secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001287750-25-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Capital Q1 GAAP EPS $0.36, down from $0.76; CEO transition; $0.48 dividend
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- GAAP net income per share $0.36, down 53% from $0.76 in Q1-24; Core EPS $0.50 vs $0.59.
- Q2 2025 dividend $0.48 per share declared, payable June 30, 2025 to holders of record June 13, 2025 (unchanged).
- CEO Kipp deVeer steps down effective April 30, 2025; Kort Schnabel named successor as CEO.
- Portfolio investments at fair value $27.13B; NII $365M up from $325M; net assets per share $19.82.
- Issued $1.0B 5.800% unsecured notes due 2032; amended credit facility increased to $5.283B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000128775025000018/0001287750-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000128775025000018/arcc-20250429.htm
  HTML page:      https://secwatch.observer/filing/0001287750-25-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer