Ares Capital establishes $1B commercial paper program for short-term unsecured debt

ARES CAPITAL CORP

Program allows up to $1B aggregate principal of short-term notes outstanding at any time.
Notes will rank pari passu with other senior unsecured debt; maturities up to 397 days.
Company expects cost benefits vs. other funding; $5.5B revolving credit facility as liquidity backstop.
No notes issued as of June 4, 2026; proceeds for general corporate purposes.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ARES CAPITAL CORP entered into Program valued at $1 billion (effective 2026-06-04).

Action: entry
Agreement: equity purchase
Value: $1 billion
Effective: 2026-06-04

Exact text from the filing

On June 4, 2026, Ares Capital Corporation (the “Company”) established a commercial paper program (the “Program”) pursuant to which it may issue short-term unsecured commercial paper notes (the “Notes”) in reliance on a private placement exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”).

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ARES CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001628280-26-041366

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