---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-041366"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2026-06-06T00:52:40+00:00"
generated_at: "2026-06-08T10:07:09.152172+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-041366
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2026-06-06T00:52:40+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000162828026041366/0001628280-26-041366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000162828026041366/arcc-20260604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-041366
- JSON: https://secwatch.observer/filing/0001628280-26-041366.json
- Plain text: https://secwatch.observer/filing/0001628280-26-041366.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000162828026041366/0001628280-26-041366-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.