ARES CAPITAL CORP (ARCC): debt financing — Ares Capital expands BNP credit facility by $200M to $1.465B, tightens concentration limits

ARES CAPITAL CORP

Total commitments under BNP Funding Facility increased from $1.265B to $1.465B via Tenth Amendment.
Concentration limits tightened: Revolving loans capped at 5.0% (was 10%), Recurring Revenue Loans at 2.5% (was 10%).
Single obligor limit reduced to 5.0% from 7.5% for top three borrowers.
Advance rate for participations not converted to assignments within 90 days drops to 0%.
Amendment also modified certain concentration limitations and advance rates for collateral loans.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ARES CAPITAL CORP amended revolving credit of $1.465 billion with BNP Paribas.

Instrument: revolving credit
Principal: $1.465 billion
Counterparty: BNP Paribas
Event: amendment

Exact text from the filing

increased the total commitments under the BNP Funding Facility by $200 million, from $1.265 billion to $1.465 billion

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

ARES CAPITAL CORP amended Tenth Amendment to the Revolving Credit and Security Agreement with BNP Paribas valued at increased the total commitments under the BNP Funding Facility by $200 million, from $1.265 billion (effective 2026-06-18).

Action: amendment
Agreement: credit facility
Counterparty: BNP Paribas
Value: increased the total commitments under the BNP Funding Facility by $200 million, from $1.265 billion
Effective: 2026-06-18

Exact text from the filing

On June 18, 2026, Ares Capital Corporation (the “Registrant”) and ARCC FB Funding LLC, a wholly owned subsidiary of the Registrant (“AFB LLC”), entered into a Tenth Amendment (the “BNP Funding Facility Amendment”) to the Revolving Credit and Security Agreement, dated June 11, 2020, as amended (the “BNP Funding Facility”), with BNP Paribas and each of the other parties thereto.

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Source: SEC EDGAR

accession 0001628280-26-044648

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