---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-044648"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2026-06-22T20:20:35+00:00"
generated_at: "2026-06-22T20:21:27.501833+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Ares Capital expands BNP credit facility by $200M to $1.465B, tightens concentration limits

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-044648
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2026-06-22T20:20:35+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000162828026044648/0001628280-26-044648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000162828026044648/arcc-20260618.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-044648
- JSON: https://secwatch.observer/filing/0001628280-26-044648.json
- Plain text: https://secwatch.observer/filing/0001628280-26-044648.txt

## Key facts
- Debt Financings
  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
  source text: increased the total commitments under the BNP Funding Facility by $200 million, from $1.265 billion to $1.465 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000162828026044648/0001628280-26-044648-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000162828026044648/0001628280-26-044648-index.htm

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