Source-grounded facts extracted from ARES CAPITAL CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
ARES CAPITAL CORP incurred senior notes of $300 million at 7.000% maturing January 15, 2027.
“On November 17, 2023, Ares Capital Corporation (the “Company”) issued an additional $300 million aggregate principal amount of its 7.000% notes due 2027 (the “New 2027 Notes”)”
Penni F. Roll changed role as Chief Financial Officer at ARES CAPITAL CORP.
“Concurrently with Mr. Lem’s appointment, Penni F. Roll announced that she will step down as Chief Financial Officer of the registrant, effective as of February 15, 2024.”
Scott C. Lem was appointed as Chief Financial Officer at ARES CAPITAL CORP.
“On November 6, 2023, the board of directors (the “Board”) of the registrant appointed Scott C. Lem, age 45, as Chief Financial Officer, effective as of February 15, 2024.”
ARES CAPITAL CORP reported financial results for third quarter ended September 30, 2023.
“On October 24, 2023, the registrant issued a press release announcing its financial results for the quarter ended September 30, 2023.”
ARES CAPITAL CORP shareholders approved Authorize sale or issuance of shares below net asset value at the 2023-08-08 meeting.
“The proposal to authorize the Company, with the approval of its board of directors, to sell or otherwise issue shares of its common stock at a price below its then current net asset value per share subject to certain limitations (including, without limitation, that the number of shares issued does not exceed 25% of its then outstanding shares of common stock) was approved, based on the following votes: All stockholders: FOR AGAINST ABSTAIN 216,451,408 52,458,588 8,611,546”
ARES CAPITAL CORP incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association at 7.000% per year payable semiannually maturing January 15, 2027.
“On August 3, 2023, Ares Capital Corporation (the “Company”) and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the “Trustee”), entered into a Seventeenth Supplemental Indenture (the “Seventeenth Supplemental Indenture”) to the Indenture, dated October 21, 2010, between the Company and the Trustee (the “Indenture”). The Seventeenth Supplemental Indenture relates to the Company’s issuance, offer and sale of $600,000,000 aggregate principal amount of its 7.000% notes due 2027 (the “Notes”).”
ARES CAPITAL CORP entered into Seventeenth Supplemental Indenture with U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the Trustee) valued at $600,000,000 aggregate principal amount (effective 2023-08-03).
“On August 3, 2023, Ares Capital Corporation (the “Company”) and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the “Trustee”), entered into a Seventeenth Supplemental Indenture (the “Seventeenth Supplemental Indenture”)”
ARES CAPITAL CORP terminated SMBC Equity Distribution Agreement with SMBC Nikko Securities America, Inc. valued at Termination of equity distribution agreement with SMBC upon written notice (effective 2023-07-25).
“On July 25, 2023, the Company provided written notice to SMBC Nikko Securities America, Inc. (“SMBC”) of its election to terminate the equity distribution agreement, dated April 25, 2023 (the “SMBC Equity Distribution Agreement”), by and among the Company, Ares Capital Management, Ares Operations and SMBC.”
ARES CAPITAL CORP entered into Equity Distribution Agreements (Jefferies LLC and Mizuho Securities USA LLC) with Jefferies LLC and Mizuho Securities USA LLC valued at Adds Jefferies and Mizuho as additional Sales Agents under existing ATM program (effective 2023-07-25).
“On July 25, 2023, Ares Capital Corporation (the “Company”), its investment adviser, Ares Capital Management LLC (“Ares Capital Management”) and its administrator, Ares Operations LLC (“Ares Operations”) entered into (a) an equity distribution agreement with Jefferies LLC (“Jefferies”) and (b) an equity distribution agreement with Mizuho Securities USA LLC (“Mizuho”), in each case, on the same terms as the equity distribution agreement, dated April 25, 2023 (the “Truist Equity Distribution Agreement”), entered into with Truist Securities, Inc. (“Truist”) and the equity distribution agreement, dated April 25, 2023 (the “Regions Equity Distribution Agreement”), entered into with Regions Securities LLC (“Regions,” and together with Jefferies, Mizuho and Truist, the “Sales Agents”) for the purpose of adding Jefferies and Mizuho as additional Sales Agents under the Company’s existing “at the market” program equity offering”
ARES CAPITAL CORP reported financial results for for the quarter ended June 30, 2023.
“On July 25, 2023, the registrant issued a press release announcing its financial results for the quarter ended June 30, 2023.”
ARES CAPITAL CORP shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for year ending December 31, 2023 at the 2023-05-17 meeting.
“Proposal 2 The proposal to ratify the selection of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 was approved, based on the following votes: FOR AGAINST ABSTAIN 401,178,787 3,515,461 3,504,215”
ARES CAPITAL CORP shareholders approved Election of Class I directors at the 2023-05-17 meeting.
“Proposal 1 The nominees listed below were elected as Class I directors of the Company to serve until the 2026 annual meeting of stockholders, and until their respective successors are duly elected and qualify, based on the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES Michael J Arougheti 224,419,540 4,599,406 2,841,424 176,338,093 Ann Torre Bates 224,928,398 4,142,926 2,789,046 176,338,093 Steven B. Mckeever 171,454,589 57,342,412 3,063,369 176,338,093”
ARES CAPITAL CORP entered into Uncommitted Continuing Agreement for Standby Letters of Credit and Demand Guarantees with Deutsche Bank AG New York Branch (effective 2023-05-11).
“On May 11, 2023, Ares Capital Corporation (the “Company”) entered into an Uncommitted Continuing Agreement for Standby Letters of Credit and Demand Guarantees (the “2023 Uncommitted LC Facility”) with Deutsche Bank AG New York Branch (the “Issuer”)”
ARES CAPITAL CORP amended revolving credit with Sumitomo Mitsui Banking Corporation at an applicable spread of either (x) 1.75% or 2.00% over one month SOFR plus a cre.
“transitioned the interest rate based on the London Interbank Offered Rate ("LIBOR") and related LIBOR-based mechanics applicable to borrowings under the SMBC Funding Facility to an interest rate based on the Secured Overnight Financing Rate ("SOFR") and related SOFR-based mechanics; and (b) adjusted the interest rate charged on the SMBC Funding Facility from an applicable spread of either (i) 1.75% or 2.00% over one month LIBOR, or (ii) 0.75% or 1.00% over a "base rate" (as defined in the agreements governing the SMBC Funding Facility) to an applicable spread of either (x) 1.75% or 2.00% over one month SOFR plus a credit spread adjustment of 0.10%, or (y) 0.75% or 1.00% over a "base rate" (as defined in the agreements governing the SMBC Funding Facility)”
ARES CAPITAL CORP amended SMBC Amendment with Sumitomo Mitsui Banking Corporation and each of the other parties thereto (effective 2023-04-28).
“On April 28, 2023, Ares Capital Corporation (the “Registrant”) and Ares Capital JB Funding LLC, a wholly owned subsidiary of the Registrant (“ACJB LLC”), entered into an amendment (the “SMBC Amendment”) to the documents governing ACJB LLC’s revolving funding facility (the “SMBC Funding Facility”) with Sumitomo Mitsui Banking Corporation and each of the other parties thereto.”
ARES CAPITAL CORP reported the quarter ended March 31, 2023 results: net income $ 278, EPS $ 0.52.
“Ares Capital also announced financial results for its first quarter ended March 31, 2023.”
ARES CAPITAL CORP terminated Equity Distribution Agreements (May 27, 2022) with Truist Securities, Inc., Regions Securities LLC, SMBC Nikko Securities America, Inc. (effective 2023-04-25).
“Effective as of April 25, 2023, the Company and each of the Sales Agents terminated the following agreements, which have been superseded by the Equity Distribution Agreements: (i) the Equity Distribution Agreement, dated as of May 27, 2022, by and among the Company, Ares Capital Management, Ares Operations and Truist, (ii) the Equity Distribution Agreement, dated as of May 27, 2022, by and among the Company, Ares Capital Management, Ares Operations and Regions and (iii) the Equity Distribution Agreement, dated as of May 27, 2022, by and among the Company, Ares Capital Management, Ares Operations and SMBC in accordance with their respective terms.”
ARES CAPITAL CORP entered into Equity Distribution Agreements with Truist Securities, Inc., Regions Securities LLC, SMBC Nikko Securities America, Inc. valued at $1,000,000,000 (effective 2023-04-25).
“On April 25, 2023, Ares Capital Corporation (the “Company”) its investment adviser, Ares Capital Management LLC (“Ares Capital Management”) and its administrator, Ares Operations LLC (“Ares Operations”) entered into separate equity distribution agreements, with each of Truist Securities, Inc. (“Truist”), Regions Securities LLC (“Regions”) and SMBC Nikko Securities America, Inc. (“SMBC,” and together with Truist and Regions, the “Sales Agents”). The equity distribution agreements with the Sales Agents described in the preceding sentences are collectively referred to herein as the “Equity Distribution Agreements.” The Equity Distribution Agreements provide that the Company may from time to time issue and sell shares of its common stock, par value $0.001 per share (“Shares”), having an aggregate offering price of up to $1,000,000,000, through the Sales Agents, or to them as principal for their own respective accounts.”
ARES CAPITAL CORP reported the year ended December 31, 2022 results: revenue $ 1,092, net income $ 600, EPS $ 1.21.
“Total Amount Per Share Core EPS(3) $ 0.63 $ 0.58 $ 2.02 $ 2.02 GAAP net income per share(2)(4) $ 0.34 $ 0.83 $ 1.21 $ 3.51 Net investment income(2) $ 349 $ 0.68 $ 242 $ 0.52 $ 1,092 $ 2.19 $ 741 $ 1.66 Net realized gains (losses)(2) $ 26 $ 0.05 $ 16 $ 0.04 $ 33 $ 0.07 $ 240 $ 0.54 Net unrealized gains (losses)(2) $ (201) $ (0.39) $ 124 $ 0.27 $ (525) $ (1.05)”
ARES CAPITAL CORP reported the quarter ended December 31, 2022 results: revenue $ 349, net income $ 174, EPS $ 0.34.
“Share Total Amount Per Share Total Amount Per Share Core EPS(3) $ 0.63 $ 0.58 $ 2.02 $ 2.02 GAAP net income per share(2)(4) $ 0.34 $ 0.83 $ 1.21 $ 3.51 Net investment income(2) $ 349 $ 0.68 $ 242 $ 0.52 $ 1,092 $ 2.19 $ 741 $ 1.66 Net realized gains (losses)(2) $ 26 $ 0.05 $ 16 $ 0.04 $ 33 $ 0.07 $ 240 $ 0.54 Net unrealized gains (losses)(2) $ (201) $ (0.39) $”
Jana Markowicz was appointed as Chief Operating Officer at ARES CAPITAL CORP.
“Effective January 18, 2023, the board of directors (the “Board”) of the registrant appointed Jana Markowicz, age 42, as Chief Operating Officer.”
ARES CAPITAL CORP reported three months ended December 31, 2022 results: EPS basic and diluted GAAP earnings per share (“EPS”) will be in the range of $0.29 to $0.38 and $0.29 to $0.37, respectivel.
“The Company estimates that basic and diluted GAAP earnings per share (“EPS”) will be in the range of $0.29 to $0.38 and $0.29 to $0.37, respectively, and Core EPS will be in the range of $0.61 to $0.63, in each case, for the three months ended December 31, 2022 and net asset value per share as of December 31, 2022 will be in the range of $18.35 to $18.43.”
ARES CAPITAL CORP amended Fourth Amendment to the Revolving Credit and Security Agreement valued at $500 million (effective 2023-01-09).
“On January 9, 2023, Ares Capital Corporation (the “Company”) and ARCC FB Funding LLC, a wholly owned subsidiary of the Company, amended the document governing its revolving funding facility (the "BNP Funding Facility") by entering into a Fourth Amendment to the Revolving Credit and Security Agreement (the “Amendment”).”
Michael L. Smith was appointed as Director at ARES CAPITAL CORP.
“the Board increased the size of the Board from ten to 11 members and appointed Michael L. Smith as an interested Class III director to fill the vacancy created by such increase.”
Michael L. Smith departed as Co-President at ARES CAPITAL CORP.
“Concurrently, Michael L. Smith stepped down as Co-President.”
Kort Schnabel was appointed as Co-President at ARES CAPITAL CORP.
“Effective October 20, 2022, the board of directors (the “Board”) of the registrant appointed Kort Schnabel, 45, as Co-President.”
Mary Beth Henson was appointed as Director at ARES CAPITAL CORP.
“appointed Mary Beth Henson as an independent Class II director to fill the vacancy created by such increase.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.