Ares Capital Corporation Reports $750M Notes Issuance and Interest Rate Swap
Summary
Ares Capital Corporation entered into a Fifth Supplemental Indenture with U.S. Bank Trust Company, National Association, on January 12, 2026, for the issuance of $750,000,000 aggregate principal amount of its 5.250% Notes due 2031 (via Ex. 4.2). The Notes mature on April 12, 2031, with interest payable semi-annually. The company expects to use the net proceeds to repay outstanding indebtedness under its credit facilities. Additionally, on January 5, 2026, the Company entered into an interest rate swap with SMBC Capital Markets, Inc. for a notional amount of $750,000,000, converting the fixed rate to a floating rate (Item 8.01).
Why It Matters
This $750 million notes issuance and associated interest rate swap significantly impact Ares Capital Corporation's capital structure and financing costs. The proceeds will repay existing credit facility debt, potentially freeing up capacity for future investments in portfolio companies, while the swap manages interest rate exposure.
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Key Quote
“the net proceeds of this offering to repay certain outstanding indebtedness under its credit facilities. The Company may reborrow under.”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001287750
- Filing Date
- Monday, January 12, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral