Ares Capital Corporation Reports Amendment to SMBC Funding Facility
Summary
On February 25, 2026, Ares Capital Corporation and its wholly owned subsidiary, Ares Capital JB Funding LLC, entered into Amendment No. 13 (Ex. 10.1) to their Loan and Servicing Agreement with Sumitomo Mitsui Banking Corporation and other lenders. This amendment significantly increased the SMBC Funding Facility's capacity and adjusted its terms. * Commitments under the facility increased from $1.1 billion to $1.6 billion. * The interest rate spread was adjusted, for example, from 1.80% over SOFR to 1.75% over SOFR. * The accordion feature, allowing for future increases, expanded from $1.3 billion to $2.5 billion.
Why It Matters
This amendment materially enhances Ares Capital Corporation's borrowing capacity, providing greater financial flexibility to support future investment activities. The adjusted interest rates also slightly reduce borrowing costs.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0001287750
- Filing Date
- Friday, February 27, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive