Ares Capital Corp

The company announced today renewals, commitment increases and enhanced terms for each of their respective bank-led Revolving Credit Facilities.

Ares Capital increased the commitment on its existing credit facility by approximately $170 million to approximately $5.5 billion, decreased the funded borrowing costs by 0.10% per annum to reflect the elimination of the SOFR credit spread adjustment (“CSA”), and extended the final maturity date to May 2031 for substantially all of the facility. In addition, the facility’s uncommitted accordion feature was expanded to allow for an incremental increase of up to approximately $2.7 billion in commitments under certain circumstances. The Ares Capital facility is led by JPMorgan, Bank of America, RBC, SMBC, Truist and Wells Fargo and includes a total of 40 lenders. As of 2026-05-22, the Fund’s leverage was 51.7% and Debt Focused BDC Group leverage was 52.2%.

2026-05-26T00:00:00-04:00May 26th, 2026|

Disclosure: Views and opinions expressed are for informational and educational purposes only as of the date of production/writing/speaking and may change without notice at any time based on a multitude of factors. Speaker’s/presenter’s/author’s opinions are their own and may not necessarily represent the opinions of AICA, its Board, or its staff. Materials may contain “forward-looking” information that is not purely historical in nature, such as projections, forecasts, market return estimates, proposed or expected portfolio composition, and other items. Listed closed-end funds and business development companies trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor will be able to sell shares at a price greater than or equal to the purchase price or that a closed-end fund’s discount will narrow. Non-listed closed-end funds and business development companies do not offer investors daily liquidity but rather offer liquidity on a monthly, quarterly or semi-annual basis, often on a small percentage of shares. Closed-end funds often use leverage, which can increase the fund’s volatility (i.e., risk). Actual distribution amounts may vary with fund performance and other conditions. Past performance is no guarantee of future results. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).