ARES CAPITAL CORP 8-K

Summary

A subsidiary completed a collateralized loan obligation (CLO) refinancing on 7/17/2026, replacing its existing 2036 notes with new secured notes and term loans due 2038. The financing is on Ares Capital’s balance sheet and is backed by first-lien senior secured loans.

Key Figures

• New secured debt: $267.0M of Class A-1 notes at Term SOFR + 1.46%, $24.5M of Class A-2 notes at Term SOFR + 1.70%, and $45.5M of Class B notes at Term SOFR + 1.90%; each is due 7/25/2038.
• New Class A-1 term loans: $139.0M at Term SOFR + 1.46%, due 7/25/2038.
• Subordinated notes: $7.1M of additional notes issued, alongside $225.6M of existing notes; Ares Capital retained all subordinated notes, which are unsecured and eliminated on consolidation. They bear no interest.
• Proceeds funded the full redemption of $406.0M principal amount of existing Class A notes and $70.0M of existing Class B notes, both due 2036, plus CLO account deposits and transaction fees and expenses.