ARCC ARES CAPITAL CORP
Price Chart
Executive Summary
Ares Capital Corporation established a $1 billion inaugural commercial paper program on June 4, 2026, allowing the issuance of short-term unsecured notes with maturities up to 397 days. The program provides a new, lower-cost funding source for general corporate purposes, backstopped by the company's existing $5.5 billion revolving credit facility. No notes have been issued yet under the program.
Key Financial Metrics
Actionable Insight
Monitor future 10-Q filings for actual commercial paper issuance amounts and interest costs. The program diversifies funding sources but has not been drawn upon yet — no immediate earnings impact.
Key Facts
- Ares Capital established a $1 billion commercial paper program on June 4, 2026.
- The program allows issuance of short-term unsecured notes with maturities up to 397 days.
- Notes will rank pari passu with other senior unsecured indebtedness.
- The $5.5 billion revolving credit facility serves as a liquidity backstop.
- No notes have been issued under the program as of the filing date.
- Net proceeds will be used for general corporate purposes.
Financial Impact
Up to $1 billion in additional short-term funding capacity established; no actual borrowing yet.
Risk Factors
- Commercial paper markets can freeze during credit stress, limiting access.
- Increased short-term debt could increase refinancing risk if not managed with adequate backstop facilities.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-041366 |
| Document: arcc-20260604.htm | 0001628280-26-041366 |
| Document: arcc-uscppressreleasexex991.htm | 0001628280-26-041366 |
| Document: 0001628280-26-041366-index-headers.html | 0001628280-26-041366 |
| Document: 0001628280-26-041366-index.html | 0001628280-26-041366 |
| Document: 0001628280-26-041366.txt | 0001628280-26-041366 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 6, 2026
9d ago
|
8-K
| $18.94 awaiting T+5 | awaiting T+5 | — | $19.26 (+1.69%) |
|
May 26, 2026
20d ago
|
8-K
| $18.82 $18.97 | ▲ +0.80% | ▼ −0.42% | $19.26 (+2.34%) |
|
May 15, 2026
4w ago
|
DEFA14A
| $18.72 $18.82 | ▲ +0.53% | ▼ −1.08% | $19.26 (+2.88%) |
|
May 15, 2026
4w ago
|
DEFA14A
| $18.72 $18.82 | ▲ +0.53% | ▼ −1.08% | $19.26 (+2.88%) |
|
May 11, 2026
4w ago
|
8-K
| $18.77 $18.72 | ▼ −0.27% | ▼ −0.34% | $19.26 (+2.61%) |
|
Apr 28, 2026
6w ago
|
8-K
| $18.67 $19.35 | ▲ +3.64% | ▲ +0.53% | $19.26 (+3.16%) |
|
Apr 28, 2026
6w ago
|
8-K
| $18.92 $19.35 | ▲ +2.27% | ▲ +0.58% | $19.26 (+1.80%) |
US Market Status
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