ARCC 8-K SEC Filing Analysis

Latest settled — T+5d

ARCC ▼ -0.27% at T+5d

NEUTRAL call ✗ call lost -0.27% · α vs SPY -0.34% · entry $18.77 → $18.72

Next anchor: T+20d due 6d ago

Last close $19.26 (close Jun 12) · +2.61% from $18.77 entry

Entry anchored
May 11, 03:59 PM ET
via Databento tick

T+1d

0.00%

call 0.00% · α -0.54%

$18.77

settled 5w ago

T+5d

-0.27%

call -0.27% · α -0.34%

$18.72

settled 28d ago

T+20d

—

call — · α —

—

due 6d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Ares Capital Corporation issued $800M of 5.550% senior unsecured notes due 2030, using proceeds to repay credit facility debt. The company simultaneously entered an $800M notional interest rate swap to convert the fixed rate to floating (1-month SOFR + 1.69950%). This is a routine refinancing and liability management transaction for a large BDC with no material change to its financial position.

Key Financial Metrics

Deal Value

$800.0M

Actionable Insight

This is a routine refinancing for ARCC — no material change to credit profile or earnings power. Monitor upcoming quarterly earnings for net investment income trends and portfolio credit quality. The interest rate swap effectively converts the fixed-rate exposure to floating, reducing interest rate risk but introducing SOFR benchmark exposure.

Key Facts

$800,000,000 aggregate principal amount of 5.550% Notes due 2030 issued
Notes mature January 15, 2030; interest payable semi-annually on Jan 15 and Jul 15 starting Jan 15, 2027
Net proceeds used to repay outstanding indebtedness under credit facilities; may reborrow for general corporate purposes
Interest rate swap with JPMorgan Chase Bank, N.A. swaps fixed 5.550% for floating 1-month SOFR + 1.69950% on $800M notional, maturing Jan 15, 2030
Notes are direct unsecured obligations; rated at least BBB- by S&P and BBB by Fitch at closing
Change of control repurchase event triggers offer to repurchase at 100% of principal plus accrued interest

Financial Impact

$800M debt issuance with 5.550% fixed coupon, swapped to floating SOFR + 1.69950%

debtinterest expenseleverage

Risk Factors

Higher floating-rate costs if SOFR rises significantly above current levels
Leverage increases by $800M until credit facility debt is repaid
Change of control/below-investment-grade rating event could trigger accelerated repurchase obligations

Market Snapshot

Exchange

Nasdaq

Analyst Consensus

85% bullish (20 analysts)

Documents Analyzed

This report is based on 8 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001104659-26-058639
Document: tm2614090d1_ex4-2.htm	0001104659-26-058639
Document: tm2614090d1_8k.htm	0001104659-26-058639
Document: tm2614090d1_ex5-1.htm	0001104659-26-058639
Document: tm2614090d1_ex5-2.htm	0001104659-26-058639
Document: 0001104659-26-058639-index-headers.html	0001104659-26-058639
Document: 0001104659-26-058639-index.html	0001104659-26-058639
Document: 0001104659-26-058639.txt	0001104659-26-058639

7 reports for ARCC

T+1T+5T+20T+60

Filters

Reports for ARCC — sortable, filterable
	Type				Now
Jun 6, 2026 9d ago	8-K NEUTRAL ★ 4/10	$18.94 awaiting T+5	awaiting T+5	—	$19.26 (+1.69%)
May 26, 2026 19d ago	8-K NEUTRAL ★ 3/10	$18.82 $18.97	▲ +0.80%	▼ −0.42%	$19.26 (+2.34%)
May 15, 2026 4w ago	DEFA14A NEUTRAL ★ 3/10	$18.72 $18.82	▲ +0.53%	▼ −1.08%	$19.26 (+2.88%)
May 15, 2026 4w ago	DEFA14A NEUTRAL ★ 4/10	$18.72 $18.82	▲ +0.53%	▼ −1.08%	$19.26 (+2.88%)
May 11, 2026 4w ago	8-K NEUTRAL ★ 3/10	$18.77 $18.72	▼ −0.27%	▼ −0.34%	$19.26 (+2.61%)
Apr 28, 2026 6w ago	8-K NEUTRAL ★ 3/10	$18.67 $19.35	▲ +3.64%	▲ +0.53%	$19.26 (+3.16%)
Apr 28, 2026 6w ago	8-K MIXED ★ 5/10	$18.92 $19.35	▲ +2.27%	▲ +0.58%	$19.26 (+1.80%)

US Market Status

Market Closed — Opens in 4h 32m

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