ARCC ARES CAPITAL CORP
Price Chart
Executive Summary
Ares Capital Corporation amended and restated its senior secured credit facility on May 21, 2026, increasing total commitments from approximately $5.312 billion to $5.481 billion and extending the maturity for extending lenders to May 21, 2031. The facility includes a revolving tranche of ~$4.3 billion and a term loan tranche of ~$1.2 billion, along with an accordion feature allowing up to ~$2.7 billion in additional commitments. This is a routine refinancing that improves liquidity and extends debt maturities without altering the company's credit profile.
Actionable Insight
The amendment is credit-neutral and routine for a BDC. Monitor upcoming quarterly financials for any changes in borrowing base utilization or asset coverage ratio; no immediate trading catalyst.
Key Facts
- Total commitments increased from ~$5.312B to ~$5.481B
- Revolving loan tranche: ~$4.3 billion
- Term loan tranche: ~$1.2 billion
- Maturity extended to May 21, 2031 for extending lenders (~$4.2B in revolving commitments)
- Accordion feature permits up to ~$2.7 billion additional commitments
- Base interest rate for USD loans changed from Term SOFR + 0.10% credit spread adjustment to Term SOFR
- Commitment fee: 0.325% (extending lenders) or 0.375% (other lenders) on unused portion
- Letter of credit sub-limit: $450 million; swingline sub-limit: $300 million
Financial Impact
Increase in credit facility size by ~$169 million; extension of maturities by one year for most lenders; immaterial change in interest rate benchmark
Risk Factors
- No material risks identified from this filing
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-065964 |
| Document: tm2615518d1_8k.htm | 0001104659-26-065964 |
| Document: 0001104659-26-065964-index-headers.html | 0001104659-26-065964 |
| Document: 0001104659-26-065964-index.html | 0001104659-26-065964 |
| Document: 0001104659-26-065964.txt | 0001104659-26-065964 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 6, 2026
13d ago
|
8-K
| $18.77 $18.62 | ▼ −0.80% | ▼ −2.91% | $18.10 (−3.57%) |
|
May 26, 2026
23d ago
|
8-K
| $18.82 $18.97 | ▲ +0.80% | ▼ −0.42% | $18.10 (−3.83%) |
|
May 15, 2026
4w ago
|
DEFA14A
| $18.72 $18.82 | ▲ +0.53% | ▼ −1.08% | $18.10 (−3.31%) |
|
May 15, 2026
4w ago
|
DEFA14A
| $18.72 $18.82 | ▲ +0.53% | ▼ −1.08% | $18.10 (−3.31%) |
|
May 11, 2026
5w ago
|
8-K
| $18.77 $18.72 | ▼ −0.27% | ▼ −0.34% | $18.10 (−3.57%) |
|
Apr 28, 2026
7w ago
|
8-K
| $18.67 $19.35 | ▲ +3.64% | ▲ +0.53% | $18.10 (−3.05%) |
|
Apr 28, 2026
7w ago
|
8-K
| $18.92 $19.35 | ▲ +2.27% | ▲ +0.58% | $18.10 (−4.33%) |
US Market Status
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