Current Report Filing (8-k)
May 17 2023 - 04:31PM
Edgar (US Regulatory)
0001287750 false 0001287750 2023-05-11
2023-05-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported)
May 11, 2023
ARES CAPITAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
Maryland |
|
814-00663 |
|
33-1089684 |
(State
or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
245 Park Avenue,
44th Floor,
New York,
NY |
|
10167 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
Registrant’s telephone number, including area
code (212)
750-7300
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General
Instruction A.2. below):
¨ Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class |
|
Trading
symbol |
|
Name of each exchange on which registered |
Common stock, $0.001 par value |
|
ARCC |
|
NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in as defined in Rule 405 of the Securities
Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ¨
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange
Act. ¨
Item 1.01 Entry into a
Material Definitive Agreement.
On May 11, 2023, Ares Capital Corporation (the “Company”)
entered into an Uncommitted Continuing Agreement for Standby
Letters of Credit and Demand Guarantees (the “2023 Uncommitted LC
Facility”) with Deutsche Bank AG New York Branch (the “Issuer”),
which provides for the issuance by the Issuer, in its sole
discretion and upon request by the Company, of letters of credit or
demand guarantees. The 2023 Uncommitted LC Facility may be
terminated by the Company pursuant to a written notice of
termination or by the Issuer pursuant to 30 days’ prior written
notice of termination, and is secured on a pari passu basis with
the Company’s senior secured revolving credit facility, among the
Company, the lenders party thereto, and JPMorgan Chase Bank, N.A.,
as administrative agent (as amended and restated, the “Revolving
Credit Facility”), and pursuant to substantially the same
collateral documentation that secures the Revolving Credit
Facility.
The description above is only a summary of the material provisions
of the 2023 Uncommitted LC Facility and is qualified in its
entirety by reference to a copy of the 2023 Uncommitted LC
Facility, which is filed as Exhibit 10.1 to this current
report on Form 8-K and incorporated by reference herein.
Item 9.01
Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
|
|
ARES
CAPITAL CORPORATION |
|
|
|
Date: May 17,
2023 |
|
|
|
|
|
|
By: |
/s/
Penni F. Roll |
|
Name: |
Penni
F. Roll |
|
Title: |
Chief
Financial Officer |
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