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 |
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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.
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|
ARES CAPITAL CORPORATION |
|
|
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Date: May 17, 2023 |
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|
|
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By: |
/s/ Penni F. Roll |
|
Name: |
Penni F. Roll |
|
Title: |
Chief Financial Officer |
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