This filing reflects a routine CLO refinancing by an ARCC-sponsored vehicle. It does not affect ARCC's net asset value, investment income, or dividend outlook. Monitor ARCC's quarterly earnings for any changes in its portfolio or leverage, but no immediate trading action is warranted from this filing.
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Executive Summary
Ares Direct Lending CLO 1 LLC, a securitization vehicle sponsored by ARCC, executed a refinancing on July 17, 2026, redeeming its existing CLO notes and issuing approximately $476M in new rated debt (Class A-1-R Notes $267M, Class A-1-LR Loans $139M, Class A-2-R Notes $24.5M, Class B-R Notes $45.5M) plus $7.1M additional subordinated notes. The transaction replaces the previous CLO debt with similar terms and is a routine capital markets activity for ARCC's CLO platform. No new financial information about ARCC's own business or earnings was disclosed.
Key Financial Metrics
Key Facts
- Ares Direct Lending CLO 1 LLC refinanced its CLO notes on July 17, 2026, issuing $267M Class A-1-R Notes, $24.5M Class A-2-R Notes, $45.5M Class B-R Notes, and incurring $139M Class A-1-LR Loans.
- Additional Subordinated Notes of $7.1M were issued, bringing total subordinated notes to $232.7M.
- The CLO has a Target Initial Par Amount of $700M and a Stated Maturity in July 2038.
- The refinancing was conducted under an amended and restated indenture and a new credit agreement with U.S. Bank Trust Company as collateral trustee and BNP Paribas as the sole lender on the Class A-1-LR Loans.
- ARCC serves as the retention holder and Ares Capital Management LLC continues as asset manager.
Financial Impact
No direct financial impact on ARCC's own revenue, earnings, or cash flows. The CLO refinancing is a routine capital markets transaction for the vehicle.
Risk Factors
- Routine refinancing — no material risks identified for ARCC stockholders.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-085912 |
| Document: tm2620889d1_ex10-1.htm | 0001104659-26-085912 |
| Document: tm2620889d1_ex10-3.htm | 0001104659-26-085912 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 9, 2026 7w ago | Institutional Cluster | $19.98 $19.74 | ▼ −1.23% | ▼ −0.31% | $18.86 (−5.61%) |
Jul 22, 2026 10w ago | 8-K | $18.61 $19.78 | ▲ +6.29% | ▲ +2.98% | $18.86 (+1.34%) |
Jun 22, 2026 14w ago | 8-K | $17.89 $18.98 | ▲ +6.09% | ▲ +4.93% | $18.86 (+5.42%) |
Jun 6, 2026 16w ago | 8-K | $18.77 $18.56 | ▼ −1.12% | ▼ −2.75% | $18.86 (+0.48%) |
May 26, 2026 18w ago | 8-K | $18.82 $18.05 | ▼ −4.09% | ▼ −2.14% | $18.86 (+0.21%) |
May 15, 2026 20w ago | DEFA14A | $18.72 $18.62 | ▼ −0.53% | ▼ −2.12% | $18.86 (+0.75%) |
May 15, 2026 20w ago | DEFA14A | $18.72 $18.62 | ▼ −0.53% | ▼ −2.12% | $18.86 (+0.75%) |
May 11, 2026 20w ago | 8-K | $18.77 $18.57 | ▼ −1.09% | ▲ +0.64% | $18.86 (+0.48%) |
Apr 28, 2026 22w ago | 8-K | $18.67 $18.86 | ▲ +1.02% | ▼ −4.44% | $18.86 (+1.02%) |
Apr 28, 2026 22w ago | 8-K | $18.92 $18.86 | ▼ −0.32% | ▼ −5.77% | $18.86 (−0.32%) |
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