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.
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.
Key Financial Metrics
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 | ||||
|---|---|---|---|---|---|
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%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access