On September 9, 2025 Ares Capital Corporation (the ?Company?) and U.S. Bank Trust Company, National Association (the ?Trustee?), entered into a Fourth Supplemental Indenture (the ?Fourth Supplemental Indenture?) to the Indenture, dated May 13, 2024, between the Company and the Trustee (the ?Base Indenture? and, together with the Fourth Supplemental Indenture, the ?Indenture?). The Fourth Supplemental Indenture relates to the Company?s issuance, offer and sale of $650,000,000 aggregate principal amount of its 5.100% notes due 2031 (the ?Notes?).
The Notes will mature on January 15, 2031 and may be redeemed in whole or in part at the Company?s option at any time at the redemption price set forth in the Fourth Supplemental Indenture. The Notes bear interest at a rate of 5.100% per year payable semiannually on January 15 and July 15 of each year, commencing on January 15, 2026. The Notes are direct unsecured obligations of the Company.
The Company expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities. The Company may reborrow under its debt facilities for general corporate purposes, which include investing in portfolio companies in accordance with its investment objective.
