Item 1.01 Entry into a Material Definitive Agreement.



  On March 31, 2022, Ares Capital Corporation (the "Registrant") amended and
restated its senior secured credit facility, among the Registrant, the lenders
party thereto, and JPMorgan Chase Bank, N.A., as the administrative agent (as
amended and restated, the "A&R Credit Facility"). The A&R Credit Facility, among
other things, (a) increased the total commitment under the A&R Credit Facility
from approximately $4.2 billion to approximately $4.8 billion, (b) extended the
expiration of the revolving period for lenders electing to extend their
revolving commitments in an amount equal to approximately $3.5 billion from
March 31, 2025 to March 31, 2026, during which period the Registrant, subject to
certain conditions, may make borrowings under the A&R Credit Facility, (c)
extended the stated maturity date for lenders electing to extend their revolving
commitments in an amount equal to approximately $3.5 billion from March 31, 2026
to March 31, 2027, (d) extended the stated maturity date for $995 million of the
lenders electing to extend their term loan commitments from March 31, 2026 to
March 31, 2027 and (e) updated certain currency reference rates, including
replacing the LIBOR rate with Term SOFR plus an applicable credit spread
adjustment. Lenders who elected not to extend their revolving commitments in an
amount equal to approximately $150 million and $114 million will remain subject
to a revolving period expiration of March 30, 2024 and March 31, 2025,
respectively, and a stated maturity date of March 30, 2025 and March 31, 2026,
respectively. Lenders who elected not to extend their term loan commitments in
an amount equal to $50 million and $34 million will remain subject to a maturity
date of March 30, 2025 and March 31, 2026, respectively

The A&R Credit Facility is composed of a revolving loan tranche equal to approximately $3.7 billion and a term loan tranche in an amount equal to approximately $1.1 billion. The A&R Credit Facility includes an "accordion" feature that allows the Registrant, under certain circumstances, to increase the size of the facility by an amount up to approximately $2.4 billion.



  The A&R Credit Facility continues to be secured by a material portion of the
Registrant's assets (excluding, among other things, investments held in and by
certain subsidiaries of the Registrant or investments in certain portfolio
companies of the Registrant) and guaranteed by certain subsidiaries of the
Registrant.

  Under the A&R Credit Facility, the Registrant has made certain representations
and warranties and is required to comply with various covenants, reporting
requirements and other customary requirements for similar credit facilities,
including, without limitation, covenants related to: (a) limitations on the
incurrence of additional indebtedness and liens, (b) limitations on certain
investments, (c) limitations on certain asset transfers and restricted payments,
(d) maintaining a certain minimum stockholders' equity, (e) maintaining a ratio
of total assets (less total liabilities not representing indebtedness) to total
indebtedness, of the Registrant and its subsidiaries (subject to certain
exceptions), of not less than 1.5:1.0, and (f) limitations on the creation or
existence of agreements that prohibit liens on certain properties of the
Registrant and certain of its subsidiaries. The A&R Credit Facility also
continues to include usual and customary events of default for senior secured
credit facilities of this nature.

  In addition to the asset coverage ratio described above, borrowings under the
A&R Credit Facility (and the incurrence of certain other permitted debt) will
continue to be subject to compliance with a borrowing base that will apply
different advance rates to different types of assets in the Registrant's
portfolio.

  The description above is only a summary of the material provisions of the A&R
Credit Facility and is qualified in its entirety by reference to a copy of the
A&R Credit Facility, which is filed as Exhibit 10.1 to this current report on
Form 8-K and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.

The information contained in Item 1.01 to this current report on Form 8-K is by this reference incorporated in this Item 2.03.

Item 7.01 Regulation FD Disclosure.

On April 5, 2022, the Registrant issued a press release, included herewith as Exhibit 99.1, and by this reference incorporated herein.



The information disclosed under this Item 7.01, including Exhibit 99.1 hereto,
is being furnished and shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934 and shall not be deemed incorporated by
reference into any filing made under the Securities Act of 1933, except as
expressly set forth by specific reference in such filing.

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Item 9.01  Financial Statements and Exhibits.

(d)                Exhibits:


Exhibit Number                                               Description

         10.1                 Thirteenth Amended and Restated Senior

Secured Credit Agreement, dated as


                              of March 31, 2022, among Ares Capital

Corporation, the lenders party


                              thereto, and JPMorgan Chase Bank, N.A., as administrative agent.
         99.1                 Press Release, dated as of April 5, 2022

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