Item 1.01 Entry into a Material Definitive Agreement.



On June 29, 2021, Ares Capital Corporation (the "Company") and ARCC FB Funding
LLC, a wholly owned subsidiary of the Company, amended the document governing
its revolving funding facility (the "BNP Funding Facility") by entering into a
Second Amendment to the Revolving Credit and Security Agreement (the
"Amendment"). The Amendment among other things adjusted the interest rate
charged on the BNP Funding Facility from an applicable London Interbank Offered
Rate ("LIBOR") (subject to a floor of 0.45%) over a "base rate" (as defined in
the BNP Funding Facility) plus a margin that generally ranged between 2.65% and
3.15% (depending on the types of assets such advances relate to), with a
weighted average margin floor for all classes of advances of (i) 2.75% during
the reinvestment period and (ii) 3.25% following the reinvestment period to an
applicable LIBOR (subject to a floor of 0.00%) over a "base rate" (as defined in
the BNP Funding Facility) plus a margin of (i) 1.80% during the reinvestment
period and (ii) 2.30% following the reinvestment period. The other terms of the
BNP Funding Facility remained materially unchanged.

The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to copies of the Amendment, 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.



(d)                Exhibits:

    Exhibit Number                                           Description

  10.1                        Second Amendment to the Revolving Credit and

Security Agreement, dated as


                              of June 29, 2021, among ARCC FB Funding LLC,

as borrower, the lenders from


                              time to time parties thereto, BNP Paribas, as

administrative agent and


                              lender, Ares Capital Corporation, as

equityholder and servicer, and U.S.

Bank National Association, as collateral agent.

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