On February 23, 2021, Ares Capital Corporation notified The Bank of New York Mellon, the trustee (the Trustee") for the Company's 6.875% Senior Notes due 2047 (the Notes"), of the Company's election to redeem the $229,556,725 aggregate principal amount of the Notes outstanding at a price of $25 per security (equal to 100% of the principal amount of the Notes) plus accrued and unpaid interest on the Notes to, but excluding, the date of redemption, and instructed the Trustee to provide notice of such redemption to the holders of the Notes in accordance with the terms of the indenture governing the Notes. The Company expects the redemption to be completed on March 25, 2021. Following the redemption, none of the Notes will remain outstanding.