On June 30, 2022, Ares Capital Corporation and Ares Capital CP Funding LLC, an indirect wholly owned subsidiary of the Registrant, entered into an amendment (the “CP Amendment”) to the documents governing Ares Capital CP's revolving funding facility with Wells Fargo Bank, National Association, Bank of America, N.A. and each of the other parties thereto. The CP Amendment, among other things, (a) increased the commitments under the CP Funding Facility from $1.525 billion to $1.775 billion and (b) replaced the LIBOR rate with SOFR plus an applicable credit spread adjustment. Borrowings under the CP Funding Facility are subject to the facility's various covenants and the leverage restrictions contained in the Investment Company Act of 1940, as amended.

On June 10, 2022, the Registrant increased the total commitments under its senior secured revolving credit facility with JPMorgan Chase Bank, N.A. and each of the other parties thereto from approximately $4.785 billion to $4.843 billion. The other terms of the Revolving Credit Facility remained unchanged.