Ares Capital Corp Files 10-K/A Amendment

TL;DR

<b>Ares Capital Corporation has filed an amendment to its 2023 annual report.</b>

AI Summary

ARES CAPITAL CORP (ARCC) filed a Amended Annual Report (10-K/A) with the SEC on March 22, 2024. Ares Capital Corporation (ARCC) filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The filing was made on March 22, 2024. ARCC is registered in Maryland and its principal executive offices are located at 245 Park Avenue, New York, NY. The company's common stock trades on The NASDAQ Global Select Market under the symbol ARCC. ARCC is classified as a large accelerated filer.

Why It Matters

For investors and stakeholders tracking ARES CAPITAL CORP, this filing contains several important signals. This amendment provides updated information for the fiscal year ending December 31, 2023, which is crucial for investors to assess the company's financial health and performance. As a large accelerated filer, ARCC's filings are closely watched by the market, and this amendment may contain material updates affecting its stock.

Risk Assessment

Risk Level: low — ARES CAPITAL CORP shows low risk based on this filing. The filing is an amendment to a standard annual report, indicating routine updates rather than significant new negative information.

Analyst Insight

Monitor for specific financial or operational changes detailed in the amendment to ARCC's 2023 10-K filing.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reported fiscal year end)
• 2024-03-22 — Filing Date (Date the amendment was filed)
• 814-00663 — Commission File Number (SEC commission file number for ARCC)

Key Players & Entities

• ARES CAPITAL CORP (company) — Filer name
• ARCC (company) — Trading symbol
• 10-K/A (filing) — Form type
• 20231231 (date) — Fiscal year end
• 20240322 (date) — Filing date
• 245 PARK AVENUE, 44TH FLOOR (address) — Business address
• NEW YORK (location) — Business address city
• The NASDAQ Global Select Market (exchange) — Exchange where common stock is registered

FAQ

Industry Context

Ares Capital Corporation is a business development company (BDC) that primarily invests in the debt and equity of private U.S. companies. BDCs are regulated investment companies that offer investors exposure to private credit markets.

Regulatory Implications

As a BDC, Ares Capital Corporation is subject to regulations under the Investment Company Act of 1940 and the Securities Exchange Act of 1934, requiring regular filings and disclosures.

What Investors Should Do

1. Review the full 10-K/A filing for specific details of the amendment.
2. Analyze any updated financial statements or disclosures provided in the amendment.
3. Compare the amended filing to the original 10-K to identify key changes.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the annual report.
• 2024-03-22: Filing Date — Date the amendment (10-K/A) was officially filed with the SEC.

Year-Over-Year Comparison

This filing is an amendment (10-K/A) to the previously filed annual report for the fiscal year ended December 31, 2023, indicating updates or corrections to the original submission.

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share ARCC The NASDAQ Global Select
• $18.79 — ed on the closing price on that date of $18.79 on The NASDAQ Global Select Market, was

Filing Documents

• arcc-20231231.htm (10-K/A) — 189KB
• arccq4-23exhibit232_10xka.htm (EX-23.2) — 3KB
• arccq4-23exhibit311_10xka.htm (EX-31.1) — 16KB
• arccq4-23exhibit312_10xka.htm (EX-31.2) — 16KB
• arccq4-23exhibit321_10xka.htm (EX-32.1) — 9KB
• ihamconsolidated-fy2023ex9.htm (EX-99.2) — 1107KB
• image.jpg (GRAPHIC) — 139KB
• image1.jpg (GRAPHIC) — 80KB
• 0001287750-24-000014.txt (&nbsp;) — 1932KB
• arcc-20231231.xsd (EX-101.SCH) — 3KB
• arcc-20231231_lab.xml (EX-101.LAB) — 37KB
• arcc-20231231_pre.xml (EX-101.PRE) — 22KB
• arcc-20231231_htm.xml (XML) — 5KB

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services Our independent registered public accounting firm is KPMG LLP , Los Angeles, CA , Auditor Firm ID: 185 . The information required by this item will be contained in the Company's definitive Proxy Statement for its 2024 Annual Stockholder Meeting, to be filed with the SEC within 120 days after December 31, 2023, and is incorporated herein by reference. PART IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules The following documents are filed as part of this Annual Report: 1. Financial Statements The following financial statements and related notes were filed as part of the Annual Report on Form 10-K filed with the SEC on February 7, 2024: Consolidated Balance Sheet as of December 31, 2023 and 2022 Consolidated Statement of Operations for the years ended December 31, 2023, 2022 and 2021 Consolidated Schedules of Investments as of December 31, 2023 and 2022 Consolidated Statement of Stockholders' Equity for the years ended December 31, 2023, 2022 and 2021 Consolidated Statement of Cash Flows for the years ended December 31, 2023, 2022 and 2021 The following financial statements and related notes of Ivy Hill Asset Management, L.P. are included in the Amendment No. 1 on Form 10-K/A pursuant to Rule 3-09 of Regulation S-X: Consolidated Balance Sheet as of December 31, 2023 and 2022 Consolidated Statement of Operations for the years ended December 31, 2023, 2022 and 2021 Consolidated Statement of Changes in Equity for the years ended December 31, 2023, 2022 and 2021 Consolidated Statement of Cash Flows for the years ended December 31, 2023, 2022 and 2021 2. Financial Statement Schedules—None. We have omitted financial statement schedules because they are not required or are not applicable, or the required information is shown in the financial statements or notes to the financial statements. 3. Exhibits. Number Document 3.1 Articles of Amendment and Restatement, as amended(1) 3.2 Third Amended and Restated Bylaws, as amended(2) 4.1 Form of Stock Certificate(3) 4.2 Form of Subscription Certificate(4) 4.3 Indenture, dated as of October 21, 2010, between Ares Capital Corporation and U.S. Bank National Association, as trustee(5) 4. 4 Eighth Supplemental Indenture, dated as of January 11, 2018, relating to the 4.250% Notes due 2025, between Ares Capital Corporation and U.S. Bank National Associa

Description of Securities(16)

Description of Securities(16) 10.1 Dividend Reinvestment Plan of Ares Capital Corporation(17) 10.2 Second Amended and Restated Investment Advisory and Management Agreement between Ares Capital Corporation and Ares Capital Management LLC, dated as of June 6, 2019(18) 10.3 Amended and Restated Administration Agreement, dated as of June 1, 2007, between Ares Capital Corporation and Ares Operations LLC(19) 10.4 Amended and Restated Custodian Agreement, dated as of May 15, 2009, between Ares Capital Corporation and U.S. Bank National Association(20) 10.5 Amendment No. 1, dated as of December 19, 2014, to the Amended and Restated Custodian Agreement dated as of May 15, 2009, by and among Ares Capital Corporation and U.S. Bank National Association(21) 10.6 Trademark License Agreement between Ares Capital Corporation and Ares Management LLC(22) 10.7 Form of Indemnification Agreement between Ares Capital Corporation and directors and certain officers(23) 10.8 Form of Indemnification Agreement between Ares Capital Corporation and members of Ares Capital Management LLC investment committee(23) 10.9 Amended and Restated Purchase and Sale Agreement, dated as of January 22, 2010, among Ares Capital Corporation, as seller, and Ares Capital CP Funding Holdings LLC, as purchaser(24) 10.10 Amendment No. 1 to Amended and Restated Purchase and Sale Agreement, dated as of June 7, 2012, among Ares Capital Corporation, as seller, and Ares Capital CP Funding Holdings LLC, as purchaser(25) 10.11 Second Tier Purchase and Sale Agreement, dated as of January 22, 2010, among Ares Capital CP Funding Holdings LLC, as seller, and Ares Capital CP Funding LLC, as purchaser(24) 10.12 Amendment No. 1 to Second Tier Purchase and Sale Agreement, dated as of June 7, 2012, among Ares Capital CP Funding Holdings LLC, as seller, and Ares Capital CP Funding LLC, as purchaser(25) 10.13 Amended and Restated Sale and Servicing Agreement, dated as of January 22, 2010, among A

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View this 10-K/A filing on SEC EDGAR