Ares Capital Corp 8-K Filing

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common stock, $0.001 par value ARCC NASDAQ Global Select
• $1.0 billion — ng CLO 7 LLC ("ADL CLO 7"), completed a $1.0 billion term debt securitization (the "ADL CLO
• $570.0 million — as of the Closing Date and include (i) $570.0 million of Class A-1 Senior Floating Rate Notes
• $50.0 million — anuary 2038 Class A-1 CLO Notes"); (ii) $50.0 million of Class A-2 Senior Floating Rate Notes
• $80.0 million — nuary 2038 Class A-2 CLO Notes"); (iii) $80.0 million of Class B Senior Floating Rate Notes t
• $303.3 million — uary 2038 CLO Secured Notes"); and (iv) $303.3 million of Subordinated Notes, which do not bea

Filing Documents

• tm2532802d1_8k.htm (8-K) — 35KB
• tm2532802d1_ex4-1.htm (EX-4.1) — 1728KB
• tm2532802d1_ex10-1.htm (EX-10.1) — 161KB
• tm2532802d1_ex10-2.htm (EX-10.2) — 214KB
• tm2532802d1_ex10-3.htm (EX-10.3) — 111KB
• tm2532802d1_ex10-4.htm (EX-10.4) — 128KB
• 0001104659-25-119724.txt ( ) — 3030KB
• arcc-20251203.xsd (EX-101.SCH) — 3KB
• arcc-20251203_lab.xml (EX-101.LAB) — 33KB
• arcc-20251203_pre.xml (EX-101.PRE) — 22KB
• tm2532802d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 3, 2025 (the "Closing Date"), Ares Capital Corporation (the "Company"), through its wholly owned, consolidated subsidiary, Ares Direct Lending CLO 7 LLC ("ADL CLO 7"), completed a $1.0 billion term debt securitization (the "ADL CLO 7 Debt Securitization"). The ADL CLO 7 Debt Securitization is also known as a collateralized loan obligation and is an on-balance-sheet financing incurred by the Company. The notes offered in the ADL CLO 7 Debt Securitization that mature on January 20, 2038 (collectively, the "January 2038 CLO Notes") were issued by ADL CLO 7 pursuant to the indenture governing the January 2038 CLO Notes (the "January 2038 CLO Indenture") dated as of the Closing Date and include (i) $570.0 million of Class A-1 Senior Floating Rate Notes that were issued to third parties and bear interest at Term SOFR (as defined in the January 2038 CLO Indenture) plus 1.40% (the "January 2038 Class A-1 CLO Notes"); (ii) $50.0 million of Class A-2 Senior Floating Rate Notes that were issued to third parties and bear interest at Term SOFR plus 1.65% (the January 2038 Class A-2 CLO Notes"); (iii) $80.0 million of Class B Senior Floating Rate Notes that were issued to third parties and bear interest at Term SOFR plus 1.85% (the "January 2038 Class B CLO Notes" and, together with the January 2038 Class A-1 CLO Notes and the January 2038 Class A-2 CLO Notes, the "January 2038 CLO Secured Notes"); and (iv) $303.3 million of Subordinated Notes, which do not bear interest (the "January 2038 CLO Subordinated Notes"). The Company retained all of the January 2038 CLO Subordinated Notes, which are unsecured obligations of ADL CLO 7 and will accordingly be eliminated on consolidation. The January 2038 CLO Secured Notes are the secured obligation of ADL CLO 7 and are backed by a diversified portfolio of first lien senior secured loans contributed by the Company to ADL CLO 7 on the Closing Date pursuant to the terms of

03 Creation of a Direct Financial

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

01 to this current report on Form 8-K is by this reference incorporated in this Item 2.03

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

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 4.1 Indenture, dated as of December 3, 2025, by and between Ares Direct Lending CLO 7 LLC, as issuer, and U.S. Bank Trust Company, National Association, as trustee 4.2 Form of Class A-1 Senior Floating Rate Notes due 2038 (contained in the Indenture filed as Exhibit 4.1 hereto) 4.3 Form of Class A-2 Senior Floating Rate Notes due 2038 (contained in the Indenture filed as Exhibit 4.1 hereto) 4.4 Form of Class B Senior Floating Rate Notes due 2038 (contained in the Indenture filed as Exhibit 4.1 hereto) 4.5 Form of Subordinated Notes due 2038 (contained in the Indenture filed as Exhibit 4.1 hereto) 10.1 Collateral Administration Agreement, dated as of December 3, 2025, by and between Ares Direct Lending CLO 7 LLC, as issuer, Ares Capital Management LLC, as asset manager, and U.S. Bank Trust Company, National Association, as collateral administrator 10.2 Asset Management Agreement, dated as of December 3, 2025, by and between Ares Direct Lending CLO 7 LLC, as issuer, and Ares Capital Management LLC, as asset manager 10.3 Master Purchase and Sale Agreement, dated as of December 3, 2025, by and between Ares Capital Corporation, as seller, and Ares Direct Lending CLO 7 LLC, as buyer 10.4 Contribution Agreement, dated as of December 3, 2025, by and between Ares Capital Corporation, as transferor, and Ares Direct Lending CLO 7 LLC, as transferee 104 Cover Page Interactive Data File (embedded within Inline XBRL Document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARES CAPITAL CORPORATION Date: December 9, 2025 By: /s/ Scott C. Lem Name: Scott C. Lem Title: Chief Financial Officer and Treasurer

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