-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MKofEEFV9lv6URPqMsGH+scBEG+PuMK/z7FlhH3B4+O0RxYQmUu3alYSez8GMiei OX0kzwO3y2j3MiHbBs0Xhw== 0001104659-11-001863.txt : 20110118 0001104659-11-001863.hdr.sgml : 20110117 20110118164445 ACCESSION NUMBER: 0001104659-11-001863 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110118 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110118 DATE AS OF CHANGE: 20110118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARES CAPITAL CORP CENTRAL INDEX KEY: 0001287750 IRS NUMBER: 331089684 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 814-00663 FILM NUMBER: 11533670 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE, 22ND FLOOR STREET 2: BUILDING EAST CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2127507300 MAIL ADDRESS: STREET 1: 280 PARK AVENUE, 22ND FLOOR STREET 2: BUILDING EAST CITY: NEW YORK STATE: NY ZIP: 10017 8-K 1 a11-4139_48k.htm 8-K

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported) January 18, 2011

 

ARES CAPITAL CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Maryland

 

000-50697

 

33-1089684

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

280 Park Avenue, 22nd Floor, Building East, New York, NY

 

10017

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (212) 750-7300

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01  Other Events.

 

On January 18, 2011, Ares Capital Corporation issued a press release announcing that that its indirect wholly owned subsidiary, Ares Capital CP Funding LLC (“CP Funding”), amended its $400 million revolving funding facility (the “Revolving Funding Facility”) to, among other things, provide for a three year reinvestment period until January 18, 2014 (with two one-year extension options, subject to mutual consent) and extend the stated maturity date to January 18, 2016 (with two one-year extension options, subject to mutual consent).  A copy of the press release is filed herewith as Exhibit 99.1 and incorporated herein by reference.

 

The information disclosed under this Item 8.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

 

Item 9.01  Financial Statements and Exhibits.

 

(d)           Exhibits:

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press Release, dated as of January 18, 2011.

 

2



 

SIGNATURES

 

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:   January 18, 2011

 

 

 

 

 

 

By:

/s/ Penni F. Roll

 

Name:

Penni F. Roll

 

Title:

Chief Financial Officer

 

3



 

Exhibit Index

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press Release, dated as of January 18, 2011.

 

4


EX-99.1 2 a11-4139_4ex99d1.htm EX-99.1

Exhibit 99.1

 

ARES CAPITAL CORPORATION EXTENDS MATURITY ON REVOLVING
FUNDING FACILITY TO JANUARY 2016

 

Facility Now Contains Three Year Reinvestment Period and Five Year Maturity

 

NEW YORK, NY—January 18, 2011—Ares Capital Corporation (NASDAQ:  ARCC) announced today that its indirect wholly owned subsidiary, Ares Capital CP Funding LLC (“CP Funding”), extended its $400 million revolving funding facility (the “Facility”) provided by Wells Fargo Bank, National Association.  The Facility’s maturity has been extended from January 22, 2013 to January 18, 2016.  Further, the Facility contains a three year reinvestment period until January 18, 2014 followed by a two year amortization period ending January 18, 2016.  The Facility’s reinvestment period and final maturity may be extended two times for one year periods if mutually agreed upon by the parties.  Pricing on the Facility remains unchanged and is based on a pricing grid depending upon the credit ratings of Ares Capital.  The currently effective LIBOR spread under the Facility is 2.75%.

 

In addition to this $400 million Facility, Ares Capital has an $810 million Revolving Credit Facility, for total revolving debt capacity of approximately $1.2 billion.

 

“We appreciate Wells Fargo’s strong show of support by extending an attractively priced revolving facility to us for the next five years,” commented Michael Arougheti, President of Ares Capital.  “This maturity extension further improves our maturity profile and provides additional financing flexibility for the growth of our business.”

 

About Ares Capital Corporation

 

Ares Capital is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. With offices in Atlanta, Chicago, Los Angeles, New York and Washington, D.C., Ares Capital is a specialty finance company that provides integrated debt and equity financing solutions to U.S. middle market companies. Ares Capital invests primarily in first- and second-lien loans and mezzanine debt, which in some cases includes an equity component. To a lesser extent, Ares Capital also makes equity investments. Ares Capital is externally managed by Ares Capital Management LLC, an affiliate of Ares Management LLC, a global alternative asset manager and a Securities and Exchange Commission registered investment adviser. As of December 31, 2010, Ares Management LLC had approximately $39 billion of committed capital under manageme nt.  For more information, visit www.arescapitalcorp.com.

 

FORWARD-LOOKING STATEMENTS

 

Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results and condition may differ materially from those in the forward-looking statements as a result of a number of factors, including those described

 



 

from time to time in Ares Capital Corporation’s filings with the Securities and Exchange Commission. Ares Capital Corporation undertakes no duty to update any forward-looking statements made herein.

 

Ares Capital Investor Contact:

Carl G. Drake

(404) 814-5204

 


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