Item 1.01 Entry into a Material Definitive Agreement.

On December 29, 2021, Ares Capital Corporation (the "Registrant") and Ares Capital CP Funding LLC, an indirect wholly owned subsidiary of the Registrant ("Ares Capital CP"), entered into an amendment (the "CP Amendment") to the documents governing Ares Capital CP's revolving funding facility (the "CP 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) extended the stated maturity date from January 31, 2025 to December 29, 2026; (b) extended the reinvestment period from January 31, 2023 to December 29, 2024; (c) decreased the LIBOR (as defined in the CP Funding Facility) spread from +2.00% to +1.90%; and (d) decreased the component of the undrawn fee applicable to any unused portion in excess of 50% of the maximum facility amount from 1.50% to 1.25%. The other terms of the CP Funding Facility remained substantially unchanged.

On December 29, 2021, the Registrant entered into an amendment (the "JPM Amendment") to its senior secured credit facility, among the Registrant, the lenders party thereto, and JPMorgan Chase Bank, N.A., as the administrative agent and as the collateral agent (as amended and restated, the "A&R Credit Facility"). The JPM Amendment, among other things, (a) replaced LIBOR with an alternate rate of interest for certain loans, commitments and/or other extensions of credit under the A&R Credit Facility denominated in Sterling; and (b) implemented certain Benchmark Replacement Conforming Changes (as defined in the A&R Credit Facility). The other terms of the A&R Credit Facility remained substantially unchanged.

The description above is only a summary of the material provisions of the CP Amendment and JPM Amendment and is qualified in its entirety by reference to a copy of the CP Amendment and JPM Amendment, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this current report on Form 8-K and incorporated by reference herein.

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

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

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits:



Exhibit
Number                                  Description

  10.1       Amendment No. 15 to Loan and Servicing Agreement, dated as of
           December 29, 2021, among Ares Capital CP Funding LLC, as the borrower,
           Ares Capital Corporation, as the servicer, Wells Fargo Bank, National
           Association, as the agent, Wells Fargo Bank, National Association, as
           a lender, Bank of America, N.A., as a lender, Canadian Imperial Bank
           of Commerce, as a lender, Sampension Livsforsikring A/S, as a lender,
           Arkitekternes Pensionskasse, as a lender, Pensionskassen for
           Jordbrugsakademikere og Dyrlæger, as a lender and U.S. Bank National
           Association, as trustee, bank and collateral custodian.

  10.2       Amendment No. 1 to Twelfth Amended and Restated Senior Secured
           Credit Agreement, dated as of December 29, 2021, among Ares Capital
           Corporation, as the borrower, the lenders party thereto and JPMorgan
           Chase Bank, N.A., as administrative agent and as collateral agent.




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