On December 29, 2021, Ares Capital Corporation and Ares Capital CP Funding LLC, an indirect wholly owned subsidiary of the Ares Capital Corporation 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 Ares Capital Corporation entered into an 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.