ARES CAPITAL CORPORATION (NASDAQ:ARCC) Files An 8-K Entry into a Material Definitive Agreement

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ARES CAPITAL CORPORATION (NASDAQ:ARCC) Files An 8-K Entry into a Material Definitive Agreement

ARES CAPITAL CORPORATION (NASDAQ:ARCC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement.

On June 6, 2019, Ares Capital Corporation (the “Company”) entered into the Second Amended and Restated Investment Advisory and Management Agreement (the “Restated Advisory Agreement”) with its investment adviser, Ares Capital Management LLC (the “Investment Adviser”). The Restated Advisory Agreement is substantially the same as the prior Amended and Restated Investment Advisory and Management Agreement, except that the Investment Adviser’s annual base management fee calculated thereunder has been reduced from 1.50% to 1.00% per annum with respect to assets financed using leverage over 1.0x debt to equity.

The description above is only a summary of the material provisions of the Restated Advisory Agreement and does not purport to be complete and is qualified in its entirety by reference to the provisions in such agreement, a copy of which is attached hereto as Exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

ARES CAPITAL CORP Exhibit
EX-10.1 2 a19-11200_1ex10d1.htm EX-10.1 Exhibit 10.1   EXECUTION VERSION   SECOND AMENDED AND RESTATED INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT BETWEEN ARES CAPITAL CORPORATION AND ARES CAPITAL MANAGEMENT LLC   Second Amended and Restated Agreement (this “Agreement”) effective as of June 6,…
To view the full exhibit click here

About ARES CAPITAL CORPORATION (NASDAQ:ARCC)

Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in the United States middle-market companies. The Company invests in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position), second lien senior secured loans and mezzanine debt, which in some cases includes an equity component. The Company focuses on self-originating most of its investments by pursuing an array of investment opportunities in middle-market companies, venture capital backed businesses and power generation projects across multiple channels. It also makes preferred and/or common equity investments. The Company is externally managed by its investment advisor, Ares Capital Management LLC.