Loan & DebtJun 22, 2026, 04:26 PM
Ares Capital Increases Credit Facility by $200M to $1.465B
AI Summary
Ares Capital Corporation and its subsidiary, ARCC FB Funding LLC, entered into a Tenth Amendment to their Revolving Credit and Security Agreement with BNP Paribas. This amendment increased the total commitments under the BNP Funding Facility by $200 million, raising the total to $1.465 billion from $1.265 billion. The agreement also modified certain concentration limitations and advance rates applicable to collateral loans.
Key Highlights
- Revolving Credit and Security Agreement amended with BNP Paribas.
- Total commitments under the BNP Funding Facility increased by $200 million.
- New total commitments are $1.465 billion.
- Previous total commitments were $1.265 billion.
- Modified certain concentration limitations and advance rates for collateral loans.
Price Impact
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