Item 1.01 Entry into a Material Definitive Agreement.



On April 28, 2023, Ares Capital Corporation (the "Registrant") and Ares Capital
JB Funding LLC, a wholly owned subsidiary of the Registrant ("ACJB LLC"),
entered into an amendment (the "SMBC Amendment") to the documents governing ACJB
LLC's revolving funding facility (the "SMBC Funding Facility") with Sumitomo
Mitsui Banking Corporation and each of the other parties thereto. The SMBC
Amendment, among other things, (a) transitioned the interest rate based on the
London Interbank Offered Rate ("LIBOR") and related LIBOR-based mechanics
applicable to borrowings under the SMBC Funding Facility to an interest rate
based on the Secured Overnight Financing Rate ("SOFR") and related SOFR-based
mechanics; and (b) adjusted the interest rate charged on the SMBC Funding
Facility from an applicable spread of either (i) 1.75% or 2.00% over one month
LIBOR, or (ii) 0.75% or 1.00% over a "base rate" (as defined in the agreements
governing the SMBC Funding Facility) to an applicable spread of either (x) 1.75%
or 2.00% over one month SOFR plus a credit spread adjustment of 0.10%, or (y)
0.75% or 1.00% over a "base rate" (as defined in the agreements governing the
SMBC Funding Facility).

Borrowings under the SMBC Funding Facility are subject to the facility's various
covenants and the leverage restrictions contained in the Investment Company Act
of 1940, as amended.

The description above is only a summary of the material provisions of the SMBC
Amendment and is qualified in its entirety by reference to a copy of the SMBC
Amendment, which is filed as Exhibit 10.1 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. 9, dated as of April 28, 2023, among Ares Capital JB
                              Funding LLC, as borrower, Ares Capital Corporation, as servicer and
                              transferor, Sumitomo Mitsui Banking

Corporation, as administrative agent,


                              lender and collateral agent, and U.S. Bank

National Association, as


                              collateral custodian and bank (amending the

Loan and Servicing Agreement,


                              dated as of January 20, 2012).
         104                  Cover Page Interactive Data File (embedded within the Inline XBRL
                              document)

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