Item 1.01 Entry into a Material Definitive Agreement.
OnJune 29, 2021 ,Ares Capital Corporation (the "Company") andARCC FB Funding LLC , a wholly owned subsidiary of the Company, amended the document governing its revolving funding facility (the "BNP Funding Facility") by entering into a Second Amendment to the Revolving Credit and Security Agreement (the "Amendment"). The Amendment among other things adjusted the interest rate charged on the BNP Funding Facility from an applicable London Interbank Offered Rate ("LIBOR") (subject to a floor of 0.45%) over a "base rate" (as defined in the BNP Funding Facility) plus a margin that generally ranged between 2.65% and 3.15% (depending on the types of assets such advances relate to), with a weighted average margin floor for all classes of advances of (i) 2.75% during the reinvestment period and (ii) 3.25% following the reinvestment period to an applicable LIBOR (subject to a floor of 0.00%) over a "base rate" (as defined in the BNP Funding Facility) plus a margin of (i) 1.80% during the reinvestment period and (ii) 2.30% following the reinvestment period. The other terms of the BNP Funding Facility remained materially unchanged.
The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to copies of the Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: Exhibit Number Description 10.1 Second Amendment to the Revolving Credit and
Security Agreement, dated as
ofJune 29, 2021 , amongARCC FB Funding LLC ,
as borrower, the lenders from
time to time parties thereto,BNP Paribas , as
administrative agent and
lender,Ares Capital Corporation , as
equityholder and servicer, and
Bank National Association , as collateral agent.
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