Ares Capital extends credit agreement to 2024, reduces pricing

By Wendy Van Sickle

Columbus, Ohio, March 26 – Ares Capital Corp. amended its credit facility dated April 21, 2014 to extend the maturity date to March 21, 2024, according to an 8-K filing with the Securities and Exchange Commission.

The March 21 amendment also reduces drawn and undrawn pricing and revises the financial covenant related to assets under management.

JPMorgan Chase Bank, NA is the administrative agent.

The specialty finance company is based in New York.

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