Ares Capital Corporation Extends Maturity and Reduces Pricing on Revolving Funding Facility

Ares Capital Corporation

announced today that its indirect wholly owned subsidiary, Ares Capital CP Funding LLC, amended its $500 million revolving funding facility provided by Wells Fargo Bank, National Association. The Facility's reinvestment period has been extended one year to January 18, 2015 and its final maturity has been extended one year to January 18, 2017. In addition, the stated interest rate on the Facility was reduced from the current borrowing rate of LIBOR plus 2.75% subject to a pricing grid to LIBOR plus 2.50% without a pricing grid. The Facility will continue to have no LIBOR floor requirement.