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

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NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (NASDAQ: ARCC) announced today that it extended the maturity and reduced pricing on its existing $400 million revolving funding facility with Sumitomo Mitsui Banking Corporation. ARCC extended the reinvestment period by one year to September 14, 2017 and stated maturity by one year to September 14, 2022. The stated interest rate on the facility was changed from LIBOR plus 2.00% to either LIBOR plus 1.75% or LIBOR plus 2.00%, determined based o

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