Every material Form 8-K ARES CAPITAL CORP has filed with the SEC since September 15, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ares Capital reported third quarter 2026 GAAP net income per share of $0.44, down from $0.57 a year earlier, and Core EPS of $0.46, down from $0.50. Total investment income fell to $763 million from $782 million, and net asset value per share was $19.31 at September 30, 2026, down from $19.94 at December 31, 2025. The board declared a fourth quarter dividend of $0.48 per share, the same as the prior-year quarter, and the company also disclosed a definitive agreement to acquire MidCap Financial Investment Corporation.
Q3 2026 GAAP net income was $319 million ($0.44 per share), versus $404 million ($0.57 per share) in Q3 2025
Q3 2026 Core EPS was $0.46, versus $0.50 in Q3 2025; net investment income was $328 million, versus $338 million
Net asset value per share was $19.31 at September 30, 2026, versus $19.94 at December 31, 2025
Fourth quarter 2026 dividend of $0.48 per share is payable December 29, 2026 to holders of record as of December 15, 2026
On October 26, 2026, Ares Capital signed a merger agreement to acquire MidCap Financial Investment Corporation (MFIC). MFIC stockholders would receive $1.21 per share in cash, paid by Ares Capital's investment adviser, plus Ares Capital stock, for total consideration of $10.88 per fully diluted MFIC share. Ares Capital says the deal is expected to be modestly accretive to its core earnings per share, but the closing depends on MFIC stockholder approval and other conditions, with a close expected in the first half of 2027.
Total consideration of $10.88 per MFIC share, including about $1.21 in cash and about $9.67 in Ares Capital stock, a 30.1% premium to MFIC's October 26, 2026 closing price
Stock portion depends on Ares Capital's price relative to its net asset value; the press release says Ares Capital may issue up to about 41 million shares
MFIC must pay a $31,360,000 termination fee in certain cases; no termination fee is payable by Ares Capital
Closing expected in the first half of 2027; Wells Fargo has agreed to provide $750 million of additional secured financing to support the deal
Ares Capital Corporation closed a $750 million offering of 6.250% unsecured notes due September 15, 2033, on September 15, 2026. The company said it expects to use the net proceeds to repay certain outstanding indebtedness under its credit facilities, and it may reborrow under those facilities for general corporate purposes, including investments in portfolio companies.
Notes: $750,000,000 principal, 6.250% annual interest paid semiannually, first payment March 15, 2027
Maturity September 15, 2033; redeemable in whole or part at the company's option
Concurrent interest rate swap with JPMorgan Chase Bank, N.A. converts the fixed rate to three-month SOFR plus 1.85250%, maturing September 15, 2033
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every ARES CAPITAL CORP filing is on SEC EDGAR ↗. 8-K briefs of other companies →