On March 28, 2024, Ares Capital Corporation and Ares Capital JB Funding LLC, a wholly owned subsidiary of the Registrant, entered into an amendment to the documents governing ACJB LLC?s revolving funding facility (the ?SMBC Funding Facility?) with Sumitomo Mitsui Banking Corporation and each of the other parties thereto. The SMBC Amendment, among other things, (a) extended the reinvestment period from May 28, 2024 to March 28, 2027; (b) extended the stated maturity date from May 28, 2026 to March 28, 2029; and (c) adjusted the interest rate charged on the SMBC Funding Facility from an applicable spread of either (i) 1.75% or 2.00% over one month SOFR plus a credit spread adjustment of 0.10% or (ii) 0.75% or 1.00% over a ?base rate? (as defined in the agreements governing the SMBC Funding Facility) to an applicable spread of either (x) 2.50% over one month SOFR or (y) 1.50% over a ?base rate?

(as defined in the agreements governing the SMBC Funding Facility).