Ares Capital Completes $1 Billion CLO Debt Securitization

Reuters12-10
Ares Capital Completes $1 Billion CLO Debt Securitization

Ares Capital Corporation, through its wholly owned subsidiary Ares Direct Lending CLO 7 LLC, has completed a $1.0 billion term debt securitization, also known as a collateralized loan obligation (CLO). The transaction, finalized on December 3, 2025, involves the issuance of secured notes backed by a diversified portfolio of first lien senior secured loans contributed by Ares Capital Corporation. The net proceeds are expected to be used to repay outstanding debt and make new investments in line with the company's objectives. The CLO notes, governed by an indenture maturing in January 2038, are not registered under the Securities Act and will not be offered publicly in the United States. Ares Capital Management LLC will serve as asset manager for the CLO, and U.S. Bank Trust Company will act as collateral administrator.

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