Ares Capital unit ADL CLO 1 issues $483.1 million July 2038 CLO notes, adds $139 million term loan in reset transaction

Reuters2026/07/22 21:24

By:Reuters

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Ares Capital refinanced ADL CLO 1 with a $483.1 million issuance of July 2038 CLO Notes.
Deal included $267 million Class A-1-R notes at Term SOFR + 1.46%, $24.5 million Class A-2-R at Term SOFR + 1.7%.
Also issued $45.5 million Class B-R notes at Term SOFR + 1.9%, $232.7 million Subordinated Notes due July 2038.
ADL CLO 1 also raised $139 million of Class A-1-LR term loans at Term SOFR + 1.46%, maturing July 25, 2038.
Proceeds redeemed $476 million of existing 2036 Class A and Class B senior secured floating rate notes, funded accounts, paid fees.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ares Capital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-085912), on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ares Capital unit ADL CLO 1 issues $483.1 million July 2038 CLO notes, adds $139 million term loan in reset transaction

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