Summary of ARES CAPITAL CORP

Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial

Item 1.01. Entry into a Material Definitive Agreement

On July 22, 2008, Ares Capital Corporation ("ARCC") and Ares Capital CP Funding LLC, a wholly owned subsidiary of ARCC ("Ares Capital CP"), entered into an amendment to their financing facility (the "Amendment") with Wachovia Capital Markets, LLC and each of the other parties thereto. The Amendment, among other things, extended the expiration date of the financing facility from October 8, 2008 to July 21, 2009, decreased the availability and advance rates applicable to certain types of eligible loans, and made certain provisions of the financing facility more restrictive.

In connection with the Amendment, ARCC and Ares Capital CP also agreed to increase the commitment fee for unused portions of the facility from 0.125% to 0.50% and increase the interest rate payable on funding from the commercial paper rate plus 100 basis points to the commercial paper, eurodollar or adjusted eurodollar rate, as applicable, plus 250 basis points. Ares Capital also paid a renewal fee of $2.75 million, or 0.786%. Borrowings under the facility are subject to the leverage restrictions contained in the Investment Company Act of 1940, as amended.

Descriptions of the Amendment in this current report are qualified in their entirety by reference to a copy of such document that is filed as Exhibit 10.1 and incorporated by reference herein.

Item 7.01. Regulation FD Disclosure.

On July 24, 2008, the registrant issued a press release, filed herewith as Exhibit 99.1 and by this reference incorporated herein.

The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d)                                         Exhibits:



Exhibit Number                               Description

10.1             Amendment No. 10 to Sale and Servicing Agreement, dated as of
                 July 22, 2008, by and among Ares Capital CP Funding LLC, Ares
                 Capital Corporation, each of the conduit purchasers and
                 institutional purchasers from time to time party thereto, each of
                 the purchaser agents from time to time party thereto, Wachovia
                 Capital Markets, LLC, as administrative agent and purchaser agent
                 with respect to Variable Funding Capital Company LLC as conduit
                 purchaser, U.S. Bank National Association, as trustee, and
                 Lyon Financial Services, Inc. (D/B/A U.S. Bank Portfolio Services),
                 as the backup servicer.

99.1             Press Release, dated as of July 24, 2008.