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Ares Capital ups commitments under revolving funding facility

Ares Capital Corp. and unit Ares Capital JB Funding LLC amended their revolving funding facility with Sumitomo Mitsui Banking Corp. to increase the commitments to $500 million from $400 million.

The companies also extended the reinvestment period to Sept. 10, 2022, from Sept. 14, 2019. The facility can be upsized to $800 million.