阿瑞斯资本 2024年度报告

FORM 10-K ýANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2024ORoTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _____ to _____Commission File No. 814-00663__________________________________________________________________________ ARES CAPITAL CORPORATION (Exact name of registrant as specified in its charter) Maryland Securities registered pursuant to Section 12(b) of the Act: The NASDAQ Global Select Market Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ýNo o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes oNo ý Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days: Yes ýNo o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (Section §232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files). Yes ýNo o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”and “emerging growth company” in Rule 12b-2 of the Exchange Act: Large acceleratedfiler ýAccelerated filer oNon-accelerated filer oSmaller reporting company oEmerging GrowthCompany o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report. Yes ýNo o If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements. o Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes oNo ý The aggregate market value of the voting stock held by non-affiliates of the registrant on June 30, 2024, based on the closing price on thatdate of $20.84 on The NASDAQ Global Select Market, was approximately $13,066,189,804. As of January 28, 2025, there were671,481,609 shares of the registrant’s common stock outstanding. Portions of the registrant’s Proxy Statement for its 2025 Annual Meeting of Stockholders to be filed not later than 120 days after the end ofthe fiscal year covered by this Annual Report on Form 10-K are incorporated by reference into Part III of this Form 10-K. ARES CAPITAL CORPORATION TABLE OF CONTENTS Part I. Item 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety Disclosures Part II. Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities55Item 6. [Reserved]66Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations67Item 7A. Quantitative and Qualitative Disclosures about Market Risk98Item 8. Financial Statements and Supplementary Data100Item 9. Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure100Item 9A. Controls and Procedures100Item 9B. Other Information101Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections101 Part III. Item 10. Directors, Executive Officers and Corporate Governance102Item 11. Executive Compensation102Item 12. Security Ownership of Certain Beneficial Owners and Management and Related102 Stockholder MattersItem 13. Certain Relationships and Related Transactions, and Director Independence102Item 14. P