ARES STRATEGIC INCOME FUND: debt financing — Ares Strategic Income Fund expands SG Funding Facility to $1B; sells $18.8M Class I shares

ARES STRATEGIC INCOME FUND

Increased total commitments under SG Funding Facility from $500M to $1B; interest rate benchmark plus 2.60% per annum.
Converted $250M revolving loans to term loans due July 26, 2028; additional $100M auto-conversion on July 26, 2024.
Unregistered sale of 696,263 Class I common shares for $18.8M in December 2023.
Declared December distributions: $0.21430 gross per share for all classes; payable Jan 25, 2024 to holders of record Dec 29, 2023.
As of Nov 30, 2023: NAV $1.56B ($27.03/share), portfolio $2.42B fair value, debt $710M, leverage 0.46x; 94% first lien loans.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ARES STRATEGIC INCOME FUND amended credit facility of $1 billion total commitments (increased from $500 million), with $250 million of revolving loans converted to term loans with Société Générale at applicable benchmark (Term SOFR, Daily Simple SONIA, EURIBOR or CORRA) plus 2.60 maturing July 26, 2028 for term loans.

Instrument: credit facility
Principal: $1 billion total commitments (increased from $500 million), with $250 million of revolving loans converted to term loans
Counterparty: Société Générale
Rate: applicable benchmark (Term SOFR, Daily Simple SONIA, EURIBOR or CORRA) plus 2.60
Maturity: July 26, 2028 for term loans
Event: amendment

Exact text from the filing

thereto, and the document custodian party thereto. The SG Funding Facility Amendment, among other things, (a) increased the total commitments under the SG Funding Facility from $500 million to $1 billion, including commitments for up to $50 million of swingline loans subject to the terms of the SG Funding Facility Amendment (any usage of which reduces availability

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Source: SEC EDGAR

accession 0001104659-23-128464

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