ARES STRATEGIC INCOME FUND: debt financing — Ares Strategic Income Fund ups credit facility to $1.75B, extends maturity to 2029

ARES STRATEGIC INCOME FUND

Aggregate commitment increased from $800M to $1.75B; option to further increase to $2.625B.
Maturity extended to April 15, 2029; revolving period extended to April 15, 2028.
Interest rate: SOFR + 0.10% credit spread +1.75%-1.875% margin, or ABR +0.75%-0.875%.
Commitment fee of 0.375% per annum on unused portion; $100M sub-limits for LCs and swingline loans.
Secured by portfolio assets; JPMorgan Chase is administrative agent; Wells Fargo, SMBC, Truist, Barclays, RBC are syndication agents.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ARES STRATEGIC INCOME FUND amended credit facility of $1.75 billion with JPMorgan Chase Bank, N.A. (administrative agent) and the lenders party thereto at SOFR plus a credit spread adjustment of 0.10% plus an applicable spread of eithe maturing April 15, 2029.

Instrument: credit facility
Principal: $1.75 billion
Counterparty: JPMorgan Chase Bank, N.A. (administrative agent) and the lenders party thereto
Rate: SOFR plus a credit spread adjustment of 0.10% plus an applicable spread of eithe
Maturity: April 15, 2029
Event: amendment

Exact text from the filing

from December 20, 2026 and December 20, 2027, respectively, to April 15, 2028 and April 15, 2029, respectively, (b) increased the aggregate commitment from $800.0 million to $1.75 billion, and (c) modified certain covenant restrictions. The A&R Credit Facility also provides for a feature that allows the Fund, under certain circumstances, to increase the overall

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

ARES STRATEGIC INCOME FUND amended A&R Credit Facility with JPMorgan Chase Bank, N.A. valued at aggregate commitment from $800.0 million to $1.75 billion (effective 2024-04-15).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: aggregate commitment from $800.0 million to $1.75 billion
Effective: 2024-04-15

Exact text from the filing

On April 15, 2024, Ares Strategic Income Fund (the “Fund”) amended and restated its senior secured credit agreement with JPMorgan Chase Bank, N.A. who serves as administrative agent and the lenders party thereto (as amended and restated, the “A&R Credit Facility”).

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Source: SEC EDGAR

accession 0001104659-24-049448

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