8-K
filed April 14, 2025, 7:59 PM ET
CIK 0001918712
debt
confidence high
sentiment positive
materiality 0.75
ARES STRATEGIC INCOME FUND: debt financing — Ares Strategic Income Fund amends SB facility and closes $499M CLO securitization
ARES STRATEGIC INCOME FUND
- SB facility: reinvestment period extended to Oct 2027, maturity to Apr 2034; margin reduced to SOFR+1.90%/2.20%.
- Completed $499.1M ADL CLO 5: $275M secured notes (SOFR+1.38% to +1.70%) and $75M secured loans (SOFR+1.38%).
- Fund retained $149.1M subordinated notes (eliminated on consolidation); management fees on those notes waived.
- Net proceeds will repay outstanding indebtedness under existing debt facilities.
- Commitment fee on SB facility adjusted to 0.50%-1.00% based on unused commitments after July 8, 2025.
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 incurred senior notes of $15.0 million at Term SOFR plus 1.60% maturing April 20, 2038.
- Instrument
- senior notes
- Principal
- $15.0 million
- Rate
- Term SOFR plus 1.60%
- Maturity
- April 20, 2038
- Event
- incurrence
Exact text from the filing
$15.0 million of Class A-2 Senior Floating Rate Notes that were issued to third parties and bear interest at Term SOFR plus 1.60%
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ARES STRATEGIC INCOME FUND incurred senior notes of $210.0 million at Term SOFR (as defined in the April 2038 CLO Indenture) plus 1.38% maturing April 20, 2038.
- Instrument
- senior notes
- Principal
- $210.0 million
- Rate
- Term SOFR (as defined in the April 2038 CLO Indenture) plus 1.38%
- Maturity
- April 20, 2038
- Event
- incurrence
Exact text from the filing
$210.0 million of Class A-1 Senior Floating Rate Notes that were issued to third parties and bear interest at Term SOFR (as defined in the April 2038 CLO Indenture) plus 1.38%
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ARES STRATEGIC INCOME FUND amended credit facility with The Bank of Nova Scotia at SOFR plus an applicable margin of (i) 1.90% during the reinvestment period and ( maturing April 8, 2034.
- Instrument
- credit facility
- Counterparty
- The Bank of Nova Scotia
- Rate
- SOFR plus an applicable margin of (i) 1.90% during the reinvestment period and (
- Maturity
- April 8, 2034
- Event
- amendment
Exact text from the filing
The SB Funding Facility Amendment, among other things, (a) extended the reinvestment period from September 1, 2026 to October 8, 2027, (b) extended the stated maturity date from March 1, 2033 to April 8, 2034, (c) adjusted the interest rate charged on the SB Funding Facility from Secured Overnight Financing Rate (“SOFR”) plus an applicable margin of (i) 2.10% during the reinvestment period and (ii) 2.40% following the reinvestment period to SOFR plus an applicable margin of (i) 1.90% during the reinvestment period and (ii) 2.20% following the reinvestment period
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ARES STRATEGIC INCOME FUND incurred term loan of $75.0 million with U.S. Bank Trust Company, National Association at Term SOFR (as defined in the April 2038 CLO Credit Agreement) plus 1.38% maturing April 20, 2038.
- Instrument
- term loan
- Principal
- $75.0 million
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- Term SOFR (as defined in the April 2038 CLO Credit Agreement) plus 1.38%
- Maturity
- April 20, 2038
- Event
- incurrence
Exact text from the filing
ADL CLO 5 incurred $75.0 million of Class A-1A Loans that mature on April 20, 2038 (the “April 2038 CLO Secured Loans”), under a Class A-1A Credit Agreement (the “April 2038 CLO Credit Agreement”), dated as of the Closing Date, by and among ADL CLO 5, as borrower, the lender party thereto, and U.S. Bank Trust Company, National Association (“U.S. Bank”), as loan agent and collateral trustee. The April 2038 CLO Secured Loans bear interest at Term SOFR (as defined in the April 2038 CLO Credit Agreement) plus 1.38%.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ARES STRATEGIC INCOME FUND incurred senior notes of $50.0 million at Term SOFR plus 1.70% maturing April 20, 2038.
- Instrument
- senior notes
- Principal
- $50.0 million
- Rate
- Term SOFR plus 1.70%
- Maturity
- April 20, 2038
- Event
- incurrence
Exact text from the filing
$50.0 million of Class B Senior Floating Rate Notes that were issued to third parties and bear interest at Term SOFR plus 1.70%
View on SEC.gov
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