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 maximum of $2.5 billion with Société Générale at an applicable margin of (i) with respect to term loans under the SG Funding Faci maturing August 1, 2030.
- Instrument
- credit facility
- Principal
- maximum of $2.5 billion
- Counterparty
- Société Générale
- Rate
- an applicable margin of (i) with respect to term loans under the SG Funding Faci
- Maturity
- August 1, 2030
- Event
- amendment
Exact text from the filing
The SG Funding Facility Amendment, among other things, (a) extended the reinvestment period for the SG Funding Facility from August 28, 2027 to August 1, 2028; (b) extended the stated maturity date for the SG Funding Facility from August 28, 2029 to August 1, 2030; (c) adjusted the interest rate charged on the SG Funding Facility from an applicable margin of 2.05% per annum to an applicable margin of (i) with respect to term loans under the SG Funding Facility, 1.85% per annum, and (ii) with respect to revolving loans under the SG Funding Facility, 1.90% per annum, plus, in each case, an applicable benchmark (Term SOFR, Daily Simple SONIA, EURIBOR or CORRA); and (d) increased the “accordion” feature that allows the Borrower, under certain circumstances, to increase the overall size of the SG Funding Facility from a maximum of $2.0 billion to a maximum of $2.5 billion.
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