Ares Core Infrastructure Fund: debt financing — Ares Core Infrastructure Fund amends Aspen credit agreement; adds $249.9M delayed draw loan

Ares Core Infrastructure Fund

Adds $249.9M delayed draw term loan (undrawn on effective date) and $16.1M debt service LC facility (fully utilized).
Total term loan facility now $478.01M; total LC facility now $31.70M.
Interest rate on outstanding term loans decreased from SOFR+1.75% to SOFR+1.625% through March 2028, then steps up.
Commitment fee on undrawn DDTL commitments is 0.60% annually; LC fee rate decreased from 1.725% to 1.625%.
Amendment also supports the Sierra acquisition; other terms of the credit agreement remain materially unchanged.

item 1.01 item 2.03 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 0.9

Ares Core Infrastructure Fund amended credit facility with MUFG Bank, LTD, as Administrative Agent at SOFR plus 1.625%.

Instrument: credit facility
Counterparty: MUFG Bank, LTD, as Administrative Agent
Rate: SOFR plus 1.625%
Event: amendment

Exact text from the filing

the interest rate charged on outstanding term loans under the Aspen Credit Agreement for the period from Amendment Effective Date until March 14, 2028, decreased from SOFR (as defined in the Aspen Credit Agreement) plus 1.75% to SOFR plus 1.625%

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

Ares Core Infrastructure Fund incurred term loan of $249.90 million delayed draw term loan with MUFG Bank, LTD, as Administrative Agent.

Instrument: term loan
Principal: $249.90 million delayed draw term loan
Counterparty: MUFG Bank, LTD, as Administrative Agent
Event: incurrence

Exact text from the filing

The Aspen Facility Amendment, among other things, provides for an additional (A) $249.90 million delayed draw term loan (the "First Amendment DDTL"), of which $0 was drawn as of the Amendment Effective Date

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ares Core Infrastructure Fund amended Aspen Facility Amendment with MUFG Bank, LTD (as Administrative Agent) and BNP Paribas (as Collateral Agent) valued at $249.90 million (effective 2026-03-13).

Action: amendment
Agreement: credit facility
Counterparty: MUFG Bank, LTD (as Administrative Agent) and BNP Paribas (as Collateral Agent)
Value: $249.90 million
Effective: 2026-03-13

Exact text from the filing

On March 13, 2026 (the “Amendment Effective Date”), Ares Aspen Member LLC as borrower (the “Borrower”) and Ares Aspen Holdings LLC as pledgor (the “Pledgor”), each a wholly-owned subsidiary of Ares Core Infrastructure Fund (the “Fund”), entered into the First Amendment to Credit Agreement and First Amendment to Pledge and Security Agreement (the “Aspen Facility Amendment”)

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Source: SEC EDGAR

accession 0001104659-26-032067

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