debt
confidence high
sentiment neutral
materiality 0.40
Ares Real Estate Income Trust enters into $2.0B amended credit facility with $1.0B revolver and $1.0B term loans
Ares Real Estate Income Trust Inc.
- Amended and restated credit facility includes $1.0B revolving line, $700M A-1 term loan, and $300M A-2 term loan, total $2.0B.
- Facility matures June 18, 2029, with one 12-month extension option; interest based on SOFR plus 1.20%-2.00% margin.
- Aggregate outstanding borrowings unchanged; facility can be increased up to $2.5B subject to lender commitments.
- Annual meeting of stockholders convened June 25, 2025, but adjourned without opening polls to July 29, 2025 for proxy solicitation.
item 1.01item 2.03item 5.07item 9.01