ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.: debt financing — Ares Industrial REIT amends credit facility with new $600M term loan; Feb NAV rises to $12.8484

ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.

Added $600M Second Term Facility under Amended Credit Facility; total capacity up to $2.9B.
Revolving Credit Facility maturity extended to March 2029 with one-year extension option.
NAV per share Feb 28, 2025: $12.8484, up from $12.8086 on Jan 31, 2025.
Portfolio 94.6% occupied (95.2% leased) across 255 industrial buildings (54.7M sq ft).
Monthly distribution maintained at $0.05 per share; raised $89.4M gross proceeds quarter-to-date.

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 INDUSTRIAL REAL ESTATE INCOME TRUST Inc. amended revolving credit of $1.0 billion with Wells Fargo Bank, National Association maturing March 11, 2029.

Instrument: revolving credit
Principal: $1.0 billion
Counterparty: Wells Fargo Bank, National Association
Maturity: March 11, 2029
Event: amendment

Exact text from the filing

the Credit Facility Agreement reflected in the Amended Credit Facility Agreement. The Amended Credit Facility Agreement provides for a revolving credit facility of an existing $1.0 billion (the “Revolving Credit Facility”), an existing $550.0 million term loan (the “First Term Facility”) and a new $600.0 million term loan (the “Second Term Facility”), which

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

ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. incurred term loan of $600.0 million with Wells Fargo Bank, National Association at Adjusted Term SOFR, plus a margin ranging from 1.20% to 1.90% maturing March 11, 2028.

Instrument: term loan
Principal: $600.0 million
Counterparty: Wells Fargo Bank, National Association
Rate: Adjusted Term SOFR, plus a margin ranging from 1.20% to 1.90%
Maturity: March 11, 2028
Event: incurrence

Exact text from the filing

a new $600.0 million term loan (the "Second Term Facility"), which refinanced the other existing term loan of the Company.

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Source: SEC EDGAR

accession 0001625941-25-000011

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