ACRE upsizes term loan to $150M, cuts pricing, extends maturity to 2026; CNB facility raised to $75M

Ares Commercial Real Estate Corp

Term loan increased from $60M to $150M; initial fixed rate 4.50% (down from LIBOR+5.75%).
Term loan maturity extended to November 2026; prepayment premium applies for first 36 months.
CNB revolving facility increased from $50M to $75M; accordion feature removed.
Proceeds used for new loan originations, portfolio growth, and working capital.
CEO cites cost savings from direct execution using internal manager resources.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.