Ares Commercial Real Estate extends Citi repurchase facility to Jan 13, 2022; negotiating multi-year renewal

Ares Commercial Real Estate Corp

Extended Citi repurchase facility expiration and funding availability period to January 13, 2022.
Amendment facilitates documenting a multi-year extension, but no assurance it will be consummated.
Facility maturity subject to two 12-month options; if both exercised, extends to Dec 13, 2023.

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