secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2022-01-13T23:59:59+00:00
Accession:  0001628280-22-000900
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Commercial Real Estate extends Citi Facility to Jan 2025, adds SOFR pricing
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- Amendment extends Citi Facility expiration and funding availability by three years, until January 13, 2025.
- Seller may exercise two 12-month extensions, potentially extending maturity to January 13, 2027.
- Interest rate provisions modified to allow term SOFR or SOFR average for new loans, replacing LIBOR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828022000900/0001628280-22-000900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828022000900/acre-20220113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-000900

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer