debt
confidence high
sentiment neutral
materiality 0.70
Ares Management Corporation amends credit facility; extends maturity to 2027, increases revolver commitments to $1.275B
Ares Management Corp
- Revolver commitments increased to $1,275,000,000 with accordion feature for additional $375,000,000.
- Maturity of credit facility extended to March 31, 2027 via Amendment No. 11.
- LIBOR replaced with Term SOFR plus credit spread adjustment; applicable margin reduced under certain ratings.
- Sustainability-linked provisions adjust margin and fees based on ESG targets including greenhouse gas and diversity metrics.