---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-032214"
form_type: "8-K"
ticker: "ACRE"
cik: "0001529377"
company_name: "Ares Commercial Real Estate Corp"
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:30:34.413940+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ares Commercial Real Estate extends Wells Fargo repurchase facility to Dec 2025, modifies pricing

## Summary
- Initial maturity extended to Dec 15, 2025; two one-year extension options to Dec 2026 and Dec 2027.
- Interest rate changed to one-month LIBOR or SOFR plus margin of 1.50% to 3.75%.
- Amendment eliminates benchmark replacement adjustment for SOFR on benchmark transition event.
- ACRC Lender W must use commercially reasonable efforts to dismiss pending Cook County, IL litigation (Case No. 2021-M1-400491).

## SEC filing metadata
- accession: 0001628280-22-032214
- form_type: 8-K
- ticker: ACRE
- cik: 0001529377
- company_name: Ares Commercial Real Estate Corp
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529377/000162828022032214/0001628280-22-032214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529377/000162828022032214/acre-20221214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-032214
- JSON: https://secwatch.observer/filing/0001628280-22-032214.json
- Plain text: https://secwatch.observer/filing/0001628280-22-032214.txt

## Key facts
- Debt Financings
  Ares Commercial Real Estate Corp amended credit facility with Wells Fargo Bank, National Association at one-month LIBOR or SOFR, as applicable, plus a pricing margin which ranges from maturing December 15, 2025.
  - Instrument: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: one-month LIBOR or SOFR, as applicable, plus a pricing margin which ranges from
  - Maturity: December 15, 2025
  - Event: amendment
  source text: On December 14, 2022, ACRC Lender W LLC and ACRC Lender W TRS LLC (collectively, “ACRC Lender W”), each a subsidiary of Ares Commercial Real Estate Corporation, entered into Amendment No. 1 to the Third Amended and Restated Master Repurchase and Securities Contract (the “Wells Facility”) with Wells Fargo Bank, National Association (“Wells”). The purpose of the amendment was to, among other things, extend the initial maturity date and funding period of the Wells Facility to December 15, 2025 and modify the interest rate on advances under the Wells Facility to a rate of one-month LIBOR or SOFR, as applicable, plus a pricing margin which ranges from 1.50% to 3.75% (or as otherwise agreed in the related confirmation).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828022032214/0001628280-22-032214-index.htm
- Material Agreements
  Ares Commercial Real Estate Corp amended Wells Facility with Wells Fargo Bank, National Association (effective 2022-12-14).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Effective: 2022-12-14
  source text: On December 14, 2022, ACRC Lender W LLC and ACRC Lender W TRS LLC (collectively, “ACRC Lender W”), each a subsidiary of Ares Commercial Real Estate Corporation, entered into Amendment No. 1 to the Third Amended and Restated Master Repurchase and Securities Contract (the “Wells Facility”) with Wells Fargo Bank, National Association (“Wells”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828022032214/0001628280-22-032214-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.