secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001628280-24-003512
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRE extends CNB revolving facility maturity to March 2025, adjusts rate to SOFR+3.25%
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- Maturity extended to March 10, 2025; one 12-month extension option available subject to fees and conditions.
- Interest rate set at SOFR+3.25% or base+2.25%, with an interest rate floor.
- Borrower is ACRC Lender LLC, a subsidiary; Ares Commercial Real Estate Corp is guarantor.
- Amendment entered January 31, 2024; filed as Exhibit 10.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828024003512/0001628280-24-003512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828024003512/acre-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003512

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