secwatch.observer — SEC 8-K summary
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Issuer:     Ares Management Corp (ARES)
CIK:        0001176948
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001628280-24-014594
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Management amends credit facility: maturity extended to 2029, revolver raised to $1.4B
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- Maturity of $1.4B revolver extended to March 28, 2029; accordion increased to $600M for aggregate capacity up to $2.0B.
- Sustainability-linked metrics modified for unused commitment fee and applicable margin adjustments.
- Certain covenant restrictions and technical provisions amended as part of Amendment No. 12.
- Borrower is Ares Holdings L.P.; JPMorgan Chase Bank, N.A. remains agent; multiple lenders party.
- Amendment effective March 28, 2024; conditions precedent satisfied including lender approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176948/000162828024014594/0001628280-24-014594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176948/000162828024014594/ares-20240328.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-014594

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