{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-013805","form_type":"8-K","ticker":null,"cik":"0002031750","company_name":"Ares Core Infrastructure Fund","filed_at":"2025-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.838341+00:00","generated_at":"2026-05-24T12:28:28.310687+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Ares Core Infrastructure subsidiary enters $228.1M credit agreement for 49% renewable energy stake","bullets":["$228.1M delayed draw term loan with $50M initial draw; $15.6M debt service reserve LC facility.","Interest of SOFR + 1.75% (step-up to 1.875% after 3 years); mandatory maturity March 2030.","Loan secured by borrower's equity and assets; non-recourse to Ares Core Infrastructure Fund.","Proceeds fund 49% acquisition of Aspen Renewables from ENGIE entities.","Interest rate swaps fix 75% of floating exposure at ~4.0585% through March 2030."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-013805","json":"https://secwatch.observer/filing/0001628280-25-013805.json","markdown":"https://secwatch.observer/filing/0001628280-25-013805.md","text":"https://secwatch.observer/filing/0001628280-25-013805.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2031750/000162828025013805/0001628280-25-013805-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2031750/000162828025013805/aci-20250314.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T12:28:28.310687+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"09a50c087c893d280c9821f2bdb9737cda5a1174","claim":"Ares Core Infrastructure Fund incurred revolving credit of $15.6 million debt service letters of credit facility with MUFG Bank, LTD, as Administrative Agent, and BNP Paribas, as Collateral Agent at 1.75% multiplied by the stated amount of the LC, with a 0.125% step-up after thr.","evidence_excerpt":"The Aspen Credit Agreement is related to the Borrower’s investment in a portfolio company of the Fund and includes a $228.108 million delayed draw term loan (the “Aspen Term Loan”), of which $50.0 million was drawn, and a $15.6 million debt service letters of credit facility (“DSR LC Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2031750/000162828025013805/0001628280-25-013805-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$15.6 million debt service letters of credit facility"},{"label":"Counterparty","value":"MUFG Bank, LTD, as Administrative Agent, and BNP Paribas, as Collateral Agent"},{"label":"Rate","value":"1.75% multiplied by the stated amount of the LC, with a 0.125% step-up after thr"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f2146621f21d979579ba1473f4513b11eceebf00","claim":"Ares Core Infrastructure Fund incurred term loan of $228.108 million delayed draw term loan, of which $50.0 million was drawn with MUFG Bank, LTD, as Administrative Agent, and BNP Paribas, as Collateral Agent at SOFR plus 1.75%, with a 0.125% step-up after three years maturing March 14, 2030.","evidence_excerpt":"The Aspen Credit Agreement is related to the Borrower’s investment in a portfolio company of the Fund and includes a $228.108 million delayed draw term loan (the “Aspen Term Loan”), of which $50.0 million was drawn, and a $15.6 million debt service letters of credit facility (“DSR LC Facility”). Outstanding borrowings under the Aspen Term Loan bear interest annually at the SOFR plus 1.75%, with a 0.125% step-up after three years","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2031750/000162828025013805/0001628280-25-013805-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$228.108 million delayed draw term loan, of which $50.0 million was drawn"},{"label":"Counterparty","value":"MUFG Bank, LTD, as Administrative Agent, and BNP Paribas, as Collateral Agent"},{"label":"Rate","value":"SOFR plus 1.75%, with a 0.125% step-up after three years"},{"label":"Maturity","value":"March 14, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}