---
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"
generated_at: "2026-05-24T12:28:28.310687+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ares Core Infrastructure subsidiary enters $228.1M credit agreement for 49% renewable energy stake

## Summary
- $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.

## SEC filing metadata
- accession: 0001628280-25-013805
- form_type: 8-K
- cik: 0002031750
- company_name: Ares Core Infrastructure Fund
- filed_at: 2025-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-013805
- JSON: https://secwatch.observer/filing/0001628280-25-013805.json
- Plain text: https://secwatch.observer/filing/0001628280-25-013805.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $15.6 million debt service letters of credit facility
  - Counterparty: MUFG Bank, LTD, as Administrative Agent, and BNP Paribas, as Collateral Agent
  - Rate: 1.75% multiplied by the stated amount of the LC, with a 0.125% step-up after thr
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2031750/000162828025013805/0001628280-25-013805-index.htm
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $228.108 million delayed draw term loan, of which $50.0 million was drawn
  - Counterparty: MUFG Bank, LTD, as Administrative Agent, and BNP Paribas, as Collateral Agent
  - Rate: SOFR plus 1.75%, with a 0.125% step-up after three years
  - Maturity: March 14, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2031750/000162828025013805/0001628280-25-013805-index.htm

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