secwatch.observer — SEC 8-K summary
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Issuer:     Ares Management Corp (ARES)
CIK:        0001176948
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001628280-25-020055
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 2030, revolver increased to $1.84B
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- Maturity extended to April 22, 2030 via Amendment No. 13 to the credit agreement.
- Revolver commitments increased to $1,840,000,000; accordion feature $660M for total up to $2.5B.
- Swingline loan sub-limit set at $75,000,000.
- Applicable margins reduced: term benchmark/RFR loans from 0.750%-1.250% to 0.650%-1.150%.
- Unused commitment fee reduced from 0.060%-0.150% to 0.050%-0.0140%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176948/000162828025020055/0001628280-25-020055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176948/000162828025020055/ares-20250422.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-020055

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