Ares Commercial Real Estate Corp (ACRE): debt financing — Ares Commercial Real Estate amends Morgan Stanley repo facility: commitment cut to $150M, maturity extended to 2026

Ares Commercial Real Estate Corp

Reduced facility commitment from $250M to $150M; accordion provision allows increase back to $250M.
Extended initial maturity to July 16, 2026; one 12-month extension to July 2027 possible with Morgan Stanley consent.
Extension fee of $375,000 payable; upsize fee of 0.25% of Preapproved Accordion Amount if increased.
Amendment dated June 30, 2025 with Morgan Stanley Bank, N.A.; subsidiary sellers and guarantor.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ares Commercial Real Estate Corp incurred credit facility of $150 million with Morgan Stanley Bank, N.A. maturing July 16, 2026.

Instrument: credit facility
Principal: $150 million
Counterparty: Morgan Stanley Bank, N.A.
Maturity: July 16, 2026
Event: incurrence

Exact text from the filing

Bank, N.A., subject to the satisfaction of certain conditions and the payment of an extension fee. The amendment also reduced the facility commitment from $250 million to $150 million and includes an accordion provision such that the facility commitment may be increased by an additional $100 million to up to $250 million, subject to the satisfaction of certain

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Source: SEC EDGAR

accession 0001628280-25-034414

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