{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-034414","form_type":"8-K","ticker":"ACRE","cik":"0001529377","company_name":"Ares Commercial Real Estate Corp","filed_at":"2025-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.240113+00:00","generated_at":"2026-05-18T09:16:14.300877+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Ares Commercial Real Estate amends Morgan Stanley repo facility: commitment cut to $150M, maturity extended to 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-034414","json":"https://secwatch.observer/filing/0001628280-25-034414.json","markdown":"https://secwatch.observer/filing/0001628280-25-034414.md","text":"https://secwatch.observer/filing/0001628280-25-034414.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529377/000162828025034414/0001628280-25-034414-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529377/000162828025034414/acre-20250630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:16:14.300877+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":"b146010188a7b5ac5ef42fddf97bc1ae1d000b79","claim":"Ares Commercial Real Estate Corp incurred credit facility of $150 million with Morgan Stanley Bank, N.A. maturing July 16, 2026.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529377/000162828025034414/0001628280-25-034414-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$150 million"},{"label":"Counterparty","value":"Morgan Stanley Bank, N.A."},{"label":"Maturity","value":"July 16, 2026"},{"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"}