---
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"
generated_at: "2026-05-18T09:16:14.300877+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ares Commercial Real Estate amends Morgan Stanley repo facility: commitment cut to $150M, maturity extended to 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-034414
- JSON: https://secwatch.observer/filing/0001628280-25-034414.json
- Plain text: https://secwatch.observer/filing/0001628280-25-034414.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828025034414/0001628280-25-034414-index.htm

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