Ares Core Infrastructure Fund subsidiary obtains $334.75M delayed draw term loan; $184.75M drawn

Ares Core Infrastructure Fund

ACI Tango Member, LLC entered $334.75M delayed draw term loan with CIBC as admin agent; $184.75M drawn on July 28, 2025.
Interest rate: SOFR + 1.50% (or Base Rate + 0.50%), step-up of 0.125% after 3 years; commitment fee 0.50% on undrawn.
Also entered $18.8M debt service reserve LC facility; LC fee 1.50% p.a. with step-up.
Entered interest rate swaps fixing 75% of borrowings at all-in fixed rate of 4.158% through July 28, 2030.
Loan secured by first-priority pledge on borrower equity and assets; non-recourse to upstream affiliates except pledge.

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