Ares Core Infrastructure Fund: debt financing — 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.

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 Core Infrastructure Fund incurred credit facility of $334.75 million delayed draw term loan, of which $184.75 million was drawn with Canadian Imperial Bank of Commerce, New York Branch, as Administrative Agent at SOFR plus 1.50% maturing July 28, 2030.

Instrument: credit facility
Principal: $334.75 million delayed draw term loan, of which $184.75 million was drawn
Counterparty: Canadian Imperial Bank of Commerce, New York Branch, as Administrative Agent
Rate: SOFR plus 1.50%
Maturity: July 28, 2030
Event: incurrence

Exact text from the filing

”), ACI Tango Member, LLC, as borrower (the “Borrower”), and ACI Tango Holdings, LLC, as pledgor (the “Pledgor”), each a wholly-owned subsidiary of Ares Core Infrastructure Fund (the “Fund”), entered into a Credit Agreement (the “Tango Credit Agreement”) with Canadian Imperial Bank of Commerce, New York Branch, as Administrative Agent (“CIBC”), U.S.

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Source: SEC EDGAR

accession 0001628280-25-037214

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