---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-022155"
form_type: "8-K"
ticker: "ARES"
cik: "0001176948"
company_name: "Ares Management Corp"
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:06:15.123251+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ares Management enters $400M term loan facility; proceeds for refinancing, corporate purposes

## Summary
- Ares Holdings L.P. borrowed $400M under 3-year term loan maturing March 27, 2029; fully funded at closing.
- Interest is floating at Term SOFR plus margin (0.75%-1.25%) or Base Rate plus margin (0%-0.25%), based on Ares Parent's credit ratings.
- Net debt to Adjusted EBITDA covenant not exceeding 4.00x; AUM must remain at or above $179.8B.
- Proceeds to refinance existing debt, pay fees, and fund working capital and general corporate purposes.
- Guarantees from certain subsidiaries; Bank of America, N.A. as administrative agent and BofA Securities as lead arranger.

## SEC filing metadata
- accession: 0001628280-26-022155
- form_type: 8-K
- ticker: ARES
- cik: 0001176948
- company_name: Ares Management Corp
- filed_at: 2026-03-31T23:59:59+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/1176948/000162828026022155/0001628280-26-022155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176948/000162828026022155/ares-20260327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-022155
- JSON: https://secwatch.observer/filing/0001628280-26-022155.json
- Plain text: https://secwatch.observer/filing/0001628280-26-022155.txt

## Source-grounded claims
- claim_id: 3cba9d6bf14cf063c49469a66a38db5b476c73a9
  claim: Ares Management Corp incurred term loan of $400 million with Bank of America, N.A. at Term SOFR Rate plus an applicable margin or Base Rate plus an applicable margin, maturing March 27, 2029.
  evidence_excerpt: On March 27, 2026 (the “Closing Date”), Ares Holdings L.P., a Delaware limited partnership (“Ares Holdings” or the “Borrower”) and certain subsidiaries of Ares Management Corporation (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among Ares Holdings, as borrower, the subsidiaries of the Company party thereto, as guarantors, the lenders party thereto and Bank of America, N.A., as administrative agent, that provides a term loan facility in an aggregate commitment amount of $400 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1176948/000162828026022155/0001628280-26-022155-index.htm
- claim_id: 16dbd0a3e529c512cf173ea49d7e67637df4e0be
  claim: Ares Management Corp entered into Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $400 million (effective 2026-03-27).
  evidence_excerpt: On March 27, 2026 (the “Closing Date”), Ares Holdings L.P., a Delaware limited partnership (“Ares Holdings” or the “Borrower”) and certain subsidiaries of Ares Management Corporation (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among Ares Holdings, as borrower, the subsidiaries of the Company party thereto, as guarantors, the lenders party thereto and Bank of America, N.A., as administrative agent, that provides a term loan facility in an aggregate commitment amount of $400 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1176948/000162828026022155/0001628280-26-022155-index.htm

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