secwatch.observer — SEC 8-K summary
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Issuer:     Ares Management Corp (ARES)
CIK:        0001176948
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001628280-26-022155
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176948/000162828026022155/0001628280-26-022155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176948/000162828026022155/ares-20260327.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-022155

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