Ares Core Infrastructure Fund: debt financing — Ares Core Infrastructure Fund acquires Rover Pipeline subsidiaries, assumes ~$1.09B term loan debt

Ares Core Infrastructure Fund

Fund acquired two wholly owned indirect subsidiaries (BCP Renaissance Parent and BCP Renaissance) that are borrowers under the Rover Credit Agreement.
Senior secured term loan B facility has ~$1.09B outstanding as of March 31, 2026; interest is SOFR + 2.25% (1.00% floor) or Base Rate + 1.25% (2.00% floor).
Quarterly principal payments of 0.25% of outstanding; final maturity October 31, 2031.
Fund also executed interest rate swap with Morgan Stanley on $750M at fixed 3.7566% through June 30, 2026.
Debt is secured by equity interests of subsidiary and 49.9% of ET Rover Pipeline LLC, and is non-recourse to Fund.

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 term loan of approximately $1.09 billion with Rover Credit Agreement at SOFR plus 2.25% maturing October 31, 2031.

Instrument: term loan
Principal: approximately $1.09 billion
Counterparty: Rover Credit Agreement
Rate: SOFR plus 2.25%
Maturity: October 31, 2031
Event: incurrence

Exact text from the filing

On April 28, 2026, in connection with an investment in a portfolio company, Ares Core Infrastructure Fund (the “Fund”) acquired two wholly owned indirect subsidiaries, BCP Renaissance Parent L.L.C. (the “Rover Borrower”) and BCP Renaissance, L.L.C. (the “ Rover Borrower Subsidiary”), who are parties to a Credit Agreement, dated as of October 31, 2017 (as amended, the “Rover Credit Agreement”).

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Source: SEC EDGAR

accession 0001628280-26-029840

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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.