Ares Commercial Real Estate cuts minimum tangible net worth covenant to $400M across three repo facilities

Ares Commercial Real Estate Corp

On October 5, 2026, ACRE and wholly owned subsidiaries amended repurchase facilities with Citibank, N.A., Morgan Stanley Bank, N.A. and Wells Fargo Bank, National Association.
Minimum tangible net worth requirement under each facility reduced from $500 million to $400 million.
Only the Wells Fargo Facility adds 80% of net proceeds from future ACRE equity issuances on top of the $400 million threshold.
Filing signed October 9, 2026 by Jeffrey M. Gonzales, Chief Financial Officer and Treasurer; no pricing, maturity or borrowing-capacity changes disclosed.

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