---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-065542"
form_type: "8-K"
ticker: "ACRE"
cik: "0001529377"
company_name: "Ares Commercial Real Estate Corp"
filed_at: "2026-10-09T20:32:32+00:00"
generated_at: "2026-10-12T15:05:37.704858+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-065542
- form_type: 8-K
- ticker: ACRE
- cik: 0001529377
- company_name: Ares Commercial Real Estate Corp
- filed_at: 2026-10-09T20:32:32+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529377/000162828026065542/0001628280-26-065542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529377/000162828026065542/acre-20261005.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-065542
- JSON: https://secwatch.observer/filing/0001628280-26-065542.json
- Plain text: https://secwatch.observer/filing/0001628280-26-065542.txt

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