ARES STRATEGIC INCOME FUND: debt financing — Ares Strategic Income Fund expands SG funding facility to $1.2B, appoints Paul Cho as CAO

ARES STRATEGIC INCOME FUND

SG Funding Facility commitments increased from $1.0B to $1.2B; up to $130M swingline loans available.
Paul Cho appointed Chief Accounting Officer effective February 15, 2024; also CAO of Ares Capital Corporation.
Three new lenders joined: Hamburg Commercial Bank, Sumitomo Mitsui Trust Bank (NY branch), and Silicon Valley Bank (First-Citizens).
Other terms of the facility remained materially unchanged per the amendment.

item 1.01 item 2.03 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Paul Cho

Chief Accounting Officer

ARES STRATEGIC INCOME FUND

Effective: 2024-02-15
Filed: February 13, 2024, 6:59 PM ET

On February 7, 2024, the Fund’s board of trustees appointed Paul Cho, age 41, as Chief Accounting Officer, effective as of February 15, 2024.

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 STRATEGIC INCOME FUND amended credit facility of $1.2 billion with Société Générale.

Instrument: credit facility
Principal: $1.2 billion
Counterparty: Société Générale
Event: amendment

Exact text from the filing

The SG Funding Facility Amendment, among other things, increased the total commitments under the SG Funding Facility from $1.0 billion to $1.2 billion

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Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Cho was appointed as Chief Accounting Officer at ARES STRATEGIC INCOME FUND.

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

On February 7, 2024, the Fund’s board of trustees appointed Paul Cho, age 41, as Chief Accounting Officer, effective as of February 15, 2024.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ARES STRATEGIC INCOME FUND amended SG Funding Facility Amendment with Société Générale valued at increased the total commitments under the SG Funding Facility from $1.0 billion to $1.2 billion (effective 2024-02-09).

Action: amendment
Agreement: credit facility
Counterparty: Société Générale
Value: increased the total commitments under the SG Funding Facility from $1.0 billion to $1.2 billion
Effective: 2024-02-09

Exact text from the filing

2 to the Loan and Servicing Agreement (the “SG Funding Facility Amendment”) to the Loan and Servicing Agreement, dated as of July 26, 2023 (as amended, the “SG Funding Facility”), by and among the Borrower, the Fund as equityholder, the lenders from time to time parties thereto, Société Générale, as swingline lender and agent, the collateral agent and collateral administrator party thereto, and the document custodian party thereto.

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299 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001918712-24-000012

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