Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ARES STRATEGIC INCOME FUND incurred credit facility of $750 million, of which $500 million will become available during the six-month period following the closing date with Bank of Nova Scotia at Secured Overnight Financing Rate plus an applicable margin of (i) 2.40% during t maturing reinvestment period ending September 1, 2026 and a final maturity date of March 1, 2033.
- Instrument
- credit facility
- Principal
- $750 million, of which $500 million will become available during the six-month period following the closing date
- Counterparty
- Bank of Nova Scotia
- Rate
- Secured Overnight Financing Rate plus an applicable margin of (i) 2.40% during t
- Maturity
- reinvestment period ending September 1, 2026 and a final maturity date of March 1, 2033
- Event
- incurrence
Exact text from the filing
On March 1, 2024, Ares Strategic Income Fund (the "Fund") entered into a Credit Agreement (the "Scotiabank Funding Facility") with ASIF Funding II, LLC, a wholly owned subsidiary of the Fund, as borrower (the "Borrower"), the Fund, as parent and servicer, the lenders from time to time parties thereto, the Bank of Nova Scotia, as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent and collateral administrator, and U.S. Bank National Association, as custodian and document custodian, that (i) provides a facility amount of $750 million, of which $500 million will become available during the six-month period following the closing date and (ii) has a reinvestment period ending September 1, 2026 and a final maturity date of March 1, 2033.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ARES STRATEGIC INCOME FUND entered into Contribution Agreement with ASIF Funding II, LLC (effective 2024-03-01).
- Action
- entry
- Counterparty
- ASIF Funding II, LLC
- Effective
- 2024-03-01
Exact text from the filing
on March 1, 2024, the Fund, as transferor, and the Borrower, as transferee, entered into a Contribution Agreement (the “Contribution Agreement,” and together with the Scotiabank Funding Facility, the “Borrower Agreements”), pursuant to which the Fund will transfer to the Borrower certain originated or acquired loans and related assets (collectively, the “Loans”) from time to time.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ARES STRATEGIC INCOME FUND entered into Scotiabank Funding Facility with The Bank of Nova Scotia valued at $750 million (effective 2024-03-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- The Bank of Nova Scotia
- Value
- $750 million
- Effective
- 2024-03-01
Exact text from the filing
On March 1, 2024, Ares Strategic Income Fund (the “Fund”) entered into a Credit Agreement (the “Scotiabank Funding Facility”) with ASIF Funding II, LLC, a wholly owned subsidiary of the Fund, as borrower (the “Borrower”), the Fund, as parent and servicer, the lenders from time to time parties thereto, the Bank of Nova Scotia, as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent and collateral administrator, and U.S. Bank National Association, as custodian and document custodian, that (i) provides a facility amount of $750 million
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