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 credit facility of $542.2 million delayed draw term loan facility and $23.5 million DSR LC facility with Natixis, New York Branch (as administrative agent) at daily compounded SOFR plus 1.50% per annum.
- Instrument
- credit facility
- Principal
- $542.2 million delayed draw term loan facility and $23.5 million DSR LC facility
- Counterparty
- Natixis, New York Branch (as administrative agent)
- Rate
- daily compounded SOFR plus 1.50% per annum
- Event
- incurrence
Exact text from the filing
On October 3, 2025 (the “Closing Date”), ACI Pioneer Member, LLC as borrower (the “Borrower”) and ACI Pioneer Holdings, LLC as pledgor (the “Pledgor”), each a wholly-owned subsidiary of Ares Core Infrastructure Fund (the “Fund”), entered into a credit agreement (the “Pioneer Credit Agreement”) with Natixis, New York Branch as administrative agent and collateral agent (“Natixis”), Société Générale as coordinating lead arranger and bookrunner (together with Natixis in the same roles), and the other lenders party thereto from time to time. The Pioneer Credit Agreement is related to Borrower’s investment in a portfolio investment of the Fund and includes a $542.2 million delayed draw term loan facility (the “Pioneer Term Loan”), of which $226.0 million was drawn as of the Closing Date, and a $23.5 million debt service reserve letter of credit facility (the “DSR LC Facility”).
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