Loan & DebtOct 9, 2026, 04:36 PM
Ares Commercial Real Estate Amends Credit Facilities, Lowers Net Worth Requirement
AI Summary
Ares Commercial Real Estate Corporation (ACRE) announced amendments to its master repurchase facilities with Citibank, Morgan Stanley, and Wells Fargo. The amendments reduce the minimum tangible net worth requirement from $500 million to $400 million. Additionally, the Wells Fargo Facility now includes a requirement tied to 80% of the net proceeds from future equity issuances.
Key Highlights
- Ares Commercial Real Estate Corp amended master repurchase facilities with Citibank, Morgan Stanley, and Wells Fargo.
- Minimum tangible net worth requirement reduced from $500 million to $400 million across facilities.
- Wells Fargo Facility includes an additional requirement of 80% of net proceeds from future equity issuances.
Price Impact
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