Loan & DebtMay 28, 2026, 06:08 AM
Ares Holdings Extends Credit Facility to 2031, Boosts to $2.5B
AI Summary
Ares Holdings L.P., a subsidiary of Ares Management Corp, entered into Amendment No. 14 to its Sixth Amended and Restated Credit Agreement. This amendment extends the credit facility's maturity to May 21, 2031, and increases the revolver commitments to $2.5 billion, with an uncommitted accordion feature up to $3.0 billion. The amendment also removes the credit spread adjustment for Term SOFR and modifies certain covenant restrictions and events of default.
Key Highlights
- Ares Holdings L.P. amended its Sixth Amended and Restated Credit Agreement.
- Maturity of the credit facility extended to May 21, 2031.
- Revolver commitments increased to $2,500,000,000.
- Uncommitted accordion feature available up to a total facility size of $3,000,000,000.
- Credit spread adjustment for Term SOFR was removed.
- Certain covenant restrictions and events of default were modified.
Price Impact
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