Ares Commercial Real Estate Corporation has announced an amendment to its existing Master Repurchase Agreement with Morgan Stanley Bank, N.A. This amendment, effective June 30, 2025, involves ACRC Lender MS LLC and ACRC Lender MS II LLC, both subsidiaries of Ares. The key changes include extending the initial maturity date of the Morgan Stanley Facility to July 16, 2026, with an option for a 12-month extension, contingent upon Morgan Stanley Bank's consent and certain conditions. Additionally, the facility commitment has been reduced from $250 million to $150 million, though it may increase by an additional $100 million under an accordion provision, subject to specific conditions and fees.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ares Commercial Real Estate Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-034414), on July 07, 2025, and is solely responsible for the information contained therein.