Ares Strategic unit enters up to $750 million loan facility

By Wendy Van Sickle

Columbus, Ohio, March 6 – Ares Strategic Income Fund entered into a credit agreement on March 1 providing for a facility of $750 million, $500 million of which will become available during the six-month period following the closing date, according to an 8-K filing with the Securities and Exchange Commission.

The reinvestment period ends Sept. 1, 2026, and the final maturity date is March 1, 2033.

Borrowings bear interest at SOFR plus a margin of 240 basis points during the reinvestment period and 270 bps thereafter.

The borrower, ASIF Funding II, LLC, must pay a commitment fee of 50 bps on any unused portion of the funding facility.

Proceeds must be used to acquire collateral loans during the reinvestment period, fund revolving collateral loans and/or delayed funding loans, pay certain fees and expenses and make permitted distributions.

Bank of Nova Scotia is the administrative agent. U.S. Bank Trust Co., NA is the collateral agent.

Ares is a New York-based investment company.

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