Ares Strategic Income ups commitments to $1.2 billion

By William Gullotti

Buffalo, N.Y., Feb. 13 – Ares Strategic Income Fund and its wholly owned subsidiary, ASIF Funding I, LLC, as borrower amended the loan and servicing agreement dated July 26, 2023 with Societe Generale as agent on Feb. 9 to up commitments to $1.2 billion, according to an 8-K filing with the Securities and Exchange Commission.

The increase marks the second facility upsizing within its first year, the first of which occurred Dec. 19.

The sublimit for swingline loans was also increased to $130 million from $50 million.

The other terms of the facility remained materially unchanged.

Ares is a New York-based investment company.

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