Ares Management said the Credit Facility Amendment, Amendment No. 13, which it entered into on April 22, 2025, extends the maturity of the credit facility under the Credit Agreement to April 22, 2030.

1. 01

   Ares Management said the Credit Facility Amendment, Amendment No. 13, which it entered into on April 22, 2025, extends the maturity of the credit facility under the Credit Agreement to April 22, 2030.

2. 02

   The company said the Credit Facility Amendment increases the revolver commitments to $1,840,000,000 and the accordion feature to $660,000,000, for an aggregate amount not to exceed $2,500,000,000.

3. 03

   Ares said it lowered the applicable margin for term benchmark loans, RFR loans, swingline loans and letters of credit to 0.650% to 1.150% from 0.750% to 1.250%. The margin depends on the company's senior long term unsecured debt ratings.

4. 04

   The company said it set the sub-limit for swingline loan issuances at up to $75,000,000 in aggregate and adjusted the unused commitment fee from 0.060% to 0.150% to 0.050% to 0.0140%.

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