Ares Management amends $2.5 billion credit facility, extends maturity to April 2030
Ares Holdings L.P. and certain Ares Management subsidiaries entered into Amendment No. 13 to their credit agreement on April 22, 2025, with JPMorgan Chase Bank, N.A. as agent. The amendment extends the facility's maturity to April 22, 2030, and reduces the applicable margins on borrowings tied to the company's senior unsecured debt ratings. The filing describes the changes as routine credit terms and does not report any new borrowing.
Key points
- Revolver commitments increased to $1.84 billion, with a $660 million accordion feature, for an aggregate limit not to exceed $2.5 billion
- Maturity extended to April 22, 2030
- Swingline loan sub-limit set at up to $75 million
- Margins on term benchmark, RFR loans, swingline loans and letters of credit reduced from 0.750%-1.250% to 0.650%-1.150%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.