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AI brief of an SEC Form 8-K · Ares Management (ARES)

Ares Management says Ares Holdings signed $400 million term loan maturing March 2029

Neutral Impact 3 of 5 financing Written later

Ares Holdings L.P., a borrowing unit of Ares Management Corp, entered a $400 million term loan credit agreement with Bank of America, N.A. as administrative agent, dated March 27, 2026, and fully funded at closing. The loan matures March 27, 2029, and proceeds may refinance existing debt, pay fees, or fund working capital and general corporate purposes.

Key points

  • Term loan facility commitment of $400 million, fully funded at closing on March 27, 2026
  • Final maturity date of March 27, 2029; interest floats based on Term SOFR or Base Rate plus a margin tied to the company's senior unsecured debt ratings
  • Covenants require net debt to Adjusted EBITDA not exceeding 4.00 to 1.00 and Assets Under Management of at least $179,825,526,099
  • Loan is guaranteed by certain Ares subsidiaries; lenders may terminate commitments and accelerate borrowings upon an event of default

The filing

CompanyAres Management (ARES)
Form8-K, current report
Filed with the SECMar 30, 2026, 7:07 PM ET
Accession number0001628280-26-022155

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing 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 March 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.