1 active facility, size not stated, next covenant test Sep 30, 2026. ARES · ARES-PB
Permit the ratio of (i) the total outstanding amount of Debt of the Loan Parties and the Restricted Subsidiaries on a Stand Alone Basis as of the last day of any four fiscal quarter period of Ares Parent, commencing with the four fiscal quarter period ending March 31, 2026, to (ii) the Adjusted EBITDA of the Loan Parties and the Restricted Subsidiaries on a Stand Alone Basis for such period, to be greater than 4.00:1.00.Read the filing on sec.gov ↗
Permit Assets Under Management at any time to be less than $179,825,526,099.Read the filing on sec.gov ↗
Signed Mar 27, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Term Loan Facility | n/a | Mar 2029 | 75–125 bps |
Priced over Term SOFR, floor 0 bps (Delayed draw term loan).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level I | > A+/A+/A1 | 75 bps | n/a |
| Level II | > A/A/A2 | 88 bps | n/a |
| Level III | > A-/A-/A3 | 100 bps | n/a |
| Level IV | > BBB+/BBB+/Baa1 | 113 bps | n/a |
| Level V | ≤ BBB/BBB/Baa2 | 125 bps | n/a |
Lenders: BofA Securities, Inc.
No amendments on file yet.
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