Brief: Ares Commercial Real Estate Corporation Adds New Borrowing Capacity To Support Further Growth

Ares Commercial Real Estate

15/11/2021 11:57

Nov 15 (Reuters) - Ares Commercial Real Estate Corp
 ACRE.N :
    * ARES COMMERCIAL REAL ESTATE CORPORATION ADDS NEW BORROWING
CAPACITY TO SUPPORT FURTHER GROWTH
    * ARES COMMERCIAL REAL ESTATE CORP - AMENDS SECURED TERM
LOAN TO
INCREASE CAPACITY, REDUCE ALL-IN PRICING AND EXTEND MATURITY
    * ARES COMMERCIAL REAL ESTATE CORP - INCREASES SIZE OF CNB
FACILITY BY $25.0 MILLION TO $75.0 MILLION
    * ARES COMMERCIAL REAL ESTATE CORP - HAS ENTERED INTO AN
AGREEMENT
TO INCREASE ITS EXISTING TERM LOAN FROM $60.0 MILLION TO $150.0
MILLION

Source text for Eikon:  ID:nBw7KBBv1a 
Further company coverage:  ACRE.N 

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