8-K - Ares Sports, Media & Entertainment Opportunities LP | StockGist

AI Analysis

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ASME O Holdings I Finco LLC, ASME O Holdings II Finco LLC, and ASME O Holdings III Finco LLC entered into a $125 million senior secured revolving credit facility with JPMorgan Chase Bank, which is guaranteed by their indirect parent, Ares Sports, Media and Entertainment Opportunities LP.

Key Takeaways

1The Borrowers secured a revolving credit facility with an initial commitment of $125 million, scheduled to increase to $250 million on April 28, 2026.

2The facility has a scheduled maturity date of March 27, 2031, with a three-year reinvestment period during which the commitment may be increased.

3Interest rates are based on benchmark rates plus an applicable margin ranging from 1.50% to 3.27%, depending on collateral type and currency.

4The Borrowers' obligations are secured by substantially all of their assets, including portfolio investments.

5Ares Sports, Media and Entertainment Opportunities LP provided a full recourse, unconditional guarantee for the Borrowers' obligations under the facility.

6The facility contains customary representations, warranties, covenants, servicing procedures, and events of default for similar financing transactions.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. ** ** ** On March 27, 2026, ASME O Holdings I Finco LLC (“Company I”), ASME O Holdings II Finco LLC (“Company II”),

Material Agreement

$125.0M$250.0M

Source Document

2.03

. ** Item 9.01 Financial Statements and Exhibits. ** (d) Exhibits Exhibit Number: 10.1 | Description: Loan and Security Agreement, dated as of March 27, 2026, a

Financing

Transaction Details

Material Agreement

Agreement: Loan and Security Agreement (the "Revolving Credit Facility")
Parties: ASME O Holdings I Finco LLC ("Company I"), ASME O Holdings II Finco LLC ("Company II"), ASME O Holdings III Finco LLC ("Company III"), ASME O Holdings I LP ("Parent I"), ASME O Holdings II LP ("Parent II"), ASME O Holdings III LP ("Parent III"), Ares Sports, Media and Entertainment Opportunities LP (the "Fund"), The lenders party thereto, The Bank of New York Mellon Trust Company, National Association (as collateral agent, collateral administrator and securities intermediary), JPMorgan Chase Bank, National Association (as administrative agent)

•Aggregate principal amount up to $125,000,000
•Scheduled increase to $250,000,000 on April 28, 2026
•Three-year reinvestment period
•Scheduled maturity date of March 27, 2031
•Interest rate per annum equal to applicable benchmark reference rate plus applicable margin ranging from 1.50% to 3.27%
•Borrowings may be denominated in U.S. dollars and certain other permitted currencies
•Obligations secured by substantially all assets held by the Borrowers
•Contains customary representations, warranties, covenants, servicing procedures, and events of default

Debt / Financing

Instrument: Senior secured revolving credit facility
Principal: 125000000
Rate: Applicable benchmark reference rate plus applicable margin ranging from 1.50% to 3.27%
Maturity: 2031-03-27
Use of Proceeds: To acquire and finance certain sports, media and entertainment assets that are corporate loans, corporate debt securities, music rights securitizations and equity interests (the "Portfolio Investments")

Exhibits (3)

10.1

EXHIBIT 10.1

10.2

EXHIBIT 10.2

8-K

FORM 8-K