ACRE · Ares Commercial Real Estate Corporation

Ares Commercial Real Estate Corporation and its subsidiaries ACRC Lender MS LLC and ACRC Lender MS II LLC have executed a significant amendment to their existing Morgan Stanley Facility, which represents a material financing arrangement. The amendment extends the facility's initial maturity by over three years to July 2029, providing the company with longer-term certainty in its financing structure. The 12-month extension option, exercisable at the subsidiaries' discretion with Morgan Stanley's consent, offers additional flexibility. More importantly, the facility commitment has been increased by $100 million to $350 million, substantially expanding the company's available credit for potential investments or operations. The accordion provision allowing for a further $50 million increase to $400 million creates additional capacity that can be accessed as needed, subject to standard conditions including the absence of defaults and payment of fees. The $78,082.19 upsize fee represents a direct cost of this increased commitment. For investors, this amendment strengthens the company's liquidity position, extends its debt maturity profile, and provides greater financial flexibility for potential growth initiatives in the commercial real estate lending market. The involvement of Morgan Stanley Bank as the counterparty and the detailed conditions outlined in the amendment suggest a structured, institutional financing arrangement with standard protections for both parties.