Document/ExhibitDescriptionPagesSize 1: 8-K Current Report HTML 36K
2: EX-10.1 Material Contract HTML 1.07M
7: R1 Document And Entity Information HTML 49K
9: XML IDEA XML File -- Filing Summary XML 12K
12: XML XBRL Instance -- ares-20240328_htm XML 16K
8: EXCEL IDEA Workbook of Financial Report Info XLSX 8K
4: EX-101.DEF XBRL Definitions -- ares-20240328_def XML 41K
5: EX-101.LAB XBRL Labels -- ares-20240328_lab XML 79K
6: EX-101.PRE XBRL Presentations -- ares-20240328_pre XML 42K
3: EX-101.SCH XBRL Schema -- ares-20240328 XSD 11K
10: JSON XBRL Instance as JSON Data -- MetaLinks 14± 21K
11: ZIP XBRL Zipped Folder -- 0001628280-24-014594-xbrl Zip 195K
(Address of principal executive office) (Zip Code)
(i310) i201-4100
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
i☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
iClass A common stock, par value $0.01 per share
iARES
iNew
York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company i☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
1
Item 1.01 Entry into
a Material Definitive Agreement.
On March 28, 2024, Ares Holdings L.P., a Delaware limited partnership (“Ares Holdings” or the “Borrower”) and certain subsidiaries of Ares Management Corporation (the “Company”) entered into Amendment No. 12 (the “Credit Facility Amendment”) to the Sixth Amended and Restated Credit Agreement, dated as of April 21, 2014 (as amended through and including the Credit Facility Amendment, the “Credit Agreement”), by and among the Borrower, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as agent.
The Credit Facility Amendment, among other
things, (i) extends the maturity of the credit facility under the Credit Agreement to March 28, 2029, (ii) increases the revolver commitments under the Credit Agreement to $1,400,000,000 and the accordion feature to $600,000,000, for an aggregate amount not to exceed $2,000,000,000, (iii) modifies certain sustainability-linked metrics relating to adjustments in the unused commitment fee and applicable margin rates, (iv) modifies certain covenant restrictions and (v) makes certain other technical amendments to the provisions of the Credit Agreement.
A copy of the Credit Facility Amendment is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated by reference into this Item 1.01 as though fully
set forth herein. The foregoing summary description of the Credit Facility Amendment is not intended to be complete and is qualified in its entirety by the complete text of the Credit Facility Amendment.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Amendment
No. 12, dated as of March 28, 2024, to the Sixth Amended and Restated Credit Agreement, dated as of April 21, 2014, by and among Ares Holdings L.P., the Guarantors party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A.
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
