Ares Commercial amends repo facilities with Citi, Morgan Stanley, Wells Fargo to cut tangible net worth minimum to $400 million

• Ares Commercial Real Estate amended repurchase facilities with Citibank, Morgan Stanley Bank, Wells Fargo on Oct. 5, 2026.
• Minimum tangible net worth covenant cut to $400 million from $500 million across all three facilities.
• Wells Fargo facility adds requirement for tangible net worth to include 80% of net proceeds from future equity issuances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ares Commercial Real Estate Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-065542), on October 09, 2026, and is solely responsible for the information contained therein.