Ares Management Corp. Enters Material Definitive Agreement

TL;DR

Ares Management Corp. signed a big deal on 3/28, details TBD.

AI Summary

On March 28, 2024, Ares Management Corp. entered into a material definitive agreement related to a direct financial obligation. The filing does not provide specific details on the nature of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Ares Management Corp., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial implications that are not yet fully disclosed.

Key Players & Entities

• Ares Management Corp. (company) — Registrant
• March 28, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — stered Class A common stock, par value $0.01 per share ARES New York Stock Exchange
• $1,400,000,000 — mmitments under the Credit Agreement to $1,400,000,000 and the accordion feature to $600,000,0
• $600,000,000 — 00,000,000 and the accordion feature to $600,000,000, for an aggregate amount not to exceed
• $2,000,000,000 — , for an aggregate amount not to exceed $2,000,000,000, (iii) modifies certain sustainability-

Filing Documents

• ares-20240328.htm (8-K) — 35KB
• a2024marchexhibit101.htm (EX-10.1) — 1074KB
• 0001628280-24-014594.txt ( ) — 1447KB
• ares-20240328.xsd (EX-101.SCH) — 2KB
• ares-20240328_def.xml (EX-101.DEF) — 16KB
• ares-20240328_lab.xml (EX-101.LAB) — 28KB
• ares-20240328_pre.xml (EX-101.PRE) — 16KB
• ares-20240328_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

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. The information set forth in Item 1.01 is hereby incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1 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

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. ARES MANAGEMENT CORPORATION Dated: April 3, 2024 By: /s/ Jarrod Phillips Name: Jarrod Phillips Title: Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR