ARES STRATEGIC INCOME FUND 8-K

What Happened Ares Strategic Income Fund announced on May 21, 2026 that it amended and restated its senior secured credit agreement with JPMorgan Chase Bank, N.A. and the lenders party thereto. The A&R Credit Facility raises the revolving commitment, extends the facility term, adjusts certain pricing mechanics, and modifies some covenant restrictions while remaining secured by a material portion of the Fund’s assets.

Key Details

• Aggregate commitment increased from $3.25 billion to $4.1 billion; an “accordion” feature can potentially raise capacity to about $6.15 billion.
• Revolving period end extended from April 15, 2029 to May 21, 2030; stated maturity extended from April 15, 2030 to May 21, 2031.
• Interest is based on Term SOFR (or an approved alternate) plus a spread that varies monthly (options include 1.525%, 1.650% or 1.775%; alternate base rate spreads of 0.525%, 0.650% or 0.775% depending on borrowing base utilization). The prior base rate included a 0.10% credit spread adjustment to Term SOFR; that adjustment was removed.
• Commitment fee of 0.325% per annum on unused capacity; letter of credit fees of 1.775%, 1.900% or 2.025% per annum (monthly-determined). Sub-limits: up to $175 million for letters of credit and $175 million for swingline loans. Any letters of credit or swingline borrowings reduce availability.
• Borrowings are subject to an asset coverage ratio (total assets less certain liabilities to total indebtedness) of at least 1.5:1.0 and to a borrowing base that applies differing advance rates by asset type. The facility includes customary covenants, reporting requirements and events of default.

Why It Matters This agreement gives the Fund larger and longer-dated committed liquidity, which can support portfolio financing, capital needs and flexibility over the next several years. The change in pricing mechanics and the maintained asset-coverage and borrowing-base requirements are key operational constraints investors should note because they affect borrowing cost and how much the Fund can draw against pledged assets. The A&R Credit Facility remains secured by a material portion of the Fund’s assets and includes standard covenants and default provisions that could affect the Fund’s financing flexibility if covenant tests are not met.