UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

______________________________________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported) ~~February 5~~March 27, 2026

ARES MANAGEMENT CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware

001-36429

80-0962035

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1800 Avenue of the Stars, Suite 1400, Los Angeles, CA 90067

(Address of principal executive office) (Zip Code)

(310) 201-4100

(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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ 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
Class A common stock, par value $0.01 per share	ARES	New York Stock Exchange
6.75% Series B mandatory convertible preferred stock, par value $0.01 per share	ARES.PRB	New 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 ☐

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

Item 21.0201 ~~Results~~Entry ofinto ~~Operations~~a ~~and~~Material ~~Financial~~Definitive ~~Condition~~Agreement.

On ~~February 5~~March 27, 2026, (the ~~registrant~~“Closing ~~issued~~Date”), Ares Holdings L.P., a ~~press~~Delaware ~~release~~limited ~~announcing~~partnership ~~its~~(“Ares ~~financial~~Holdings” ~~results~~or ~~for~~the “Borrower”) and certain subsidiaries of Ares Management Corporation (the ~~fourth~~“Company”) ~~quarter~~entered into a Credit Agreement (the “Credit Agreement”), by and ~~year~~among ~~ended~~Ares ~~December 31~~Holdings, ~~2025.~~as ~~The~~borrower, ~~text~~the subsidiaries of the ~~press~~Company ~~release~~party isthereto, ~~attached~~as ~~hereto~~guarantors, the lenders party thereto and Bank of America, N.A., as ~~Exhibit 99~~administrative agent, that provides a term loan facility in an aggregate commitment amount of $400 million.1 The term loan facility under the Credit Agreement has a final maturity date of March 27, 2029 and ~~incorporated~~was ~~herein~~fully byfunded ~~reference~~at closing.

~~The~~Loans ~~information~~under ~~disclosed~~the ~~under~~Credit ~~this~~Agreement ~~Item~~bear ~~2.02~~interest, ~~including~~at ~~Exhibit 99.1~~the ~~hereto~~Borrower’s option, isat ~~being~~a ~~furnished~~floating ~~and~~rate, ~~shall~~which ~~not~~can be, ~~deemed~~at ~~“filed”~~the ~~for~~Borrower’s ~~purposes~~option, ofeither ~~Section 18~~(a) of the ~~Securities~~Term ~~Exchange~~SOFR ~~Act~~Rate of(as ~~1934~~defined ~~and~~in ~~shall~~the ~~not~~Credit beAgreement) ~~deemed~~plus ~~incorporated~~an byapplicable ~~reference~~margin ~~into~~or ~~any~~(b) ~~filing~~the ~~made~~Base ~~under~~Rate (as defined in the ~~Securities~~Credit ~~Act~~Agreement) ofplus ~~1933~~an applicable margin, ~~except~~in aseach ~~expressly~~case, ~~set~~determined ~~forth~~based on the Company’s senior long-term unsecured debt ratings. The obligations under the Credit Agreement are guaranteed by ~~specific~~certain ~~reference~~subsidiaries inof ~~such~~the ~~filing~~Company.

~~Item~~The 7Credit Agreement contains various covenants, including, but not limited to, restrictions on the Borrower and its subsidiaries’ ability to incur indebtedness, grant liens, make investments, merge or consolidate into other companies, dispose of material assets and make dividends or other distributions, in each case, subject to various exceptions.01 ~~Regulation~~The FDCredit ~~Disclosure~~Agreement requires the maintenance of a net debt to Adjusted EBITDA (as defined in the Credit Agreement) ratio not to exceed 4.00 to 1.00 as of the end of any four fiscal quarter period of the Company, and Assets Under Management (as defined in the Credit Agreement) must remain equal to or greater than $179,825,526,099.

OnThe ~~February 5,~~Credit ~~2026,~~Agreement ~~the~~also ~~registrant~~includes ~~issued~~various aevents ~~press release announcing the declaration~~ of ~~a quarterly dividend of $1~~default.35 ~~per~~Upon ~~share~~an ofevent ~~its Class A common stock, payable on March 31, 2026 to its Class A common stockholders~~ of ~~record as of March 17~~default, ~~2026.~~commitments ~~The~~under ~~registrant also issued a detailed earnings presentation announcing its financial results for~~ the ~~fourth~~Credit ~~quarter~~Agreement ~~and~~may ~~year~~be ~~ended~~terminated ~~December 31, 2025. The text of the press release~~ and ~~earnings~~outstanding ~~presentation~~borrowings ismay ~~included~~be ~~as Exhibit 99~~accelerated.~~1 and Exhibit 99.2, respectively, to this Form 8-K.~~

~~The~~Proceeds ~~information~~from ~~disclosed~~the ~~under~~Credit ~~this~~Agreement ~~Item~~must ~~7.01,~~be ~~including~~used ~~Exhibit 99.1~~to ~~and~~refinance ~~99.2~~existing ~~hereto~~indebtedness, ispay ~~being~~certain ~~furnished~~fees and ~~shall~~expenses ~~not~~or befund ~~deemed~~ongoing ~~“filed”~~working ~~for~~capital ~~purposes~~needs ofand ~~Section 18~~general ofcorporate ~~the~~purposes ~~Securities Exchange Act~~ of ~~1934 and shall not be deemed incorporated by reference into any filing made under~~ the ~~Securities Act of 1933, except as expressly set forth by specific reference in such filing~~Borrower.

A copy of the Credit Agreement 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 Agreement is not intended to be complete and is qualified in its entirety by the complete text of the Credit Agreement.

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.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit Number						Description
99.1						Press Release of Ares Management Corporation, dated February 5, 2026
10.1						Credit Agreement, dated as of March 27, 2026, by and among Ares Holdings L.P., the Guarantors party thereto, the Lenders party thereto and Bank of America, N.A., as administrative agent
99.2						Earnings Presentation of Ares Management Corporation, dated February 5, 2026
104						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

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: February 5, 2026
Dated: March 31, 2026
	By:	/s/ Jarrod Phillips
	Name:	Jarrod Phillips
	Title:	Chief Financial Officer(Principal Financial & Accounting Officer)

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