Ares Core Infrastructure Fund 8-K

What Happened

• On June 26, 2026, Ares Core Infrastructure Fund filed an 8-K announcing the First Amendment to its Revolving Credit and Security Agreement (the "BNP Funding Facility Amendment"). The amendment was made among ACI Liquid Aggregator SPV, LLC (borrower), Ares Core Infrastructure Fund (equityholder and servicer), BNP Paribas (administrative agent and lender) and U.S. Bank Trust Company, N.A. (collateral agent).
• The amendment adds a new tranche secured by data center loans (the "DC Tranche"), increases the size of the existing broadly syndicated loan tranche, and updates borrowing base mechanics to accommodate the new tranche. Other material terms remain unchanged.

Key Details

• Effective date: June 26, 2026.
• DC Tranche size: Maximum equal to the lesser of (a) $175,000,000 and (b) the sum of each eligible data‑center asset’s advance rate × its data‑center commitment.
• Existing tranche increase: Broadly syndicated loans tranche maximum raised from $200,000,000 to $375,000,000.
• Pricing: Advances under the DC Tranche bear interest at SOFR plus an applicable margin of 1.35%.
• Use of proceeds: To acquire collateral loans during the reinvestment period, fund revolving collateral and data‑center loans, pay fees/expenses, and make permitted distributions.
• Covenants: Borrowings remain subject to the facility’s borrowing base rules and other covenants.

Why It Matters

• For investors, the amendment expands the Fund’s committed lending capacity—particularly to finance data‑center loans—by adding a dedicated $175M (cap) DC tranche and substantially increasing the syndicated loans cap to $375M. That can support additional deal activity and portfolio growth during the reinvestment period.
• It also establishes the pricing and mechanics for those new advances (SOFR + 1.35% for the DC Tranche) and confirms that borrowings are subject to existing covenants and borrowing base calculations, which govern how much the Fund (via its SPV) can draw.