Ares Strategic Income Fund

09/25/2024 | Press release | Distributed by Public on 09/25/2024 14:49

Material Event Form 8 K

Item 8.01 Other Events.

On September 25, 2024, Ares Strategic Income Fund (the "Fund") priced an offering of $750 million in aggregate principal amount of 5.600% notes due 2030 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will mature on February 15, 2030, and may be redeemed in whole or in part at the Fund's option at any time at par plus a "make-whole" premium, if applicable. The offering is expected to close on October 2, 2024, subject to customary closing conditions.

The Fund expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities. The Fund may reborrow under its debt facilities for general corporate purposes, which include investing in portfolio companies in accordance with its investment objective.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

FORWARD-LOOKING STATEMENTS

Statements included herein may constitute "forward-looking statements," which relate to future events or the Fund's future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results and conditions may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Fund's filings with the Securities and Exchange Commission. The Fund undertakes no duty to update any forward-looking statements made herein.