ARES COMMERCIAL REAL ESTATE CORP: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)

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Section 1.01 Entering into a Material Definitive Agreement.

On January 13, 2022, ACRC Lender C LLC ("ACRC Lender C"), a subsidiary of Ares
Commercial Real Estate Corporation (the "Company"), and the Company entered into
an amendment to the Master Repurchase Agreement (the "Citi Facility") with
Citibank, N.A. The purpose of the amendment is to, among other things, extend
the current facility expiration date and funding availability period of the Citi
Facility for three years, until January 13, 2025. The facility expiration date
continues to be subject to two 12-month extensions, each of which may be
exercised at ACRC Lender C's option, assuming no existing defaults under the
Citi Facility and applicable extension fees being paid, which, if both were
exercised, would extend the maturity date of the Citi Facility to January 13,
2027. The amendment also modifies the interest rate provisions in the Citi
Facility such that financings under the Citi Facility in connection with new
loans pledged to the Citi Facility will utilize term SOFR or a SOFR average, at
the election of ACRC Lender C.

The foregoing description of the amendment to the Citi Facility is only a
summary of certain material provisions of the amendment and is qualified in its
entirety by reference to a copy of such amendment, which is filed herewith as
Exhibit 10.1 and by this reference incorporated herein.


Item 2.03 Creation of a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information required by Section 2.03 contained in Section 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Section 9.01 Financial Statements and Supporting Documents.

(d) Parts:

    Exhibit Number                                           Description
                 10.1         Sixth Amendment to Master Repurchase 

Agreement, dated January 13,

                              2022, by and among, ACRC Lender C LLC, as seller, Ares Commercial Real
                              Estate Corporation, as guarantor, and Citibank, N.A., as buyer.
                    104       Cover Page Interactive Data File - the cover page XBRL tags are embedded
                              within the Inline XBRL document




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