Ares Commercial Real Estate Corporation announces the launch of its common stock offering


NEW YORK–() – Ares Commercial Real Estate Corporation (the “Company”) (NYSE: ACRE) today announced the publication of a subscribed public offering of 6,500,000 shares of common stock. The company expects to give the underwriters of the offering an option to purchase up to 975,000 additional common shares.

The Company intends to use all of the net proceeds from the Offering for general corporate purposes, including investing in mortgage loans and other target assets and investing in accordance with its investment strategies and guidelines, funding commitments for existing mortgage loans and repaying debt.

Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and BofA Securities, Inc. are Joint Book Running Managers for the offering, and JMP Securities LLC, Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc. are Co Manager for the offer.

A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. The offer may only be made by means of a preliminary prospectus supplement and accompanying prospectus. A copy of the Provisional Supplement and the accompanying prospectus relating to the Offering is available free of charge on the website of the Securities and Exchange Commission at. be requested or by contacting: Morgan Stanley & Co. LLC Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 30 Hudson Yards, 500 West 33rd Street – 14th Floor, New York, NY 10001, or by calling 1-800-326-5897 or emailing [email protected] ; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, e.g. Hd .: prospectus department or by e-mail to [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor does it constitute an offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful . Nothing in this press release constitutes an offer to sell or a solicitation of an offer to buy any securities in the Company or any mutual fund managed by the Company or its affiliates.


Ares Commercial Real Estate Corporation is a specialty finance firm primarily engaged in the procurement and investment of commercial real estate loans and related investments. Via its national direct origination platform, the company offers a wide range of flexible and reliable financing solutions for commercial property owners and operators. The company provides senior mortgage, subordinated, mezzanine, and preferred equity loans with a focus on providing value-added finance for a variety of properties in liquid markets in the United States. Ares Commercial Real Estate Corporation was selected and qualified as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation.


Statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which relate to future events or the future performance or financial condition of the company. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results could differ materially from those expressed in the forward-looking statements due to a number of factors including the returns on current and future investments, the repayment and prepayments of the company’s mortgage loans, the availability of investment opportunities, the company’s ability to make additional investments and complete upcoming investments, the availability of capital, the availability and cost of financing, market trends and conditions in the company’s industry and general economy, the level of credit and credit spreads and interest rates, commercial real estate loan volumes, the impact of COVID-19 -Pandemic and the impact of the pandemic on the US and global economies, the company’s ability to pay future dividends at historical levels or at all, and the risks identified from time to time in the company’s filings with the securities and Exchange Commission (the “SEC”), including but not limited to the Risk Factors described in Part I, Item Part 1A. Risk Factors in the Company’s Annual Report on Form 10-K, filed with the SEC on February 18, 2021 and Part II, Item 1A. Risk Factors in the Company’s Quarterly Report on Form 10-Q, filed with the SEC on May 4, 2021, and the other documents we fil from time to time with the SEC. All forward-looking statements, including those contained herein, speak only as of the date of this press release, and Ares Commercial Real Estate Corporation assumes no obligation to update any forward-looking statements made herein. Projections and forward-looking statements are based on management’s good faith and reasonable assumptions, including the assumptions described herein.


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