Ares Strategic Income Fund to Raise $1.1 Billion Through Dual Note Offering

Ares Strategic Income Fund is moving to raise $1.1 billion through a two-part private note offering that gives it more room to maneuver on both sides of the balance sheet. The fund priced $600 million in 5.450% notes maturing in 2028 and $500 million in 5.800% notes due in 2030. Both tranches are being placed with qualified institutional buyers under Rule 144A and with certain investors outside the U.S. under Regulation S.

These notes come with flexibility. The fund can redeem them early—partially or in full—at a premium. The maturity dates are set for September 9, 2028, and September 9, 2030, and the transaction is expected to close on June 9, 2025, pending standard closing conditions.

Ares plans to use the proceeds to pay down existing debt tied to its credit facilities. It may then reborrow against those facilities as needed, creating optionality for future investments aligned with its strategy.

This offering isn’t registered under U.S. securities laws and won’t be available to the general public. It’s aimed at institutions that can act quickly and confidently in private markets—an approach that matches Ares’s focus on disciplined capital deployment.

Looking Ahead

As with any forward-looking plan, there are risks. Ares noted that actual outcomes could differ due to market shifts or operational factors. Investors are encouraged to track the fund’s SEC filings for ongoing disclosures.

In raising this capital, Ares is creating the financial capacity to stay responsive. The note structure, repayment plan, and reinvestment potential give the fund multiple levers to support its investment objectives moving forward.