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Banking Essentials Newsletter: 8th March Edition
AresCommercial Real Estate Corp. has agreed with Wells Fargo Bank toincrease the size of its existing financing facility to $325 million from $225million.
In addition, the initial maturity of the facility wasextended to Dec. 14, 2017, along with two one-year extensions, each of whichmay be exercised at the company's discretion.
