Ares Commercial Real Estate Corp. (ACRE) said Monday that it plans to make a public offering of 18 million shares of its common stock.
The company also plans to grant the underwriters an option to purchase up to an additional 2.7 million shares of common stock.
The company said it plans to use the net proceeds from the offering to invest in target investments, repay indebtedness, fund future funding commitments on existing loans and for other general corporate purposes.
Depending upon the timing of the closing of the proposed loans in the company's pipeline, the closing of the acquisition of Alliant Capital and the receipt of funds from other financings, the company may utilize a portion of the net proceeds of the offering to fund a portion of the purchase price of Alliant Capital.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.