Ares Commercial Real Estate Corporation Announces Pricing of Offering of Common Stock

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May 18, 2022

Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE, Financial) announced today the pricing of an underwritten public offering of 7,000,000 shares of common stock for total estimated gross proceeds of approximately $104.7 million. The Company has also granted the underwriters of the offering an option to purchase up to 1,050,000 additional shares of common stock.