Capital

Capital Structure

ARES supports structured financing pathways across the development lifecycle, aligning offtake, senior debt, and risk controls to meet institutional underwriting expectations.

Capital structuring is treated as a sequencing and governance discipline. The objective is not capital promotion or generalized fundraising. The objective is to align offtake, technical diligence, and risk allocation into a bankable structure with auditable controls prior to financial close.

All structures are indicative and contingent on jurisdictional requirements, counterparty terms, lender diligence, and applicable approvals.

Phase 02
Capital Structuring Gate
Objective
Convert validated concepts into an underwriting-ready structure.
Primary Inputs
Offtake terms, diligence outputs, and jurisdictional risk constraints.
Advance Only If
Risk allocation is enforceable and lender diligence requirements are satisfiable.
Next Phase
EPC Management & Deployment

Capital Stack Orientation

Structures are built to align responsibilities and control rights across sponsor, lenders, and counterparties. The focus is to isolate development risk, sequence diligence correctly, and maintain transparent governance throughout the pathway to financial close.

Typical Financing Pathway (Indicative)

  • Origination Gate: concept validation and regulatory pathway coherence
  • Offtake Alignment: term formation with investment-grade counterparties where applicable
  • Diligence Package: technical, legal, and permitting documentation sufficient for lender review
  • Debt Structuring: senior debt sizing and covenant logic based on cashflow and risk profile
  • Financial Close: executed documentation, conditions satisfied, and approvals cleared

Pathway sequencing varies by jurisdiction, market structure, and counterparty requirements.

Risk Controls & Mitigants

Capital governance is designed to reduce macro and jurisdictional exposure through structured allocation mechanisms. Controls may include hedging instruments, contract provisions, insurance layers, and diversification.

Inflation Hedging
Index-linked pricing constructs, escalation terms, and cost pass-through frameworks where supportable.
Currency Risk
Currency alignment between revenue and debt where feasible, plus hedging structures when appropriate.
Sovereign Risk Controls
Political risk insurance, change-in-law provisions, and jurisdictional diversification strategy.

Limits of Responsibility

ARES capital structuring does not represent guaranteed financing outcomes. Lender decisions, pricing, availability of instruments, and closing timelines remain subject to third-party underwriting and approvals. No commitments are implied unless documented under executed agreements.

Typical Outputs

  • Indicative capital stack framework and sequencing plan
  • Risk allocation and mitigants matrix
  • Offtake alignment checklist and diligence readiness map
  • Governance controls for approvals, documentation, and reporting cadence