Antares Strategic Credit Fund 8-K

What Happened
Antares Strategic Credit Fund disclosed that its wholly owned subsidiary, Antares CLO 2026-2, LLC (the Credit SPV), entered into a Credit Agreement effective April 15, 2026, establishing a $700 million credit facility. The facility is arranged with PNC Bank, N.A. as administrative agent, PNC Capital Markets LLC as structuring agent, U.S. Bank Trust Company, N.A. as collateral agent and administrator, and U.S. Bank National Association as custodian. Loans under the facility carry interest at the Benchmark (initially Term SOFR) plus a margin of 1.60% per annum. The initial commitment is $525 million for term Class A-T Loans and $175 million for revolving Class A-R Loans; revolving amounts can be repaid and reborrowed until the reinvestment period ends (scheduled April 15, 2030), and all loans must be repaid by April 15, 2038.

Key Details

• Total initial commitment: $700 million (Class A-T $525M term; Class A-R $175M revolving).
• Interest rate: Benchmark (initially Term SOFR) + 1.60% per annum.
• Reinvestment period scheduled to end April 15, 2030; final repayment due April 15, 2038.
• Permitted uses: fund collateral obligations, pay fees/expenses, and subject to conditions, make distributions to the Fund.
• The Credit Agreement is filed as Exhibit 10.1 (schedules omitted per Regulation S-K; available to the SEC on request).

Why It Matters
This transaction creates a direct financial obligation for the Fund’s subsidiary and provides significant committed financing capacity to acquire collateral and support the vehicle’s operations and potential distributions. Investors should note the floating-rate nature of the loans (Term SOFR plus 1.60%), the multi-year reinvestment window through 2030, and the ultimate repayment date of 2038—factors that affect the Fund’s liquidity profile, interest expense exposure, and capital structure. The agreement also contains customary covenants and events of default typical for loan facilities.