VISTA CREDIT STRATEGIC LENDING CORP. 8-K

What Happened

• Vista Credit Strategic Lending Corp. filed an 8-K on Dec 23, 2025 reporting (1) unregistered sales of its common stock completed as of Dec 1 (finalized Dec 22, 2025), (2) a preliminary net asset value (NAV) per share as of Nov 30, 2025, and (3) a declared December 2025 distribution payable in January 2026. The stock issuances were made under subscription agreements and relied on exemptions under Section 4(a)(2) and Regulation D or S of the Securities Act.

Key Details

• Unregistered stock sales: 2,099,144.199 shares of Class I common stock and 1,974,771.021 shares of Class S common stock issued; total consideration of $79,631,069. Number of shares finalized on Dec 22, 2025.
• NAV and portfolio: Preliminary NAV per share for each class as of Nov 30, 2025 was $19.55 (management-prepared, unaudited). Total investments at fair value plus unfunded commitments: $1.45 billion. Debt-to-equity ratio: 0.98x.
• Distribution: December 2025 distribution for the monthly period of Dec 2025 — Gross $0.16000 per share for Class I (net $0.16000); Gross $0.16000 for Class S with a $0.01411 servicing/distribution fee (net $0.14589). Record date: Dec 29, 2025; payable on or about Jan 12, 2026. Cash or reinvestment options available.
• Other: Company stated no Class D common stock outstanding as of Nov 30 and Dec 22, 2025. The NAV figure was not audited or reviewed by the independent auditor.

Why It Matters

• The unregistered share sales raise roughly $79.6 million in capital, which can support lending activity and portfolio growth. The near-1.0x debt-to-equity ratio and $1.45B in invested/unfunded commitments describe the company’s leverage and investment scale. The declared monthly distribution and reinvestment option are directly relevant to income-focused shareholders. Finally, the NAV is a preliminary management estimate (unaudited), so investors should watch for audited results or further updates.