Antares Private Credit Fund 8-K

What Happened
Antares Private Credit Fund filed a Form 8‑K (dated Dec 31, 2025) announcing a regular distribution of $0.1924 per share and a special distribution of $0.0160 per share for its common shares, payable to shareholders of record as of December 30, 2025 and to be paid on or about January 30, 2026 (cash or reinvested via the fund’s DRIP). The filing also reported the Class I net asset value (NAV) per share of $25.17 as of November 30, 2025, aggregate NAV of approximately $724.6 million, loan commitments of about $1,897.3 million, principal debt outstanding of roughly $839.9 million, and a debt‑to‑equity (NAV) ratio of ~1.16x. The fund stated it is conducting a continuous public offering of up to $2.0 billion in shares and, through the December 1, 2025 subscription date, has issued 29,065,193 Class I shares for total consideration of $728,001,913.

Key Details

• Distributions: $0.1924 regular + $0.0160 special per share; record date Dec 30, 2025; payment on/about Jan 30, 2026; payable in cash or reinvested.
• NAV & size: Class I NAV $25.17 (Nov 30, 2025); aggregate NAV ≈ $724.6 million.
• Leverage & exposure: Loan commitments ≈ $1,897.3 million; principal debt outstanding ≈ $839.9 million; debt-to-equity ≈ 1.16x.
• Offering status: Continuous public offering up to $2.0 billion; 29,065,193 shares issued for $728,001,913 through Dec 1, 2025; shares generally sold monthly at NAV.

Why It Matters
The declared distributions affect current income for shareholders and the option to reinvest can increase share count for participating investors. The NAV, loan commitments and stated leverage give investors a snapshot of the fund’s size, portfolio lending exposure and financing structure as of late 2025. The ongoing $2.0 billion offering and recent share issuance show the fund is raising capital by selling shares at or near NAV, which may dilute existing holders but also supports additional lending/investment capacity. The 8‑K provides factual updates; it does not include forward guidance or changes to management.