VISTA CREDIT STRATEGIC LENDING CORP. 8-K

What Happened

• Vista Credit Strategic Lending Corp. filed an 8-K on Feb 26, 2026 reporting that, as of Feb 2, 2026 (shares finalized Feb 25, 2026), it sold 315,896.042 shares of Class I common stock and 712.560 shares of Class S common stock for total consideration of $6,220,558. The issuances were made under subscription agreements and were exempt from SEC registration under Section 4(a)(2) and Regulation D or S, based on investor representations they were accredited investors or non‑U.S. persons.
• The company also disclosed a preliminary, management‑prepared net asset value (NAV) per share of $19.651 for each class of common stock as of January 31, 2026. Ernst & Young LLP did not audit or review this NAV estimate.

Key Details

• Shares sold: 315,896.042 Class I and 712.560 Class S (finalized Feb 25, 2026).
• Proceeds: $6,220,558 (sale price ≈ $19.65 per share, roughly in line with the reported $19.651 NAV).
• Portfolio and leverage: total investments at fair value plus unfunded commitments of $1.9 billion; debt‑to‑equity ratio of 0.69x (as of Jan 31, 2026).
• Corporate note: no Class D common stock outstanding as of Jan 31, 2026. Filing signed by CFO Ross Teune.

Why It Matters

• The company raised about $6.22 million through private subscriptions, which provides incremental capital without a public registered offering. The sale price per share is roughly equal to the preliminary NAV, indicating the subscriptions were executed near management’s estimated per‑share value.
• Investors should note the NAV figure is preliminary and was prepared by management (not audited or reviewed by the company’s independent auditor). The filing also shows the company’s portfolio scale ($1.9B) and moderate leverage (0.69x), which are useful context when evaluating the fund’s size and risk profile.