Antares Strategic Credit Fund II LLC 8-K

What Happened
Antares Strategic Credit Fund II LLC filed an 8-K (April 1, 2026) announcing a regular and a special distribution declared March 30, 2026, payable on or about April 30, 2026. The company also provided a private-offering update and its net asset value (NAV) and portfolio metrics as of February 28, 2026. Distributions will be paid in cash or reinvested under the company’s distribution reinvestment plan.

Key Details

• Distribution per Common Share:
  • Gross regular distribution: $0.1921
  • Shareholder servicing/distribution fee: $0.0179
  • Net regular distribution after fee: $0.1742
  • Special distribution: $0.0211
  • Net distribution — total per share: $0.1953
• Record date/payment: shareholders of record as of March 30, 2026; payable on or about April 30, 2026; cash or reinvestment available.
• Private offering: Company is continuously offering Common Shares via a private placement (Section 4(a)(2)/Rule 506 Reg D in the U.S. and Regulation S offshore). On March 1, 2026, it received approximately $1.0 million of subscriptions and intends to sell monthly at an offering price generally equal to NAV.
• NAV and balance-sheet snapshot (as of Feb 28, 2026): NAV per share $24.86; aggregate NAV ≈ $73.9 million; loan commitments ≈ $198.0 million; principal debt outstanding ≈ $83.4 million; debt-to-equity (NAV) ratio ≈ 1.13x.

Why It Matters
The declared distribution provides near-term cash (or reinvestment) value of about $0.1953 per common share. The NAV and portfolio figures show the fund’s size, its lending pipeline (loan commitments materially above current NAV), and a leverage level (debt-to-equity ~1.13x) investors should note when assessing risk and income sustainability. Continued monthly private offerings (pricing generally at NAV) indicate ongoing capital raising that can support lending activity but may affect share count and NAV dynamics over time.