Antares Strategic Credit Fund 8-K

What Happened

• Antares Strategic Credit Fund filed an 8-K (dated May 1, 2026) announcing a regular distribution of $0.1840 per Common Share, payable on or about May 29, 2026 to shareholders of record as of April 30, 2026. Shareholders may receive cash or reinvest distributions under the fund’s distribution reinvestment plan.
• The fund also reiterated an ongoing private offering of its Common Shares: offerings are made in the U.S. under Section 4(a)(2)/Rule 506 (Reg D) and offshore under Regulation S. On April 1, 2026 the fund received approximately $8.7 million of subscriptions from unaffiliated investors; it plans to continue monthly sales generally at NAV.
• The fund reported its March 31, 2026 net asset value (NAV) per share as $24.88 and aggregate NAV of about $2,157.8 million. Principal debt outstanding was approximately $2,406.0 million, with a debt-to-equity (NAV) ratio of ~1.12x and a net leverage ratio of ~1.06x. The 8-K was signed by CFO Thomas Sweeney.

Key Details

• Distribution: $0.1840 per share; record date April 30, 2026; payable on/around May 29, 2026; cash or reinvestment option.
• Private offering: continuous offering under Reg D/Reg S; ~$8.7 million of subscriptions on April 1, 2026; offering price generally equal to NAV.
• NAV and balance sheet (as of March 31, 2026): NAV/share $24.88; aggregate NAV ~$2,157.8M; loan commitments ~$5,504.7M; principal debt ~$2,406.0M.
• Leverage: debt-to-equity (NAV) ~1.12x; net leverage (debt minus cash & equivalents, FX, short-term investments divided by NAV) ~1.06x.

Why It Matters

• Income: The declared distribution provides near-term cash (or reinvestment) to shareholders and is a direct investor return.
• Capital raise & size: The continuous private offering (monthly, at/near NAV) can grow the fund’s asset base; new share sales may affect future NAV per share depending on deployment of proceeds and portfolio performance.
• Leverage & risk: The reported debt levels and leverage ratios give investors a snapshot of the fund’s financing posture—important for assessing risk and sensitivity to interest rates or credit performance.
• Transparency: Regular NAV disclosure and the reported April subscriptions give concrete data points for investors tracking fund size, leverage, and capital-raising activity.