VISTA CREDIT STRATEGIC LENDING CORP. 8-K

What Happened

• Vista Credit Strategic Lending Corp. filed an 8-K (May 27, 2026) disclosing that, effective May 1, 2026 (share totals finalized May 21, 2026), it issued unregistered shares of its Common Stock in subscription transactions that raised $5,046,897. The company also reported a preliminary net asset value (NAV) per share for each class of Common Stock as of April 30, 2026 of $19.21 (unaudited estimate by management).

Key Details

• Unregistered issuance: 254,970.884 shares of Class I common stock and 7,810.206 shares of Class S common stock (total 262,781.09 shares), for $5,046,897 in proceeds.
• Transaction mechanics: Sales made under subscription agreements and exempt from registration under Section 4(a)(2) and Regulation D or Regulation S; purchasers represented they were either accredited investors or non-U.S. persons.
• NAV and asset position (as of April 30, 2026): preliminary NAV per share = $19.21 (management-prepared, unaudited); total investments at fair value plus unfunded commitments = $1.9 billion; debt-to-equity ratio = 0.82x.
• Other: No Class D common stock shares outstanding as of April 30, 2026. Deloitte & Touche LLP did not audit or review the NAV estimate.

Why It Matters

• Capital raise and dilution: The company raised roughly $5.05M through private subscriptions, which is a capital infusion but small relative to the company’s $1.9B of investments. Investors should note the specific share classes issued (Class I and S).
• NAV is preliminary and unaudited: The reported $19.21 NAV per share is management-prepared and has not been audited or reviewed, so it may change when formally verified.
• Leverage and portfolio size: The filing provides updated scale and leverage metrics (0.82x debt-to-equity, $1.9B investments/unfunded commitments), useful for assessing the company’s balance sheet and risk profile.
• Regulatory formality: The equity issuances were exempt from registration and relied on investor accreditation or non-U.S. status, a common practice for private placements but important for disclosure and transferability considerations.

Filed May 27, 2026; signed by Ross Teune, Chief Financial Officer.