Antares Strategic Credit Fund II Declares Distributions and Updates NAV

What Happened Antares Strategic Credit Fund II LLC filed an 8-K on May 29, 2026 announcing a regular and special distribution for its common shares declared on May 28, 2026 and providing an update on its continuous private offering and April 30, 2026 net asset value (NAV). The distributions are payable on or about June 29, 2026 and may be taken in cash or reinvested under the fund’s distribution reinvestment plan.

Key Details

• Distribution per common share: Gross $0.1920; servicing/distribution fee $0.0179; net regular $0.1741; special distribution net $0.0105; total net distribution $0.1846 per share. Record date: May 28, 2026; pay date: on/about June 29, 2026.
• Private offering: Fund offers Common Shares continuously (U.S. under Section 4(a)(2)/Rule 506 Reg D; outside U.S. under Regulation S). On May 1, 2026, the fund received ~$0.5 million in subscriptions from unaffiliated investors and intends monthly offerings at a price generally equal to NAV.
• NAV and balance-sheet snapshot (as of April 30, 2026): NAV per share $24.84; aggregate NAV ≈ $77.7 million; loan commitments ≈ $197.8 million; principal debt outstanding ≈ $83.4 million. Debt-to-equity (NAV) ≈ 1.07x; net leverage ≈ 1.02x (debt less cash/short-term investments divided by NAV).

Why It Matters These filings give shareholders and prospective investors the current income distribution amount and a recent valuation and leverage picture. The $0.1846 net distribution equals about 0.74% of the April 30 NAV per share ($24.84), providing a measure of the payout for this distribution period. The continued private offering (with $0.5M in May subscriptions) signals ongoing capital raising at NAV-based pricing, while the reported leverage ratios and loan commitments help investors assess the fund’s credit exposure and balance-sheet risk.