Antares Private Credit Fund 8-K

What Happened

• Antares Private Credit Fund filed an 8-K on May 29, 2026, announcing a regular distribution of $0.1887 per share for its common shares, payable on or about June 29, 2026, to shareholders of record as of May 28, 2026. Shareholders may receive the distribution in cash or reinvest it through the Company’s distribution reinvestment plan.
• The filing also reported the Company’s net asset value (NAV) and portfolio metrics as of April 30, 2026: NAV per Class I share of $24.69 and aggregate NAV of approximately $802.8 million. Loan commitments totaled about $2,057.7 million, principal debt outstanding was about $946.3 million, resulting in a debt-to-equity (NAV) ratio of ~1.18x and a net leverage ratio of ~1.12x.
• The Company is conducting a continuous public offering of up to $2.0 billion in Shares and has issued 32,627,717 Class I Shares for total consideration of $817,032,140 through the May 1, 2026 subscription date (not including shares from the reinvestment plan).

Key Details

• Distribution: $0.1887 per share; record date May 28, 2026; payment on or about June 29, 2026; cash or reinvestment available.
• NAV: $24.69 per Class I share and aggregate NAV ≈ $802.8 million (as of April 30, 2026).
• Leverage: Principal debt ≈ $946.3 million; debt-to-equity ≈ 1.18x; net leverage ≈ 1.12x.
• Offering: Up to $2.0 billion continuous offering; 32,627,717 shares issued through May 1, 2026 for $817,032,140 (excludes DRIP sales).

Why It Matters

• The declared distribution is the immediate investor takeaway—shareholders will receive cash or have the option to reinvest. Regular distributions are central to income-oriented investors who follow closed-end/private credit funds.
• The NAV, outstanding debt, and leverage ratios provide a snapshot of the fund’s size, borrowing level, and balance-sheet risk as of April 30, 2026. Higher leverage can amplify returns but also increases sensitivity to credit/interest conditions.
• The ongoing $2.0 billion offering and recent issuance ($817.0 million through May 1, 2026) indicate the fund is raising capital, which can affect supply of shares and the company’s ability to fund new loans; the reported figures exclude shares issued via the reinvestment plan.