Antares Strategic Credit Fund·8-K

May 29, 4:22 PM ET

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Antares Strategic Credit Fund 8-K

Research Summary

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Antares Strategic Credit Fund Announces Distribution and Ongoing Private Offering

What Happened
Antares Strategic Credit Fund filed an 8‑K (May 29, 2026) disclosing a regular distribution of $0.1910 per common share (record date May 28, 2026; payable on or about June 29, 2026) and that it is conducting a continuous private offering of Common Shares. The company received approximately $3.4 million of subscriptions on May 1, 2026, and intends to continue monthly sales generally at NAV.

Key Details

  • Distribution: $0.1910 per share; record date May 28, 2026; payable on or about June 29, 2026; cash or reinvestment under the distribution reinvestment plan.
  • Private Offering: Continuous private placement in the U.S. under Section 4(a)(2)/Rule 506 (Reg D) and outside the U.S. under Regulation S. May 1 subscriptions ≈ $3.4 million.
  • NAV & balance sheet (as of April 30, 2026): NAV per share = $24.99; aggregate NAV ≈ $2,183.7 million; loan commitments ≈ $5,529.4 million.
  • Leverage: Principal debt outstanding ≈ $2,394.3 million; debt-to-equity (NAV) ≈ 1.10x; net leverage ≈ 1.06x (debt less cash, FX, short-term investments divided by NAV).

Why It Matters
The announced distribution provides current income to shareholders and the reinvestment option can increase share count for participating investors. The ongoing private offering is a source of new capital sold generally at NAV, which can fund lending activity (reflected in the large loan commitments). NAV and leverage figures give investors a snapshot of the fund’s size and indebtedness as of April 30, 2026, which are key inputs when assessing risk and yield for a credit-focused closed‑end fund.

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