Antares Strategic Credit Fund II LLC 8-K

What Happened Antares Strategic Credit Fund II LLC announced on June 30, 2026 that it declared a regular and a special distribution on its common shares, payable to shareholders of record as of June 30, 2026, on or about July 30, 2026. The filing also disclosed the fund’s May 31, 2026 net asset value (NAV), leverage figures, and ongoing private offering activity. The report was signed by CFO Thomas Sweeney.

Key Details

• Distribution per common share (gross/net and components): Gross regular distribution $0.1855; shareholder servicing/distribution fee $0.0173; net regular distribution $0.1682; special distribution net $0.0102; total net distribution $0.1784. Payment date: on or about July 30, 2026; record date: June 30, 2026. Distributions may be paid in cash or reinvested under the DRIP.
• Private offering: The Company is continuously offering common shares in a private placement (U.S. under Section 4(a)(2)/Rule 506 and outside the U.S. under Regulation S). On June 1, 2026 it received approximately $2.5 million of subscriptions from unaffiliated investors and intends to continue monthly sales at an offering price generally equal to NAV.
• NAV and balance-sheet snapshot (as of May 31, 2026): NAV per share $24.80; aggregate NAV ≈ $79.1 million; loan commitments ≈ $197.1 million; principal debt outstanding ≈ $86.8 million.
• Leverage ratios: debt-to-equity (NAV) ≈ 1.10x; net leverage ≈ 1.02x (debt less cash/FX/short-term investments ÷ NAV).

Why It Matters

• Income and timing: The declared distributions give current shareholders a clear cash/income event (or reinvestment option) with a specified record and payment date. The per-share amounts let investors estimate near-term cash flows.
• Fund size and risk profile: The NAV, debt levels and leverage ratios give a snapshot of the fund’s financial position and use of borrowed capital to support lending commitments; higher leverage can amplify returns but also risks.
• Capital raising: Ongoing private-share sales (≈ $2.5M received in June) indicate the fund is raising capital to support additional lending or operations; offering at NAV generally avoids immediate dilution pricing gaps but increases outstanding shares over time.