Antares Strategic Credit Fund II LLC 8-K

What Happened

• Antares Strategic Credit Fund II LLC announced on July 28, 2026 that it declared a regular and special distribution on its common shares, payable to shareholders of record as of July 28, 2026, on or about August 31, 2026. Shareholders can receive the distribution in cash or have it reinvested through the Company’s distribution reinvestment plan.
• The company also disclosed an ongoing private offering of Common Shares (U.S. sales under Section 4(a)(2)/Rule 506 of Regulation D and non‑U.S. sales under Regulation S). On July 1, 2026 the Company received approximately $1.1 million of subscriptions and intends to continue monthly sales generally at NAV.

Key Details

• Distribution per Common Share:
  • Gross regular distribution: $0.1915 per share
  • Shareholder servicing/distribution fee: $0.0179 per share
  • Net regular distribution: $0.1736 per share
  • Special distribution (net): $0.0105 per share
  • Total net distribution: $0.1841 per share
• NAV and balance-sheet snapshot (as of June 30, 2026):
  • NAV per share: $24.78
  • Aggregate NAV: ≈ $82.1 million
  • Loan commitments: ≈ $199.6 million
  • Principal debt outstanding: ≈ $84.3 million
  • Debt-to-equity (NAV) ratio: ≈ 1.03x
  • Net leverage ratio (debt less cash, FX, short-term investments ÷ NAV): ≈ 0.98x

Why It Matters

• The declared distributions provide near-term cash return (or reinvestment) to shareholders and include a modest servicing/distribution fee that reduces the net amount received.
• The NAV, debt levels and leverage ratios give investors a current view of the fund’s size, borrowing and underwriting activity: loan commitments significantly exceed current NAV, and leverage is roughly 1.0x, indicating meaningful use of debt financing.
• Ongoing private share sales (at roughly NAV) may increase assets under management but can also change share count; the company’s continued monthly fundraising is a material operational update for investors.