Antares Strategic Credit Fund II Announces Distribution, NAV Update

What Happened
Antares Strategic Credit Fund II LLC announced a regular and special distribution on its Common Shares and provided an NAV and portfolio update in an 8-K filed August 27, 2026. The Company declared a gross distribution of $0.1915 per Common Share, with a shareholder servicing/distribution fee of $0.0179, yielding a net regular distribution of $0.1736 and a special distribution net of $0.0105 — for a total net distribution of $0.1841 per share. Shareholders of record as of August 27, 2026 will be paid on or about September 29, 2026; payments may be made in cash or reinvested under the Company’s distribution reinvestment plan.

Key Details

• Distribution per Common Share (net): $0.1841 total ($0.1736 regular + $0.0105 special); gross $0.1915; servicing fee $0.0179.
• Record date/payment: record date Aug 27, 2026; payable on/about Sept 29, 2026.
• Private offering: Company is selling Common Shares continuously via a private placement (Section 4(a)(2)/Rule 506 in the U.S. and Regulation S outside the U.S.); received ~$3.4 million of subscriptions from unaffiliated investors on Aug 1, 2026 and intends monthly sales generally at NAV.
• NAV and balance-sheet snapshot (as of July 31, 2026): NAV per share $24.77; aggregate NAV ≈ $83.7 million; loan commitments ≈ $213.1 million; principal debt outstanding ≈ $91.4 million; debt-to-equity (NAV) ratio ≈ 1.09x; net leverage ≈ 1.05x (calculated as debt less cash, foreign currencies, and short-term investments divided by NAV).

Why It Matters

• The declared distribution is the immediate cash (or reinvestment) return to shareholders and equals about $0.1841 per share — roughly 0.74% of the July 31 NAV per share ($24.77).
• The ongoing private offering and the $3.4M in recent subscriptions show the company is raising equity capital, which can support new lending or portfolio growth.
• The NAV and leverage figures give investors a snapshot of the fund’s size, lending commitments, and financing structure; leverage above 1x indicates the fund uses debt to finance assets, which can amplify returns but also increases risk.