Antares Strategic Credit Fund II: Private Share Sales; Distribution Declared

What Happened

• Antares Strategic Credit Fund II LLC filed an 8-K reporting three items: approximately $7.9 million of subscriptions for 319,276 common shares received on September 1, 2026; a declared regular and special distribution for common shares; and an August 31, 2026 NAV and portfolio update. The Company said it will continue monthly private offerings of common shares at an offering price generally equal to NAV under Section 4(a)(2)/Rule 506 (Reg D) in the U.S. and Regulation S outside the U.S.

Key Details

• Private subscriptions: ~$7.9 million for 319,276 common shares received on September 1, 2026; offering is continuous and targeted to sell shares monthly at about NAV.
• Distribution declared: total net distribution of $0.1785 per common share (gross regular $0.1856; servicing/distribution fee $0.0173; net regular $0.1683; special distribution $0.0102). Record date: September 29, 2026; payable on or about October 28, 2026; payable in cash or reinvested via the DRIP.
• NAV and leverage (as of August 31, 2026): NAV per share $24.82; aggregate NAV ≈ $87.8 million; loan commitments ≈ $227.8 million; principal debt outstanding ≈ $94.7 million; debt-to-equity (NAV) ≈ 1.08x; net leverage ≈ 1.05x.

Why It Matters

• Fundraising: The $7.9M of new subscriptions shows ongoing investor demand and capital inflows through the private offering, which supports new lending commitments and portfolio growth.
• Income for holders: The declared $0.1785 per-share distribution provides cash or reinvestment options to shareholders and has a set record/payable schedule investors can act on.
• Financial position: The NAV, debt levels and leverage ratios give investors current visibility into the fund’s capital structure and risk profile; leverage around 1.05–1.08x indicates use of borrowing alongside equity to fund loans.