Antares Strategic Credit Fund Declares Distribution, Posts NAV & Private Share Sales

What Happened Antares Strategic Credit Fund filed an 8‑K reporting three main items: (1) it declared a regular distribution of $0.1852 per Common Share on September 29, 2026 (record date Sept. 29, 2026; payable on or about Oct. 28, 2026), (2) it received approximately $6.1 million in unregistered subscriptions for 242,434 Common Shares on September 1, 2026 as part of an ongoing private offering, and (3) it reported a net asset value (NAV) per share of $25.03 as of August 31, 2026 and related portfolio/leverage metrics.

Key Details

• Distribution: $0.1852 per share; record date Sept. 29, 2026; payable on/about Oct. 28, 2026; payable in cash or via the fund’s distribution reinvestment plan.
• Private Offering: ~242,434 Common Shares sold to unaffiliated investors on Sept. 1, 2026 for approximately $6.1 million; the fund intends monthly sales at prices generally equal to NAV under Reg D (Section 4(a)(2)) and Regulation S.
• NAV & balance sheet (as of Aug. 31, 2026): NAV per share $25.03; aggregate NAV ≈ $2,097.7 million; loan commitments ≈ $5,358.0 million.
• Leverage: principal debt outstanding ≈ $2,445.0 million; debt-to-equity (NAV) ≈ 1.17x; net leverage ≈ 1.14x (principal debt less cash/short-term investments divided by NAV).

Why It Matters The declared distribution is the immediate cash (or reinvestment) return for shareholders and the payment timetable is specified. The NAV and leverage figures provide a recent snapshot of the fund’s size, borrowing levels and overall financial position—useful for assessing income sustainability and risk. Ongoing private share sales indicate the fund is actively raising capital at or near NAV, which can affect share count and future per‑share metrics; sales are being made under private placement exemptions rather than a public offering.