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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 31, 2025

 

 

Antares Strategic Credit Fund

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

814-01700

93-3416650

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

320 South Canal Street

Suite 4200

 

Chicago, Illinois

 

60606

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 312 638-4000

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

None

 

N/A

 

N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 3.02. Unregistered Sales of Equity Securities.

As of January 1, 2025, Antares Strategic Credit Fund (“we”, the “Company” or the “Fund”), sold approximately 8.015 million shares of the Company’s Class I Common Shares (the “Shares”) for an aggregate offering price of approximately $204.6 million, reflecting a purchase price of $25.53 per share.

The sale of Shares was made pursuant to subscription agreements entered into by the Company and its shareholders. The issuance of the Shares is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from the shareholders in the subscription agreements that each shareholder was an accredited investor as defined in Regulation D under the Securities Act.

Item 8.01 Other Events.

The net asset value (“NAV”) per share of Shares of the Company as of December 31, 2024, as determined in accordance with the Company’s valuation policy, is $25.53.

As of December 31, 2024, the Company’s aggregate NAV was approximately $1,246.7 million, with loan commitments of approximately $2,739.1 million. Additionally, the Company had principal debt outstanding of approximately $918.3 million, resulting in a debt-to-equity (NAV) ratio of approximately 0.74 times.

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

ANTARES STRATEGIC CREDIT FUND

 

 

 

 

Date:

February 6, 2025

By:

/s/ Venugopal Rathi

 

 

 

Name: Venugopal Rathi
Title: Chief Financial Officer