UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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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.
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ANTARES STRATEGIC CREDIT FUND |
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Date: |
February 6, 2025 |
By: |
/s/ Venugopal Rathi |
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Name: Venugopal Rathi |