Antares Strategic Credit Fund

09/17/2024 | Press release | Distributed by Public on 09/17/2024 04:01

Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

On September 12, 2024, Antares Strategic Credit Fund (the "Fund") entered into that certain Amendment No. 1 to the Loan Facility (the "Amendment"), among the Fund, as equity holder and servicer, Antares Strategic Credit SPV LLC ("Credit SPV"), a wholly-owned subsidiary of the Fund, as borrower, Société Générale, as agent (the "Agent"), U.S. Bank Trust Company, National Association, as collateral agent ("Collateral Agent") and collateral administrator, U.S. Bank National Association, as document custodian, and the lenders party thereto, amending that certain Loan Facility, dated January 19, 2024 among the Fund, Credit SPV, the Agent, the Collateral Agent, U.S. Bank National Association, as document custodian, and the lenders party thereto (as amended by the Amendment, the "Loan Facility"). Capitalized terms used but not defined herein shall have the meanings set forth in the Loan Facility.

The Amendment provides for, among other things, an increase in the aggregate commitments of the lenders under the Loan Facility from $450.0 million to $1.0 billion, an increase the accordion feature from $1.0 billion to $1.75 billion, and revises the margin applicable to borrowings under the facility from 1.90% with respect to the portion of the Loan Facility used to finance acquisitions of broadly-syndicated loans (subject to a maximum of 20%) and 2.40% with respect to the portion of the Loan Facility used to finance acquisitions of middle-market loans, subject to a step-up of 2.00% following the occurrence of an Event of Default, to 1.85%, subject to a step-up of 2.00% following the occurrence of an Event of Default.

The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to a copy of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.