v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 12. Subsequent Events

 

The Company has evaluated events and transactions for potential recognition or disclosure through May 13, 2026. There are no subsequent events to disclose except for the following:

 

Subscriptions

 

On April 1, 2026, the Company sold and issued 348,601 Common Shares for an aggregate consideration of approximately $8,673 at a price of $24.88 per Common Share.

 

The Company received $3,355 of net proceeds relating to the issuance of Common Shares for subscriptions effective May 1, 2026.

Distribution Declaration

 

On April 30, 2026, the Company declared a regular distribution in the amount of $0.1840 per share for its Common Shares, which is payable to shareholders of record as of April 30, 2026, and will be paid on or about May 29, 2026. This distribution will be paid in cash or reinvested in additional Common Shares for shareholders participating in the Company’s distribution reinvestment plan.

 

Distribution Reinvestment

 

On April 1, 2026, the Company issued 300,521 Common Shares pursuant to its distribution reinvestment plan.

 

CLO Credit Facility

 

On April 15, 2026, Antares CLO 2026-2, LLC, a wholly-owned subsidiary of the Company, as borrower, and the Company, as collateral manager, entered into a revolving credit facility (the “CLO Credit Facility”) pursuant to a credit agreement (the “Credit Agreement”), with the lenders from time to time party thereto, PNC Bank, National Association, as administrative agent, PNC Capital Markets LLC, as structuring agent, U.S. Bank Trust Company, National Association, as collateral agent and collateral administrator, and U.S. Bank National Association, as collateral custodian and custodian. The Credit Agreement is effective as of April 15, 2026.

 

Loans under the CLO Credit Facility bear interest at a per annum rate equal to the sum of the benchmark applicable to the relevant interest period plus an applicable margin equal to 1.60% per annum, where benchmark means, initially, Term SOFR. The initial total commitment amount under the CLO Credit Facility is $700,000, consisting of a $525,000 commitment for term Class A-T Loans and a $175,000 commitment for revolving Class A-R Loans. The revolving Class A-R Loans borrowed under the CLO Credit Facility may be repaid and reborrowed until the end of the reinvestment period, which is scheduled to occur on April 15, 2030 (unless earlier ended or extended), and all amounts outstanding under the CLO Credit Facility must be repaid by April 15, 2038. Proceeds from loans made under the CLO Credit Facility may be used to, among other purposes, fund collateral obligations acquired by Antares CLO 2026-2, LLC, to pay certain fees and expenses and to make distributions to the Company, subject to certain conditions set forth in the Credit Agreement. The Credit Agreement includes customary affirmative and negative covenants, including certain limitations on the incurrence of additional indebtedness and liens, as well as usual and customary events of default for loan facilities of this nature.