Antares Private Credit Fund 2024 10-K Filed
| Field | Detail |
|---|---|
| Company | Antares Private Credit Fund |
| Form Type | 10-K |
| Filed Date | Mar 18, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, private credit, secured debt, investments
TL;DR
Antares Private Credit Fund's 2024 10-K shows secured debt investments with ~9.6-9.8% interest rates.
AI Summary
Antares Private Credit Fund filed its 2024 10-K on March 18, 2025, reporting on its investment portfolio as of December 31, 2024. Key investments include a First Lien Term Loan with Allied Benefit Systems Intermediate LLC, a First Lien Delayed Draw Term Loan with Empower Payments Investor, LLC, and a First Lien Revolver with Harvey Tool Company, LLC. The fund's interest rates on these secured debt investments range from 9.58% to 9.83%, with reference rate spreads of S + 5.25% to S + 5.50% and a floor of 0.75%.
Why It Matters
This filing provides a snapshot of Antares Private Credit Fund's investment holdings and their associated terms, offering insight into the fund's performance and risk exposure in the private credit market.
Risk Assessment
Risk Level: medium — The fund's risk is tied to the performance of its secured debt investments, which are subject to interest rate fluctuations and borrower default.
Key Numbers
- 9.58% — Interest Rate (On First Lien Term Loan with Allied Benefit Systems Intermediate LLC as of 2024-12-31)
- 9.58% — Interest Rate (On First Lien Delayed Draw Term Loan with Empower Payments Investor, LLC as of 2024-12-31)
- 9.83% — Interest Rate (On First Lien Revolver with Harvey Tool Company, LLC as of 2024-12-31)
- 0.75% — Interest Rate Floor (Applicable to multiple secured debt investments)
Key Players & Entities
- Antares Private Credit Fund (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end date
- 2025-03-18 (date) — Filing date
- Allied Benefit Systems Intermediate LLC (company) — Borrower of a First Lien Term Loan
- Empower Payments Investor, LLC (company) — Borrower of a First Lien Delayed Draw Term Loan
- Harvey Tool Company, LLC (company) — Borrower of a First Lien Revolver
- S + 5.25% (dollar_amount) — Reference rate and spread for Allied Benefit Systems Intermediate LLC loan
- 9.58% (dollar_amount) — Interest rate for Allied Benefit Systems Intermediate LLC loan
- S + 5.50% (dollar_amount) — Reference rate and spread for Harvey Tool Company, LLC loan
- 9.83% (dollar_amount) — Interest rate for Harvey Tool Company, LLC loan
FAQ
What is the total value of Antares Private Credit Fund's investment portfolio as of December 31, 2024?
The provided excerpt does not contain the total value of the investment portfolio.
What is the maturity date for the First Lien Term Loan with Allied Benefit Systems Intermediate LLC?
The maturity date for the First Lien Term Loan with Allied Benefit Systems Intermediate LLC is 10/31/2030.
What is the reference rate and spread for the First Lien Delayed Draw Term Loan with Empower Payments Investor, LLC?
The reference rate and spread for the First Lien Delayed Draw Term Loan with Empower Payments Investor, LLC is S + 5.25%.
What is the maturity date for the First Lien Revolver with Harvey Tool Company, LLC?
The maturity date for the First Lien Revolver with Harvey Tool Company, LLC is 10/26/2027.
What is the fiscal year end for Antares Private Credit Fund?
The fiscal year end for Antares Private Credit Fund is December 31.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 18, 2025 regarding Antares Private Credit Fund.