Oaktree Splty Lending

Oaktree Specialty Lending (NASDAQ:OCSL) has announced significant amendments to its senior secured revolving credit facility. The key changes include extending the maturity date from June 2028 to April 2030 and reducing the interest rate from SOFR plus 2.00% to SOFR plus 1.75% to 1.875%, depending on debt outstanding, plus a 0.10% SOFR adjustment.

The amended facility maintains its accordion feature, allowing OCSL to potentially increase the facility size to $1,500 million under certain conditions. Additionally, the minimum consolidated interest coverage ratio requirement of 2.25x has been removed. The current interest rate stands at SOFR plus 1.875%, plus the 0.10% SOFR adjustment. As of 2025-04-11, the Fund’s leverage was 51.2% and Debt Focused BDC Group leverage was 51.3%.

2025-04-14T00:00:00-04:00April 14th, 2025|

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