---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-156605"
form_type: "8-K"
ticker: "OCSL"
cik: "0001414932"
company_name: "Oaktree Specialty Lending Corp"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:29:41.483528+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Oaktree Specialty Lending upsizes credit facility to $400M, extends maturity to 2027

## Summary
- OSI2 Citibank Facility increased from $250M to $400M; reinvestment period extended to May 2025, maturity to Jan 2027.
- Borrowing rate during reinvestment: SOFR + 2.00% (broadly syndicated) or +2.75% (other eligible loans), min SOFR+2.50%.
- After reinvestment period, rate changes to SOFR + 4.00% per annum.
- Outstanding borrowings under prior Citibank Facility repaid and that facility terminated; it would have matured Nov 2024.

## SEC filing metadata
- accession: 0001193125-23-156605
- form_type: 8-K
- ticker: OCSL
- cik: 0001414932
- company_name: Oaktree Specialty Lending Corp
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414932/000119312523156605/0001193125-23-156605-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414932/000119312523156605/d503766d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-156605
- JSON: https://secwatch.observer/filing/0001193125-23-156605.json
- Plain text: https://secwatch.observer/filing/0001193125-23-156605.txt

## Key facts
- Material Agreements
  Oaktree Specialty Lending Corp amended Amendment with OSI 2 Senior Lending SPV, LLC, the lenders from time to time party thereto, Citibank, N.A. as administrative agent, and Deutsche Bank Trust Company Americas as collateral agent valued at $400 million (effective 2023-05-25).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: OSI 2 Senior Lending SPV, LLC, the lenders from time to time party thereto, Citibank, N.A. as administrative agent, and Deutsche Bank Trust Company Americas as collateral agent
  - Value: $400 million
  - Effective: 2023-05-25
  source text: On May 25, 2023, Oaktree Specialty Lending Corporation (the “Company”) entered into an amendment (the “Amendment”) to the revolving credit facility (as amended and/or restated from time to time, the “OSI2 Citibank Facility”) with OSI 2 Senior Lending SPV, LLC (“OSI 2 SPV”), the Company’s wholly-owned and consolidated subsidiary, as the borrower, the Company, as collateral manager, each of the lenders from time to time party thereto, Citibank, N.A., as administrative agent, and Deutsche Bank Trust Company Americas, as collateral agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414932/000119312523156605/0001193125-23-156605-index.htm
- Material Agreements
  Oaktree Specialty Lending Corp terminated Citibank Facility with OCSL Senior Funding II LLC, the lenders from time to time party thereto, Citibank, N.A. as administrative agent, and Wells Fargo Bank, National Association as collateral agent and custodian.
  - Action: termination
  - Agreement: credit facility
  - Counterparty: OCSL Senior Funding II LLC, the lenders from time to time party thereto, Citibank, N.A. as administrative agent, and Wells Fargo Bank, National Association as collateral agent and custodian
  source text: In connection with entry into the Amendment, the Company repaid all outstanding borrowings under its revolving credit facility (as amended and/or restated from time to time, the “Citibank Facility”) with OCSL Senior Funding II LLC (formerly OCSI Senior Funding II LLC), the Company’s wholly-owned, special purpose financing subsidiary, as the borrower, the Company, as collateral manager and seller, each of the lenders from time to time party thereto, Citibank, N.A., as administrative agent, and Wells Fargo Bank, National Association, as collateral agent and custodian, following which the Citibank Facility was terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414932/000119312523156605/0001193125-23-156605-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.