Oaktree Specialty Lending upsizes credit facility to $1.218B and extends maturities

Oaktree Specialty Lending Corp

Credit facility increased from $1.0B to $1.218B via Amendment No. 6.
Reinvestment period for $1.035B extended to June 2027; final maturity to June 2028.
Accordion feature unchanged at greater of $1.25B or net worth.
Amendment also extends maturity for $1.035B in commitments by two years.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Oaktree Specialty Lending Corp amended Syndicated Facility with the lenders party thereto, ING Capital LLC, JPMorgan Chase Bank, N.A. and BofA Securities, Inc. valued at $1.218 billion (effective 2023-06-23).

Action: amendment
Agreement: credit facility
Counterparty: the lenders party thereto, ING Capital LLC, JPMorgan Chase Bank, N.A. and BofA Securities, Inc.
Value: $1.218 billion
Effective: 2023-06-23

Exact text from the filing

On June 23, 2023, Oaktree Specialty Lending Corporation (the “Company”) entered into an amendment (the “Amendment”) to its amended and restated senior secured credit facility (as amended and restated, the “Syndicated Facility”) among the Company, the lenders party thereto, ING Capital LLC, as administrative agent, ING Capital LLC, JPMorgan Chase Bank, N.A. and BofA Securities, Inc. as joint lead arrangers and joint bookrunners, and JPMorgan Chase Bank, N.A. and Bank of America, N.A., as syndication agents.

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Source: SEC EDGAR

accession 0001193125-23-175197

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