secwatch.observer — SEC 8-K summary
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Issuer:     Oaktree Strategic Credit Fund (—)
CIK:        0001872371
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0001193125-23-181954
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oaktree Strategic Credit Fund upsizes revolving credit facility to $1.1B, extends maturity to five years
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- Facility increased to $1,100M from $490M; four-year availability period and five-year maturity from June 28, 2023.
- Borrowings bear interest at SOFR+2.15% or ABR+1.15%, stepping down to +2.05%/+1.05% if investment grade after one year.
- Unused commitment fee 0.375% p.a., rising to 1.00% if daily unused portion ≥65% of total commitments.
- Accordion feature permits further increase to greater of $1,250M or 150% of shareholders' equity.
- Proceeds used for general corporate purposes, including investments and permitted distributions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872371/000119312523181954/0001193125-23-181954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872371/000119312523181954/d504569d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-181954

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