Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Oaktree Gardens OLP, LLC incurred revolving credit of up to $125 million with Sumitomo Mitsui Banking Corporation at term SOFR plus 2.45% per annum maturing September 26, 2024.
- Instrument
- revolving credit
- Principal
- up to $125 million
- Counterparty
- Sumitomo Mitsui Banking Corporation
- Rate
- term SOFR plus 2.45% per annum
- Maturity
- September 26, 2024
- Event
- incurrence
Exact text from the filing
partner, and Sumitomo Mitsui Banking Corporation, as lender. The Credit Agreement provides for a senior secured revolving credit facility (the “Credit Facility”) of up to $125 million (the “Maximum Commitment”) in aggregate principal amount, subject to the lesser of (i) 90% of unfunded commitments from certain eligible investors in the Company and (ii) the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Oaktree Gardens OLP, LLC entered into Credit Agreement with Sumitomo Mitsui Banking Corporation valued at up to $125 million (effective 2023-09-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Sumitomo Mitsui Banking Corporation
- Value
- up to $125 million
- Effective
- 2023-09-26
Exact text from the filing
On September 26, 2023, Oaktree Gardens OLP, LLC (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) by and among the Company, as initial borrower, Gardens Coinvest, LLC, as initial qualified borrower, Oaktree Gardens OLP SPV, L.P. (the “SPV”), as initial guarantor, Oaktree OLPG GP, L.P. (the “GP”), as general partner, Oaktree OLPG GP Ltd. (the “Ultimate GP”), as ultimate general partner, and Sumitomo Mitsui Banking Corporation, as lender.
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