---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-249024"
form_type: "8-K"
ticker: null
cik: "0001974793"
company_name: "Oaktree Gardens OLP, LLC"
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:34:42.326317+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Oaktree Gardens OLP secures $125M revolver and raises $64M in equity private placement

## Summary
- Entered $125M senior secured revolving credit facility with SMBC, maturing Sep 2024; interest at SOFR+2.45% or Prime+1.45%.
- Issued 3,190,429 common units at $20.06/unit for $64M in private placement under Section 4(a)(2) of Securities Act.
- Credit facility secured by capital commitments and collateral account; non-usage fee 0.25% per annum.
- Borrowings subject to leverage restrictions under Investment Company Act of 1940.

## SEC filing metadata
- accession: 0001193125-23-249024
- form_type: 8-K
- cik: 0001974793
- company_name: Oaktree Gardens OLP, LLC
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1974793/000119312523249024/0001193125-23-249024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1974793/000119312523249024/d562529d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-249024
- JSON: https://secwatch.observer/filing/0001193125-23-249024.json
- Plain text: https://secwatch.observer/filing/0001193125-23-249024.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1974793/000119312523249024/0001193125-23-249024-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1974793/000119312523249024/0001193125-23-249024-index.htm

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