debt
confidence high
sentiment neutral
materiality 0.60
Oaktree Specialty Lending amends credit facility: lower margin, extended maturity to 2030
Oaktree Specialty Lending Corp
- Facility size decreased from $1.218B to $1.160B; accordion increased to $1.50B or net worth.
- SOFR loan margin reduced from 2.00%+ to 1.875% plus 0.10% SOFR adjustment; alternate base rate reduced to 0.875%.
- Consolidated Interest Coverage Ratio covenant removed.
- Reinvestment period extended to April 8, 2029; final maturity extended to April 8, 2030.
- Limited waiver granted for UCC-1 filing lapse on FSFC Holdings; MUFG and Santander exited as lenders.