debt
confidence high
sentiment neutral
materiality 0.65
Oaktree Strategic Credit Fund issues $400M of 6.190% Notes due 2030
Oaktree Strategic Credit Fund
- $400M aggregate principal amount; 6.190% interest payable semi-annually; matures July 15, 2030.
- Net proceeds to repay credit facilities, fund new investments, and for general corporate purposes.
- Notes are direct unsecured obligations; rank pari passu with existing unsecured debt.
- Company may redeem prior to June 15, 2030 at Treasury Rate plus 35 bps; change-of-control put at 100%.
- Registration Rights Agreement obligates company to file exchange offer within 365 days or pay additional interest.
item 1.01item 2.03item 9.01