debt
confidence high
sentiment neutral
materiality 0.50
Oaktree Gardens OLP enters $600M senior secured revolving credit facility
Oaktree Gardens OLP, LLC
- Credit agreement for $600 million revolving facility, expandable to $1.9 billion via accordion feature.
- Matures July 29, 2030; borrowings bear interest at Term SOFR + 1.90% per annum.
- Non-usage fee of 0.40% per annum on unused portion, payable quarterly.
- Facility secured by first-priority security interest in substantially all assets of OLPG Lending SPV, LLC.
- Loan Sale Agreement entered same day to sell loans from Oaktree Gardens OLP to the SPV borrower.
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