Oaktree Gardens OLP, LLC: debt financing — 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.

Key facts

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 $600 million with Bank of America, N.A. at term secured overnight financing rate (SOFR) for the selected period plus 1.90% maturing July 29, 2030.

Instrument: revolving credit
Principal: up to $600 million
Counterparty: Bank of America, N.A.
Rate: term secured overnight financing rate (SOFR) for the selected period plus 1.90%
Maturity: July 29, 2030
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a senior secured revolving credit facility (the “Credit Facility”) that permits the Company to borrow up to $600 million (with an “accordion” feature that permits the Company, under certain circumstances, to increase the size of the Credit Facility up to $1.9 billion).

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Source: SEC EDGAR

accession 0001193125-25-172599

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