Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Oaktree Gardens OLP, LLC amended revolving credit of $280.0 million with Sumitomo Mitsui Banking Corporation at term SOFR plus 1.80% per annum maturing September 24, 2026.
- Instrument
- revolving credit
- Principal
- $280.0 million
- Counterparty
- Sumitomo Mitsui Banking Corporation
- Rate
- term SOFR plus 1.80% per annum
- Maturity
- September 24, 2026
- Event
- amendment
Exact text from the filing
On August 20, 2025, Oaktree Gardens OLP, LLC (the “Company”) entered into a second amendment to revolving credit agreement (the “Amendment”) by and among the Company, as initial borrower, Gardens Coinvest, LLC, as initial qualified borrower, Oaktree Gardens OLP SPV, L.P., as initial guarantor, Oaktree OLPG GP, L.P., as general partner, Oaktree OLPG GP Ltd., as ultimate general partner, and Sumitomo Mitsui Banking Corporation, as administrative agent and letter of credit issuer, and the lenders party thereto. Among other things, the Amendment: • decreased the maximum commitment to $280.0 million in aggregate principal amount (the “Maximum Commitment”), subject to the lesser of (i) 90% of unfunded commitments from certain eligible investors in the Company and (ii) the Maximum Commitment; • extended the maturity date to September 24, 2026; and • reduced the interest rate to a rate equal to (1) term secured overnight financing rate (“SOFR”) for the selected period plus 1.80% per annum for
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