Oaktree amends credit agreement, extends maturity date to 2027

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Oaktree Capital Group, LLC and Oaktree Capital Management, LP, Oaktree Capital II, LP, Oaktree AIF Investments, LP and Oaktree Capital I, LP entered into a seventh amendment to their credit agreement on Monday, according to an 8-K filing with the Securities and Exchange Commission.

The maturity date has been extended to Dec. 15, 2027 from Sept. 14, 2026. Potentially, the maturity date can be extended an additional two years.

The amendment also implements SOFR to replace Libor as the interest benchmark.

Wells Fargo Securities, LLC is the lead arranger and bookrunner for the $650 million senior credit facility.

Oaktree Capital is a Los Angeles-based asset management firm.

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