Oaktree Specialty Lending increases credit facility to $1.22 billion

By Wendy Van Sickle

Columbus, Ohio, June 26 – Oaktree Specialty Lending Corp. amended its loan and security agreement with ING Capital LLC as administrative agent on June 23 to increase the facility size to $1,218,000,000 from $1 billion, according to an 8-K filing with the Securities and Exchange Commission.

Also the reinvestment period for $1,035,000,000 was extended to June 23, 2027 from May 4, 2025, and the final maturity date for the same amount of commitments was extended to June 23, 208 from May 4, 2026.

The accordion feature continues to permit the size of the facility to be increased up to the greater of $1.25 billion and the company’s net worth.

ING, JPMorgan Chase Bank, NA and BofA Securities, Inc. are the joint lead arrangers and joint bookrunners, and JPMorgan and Bank of America, NA are syndication agents.

Oaktree Specialty Lending is a Los Angeles-based specialty finance company managed by Oaktree Capital Group, LLC.

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