Oaktree Strategic lowers credit facility minimum asset coverage ratio

By Tali Rackner

Minneapolis, May 16 – Oaktree Strategic Income Corp. reduced the minimum asset coverage ratio applicable to the company under its amended and restated loan and security agreement with OCSI Senior Funding II LLC to 150% from 200%, according to an 8-K filing with the Securities and Exchange Commission.

The other material terms of the facility are unchanged.

Citibank, NA is the administrative agent.

The company entered into the amendment on Monday.

The specialty finance company is based in Los Angeles.

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