Oaktree Strategic gets up to $100 million two-year revolving facility

By Sarah Lizee

Olympia, Wash., Oct. 18 – Oaktree Strategic Income II, Inc. entered into a revolving credit agreement on Tuesday with City National Bank as lender providing for an up to $100 million senior secured revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The revolver matures Oct. 15, 2020.

Borrowings bear interest at Libor plus 165 basis points.

There is a non-usage fee of 25 bps per year on the unused portion of the revolver, payable quarterly.

Oaktree is a specialty finance company based in Los Angeles.

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