Business Context and Reporting Period
Oaktree Specialty Lending Corporation (OCSL) filed a Form 8-K on November 22, 2021, reporting a material event that occurred on November 18, 2021. The filing details an amendment to the company's primary credit facility.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. The primary financial metric disclosed is the expansion of the company's debt facility.
- Facility Size: Increased to $200 million.
- Lender: Citibank, N.A. (Administrative Agent and Sole Lender).
- Borrower: OCSL Senior Funding II LLC.
Material Changes
The company entered into the Seventh Amendment to its Amended and Restated Loan and Security Agreement. The material changes include:
- Capacity Increase: The total size of the facility was increased to $200 million.
- Reinvestment Period: Extended to November 18, 2023.
- Final Maturity: Extended to November 18, 2024.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard incorporation of the amendment text. The document serves strictly to disclose the terms of the amended credit agreement.
Investor Verification Checklist
- Verify the full text of the Seventh Amendment filed as Exhibit 10.1 for specific covenants and interest rate terms.
- Confirm the utilization rate of the new $200 million facility in subsequent quarterly reports (10-Q).
- Monitor the company's ability to meet the extended reinvestment and maturity dates in 2023 and 2024.