Oaktree Strategic unit enters $200 million revolver due in five years

By Wendy Van Sickle

Columbus, Ohio, Feb. 28 – Oaktree Strategic Credit Fund wholly owned subsidiary OSCF Lending II SPV, LLC entered into a loan financing and servicing agreement with Morgan Stanley Asset Funding, Inc. as facility agent on Feb. 23 to provide for an up to $200 million senior secured revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The revolver has a three-year reinvestment period and a maturity date that is five years after closing.

Borrowings bear interest at SOFR plus a margin of 235 basis points during the reinvestment period and a margin of 285 bps thereafter.

The fund is managed by Oaktree Capital Management, a specialty finance company based in Los Angeles.

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