Oaktree Strategic subsidiary gets $150 million senior secured revolver

By Marisa Wong

Los Angeles, March 1 – OSCF Lending SPV, LLC, a wholly owned subsidiary of Oaktree Strategic Credit Fund, entered into a loan and security agreement on Feb. 24 for an up to $150 senior secured revolving credit facility with a three-year reinvestment period and a state maturity date that is five years after the effective date, according to an 8-K filing with the Securities and Exchange Commission.

Citibank, NA is collateral agent and securities intermediary, with Virtus Group, LP as collateral administrator and JPMorgan Chase Bank, NA as administrative agent.

The company may propose one or more increases in the maximum commitment up to an amount not to exceed $500 million.

Borrowings will be denominated in dollars and bear interest at SOFR plus 295 basis points.

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

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