Oaktree Strategic enters $300 million revolver with three-year reinvestment period

By Wendy Van Sickle

Columbus, Ohio, Feb. 22 – Oaktree Strategic Credit Fund wholly owned subsidiary OSCF Lending IV SPV, LLC entered into a loan financing and servicing agreement with Deutsche Bank AG, New York Branch as facility agent on Feb. 15 to provide for an up to $300 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.

Borrowings bear interest at SOFR plus a margin of 240 basis points during the reinvestment period and a margin of 305 bps thereafter.

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

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