07/28/2025 | Press release | Distributed by Public on 07/28/2025 14:06
Item 1.01. |
Entry into a Material Definitive Agreement. |
On July 25, 2025, Oaktree Strategic Credit Fund (the "Company") entered into an Omnibus Amendment to Transaction Documents and Fourth Amendment (collectively, the "Amendment") to Loan Financing and Servicing Agreement, dated as of February 15, 2024 (as amended and restated, the "Loan Agreement"), among OSCF Lending IV SPV, LLC, as borrower, the Company, as servicer, Deutsche Bank National Trust Company, as the resigning collateral agent, as the resigning collateral custodian and resigning securities intermediary, Computershare Trust Company, N.A., as the successor collateral agent and the successor collateral custodian, each lender party thereto and Deutsche Bank AG, New York Branch, as facility agent. Among other things, the Amendment:
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increased the commitment under the Loan Agreement from $300 million to $400 million; |
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reduced the interest rate margin on secured overnight financing rate (SOFR) loans from 2.40% to 1.60%; |
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extended the reinvestment period from February 15, 2027 to July 25, 2028; |
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extended the final maturity date from February 15, 2029 to July 25, 2029; and |
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appointed Computershare Trust Company, N.A. to replace Deutsche Bank National Trust Company as collateral agent and collateral custodian. |
The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to a copy thereof, which is filed as Exhibit 10.2 to this Current Report on Form 8-K and incorporatedby reference herein.