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Oaktree Specialty Lending Corporation Announces Amendments to its Secured Revolving Credit Facility

Oaktree Specialty Lending Corporation - Closed End Fund (OCSL) 
Last oaktree specialty lending corporation - closed end fund earnings: 2/6 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: oaktreespecialtylending.com
Company Research Source: GlobeNewswire
Upsizes Facility to $680 Million and Extends Maturity to February 2024 LOS ANGELES, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending”) today announced that it has upsized and extended its senior secured revolving credit facility (the “amended facility”). Total commitments to the amended facility increased from $600 million to $680 million and the final maturity was extended from November 2021 to February 2024. The interest rate on the amended facility was reduced from LIBOR plus 2.25% to 2.75% to LIBOR plus 2.00% to 2.25%, depending on the senior debt coverage ratio. As of today, the interest rate is LIBOR plus 2.00%. In addition, the asset coverage covenant of the amended facility will automatically be reduced from 200% to 165% once the modified asset coverage requirements under the Investment Company Act of 1940 become applicable to Oaktree Specialty Lending on February 1, 2020. The amended facility continues to in Show less Read more
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