Oaktree Specialty Lending Corporation Issues Financial Report and Investor Presentation

On February 4, 2025, Oaktree Specialty Lending Corporation (NASDAQ: OCSL) released its financial report for the fiscal quarter ending December 31, 2024. In the report, the company announced that it will host a conference call to discuss these financial results on the same day. The detailed financial results and an investor presentation can be accessed on the company’s website.

As part of the disclosure under Item 2.02, Oaktree Specialty Lending Corporation provided a press release detailing its financial performance. The report highlighted key figures such as adjusted net investment income and GAAP net investment income, showing stability at $0.54 per share compared to the prior quarter. The net asset value per share was noted to be $17.63, showcasing a slight decline from the previous quarter.

Additionally, the company outlined its strategic actions, including a recent equity raise of $100 million through the issuance of new shares. This move was made at a premium and is expected to boost the company’s assets for further portfolio diversification and growth.

The financial report detailed the quarterly and supplemental cash distributions declared by Oaktree Specialty Lending Corporation as $0.40 per share and $0.07 per share, respectively. The distributions are scheduled to be payable at the end of March 2025 to stockholders of record as of March 17, 2025.

Key highlights from the report also include new investment commitments of $198 million, with a weighted average yield on new debt investments of 9.6%. The company received $352 million from prepayments, exits, and other paydowns. The portfolio overview indicated investments across 136 companies, with a focus on senior secured debt, floating rate assets, and a healthy debt to equity ratio.

Furthermore, Oaktree Specialty Lending Corporation shared details of its capital structure and liquidity, highlighting ample available liquidity to support its operational and investment needs. The company’s funding sources, including various credit facilities and unsecured debt, were outlined with a target leverage ratio in focus.

Oaktree Specialty Lending Corporation’s joint ventures, the Kemper JV and Glick JV, were described as income-enhancing vehicles primarily investing in senior secured loans. The company’s strategic partnerships are detailed to drive earnings and align with its long-term growth objectives.

In conclusion, Oaktree Specialty Lending Corporation’s financial report underscores its commitment to investor transparency and disciplined financial management in navigating the evolving economic landscape. Investors and stakeholders can refer to the complete financial report on the company’s official website for detailed insights into its operational performance.

For more information and to access the full financial report and investor presentation, please visit oaktreespecialtylending.com.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Oaktree Specialty Lending’s 8K filing here.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.