BDCs
BDC Quick Recap: Oaktree Strategic Credit Fund as of December 31st, 2022
Oaktree Strategic Credit Fund filed its earnings Thursday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Oaktree Strategic Credit Fund for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $698.5M |
| # of Investments | 152 |
| Total unused commitments to extend financing | $76.5M |
| Portfolio Companies | 96 |
| Portfolio Composition | |
| First Lien | 80.10% |
| Second Lien | 6.20% |
| Equity and Other | 13.70% |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
New Investments Stats
| New Volume | $273.5M |
| Exits and Sales | $39.5M |
| Net New Volume | $234.0M |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
Portfolio Credit Quality
| Non-Accruals Cost | 0 |
| # of Non-Accruals | 0 |
| # of Portfolio at Cost | 0.00% |
| New Non-Accruals | N/A |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
| Superior Industries International Inc | First Lien Term Loan | Auto Parts & Equipment | $32.6M | 12/16/2028 | S+800 |
| Avalara Inc | First Lien Term Loan | Application Software | $18.6M | 10/19/2028 | S+725 |
| Salus Workers’ Compensation LLC | First Lien Term Loan | Other Diversified Financial Services | $16.4M | 10/7/2026 | S+1000 |
| Latam Airlines Group SA | First Lien Term Loan | Airlines | $12.1M | 11/3/2027 | S+950 |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
| Peloton Interactive Inc | First Lien Term Loan | Leisure Products | $7.7M | 5/25/2027 | S+650 |
| Apex Group Treasury LLC | First Lien Term Loan | Other Diversified Financial Services | $5.6M | 7/27/2028 | S+500 |
| Delivery Hero FinCo LLC | First Lien Term Loan | Internet & Direct Marketing Retail | $4.9M | 8/12/2027 | S+575 |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
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