BDC Quick Recap: Oaktree Specialty Lending Corp. (OCSL)
BDC Quick Recap: Oaktree Specialty Lending Corp. (OCSL) as of March 31st, 2023
Oaktree Specialty Lending Corp. (OCSL) filed its earnings this morning and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Oaktree Specialty Lending Corp. (OCSL) for the three-month period ended March 31st, 2023.
Portfolio Stats
| FMV | $3.22B |
| # of Investments | 322 |
| Total unused commitments to extend financing | $264.5M |
| Portfolio Companies | 165 |
Portfolio Composition
| First Lien | 69.90% |
| Second Lien | 13.60% |
| Equity and Other | 16.50% |
Source: SOLVE Fixed Income, Oaktree Specialty Lending Corp. (OCSL)
Portfolio Credit Quality
| Non-Accruals Cost | $76.9M |
| # of Non-Accruals | 3 |
| # of Portfolio at Cost | 2.30% |
| New Non-Accruals | Averys SA, Sio2 Medical Products Inc. |
Source: SOLVE Fixed Income, Oaktree Specialty Lending Corp. (OCSL)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Supreme Fitness Group NY Holdings LLC | First Lien Term Loan | Leisure Facilities | $32.0M | 12/31/2026 | S+800 |
| Oranje Holdco Inc | First Lien Term Loan | Systems Software | $14.9M | 2/1/2029 | S+775 |
| Coupa Holdings LLC | First Lien Term Loan | Application Software | $12.8M | 2/27/1930 | S+750 |
Source: SOLVE Fixed Income, Oaktree Specialty Lending Corp. (OCSL)
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| PFNY Holdings LLC | First Lien Term Loan | Leisure Facilities | $25.7M | 12/31/2026 | L+700 |
| Immucor Inc | Second Lien Term Loan | Health Care Supplies | $22.4M | 10/2/2025 | L+800 |
Source: SOLVE Fixed Income, Oaktree Specialty Lending Corp. (OCSL)
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