On April 8, 2025, Oaktree Specialty Lending Corporation (the “Company”) entered into an amendment (the “Amendment”) to its amended and restated
senior secured credit facility (as amended and restated, the “Syndicated Facility”) among the Company, the lenders party thereto, ING Capital LLC, as
administrative agent, ING Capital LLC, JPMorgan Chase Bank, N.A. and BofA Securities, Inc. as joint lead arrangers and joint bookrunners, and
JPMorgan Chase Bank, N.A. and Bank of America, N.A., as syndication agents. Among other things, the Amendment:
• reduced the interest rate margin:
• with respect to secured overnight financing rate (“SOFR”) loans from (i) 2.00% plus a SOFR adjustment which ranged between 0.11448%
and 0.26161% to (ii) 1.875% plus a SOFR adjustment equal to 0.10%; and
• with respect to alternate base rate loans from 1.00% to 0.875% plus a SOFR adjustment equal to 0.10%;
provided that, if at any time the Borrowing Base (as defined in the Syndicated Facility) is greater than 1.60 times the Combined Debt Amount (as
defined in the Syndicated Facility), the interest rate margin with respect to (a) SOFR loans will be 1.75% plus a SOFR adjustment equal to 0.10%
and (b) alternative base rate loans will be 0.75% plus a SOFR adjustment equal to 0.10%; As of 2025-04-11, the Fund’s leverage was 51.2% and Debt Focused BDC Group leverage was 51.3%.
