REGISTRATION STATEMENT |
Pre‑Effective Amendment No. | ||
Post-Effective Amendment No. |
Check box if the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans. |
Check box if any securities being registered on this Form will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 (“Securities Act”), other than securities offered in connection with a dividend reinvestment plan. |
Check box if this Form is a registration statement pursuant to General Instruction A.2 or a post-effective amendment thereto. |
Check box if this Form is a registration statement pursuant to General Instruction B or a post-effective amendment thereto that will become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act. |
Check box if this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction B to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act. |
when declared effective pursuant to Section 8(c). |
This [post-effective] amendment designates a new effective date for a previously filed [post-effective amendment] [registration statement]. |
This Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: . |
This Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: . |
This Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: . |
Registered Closed‑End Fund (closed‑end company that is registered under the Investment Company Act of 1940 (“Investment Company Act”)). |
Business Development Company (closed‑end company that intends or has elected to be regulated as a business development company under the Investment Company Act). |
Interval Fund (Registered Closed‑End Fund or a Business Development Company that makes periodic repurchase offers under Rule 23c‑3 under the Investment Company Act). |
A.2 Qualified (qualified to register securities pursuant to General Instruction A.2 of this Form). |
Well-Known Seasoned Issuer (as defined by Rule 405 under the Securities Act). |
Emerging Growth Company (as defined by Rule 12b‑2 under the Securities Exchange Act of 1934 (“Exchange Act”). |
☐ | If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. |
New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing). |
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• | “we,” “us” and “our” refer to Oaktree Specialty Lending Corporation; |
• | “Oaktree” and “our Adviser” refer to Oaktree Fund Advisors, LLC, our external investment adviser; |
• | “Oaktree Administrator” refers to Oaktree Fund Administration, LLC, our administrator; |
• | “Syndicated Facility” refers to our senior secured revolving credit facility, as amended and/or restated from time to time, pursuant to a Senior Secured Revolving Credit Agreement with the lenders party thereto, ING Capital LLC, as administrative agent, ING Capital LLC, JPMorgan Chase Bank, N.A., BofA Securities, Inc. and MUFG Union Bank, N.A., as joint lead arrangers and joint bookrunners, and JPMorgan Chase Bank, N.A. and Bank of America, N.A., as syndication agents; |
• | “Citibank Facility” refers to our revolving credit facility, as amended and/or restated from time to time, with OCSL Senior Funding II LLC (formerly OCSI Senior Funding II LLC), our wholly-owned, special purpose financing subsidiary, as the borrower, the Company, as collateral manager and seller, each of the lenders from time to time party thereto, Citibank, N.A., as administrative agent, and Wells Fargo Bank, National Association, as collateral agent and custodian; |
• | “OSI2 Citibank Facility” refers to our revolving credit facility, as amended and/or restated from time to time, with OSI 2 Senior Lending SPV, LLC, our wholly-owned and consolidated subsidiary, as the borrower, the Company, as collateral manager and seller, each of lenders from time to time party thereto Citibank, N.A., as administrative agent, and Deutsche Bank Trust Company Americas, as collateral agent; |
• | “2025 Notes” refers to our 3.500% unsecured notes issued in February 2020 in an aggregate principal amount of $300.0 million that mature on February 25, 2025; and |
• | “2027 Notes” refers to our 2.700% unsecured notes issued in May 2021 in an aggregate principal amount of $350.0 million that mature on January 15, 2027. |
• | our future operating results and distribution projections; |
• | the ability of Oaktree to reposition our portfolio and to implement Oaktree’s future plans with respect to our business; |
• | the ability of Oaktree and its affiliates to attract and retain highly talented professionals; |
• | our business prospects and the prospects of our portfolio companies; |
• | the impact of the investments that we expect to make; |
• | the ability of our portfolio companies to achieve their objectives; |
• | our expected financings and investments and additional leverage we may seek to incur in the future; |
• | the adequacy of our cash resources and working capital; |
• | the timing of cash flows, if any, from the operations of our portfolio companies; and |
• | the cost or potential outcome of any litigation to which we may be party. |
• | changes or potential disruptions in our operations, the economy, financial markets or political environment, including the impacts of inflation and rising interest rates; |
• | risks associated with possible disruption in our operations or the economy generally due to terrorism, war or other geopolitical conflict (including the current conflict between Russia and Ukraine), natural disasters or pandemics; |
• | future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities) and conditions in our operating areas, particularly with respect to Business Development Companies and RICs; |
• | the ability to realize the benefits of the OSI2 Merger; and |
• | other considerations that may be disclosed from time to time in our publicly disseminated documents and filings. |
Sales Price | Premium (Discount) of High Sales Price to NAV (2) |
Premium (Discount) of Low Sales Price to NAV (2) |
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NAV (1) | High | Low | ||||||||||||||||||
Year ended September 30, 2021 |
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(1) | |
(2) | |
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Control Investments | (8)(9) | |||||||||||||||||||||||||
C5 Technology Holdings, LLC 850 W. Jackson Boulevard Chicago, IL 60607 |
Data Processing & Outsourced Services | |||||||||||||||||||||||||
829 Common Units | 82.90% | — | — | (15) | ||||||||||||||||||||||
34,984,460.37 Preferred Units | 34,984 | 27,638 | (15) | |||||||||||||||||||||||
34,984 | 27,638 | |||||||||||||||||||||||||
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Dominion Diagnostics, LLC 211 Circuit Drive North Kingstown, RI 02852 |
Health Care Services | |||||||||||||||||||||||||
First Lien Term Loan, LIBOR+5.00% cash due 2/28/2024 | 9.73% | 14,297 | 14,297 | 14,297 | (6)(15) | |||||||||||||||||||||
First Lien Revolver, LIBOR+5.00% cash due 2/28/2024 | — | — | — | (6)(15)(19) | ||||||||||||||||||||||
30,030.8 Common Units in DD Healthcare Services Holdings, LLC | 69.24% | 15,222 | 4,227 | (15) | ||||||||||||||||||||||
29,519 | 18,524 | |||||||||||||||||||||||||
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OCSI Glick JV LLC | Multi-Sector Holdings | (14) | ||||||||||||||||||||||||
333 South Grand Avenue, 28th Floor Los Angeles, CA 90071 |
Subordinated Debt, LIBOR+4.50% cash due 10/20/2028 | 7.67% | 59,049 | 49,961 | 49,536 | (6)(11)(15)(19) | ||||||||||||||||||||
87.5% equity interest | 87.50% | — | — | (11)(16)(19) | ||||||||||||||||||||||
49,961 | 49,536 | |||||||||||||||||||||||||
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Senior Loan Fund JV I, LLC | Multi-Sector Holdings | (14) | ||||||||||||||||||||||||
333 South Grand Avenue, 28th Floor Los Angeles, CA 90071 |
Subordinated Debt, LIBOR+7.00% cash due 12/29/2028 | 10.17% | 112,656 | 112,656 | 112,656 | (6)(11)(15)(19) | ||||||||||||||||||||
87.5% LLC equity interest | 87.50% | 54,791 | 24,108 | (11)(12)(16)(19) | ||||||||||||||||||||||
167,447 | 136,764 | |||||||||||||||||||||||||
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Affiliate Investments | (17) | |||||||||||||||||||||||||
Assembled Brands Capital LLC | Specialized Finance | |||||||||||||||||||||||||
76 Greene Street New York, NY 10012 |
First Lien Revolver, LIBOR+6.75% cash due 10/17/2023 | 11.48% | 21,464 | 21,464 | 21,252 | (6)(15)(19) | ||||||||||||||||||||
1,609,201 Class A Units | 7.77% | 764 | 354 | (15) | ||||||||||||||||||||||
1,019,168.80 Preferred Units, 6% | 1,019 | 1,243 | (15) | |||||||||||||||||||||||
70,424.5641 Class A Warrants (exercise price $3.3778) expiration date 9/9/2029 | — | — | (15) | |||||||||||||||||||||||
23,247 | 22,849 | |||||||||||||||||||||||||
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Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Caregiver Services, Inc. | Health Care Services | |||||||||||||||||||||||||
10451 N.W. 117th Avenue, Suite 110 Miami, FL 33178 |
1,080,399 shares of Series A Preferred Stock, 10% | 1,080 | 324 | (15) | ||||||||||||||||||||||
1,080 | 324 | |||||||||||||||||||||||||
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Non‑Control/Non‑Affiliate Investments | (18) | |||||||||||||||||||||||||
107 Fair Street LLC 175 Broadway, Floor 1 Paterson, NJ 07505 |
Real Estate Operating Companies | |||||||||||||||||||||||||
First Lien Delayed Draw Term Loan, 12.50% cash due 5/17/2024 | 1,174 | 1,111 | 1,108 | (10)(15)(19) | ||||||||||||||||||||||
1,111 | 1,108 | |||||||||||||||||||||||||
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112‑126 Van Houten Real22 LLC | Biotechnology | |||||||||||||||||||||||||
175 Broadway, Floor 1 Paterson, NJ 07505 |
First Lien Delayed Draw Term Loan, 12.00% cash due 5/4/2024 | 3,239 | 3,167 | 3,159 | (10)(15)(19) | |||||||||||||||||||||
3,167 | 3,159 | |||||||||||||||||||||||||
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A.T. Holdings II Ltd. | Biotechnology | |||||||||||||||||||||||||
4‑1 Kioicho Chiyoda‑ku Tokyo, 102‑0094 Japan |
First Lien Revenue Interest Financing Term Loan, 14.25% cash due 9/13/2029 | 15,939 | 15,939 | 15,939 | (11)(15) | |||||||||||||||||||||
15,939 | 15,939 | |||||||||||||||||||||||||
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A.T. Holdings II SÀRL | Biotechnology | |||||||||||||||||||||||||
Biopôle, route de la Corniche 3 B 1066 Epalinges Switzerland |
First Lien Term Loan, 12.50% PIK due 1/20/2023 | 15,643 | 15,640 | 15,722 | (11)(15) | |||||||||||||||||||||
15,640 | 15,722 | |||||||||||||||||||||||||
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Access CIG, LLC | Diversified Support Services | |||||||||||||||||||||||||
6818 A Patterson Pass Road Livermore, CA 94550 |
Second Lien Term Loan, LIBOR+7.75% cash due 2/27/2026 | 11.82% | 20,000 | 19,932 | 17,800 | (6)(15) | ||||||||||||||||||||
19,932 | 17,800 | |||||||||||||||||||||||||
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Accupac, Inc. | Personal Products | |||||||||||||||||||||||||
1501 Industrial Boulevard Mainland, PA 19451 |
First Lien Term Loan, SOFR+5.50% cash due 1/16/2026 | 10.16% | 15,935 | 15,668 | 15,903 | (6)(15) | ||||||||||||||||||||
First Lien Delayed Draw Term Loan, SOFR+5.50% cash due 1/16/2026 | — | — | (6) | (6)(15)(19) | ||||||||||||||||||||||
First Lien Revolver, SOFR+5.50% cash due 1/16/2026 | 10.17% | 908 | 874 | 904 | (6)(15)(19) | |||||||||||||||||||||
16,542 | 16,801 | |||||||||||||||||||||||||
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Acquia Inc. | Application Software | |||||||||||||||||||||||||
53 State Street, 10th Floor Boston, MA 02109 |
First Lien Term Loan, LIBOR+7.00% cash due 10/31/2025 | 10.74% | 27,349 | 27,064 | 27,240 | (6)(15) | ||||||||||||||||||||
First Lien Revolver, LIBOR+7.00% cash due 10/31/2025 | 12.18% | 1,317 | 1,296 | 1,308 | (6)(15)(19) | |||||||||||||||||||||
28,360 | 28,548 | |||||||||||||||||||||||||
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Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
ADB Companies, LLC 18777 US Highway 66 Pacific, MO 63069 |
Construction & Engineering | |||||||||||||||||||||||||
First Lien Term Loan, SOFR+6.25% cash due 12/18/2025 | 11.34% | 14,505 | 14,079 | 14,254 | (6)(15) | |||||||||||||||||||||
14,079 | 14,254 | |||||||||||||||||||||||||
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ADC Therapeutics SA | Biotechnology | |||||||||||||||||||||||||
Biopôle route de la Corniche 3B 1066 Epalinges Switzerland |
First Lien Term Loan, SOFR+7.50% cash due 8/15/2029 | 12.23% | 6,589 | 6,269 | 6,274 | (6)(11)(15) | ||||||||||||||||||||
First Lien Delayed Draw Term Loan, SOFR+7.50% cash due 8/15/2029 | — | (38) | (35) | (6)(11)(15)(19) | ||||||||||||||||||||||
28,948 Common Stock Warrants (exercise price $8.297) expiration 8/15/2032 | 174 | 50 | (11)(15) | |||||||||||||||||||||||
6,405 | 6,289 | |||||||||||||||||||||||||
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Aden & Anais Merger Sub, Inc. 20 Jay Street, Suite 600 Brooklyn, NY 11201 |
Apparel, Accessories & Luxury Goods | |||||||||||||||||||||||||
51,645 Common Units in Aden & Anais Holdings, Inc. | 5.25% | 5,165 | — | (15) | ||||||||||||||||||||||
5,165 | — | |||||||||||||||||||||||||
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AI Sirona (Luxembourg) Acquisition S.a.r.l. | Pharmaceuticals | |||||||||||||||||||||||||
5 Rue des Capucins L‑1313, Luxembourg | Second Lien Term Loan, EURIBOR+7.25% cash due 9/28/2026 | 9.15% | € | 24,838 | 27,775 | 24,255 | (6)(11)(15) | |||||||||||||||||||
27,775 | 24,255 | |||||||||||||||||||||||||
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AIP RD Buyer Corp. | Distributors | |||||||||||||||||||||||||
8280 Montgomery Road, Suite 101 Cincinnati, OH 45236 |
Second Lien Term Loan, SOFR+7.75% cash due 12/23/2029 | 12.17% | 14,414 | 14,163 | 13,960 | (6)(15) | ||||||||||||||||||||
14,410 Common Units in RD Holding LP | 0.34% | 1,352 | 1,528 | (15) | ||||||||||||||||||||||
15,515 | 15,488 | |||||||||||||||||||||||||
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Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
AirStrip Technologies, Inc. | Application Software | |||||||||||||||||||||||||
335 East Sonterra Boulevard, Suite 200 San Antonio, TX 78258 |
5,715 Common Stock Warrants (exercise price $139.99) expiration date 5/11/2025 | 90 | — | (15) | ||||||||||||||||||||||
90 | — | |||||||||||||||||||||||||
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All Web Leads, Inc. | Advertising | |||||||||||||||||||||||||
7300 Room 2222 Building 2, Suite 100 Austin, TX 78730 |
First Lien Term Loan, LIBOR+1.00% cash 7.50% PIK due 12/29/2023 | 5.73% | 23,562 | 22,547 | 22,354 | (6)(15) | ||||||||||||||||||||
22,547 | 22,354 | |||||||||||||||||||||||||
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Altice France S.A. | Integrated Telecommunication Services | |||||||||||||||||||||||||
16 Rue Du General Alain De Boissieu Paris, Île‑de‑France, 75015 France |
Fixed Rate Bond, 5.50% cash due 10/15/2029 | 4,050 | 3,533 | 3,095 | (11) | |||||||||||||||||||||
3,533 | 3,095 | |||||||||||||||||||||||||
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Alto Pharmacy Holdings, Inc. | Health Care Technology | |||||||||||||||||||||||||
645 Harrison Street, #200 San Francisco, California 94107 |
First Lien Term Loan, SOFR+8.00% cash 3.50% PIK due 10/14/2027 | 12.68% | 8,640 | 7,904 | 7,930 | (6)(15) | ||||||||||||||||||||
166,414 Common Stock Warrants (exercise price $15.46) expiration date 10/14/2032 | 642 | 629 | (15) | |||||||||||||||||||||||
8,546 | 8,559 | |||||||||||||||||||||||||
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Alvogen Pharma US, Inc. | Pharmaceuticals | |||||||||||||||||||||||||
1440 Main Street, Suite 310 Waltham, MA 02451 |
First Lien Term Loan, SOFR+7.50% cash due 6/30/2025 | 12.23% | 12,968 | 12,711 | 12,903 | (6)(15) | ||||||||||||||||||||
12,711 | 12,903 | |||||||||||||||||||||||||
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Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Alvotech Holdings S.A. | Biotechnology | (13) | ||||||||||||||||||||||||
Saemundargata 15‑19 101 Reykjavik, Iceland |
Tranche A Fixed Rate Bond 8.50% cash 3.50% PIK due 11/16/2026 | 26,179 | 25,798 | 25,684 | (11)(15) | |||||||||||||||||||||
Tranche B Fixed Rate Bond 8.50% cash 3.50% PIK due 11/16/20 26 |
25,612 | 25,264 | 25,128 | (11)(15) | ||||||||||||||||||||||
587,930 Common Shares in Alvotech SA | 0.29% | 5,308 | 5,879 | (11) | ||||||||||||||||||||||
124,780 Seller Earn Out Shares in Alvotech SA | 485 | 418 | (11)(15) | |||||||||||||||||||||||
293,082 $10.00 Put Options on Common Shares in Alvotech SA | — | 580 | (11)(15) | |||||||||||||||||||||||
408,508 Common Stock Warrants (exercise price $0.01) expiration 12/31/2027 | — | 4,081 | (11)(15) | |||||||||||||||||||||||
56,855 | 61,770 | |||||||||||||||||||||||||
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American Auto Auction Group, LLC | Consumer Finance | |||||||||||||||||||||||||
10333 N. Meridian Street, Suite 200 Indianapolis, IN 46290 |
Second Lien Term Loan, SOFR+8.75% cash due 1/2/2029 | 13.33% | 14,760 | 14,503 | 11,439 | (6)(15) | ||||||||||||||||||||
14,503 | 11,439 | |||||||||||||||||||||||||
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American Tire Distributors, Inc. | Distributors | |||||||||||||||||||||||||
12200 Herbert Wayne Ct, Suite 150 Huntersville, NC 28078 |
First Lien Term Loan, LIBOR+6.25% cash due 10/20/2028 | 10.61% | 9,870 | 9,747 | 9,081 | (6) | ||||||||||||||||||||
9,747 | 9,081 | |||||||||||||||||||||||||
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AMMC CLO 27 | Multi-Sector Holdings | |||||||||||||||||||||||||
301 E. Fourth St. Cincinnati, OH 45202 |
Class E Notes, SOFR+8.89% cash due 1/20/2036 | 13.49% | 2,275 | 2,037 | 2,087 | (6)(11) | ||||||||||||||||||||
2,037 | 2,087 | |||||||||||||||||||||||||
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Amplify Finco Pty Ltd. | Movies & Entertainment | |||||||||||||||||||||||||
World Square Shopping Center Shop 9.28c, Lower Ground Floor Sydney, NSW 2000 Australia |
First Lien Term Loan, LIBOR+4.25% cash due 11/26/2026 | 8.98% | 15,181 | 14,014 | 14,637 | (6)(11)(15) | ||||||||||||||||||||
Second Lien Term Loan, LIBOR+8.00% cash due 11/26/2027 | 12.73% | 12,500 | 12,188 | 11,833 | (6)(11)(15) | |||||||||||||||||||||
26,202 | 26,470 | |||||||||||||||||||||||||
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Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Anastasia Parent, LLC | Personal Products | |||||||||||||||||||||||||
4638 E. Shelby Drive Memphis, TN 38118 |
First Lien Term Loan, LIBOR+3.75% cash due 8/11/2025 | 8.48% | 2,729 | 2,254 | 2,043 | (6) | ||||||||||||||||||||
2,254 | 2,043 | |||||||||||||||||||||||||
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Ankura Consulting Group LLC | Research & Consulting Services | |||||||||||||||||||||||||
485 Lexington Avenue, 10th Floor New York, NY 10017 |
Second Lien Term Loan, LIBOR+8.00% cash due 3/19/2029 | 12.36% | 2,996 | 2,951 | 2,558 | (6)(15) | ||||||||||||||||||||
2,951 | 2,558 | |||||||||||||||||||||||||
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Apptio, Inc. | Application Software | |||||||||||||||||||||||||
11100 NE 8th Street, Suite 600 Bellevue, WA 98004 |
First Lien Term Loan, LIBOR+6.00% cash due 1/10/2025 | 9.94% | 34,458 | 33,818 | 33,769 | (6)(15) | ||||||||||||||||||||
First Lien Revolver, LIBOR+6.00% cash due 1/10/2025 | 9.94% | 1,338 | 1,312 | 1,294 | (6)(15)(19) | |||||||||||||||||||||
35,130 | 35,063 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
APX Group Inc. 4931 North 300 W Provo, UT 84604 |
Electrical Components & Equipment | Fixed Rate Bond, 5.75% cash due 7/15/2029 |
||||||||||||||||||||||||
2,075 | 1,742 | 1,721 | (11) | |||||||||||||||||||||||
1,742 | 1,721 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Ardonagh Midco 3 PLC | Insurance Brokers | |||||||||||||||||||||||||
1 Minster Court Mincing Lane London, EC3R 7AA United Kingdom |
First Lien Term Loan, EURIBOR+7.00% cash due 7/14/2026 | 8.00% | € | 1,964 | 2,176 | 2,103 | (6)(11)(15) | |||||||||||||||||||
First Lien Term Loan, SONIA+7.00% cash due 7/14/2026 | 10.43% | £ | 18,636 | 23,058 | 22,485 | (6)(11)(15) | ||||||||||||||||||||
First Lien Term Loan, LIBOR+5.75% cash due 7/14/2026 | 8.81% | 10,519 | 10,368 | 10,561 | (6)(11)(15) | |||||||||||||||||||||
First Lien Term Loan, SONIA+5.75% cash due 7/14/2026 | 7.48% | £ | 3,649 | 3,666 | 3,908 | (6)(11)(15) | ||||||||||||||||||||
39,268 | 39,057 | |||||||||||||||||||||||||
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|
|||||||||||||||||||||||
Associated Asphalt Partners, LLC | Construction Materials | |||||||||||||||||||||||||
110 Franklin Road, 9th Floor Roanoke, VA 24011 |
First Lien Term Loan, LIBOR+5.25% cash due 4/5/2024 | 9.63% | 2,493 | 2,353 | 1,928 | (6) | ||||||||||||||||||||
2,353 | 1,928 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Astra Acquisition Corp. | Application Software | |||||||||||||||||||||||||
5201 Congress Avenue Boca Raton, FL 33487 |
First Lien Term Loan, LIBOR+5.25% cash due 10/25/2028 | 9.63% | 5,640 | 5,489 | 5,006 | (6) | ||||||||||||||||||||
5,489 | 5,006 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
athenahealth Group Inc. | Health Care Technology | |||||||||||||||||||||||||
311 Arsenal Street Watertown, MA 02472 |
18,635 Shares of Series A Preferred Stock in Minerva Holdco, Inc., 10.75% | 18,264 | 15,606 | (15) | ||||||||||||||||||||||
18,264 | 15,606 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Athenex, Inc. | Pharmaceuticals | |||||||||||||||||||||||||
1001 Main Street, Suite 600 Buffalo, NY 14203 |
First Lien Term Loan, 11.00% cash due 6/19/2026 | 12,556 | 12,191 | 12,036 | (11)(15) | |||||||||||||||||||||
First Lien Revenue Interest Financing Term Loan due 5/31/2031 | 8,649 | 8,604 | 8,649 | (11)(15) | ||||||||||||||||||||||
328,149 Common Stock Warrants (exercise price $0.4955) expiration date 6/19/2027 | 973 | 7 | (11)(15) | |||||||||||||||||||||||
21,768 | 20,692 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Aurora Lux Finco S.À.R.L. | Airport Services | |||||||||||||||||||||||||
Rue de Bitbourg 19 1273 Luxembourg Luxembourg |
First Lien Term Loan, LIBOR+6.00% cash due 12/24/2026 | 10.32% | 22,368 | 22,050 | 21,274 | (6)(11)(15) | ||||||||||||||||||||
22,050 | 21,274 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Avalara, Inc. | Application Software | |||||||||||||||||||||||||
255 South King St., Suite 1800 Seattle, WA 98104 |
First Lien Term Loan, SOFR+7.25% cash due 10/19/2028 | 11.83% | 41,467 | 40,466 | 40,430 | (6)(15) | ||||||||||||||||||||
First Lien Revolver, SOFR+7.25% cash due 10/19/2028 | — | (100) | (104) | (6)(15)(19) | ||||||||||||||||||||||
40,366 | 40,326 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
The Avery | Real Estate Operating Companies | |||||||||||||||||||||||||
333 South Grand Avenue, Suite 4450 Los Angeles, CA 90071 |
First Lien Term Loan in T8 Urban Condo Owner, LLC, LIBOR+7.30% cash due 2/17/2023 | 11.69% | 15,301 | 15,279 | 15,391 | (6)(15) | ||||||||||||||||||||
Subordinated Debt in T8 Senior Mezz LLC, LIBOR+12.50% cash due 2/17/2023 | 17.24% | 3,706 | 3,701 | 3,733 | (6)(15) | |||||||||||||||||||||
18,980 | 19,124 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
BAART Programs, Inc. | Health Care Services | |||||||||||||||||||||||||
1720 Lakepointe Drive, Suite 117 Lewisville, TX 75057 |
First Lien Delayed Draw Term Loan, LIBOR+5.00% cash due 6/11/2027 | 9.73% | 2,541 | 2,497 | 2,420 | (6)(15)(19) | ||||||||||||||||||||
Second Lien Term Loan, LIBOR+8.50% cash due 6/11/2028 | 13.23% | 7,166 | 7,059 | 6,944 | (6)(15) | |||||||||||||||||||||
Second Lien Delayed Draw Term Loan, LIBOR+8.50% cash due 6/11/2028 | 13.23% | 5,197 | 5,042 | 4,854 | (6)(15)(19) | |||||||||||||||||||||
14,598 | 14,218 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Berner Food & Beverage, LLC | Soft Drinks | |||||||||||||||||||||||||
2034 E Factory Road Dakota, IL 61018 |
First Lien Term Loan, LIBOR+5.50% cash due 7/30/2027 | 9.91% | 32,995 | 32,555 | 32,533 | (6)(15) | ||||||||||||||||||||
First Lien Revolver, PRIME+4.50% cash due 7/30/2026 | 12.00% | 897 | 859 | 857 | (6)(15)(19) | |||||||||||||||||||||
33,414 | 33,390 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
BioXcel Therapeutics, Inc. | Pharmaceuticals | |||||||||||||||||||||||||
555 Long Wharf Drive, 12th Floor New Haven, CT 06511 |
First Lien Term Loan, 8.00% cash 2.25% PIK due 4/19/2027 | 5,383 | 5,184 | 5,028 | (11)(15) | |||||||||||||||||||||
First Lien Delayed Draw Term Loan, 8.00% cash 2.25% PIK due 4/19/2027 | — | — | — | (11)(15)(19) | ||||||||||||||||||||||
First Lien Revenue Interest Financing Term Loan due 9/30/2032 | 2,432 | 2,432 | 2,432 | (11)(15) | ||||||||||||||||||||||
First Lien Revenue Interest Financing Delayed Draw Term Loan due 9/30/2032 | — | — | — | (11)(15)(19) | ||||||||||||||||||||||
21,177 Common Stock Warrants (exercise price $20.04) expiration date 4/19/2029 | 125 | 275 | (11)(15) | |||||||||||||||||||||||
7,741 | 7,735 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Blackhawk Network Holdings, Inc. | Data Processing & Outsourced Services | |||||||||||||||||||||||||
6220 Stoneridge Mall Road Pleasanton, CA 94588 |
Second Lien Term Loan, LIBOR+7.00% cash due 6/15/2026 | 10.94% | 30,625 | 30,300 | 26,391 | (6) | ||||||||||||||||||||
30,300 | 26,391 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Blumenthal Temecula, LLC | Automotive Retail | |||||||||||||||||||||||||
40910 Temecula Center Drive Temecula, CA 92591 |
First Lien Term Loan, 9.00% cash due 9/24/2023 | 3,979 | 3,980 | 3,960 | (15) | |||||||||||||||||||||
1,293,324 Preferred Units in Unstoppable Automotive AMV, LLC | 1,293 | 1,267 | (15) | |||||||||||||||||||||||
298,460 Preferred Units in Unstoppable Automotive VMV, LLC | 298 | 292 | (15) | |||||||||||||||||||||||
298,460 Common Units in Unstoppable Automotive AMV, LLC | 2.60% | 298 | 379 | (15) | ||||||||||||||||||||||
5,869 | 5,898 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Cadence Aerospace, LLC | Aerospace & Defense | |||||||||||||||||||||||||
610 Newport Center Drive, Suite 950 Newport Beach, CA 92660 |
First Lien Term Loan, LIBOR+6.50% cash 2.00% PIK due 11/14/2023 | 10.92% | 14,332 | 13,700 | 13,178 | (6)(15) | ||||||||||||||||||||
13,700 | 13,178 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
CircusTrix Holdings, LLC | Leisure Facilities | |||||||||||||||||||||||||
P.O. Box 302 Provo, UT 84603 |
First Lien Term Loan, LIBOR+5.50% cash due 7/16/2023 | 9.57% | 10,668 | 10,201 | 10,465 | (6)(15) | ||||||||||||||||||||
10,201 | 10,465 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Clear Channel Outdoor Holdings Inc. | Advertising | |||||||||||||||||||||||||
4830 North Loop 1604W, Suite 111 San Antonio, TX 78249 |
Fixed Rate Bond, 7.50% cash due 6/1/2029 | 4,311 | 4,311 | 3,174 | (11) | |||||||||||||||||||||
Fixed Rate Bond, 7.75% cash due 4/15/2028 | 676 | 649 | 494 | (11) | ||||||||||||||||||||||
4,960 | 3,668 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Condor Merger Sub Inc. | Systems Software | |||||||||||||||||||||||||
6220 America Center Drive San Jose, CA 95002 |
Fixed Rate Bond, 7.375% cash due 2/15/2030 | 8,420 | 8,248 | 6,785 | ||||||||||||||||||||||
8,248 | 6,785 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Continental Intermodal Group LP | Oil & Gas Storage & Transportation | |||||||||||||||||||||||||
209 W. 2nd Street, Box 282 Forth Worth, TX 76102 |
First Lien Term Loan, LIBOR+8.50% cash due 1/28/2025 | 12.88% | 19,992 | 19,286 | 17,893 | (6)(15) | ||||||||||||||||||||
Common Stock Warrants expiration date 7/28/2025 | 648 | 220 | (15) | |||||||||||||||||||||||
19,934 | 18,113 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Convergeone Holdings, Inc. | IT Consulting & Other Services | |||||||||||||||||||||||||
10900 Nesbitt Avenue South Bloomington, MN 55437 |
First Lien Term Loan, LIBOR+5.00% cash due 1/4/2026 | 9.38% | 11,882 | 11,684 | 6,963 | (6) | ||||||||||||||||||||
11,684 | 6,963 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Conviva Inc. | Application Software |
|||||||||||||||||||||||||
989 East Hillsdale Boulevard, Suite 400 Foster City, CA 94404 |
517,851 Shares of Series D Preferred Stock | 605 | 894 | (15) | ||||||||||||||||||||||
605 | 894 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
CorEvitas, LLC | Health Care Technology | |||||||||||||||||||||||||
1440 Main Street, Suite 310 Waltham, MA 02451 |
First Lien Term Loan, SOFR+6.125% cash due 12/13/2025 | 10.55% | 13,677 | 13,527 | 13,344 | (6)(15) | ||||||||||||||||||||
First Lien Revolver, PRIME+4.75% cash due 12/13/2025 | 12.25% | 305 | 289 | 261 | (6)(15)(19) | |||||||||||||||||||||
1,099 Class A2 Common Units in CorEvitas Holdings, L.P. | 0.78% | 690 | 2,340 | (15) | ||||||||||||||||||||||
14,506 | 15,945 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Covetrus, Inc. | Health Care Distributors | |||||||||||||||||||||||||
7 Custom House Street Portland, ME 04101 |
First Lien Term Loan, SOFR+5.00% cash due 9/20/2029 | 9.58% | 10,336 | 9,733 | 9,711 | (6) | ||||||||||||||||||||
9,733 | 9,711 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Coyote Buyer, LLC | Specialty Chemicals | |||||||||||||||||||||||||
10622 W 6400 North Cedar City, UT 84721 |
First Lien Term Loan, LIBOR+6.00% cash due 2/6/2026 | 10.41% | 18,153 | 17,766 | 17,798 | (6)(15) | ||||||||||||||||||||
First Lien Revolver, LIBOR+6.00% cash due 2/6/2025 | — | (13) | (26) | (6)(15)(19) | ||||||||||||||||||||||
17,753 | 17,772 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Cuppa Bidco BV Weena 455 Rotterdam 3013 AL Netherlands |
Soft Drinks | |||||||||||||||||||||||||
First Lien Term Loan, EURIBOR+4.75% cash due 7/30/2029 | 7.50% | €12,340 | 10,521 | 10,997 | (6)(11) | |||||||||||||||||||||
10,521 | 10,997 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Delta Leasing SPV II LLC | Specialized Finance | |||||||||||||||||||||||||
15500 Roosevelt Boulevard, Suite 301 Clearwater, FL 33762 |
Subordinated Delayed Draw Term Loan, 10.00% cash due 8/31/2029 | 8,365 | 8,365 | 8,365 | (11)(15)(19) | |||||||||||||||||||||
419 Series C Preferred Units in Delta Financial Holdings LLC | 419 | 419 | (11)(15) | |||||||||||||||||||||||
2.09 Common Units in Delta Financial Holdings LLC | 2.09% | 2 | 2 | (11)(15) | ||||||||||||||||||||||
31.37 Common Warrants (exercise price $1.00) | — | — | (11)(15) | |||||||||||||||||||||||
8,786 | 8,786 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Delta Topco, Inc. | Systems Software | |||||||||||||||||||||||||
2390 Mission College Boulevard, Suite 501 Santa Clara, CA 95054 |
Second Lien Term Loan, LIBOR+7.25% cash due 12/1/2028 | 11.65% | 6,680 | 6,647 | 5,319 | (6) | ||||||||||||||||||||
6,647 | 5,319 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Dialyze Holdings, LLC | Health Care Equipment |
|||||||||||||||||||||||||
3297 NJ‑66 Neptune City, NJ 07753 |
First Lien Term Loan, LIBOR+9.00% cash due 8/4/2026 | 13.73% | 20,965 | 19,913 | 20,912 | (6)(15) | ||||||||||||||||||||
Subordinated Term Loan, 8.00% PIK due 9/30/2027 | 520 | 520 | 494 | (15) | ||||||||||||||||||||||
5,403,823 Class A Warrants (exercise price $1.00) expiration date 8/4/2028 | 1,405 | 1,297 | (15) | |||||||||||||||||||||||
21,838 | 22,703 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Digital.AI Software Holdings, Inc. | Application Software | |||||||||||||||||||||||||
52 Third Avenue Burlington, MA 01803 |
First Lien Term Loan, LIBOR+6.50% cash due 2/10/2027 | 11.09% | 9,877 | 9,593 | 9,768 | (6)(15) | ||||||||||||||||||||
First Lien Revolver, LIBOR+7.00% cash due 2/10/2027 | 11.59% | 251 | 229 | 239 | (6)(15)(19) | |||||||||||||||||||||
9,822 | 10,007 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
DirecTV Financing, LLC | Cable & Satellite | |||||||||||||||||||||||||
2230 East Imperial Highway El Segundo, CA 90245 |
First Lien Term Loan, LIBOR+5.00% cash due 8/2/2027 | 9.38% | 8,166 | 8,012 | 7,968 | (6) | ||||||||||||||||||||
8,012 | 7,968 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Dryden 66 Euro CLO 2018 | Multi-Sector Holdings | |||||||||||||||||||||||||
Grand Buildings, 1‑3 Strand Trafalgar Square London WC2N 5HR United Kingdom |
Class DR Notes, EURIBOR+3.35% cash due 1/18/2032 | 4.75% | €1,500 | 1,335 | 1,389 | (6)(11) | ||||||||||||||||||||
1,335 | 1,389 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
DTI Holdco, Inc. | Research & Consulting Services |
|||||||||||||||||||||||||
1125 17th Street NW, 6th Floor Washington, DC 20036 |
First Lien Term Loan, SOFR+4.75% cash due 4/26/2029 | 8.84% | 4,988 | 4,897 | 4,607 | (6) | ||||||||||||||||||||
4,897 | 4,607 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Eagleview Technology Corporation | Application Software | |||||||||||||||||||||||||
3700 Monte Villa Parkway, Suite 200 Bothell, WA 98021 |
Second Lien Term Loan, LIBOR+7.50% cash due 8/14/2026 | 12.23% | 8,974 | 8,884 | 7,897 | (6)(15) | ||||||||||||||||||||
8,884 | 7,897 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
EOS Fitness Opco Holdings, LLC | Leisure Facilities | |||||||||||||||||||||||||
1 East Washington Street | 487.5 Class A Preferred Units, 12% | 488 | 1,067 | (15) | ||||||||||||||||||||||
Phoenix, AZ 85004 | 12,500 Class B Common Units | 1.25% | — | — | (15) | |||||||||||||||||||||
488 | 1,067 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Establishment Labs Holdings Inc. |
Health Care Technology | |||||||||||||||||||||||||
4th Street, Coyol Free Zone Provincia de Alajuela, Alajuela, 20102 Costa Rica |
First Lien Term Loan, 3.00% cash 6.00% PIK due 4/21/2027 | 10,576 | 10,441 | 10,100 | (11)(15) | |||||||||||||||||||||
First Lien Delayed Draw Term Loan, 3.00% cash 6.00% PIK due 4/21/2027 | 1,694 | 1,667 | 1,694 | (11)(15)(19) | ||||||||||||||||||||||
12,108 | 11,794 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Fairbridge Strategic Capital Funding LLC |
Real Estate Operating Companies | |||||||||||||||||||||||||
707 Westchester Avenue, Suite 304 White Plains, NY, 10604 |
First Lien Delayed Draw Term Loan, 9.00% cash due 12/24/2028 | 31,000 | 31,000 | 31,000 | (15)(19) | |||||||||||||||||||||
2,500 Warrant Units (exercise price $0.01) expiration date 11/24/2031 | — | 3 | (11)(15) | |||||||||||||||||||||||
31,000 | 31,003 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
FINThrive Software Intermediate Holdings, Inc. | Health Care Technology | |||||||||||||||||||||||||
200 North Point Center East, Suite 400 Alpharetta, GA 30022 |
Second Lien Term Loan, LIBOR+6.75% cash due 12/17/2029 | 11.13% | 25,061 | 24,685 | 19,273 | (6) | ||||||||||||||||||||
24,685 | 19,273 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Fortress Biotech, Inc. | Biotechnology | |||||||||||||||||||||||||
2 Gansevoort Street, 9th Floor New York, NY 10014 |
First Lien Term Loan, 11.00% cash due 8/27/2025 | 9,466 | 9,106 | 8,922 | (11)(15) | |||||||||||||||||||||
331,200 Common Stock Warrants (exercise price $3.20) expiration date 8/27/2030 | 405 | 26 | (11)(15) | |||||||||||||||||||||||
9,511 | 8,948 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Frontier Communications Holdings, LLC | Integrated Telecommunication Services | |||||||||||||||||||||||||
401 Merritt 7 Norwalk, CT 06851 |
Fixed Rate Bond, 6.00% cash due 1/15/2030 | 4,881 | 4,432 | 3,841 | (11) | |||||||||||||||||||||
4,432 | 3,841 | |||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||
GKD Index Partners, LLC | Specialized Finance | |||||||||||||||||||||||||
4925 Greenville Avenue, Suite 840 Dallas, TX 75206 |
First Lien Term Loan, LIBOR+7.00% cash due 6/29/2023 | 11.73% | 24,819 | 24,682 | 24,641 | (6)(15) | ||||||||||||||||||||
First Lien Revolver, LIBOR+7.00% cash due 6/29/2023 | 11.75% | 1,280 | 1,272 | 1,268 | (6)(15)(19) | |||||||||||||||||||||
25,954 | 25,909 | |||||||||||||||||||||||||
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|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
GoldenTree Loan Management EUR CLO 2 | Multi-Sector Holdings | |||||||||||||||||||||||||
300 Park Ave. New York, NY 10022 |
Class D Notes, EURIBOR+2.85% cash due 1/20/2032 | 4.31% | € 1,000 | 865 | 899 | (6)(11) | ||||||||||||||||||||
865 | 899 | |||||||||||||||||||||||||
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|
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Grove Hotel Parcel Owner, LLC | Hotels, Resorts & Cruise Lines | |||||||||||||||||||||||||
14501 Grove Resort Avenue Winter Garden, FL 34787 |
First Lien Term Loan, SOFR+8.00% cash due 6/21/2027 | 12.33% | 14,275 | 14,020 | 13,990 | (6)(15) | ||||||||||||||||||||
First Lien Delayed Draw Term Loan, SOFR+8.00% cash due 6/21/2027 | — | (51) | (57) | (6)(15)(19) | ||||||||||||||||||||||
First Lien Revolver, SOFR+8.00% cash due 6/21/2027 | — | (26) | (29) | (6)(15)(19) | ||||||||||||||||||||||
13,943 | 13,904 | |||||||||||||||||||||||||
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|
|||||||||||||||||||||||
Harbor Purchaser Inc. | Education Services | |||||||||||||||||||||||||
125 High Street Boston, MA 02110 |
First Lien Term Loan, SOFR+5.25% cash due 4/9/2029 | 9.67% | 9,369 | 9,070 | 8,938 | (6) | ||||||||||||||||||||
9,070 | 8,938 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Hayfin Emerald CLO XI | Multi-Sector Holdings | |||||||||||||||||||||||||
One Eagle Place London SW1Y 6AF United Kingdom |
Class E Notes, EURIBOR+8.12% cash due 1/25/2036 | 10.11% | € 2,250 | 2,041 | 2,079 | (6)(11) | ||||||||||||||||||||
2,041 | 2,079 | |||||||||||||||||||||||||
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|
|||||||||||||||||||||||
Horizon Aircraft Finance I | Specialized Finance | |||||||||||||||||||||||||
Maples Fiduciary Services (Ireland) Limited 32 Molesworth Street Dublin 2 D02 Y512 Ireland |
Class A Notes, 4.458% cash due 12/15/2038 | 7,112 |
5,697 |
5,838 |
(11) | |||||||||||||||||||||
5,697 | 5,838 | |||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
iCIMs, Inc. 101 Crawfords Corner Road, Suite 3‑100, Fifth Floor Holmdel, NJ 07733 |
Application Software | |||||||||||||||||||||||||
First Lien Term Loan, SOFR+3.375% cash 3.875% PIK due 8/18/2028 | 7.14% | 19,203 | 18,888 | 18,420 | (6)(15) | |||||||||||||||||||||
First Lien Term Loan, SOFR+7.25% cash due 8/18/2028 | 11.52% | 2,944 | 2,895 | 2,885 | (6)(15) | |||||||||||||||||||||
First Lien Delayed Draw Term Loan, SOFR+6.75% cash due 8/18/2028 | — | — | — | (6)(15)(19) | ||||||||||||||||||||||
First Lien Revolver, SOFR+6.75% cash due 8/18/2028 | — | (30) | (75) | (6)(15)(19) | ||||||||||||||||||||||
21,753 | 21,230 | |||||||||||||||||||||||||
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|
|||||||||||||||||||||||
Immucor, Inc. | Health Care Supplies | |||||||||||||||||||||||||
3130 Gateway Drive P.O. Box 5625 Norcross, GA 30091 |
First Lien Term Loan, LIBOR+5.75% cash due 7/2/2025 | 10.48% | 8,547 | 8,395 | 8,635 | (6)(15) | ||||||||||||||||||||
Second Lien Term Loan, LIBOR+8.00% cash 3.50% PIK due 10/2/2025 | 12.73% | 22,819 | 22,401 | 23,275 | (6)(15) | |||||||||||||||||||||
30,796 | 31,910 | |||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||
Impel Neuropharma, Inc. 201 Elliott Avenue West, Suite 260 Seattle, WA 98119 |
Health Care Technology | |||||||||||||||||||||||||
First Lien Revenue Interest Financing Term Loan due 2/15/2031 | 13,482 | 13,482 | 13,428 | (15) | ||||||||||||||||||||||
First Lien Term Loan, SOFR+8.75% cash due 3/17/2027 | 13.20% | 12,161 | 11,956 | 11,876 | (6)(15) | |||||||||||||||||||||
25,438 | 25,304 | |||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||
Innocoll Pharmaceuticals Limited 210 Carnegie Center Drive, Suite 103 Princeton, NJ 08540 |
Health Care Technology | |||||||||||||||||||||||||
First Lien Term Loan, 11.00% cash due 1/26/2027 | 6,817 | 6,569 | 6,336 | (11)(15) | ||||||||||||||||||||||
First Lien Delayed Draw Term Loan, 11.00% cash due 1/26/2027 | — | — | — | (11)(15)(19) | ||||||||||||||||||||||
56,999 Tranche A Warrant Shares (exercise price $4.23) expiration date 1/26/2029 | 135 | 662 | (11)(15) | |||||||||||||||||||||||
6,704 | 6,998 | |||||||||||||||||||||||||
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|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Integral Development Corporation 850 Hansen Way Palo Alto, CA 94304 |
Other Diversified Financial Services | |||||||||||||||||||||||||
1,078,284 Common Stock Warrants (exercise price $0.9274) expiration date 7/10/2024 | 113 | — | (15) | |||||||||||||||||||||||
113 | — | |||||||||||||||||||||||||
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Inventus Power, Inc. | Electrical Components & Equipment | |||||||||||||||||||||||||
1200 Internationale Parkway Woodridge, IL 60517 |
First Lien Term Loan, SOFR+5.00% cash due 3/29/2024 | 9.84% | 18,612 | 18,536 | 18,054 | (6)(15) | ||||||||||||||||||||
Second Lien Term Loan, LIBOR+8.50% cash due 9/29/2024 | 13.23% | 13,674 | 13,535 | 13,195 | (6)(15) | |||||||||||||||||||||
32,071 | 31,249 | |||||||||||||||||||||||||
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|
|||||||||||||||||||||||
INW Manufacturing, LLC | Personal Products | |||||||||||||||||||||||||
1270 Champion Circle Carrollton, TX, 75006 |
First Lien Term Loan, LIBOR+5.75% cash due 3/25/2027 | 10.48% | 35,156 | 34,394 | 30,059 | (6)(15) | ||||||||||||||||||||
34,394 | 30,059 | |||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||
IPC Corp. |
Application | |||||||||||||||||||||||||
1500 Plaza Ten, 15th Floor Jersey City, NJ, 07311 |
Software | First Lien Term Loan, LIBOR+6.50% cash due 10/1/2026 | 9.44% | 34,357 | 33,660 | 32,553 | (6)(15) | |||||||||||||||||||
33,660 | 32,553 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Ivanti Software, Inc. | Application Software | |||||||||||||||||||||||||
698 West 10000 South, Suite 500 South Jordan, UT 84095 |
Second Lien Term Loan, LIBOR+7.25% cash due 12/1/2028 | 12.01% | 10,247 | 10,196 | 5,994 | (6) | ||||||||||||||||||||
10,196 | 5,994 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Jazz Acquisition, Inc. | Aerospace & Defense | |||||||||||||||||||||||||
416 Dividend Drive Peachtree City, GA 30269 |
First Lien Term Loan, LIBOR+7.50% cash due 1/29/2027 | 11.88% | 35,912 | 34,918 | 36,176 | (6)(15) | ||||||||||||||||||||
Second Lien Term Loan, LIBOR+8.00% cash due 6/18/2027 | 12.38% | 528 | 480 | 483 | (6) | |||||||||||||||||||||
35,398 | 36,659 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Kings Buyer, LLC 4 High Ridge Park, Suite 202 Stamford, CT 06905 |
Environmental & Facilities Services |
|||||||||||||||||||||||||
First Lien Term Loan, LIBOR+6.50% cash due 10/29/2027 | 11.23% | 13,589 | 13,453 | 13,153 | (6)(15) | |||||||||||||||||||||
First Lien Revolver, LIBOR+6.50% cash due 10/29/2027 | 11.75% | 659 | 640 | 599 | (6)(15)(19) | |||||||||||||||||||||
14,093 | 13,752 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Latam Airlines Group S.A. | Airlines | |||||||||||||||||||||||||
Presidente Riesco 5711, 20th floor Las Condes Santiago, Chile |
First Lien Term Loan, SOFR+9.50% cash due 11/3/2027 | 13.99% | 26,205 | 24,034 | 25,864 | (6)(11) | ||||||||||||||||||||
24,034 | 25,864 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
Lift Brands Holdings, Inc. | Leisure Facilities | |||||||||||||||||||||||||
7 Times Square, Suite 4307 New York, NY 10036 |
2,000,000 Class A Common Units in Snap Investments, LLC | 2.02% | 1,399 | — | (15) | |||||||||||||||||||||
1,399 | — | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Lightbox Intermediate, L.P. | Real Estate Services | |||||||||||||||||||||||||
780 Third Avenue New York, NY 10017 |
First Lien Term Loan, LIBOR+5.00% cash due 5/9/2026 | 9.73% | 36,913 | 36,233 | 35,621 | (6)(15) | ||||||||||||||||||||
36,233 | 35,621 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Liquid Environmental Solutions Corporation | Environmental & Facilities Services | |||||||||||||||||||||||||
7651 Esters Boulevard Suite 200 Irving, TX 75063 |
Second Lien Term Loan, LIBOR+8.50% cash due 11/30/2026 | 12.88% | 4,357 | 4,289 | 4,215 | (6)(15) | ||||||||||||||||||||
Second Lien Delayed Draw Term Loan, LIBOR+8.50% cash due 11/30/2026 | 12.94% | 2,370 | 2,323 | 2,257 | (6)(15)(19) | |||||||||||||||||||||
450.75 Class A2 Units in LES Group Holdings, L.P. | 451 | 451 | (15) | |||||||||||||||||||||||
7,063 | 6,923 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
LSL Holdco, LLC 3100 Olympus Boulevard, Suite 100 Dallas, TX 75019 |
Health Care Distributors | |||||||||||||||||||||||||
First Lien Term Loan, LIBOR+6.00% cash due 1/31/2028 | 10.38% | 21,315 | 20,839 | 20,089 | (6)(15) | |||||||||||||||||||||
First Lien Revolver, LIBOR+6.00% cash due 1/31/2028 | 10.38% | 2,137 | 2,101 | 2,014 | (6)(15) | |||||||||||||||||||||
22,940 | 22,103 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
LTI Holdings, Inc. 600 S Mcclure Road Modesto, CA 95357 |
Electronic Components | |||||||||||||||||||||||||
Second Lien Term Loan, LIBOR+6.75% cash due 9/6/2026 | 11.13% | 2,140 | 2,095 | 1,712 | (6) | |||||||||||||||||||||
2,095 | 1,712 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Marinus Pharmaceuticals, Inc. | Pharmaceuticals | |||||||||||||||||||||||||
5 Radnor Corporate Center, 100 Matsonford Road, Suite 500 | First Lien Term Loan, 11.50% cash due 5/11/2026 | 17,203 | 16,972 | 16,573 | (11)(15) | |||||||||||||||||||||
Radnor, PA 19087 | First Lien Delayed Draw Term Loan, 11.50% cash due 5/11/2026 | — | — | — | (11)(15)(19) | |||||||||||||||||||||
16,972 | 16,573 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Mesoblast, Inc. | Biotechnology | |||||||||||||||||||||||||
55 Collins Street, Level 38 Melbourne 3000 Australia |
First Lien Term Loan, 8.00% cash 1.75% PIK due 11/19/2026 | 7,247 | 6,717 | 6,474 | (11)(15) | |||||||||||||||||||||
First Lien Delayed Draw Term Loan, 8.00% cash 1.75% PIK due 11/19/2026 | — | 1 | — | (11)(15)(19) | ||||||||||||||||||||||
209,588 Warrant Shares (exercise price $7.26) expiration date 11/19/2028 | 480 | 222 | (11)(15) | |||||||||||||||||||||||
53,887 Warrant Shares (exercise price $3.70) expiration 11/19/2028 | — | 81 | (11)(15) | |||||||||||||||||||||||
7,198 | 6,777 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
MHE Intermediate Holdings, LLC 3201 Levis Commons Boulevard, Suite 323 Perrysburg, OH 43551 |
Diversified Support Services | |||||||||||||||||||||||||
First Lien Term Loan, SOFR+6.00% cash due 7/21/2027 | 9.50% | 18,344 | 18,057 | 17,678 | (6)(15) | |||||||||||||||||||||
First Lien Revolver, SOFR+6.00% cash due 7/21/2027 | 10.94% | 200 | 178 | 148 | (6)(15)(19) | |||||||||||||||||||||
18,235 | 17,826 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
Mindbody, Inc. | Internet Services & Infrastructure |
|||||||||||||||||||||||||
4051 Broad Street, Suite 220 San Luis Obispo, CA 93401 |
First Lien Term Loan, LIBOR+7.00% cash due 2/14/2025 | 11.72 | % | 45,487 | 44,616 | 44,486 | (6)(15) | |||||||||||||||||||
First Lien Revolver, LIBOR+8.00% cash due 2/14/2025 | — | (48 | ) | (88 | ) | (6)(15)(19) | ||||||||||||||||||||
44,568 | 44,398 | |||||||||||||||||||||||||
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|
|
|
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Mosaic Companies, LLC |
Home Improvement Retail |
|||||||||||||||||||||||||
1530 NW 98th Court, Suite 101 Doral, FL 33172 |
First Lien Term Loan, LIBOR+6.75% cash due 7/2/2026 | 10.93 | % | 45,907 | 45,266 | 45,127 | (6)(15) | |||||||||||||||||||
45,266 | 45,127 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
MRI Software LLC 28925 Fountain Parkway Solon, OH 44139 |
Application Software |
|||||||||||||||||||||||||
First Lien Term Loan, LIBOR+5.50% cash due 2/10/2026 | 10.23 | % | 25,768 | 25,392 | 24,833 | (6)(15) | ||||||||||||||||||||
First Lien Delayed Draw Term Loan, LIBOR+5.50% cash due 2/10/2026 | — | (11 | ) | (95 | ) | (6)(15)(19) | ||||||||||||||||||||
First Lien Revolver, LIBOR+5.50% cash due 2/10/2026 | — | (13 | ) | (65 | ) | (6)(15)(19) | ||||||||||||||||||||
25,368 | 24,673 | |||||||||||||||||||||||||
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|
|
|
|||||||||||||||||||||||
Navisite, LLC 400 Minuteman Road Andover, MA 01810 |
Data Processing & Outsourced Services |
|||||||||||||||||||||||||
Second Lien Term Loan, LIBOR+8.50% cash due 12/30/2026 | 13.23 | % | 22,560 | 22,260 | 21,545 | (6)(15) | ||||||||||||||||||||
22,260 | 21,545 | |||||||||||||||||||||||||
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|
|
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NeuAG, LLC | Fertilizers & Agricultural Chemicals |
|||||||||||||||||||||||||
7 Switchbud Place, Suite 192 PMB 226 The Woodlands, TX 77380 |
First Lien Term Loan, LIBOR+10.50% cash due 9/11/2024 | 15.23 | % | 50,276 | 49,271 | 52,292 | (6)(15) | |||||||||||||||||||
49,271 | 52,292 | |||||||||||||||||||||||||
|
|
|
|
Name and Address of Portfolio Company (1)(2)(3)(4)(5) |
Principal Business |
Title of Securities Held by OCSL |
Percentage of Ownership Interest* |
Cash Interest Rate |
Principal ($ in thousands unless otherwise indicated) (7) |
Cost ($ in thousands) |
Fair Value ($ in thousands) |
Notes | ||||||||||||||||||
NFP Corp. 340 Madison Avenue, 20th Floor New York, NY 10173 |
Other Diversified Financial Services |
|||||||||||||||||||||||||
Fixed Rate Bond 6.875% cash due 8/15/2028 | 10,191 | 9,787 | 8,423 | |||||||||||||||||||||||
9,787 | 8,423 | |||||||||||||||||||||||||