UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 1-33901 Oaktree Specialty Lending Corporation (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware (State or jurisdiction of incorporation or organization) ...

Core Viewpoint - Oaktree Specialty Lending Corporation has successfully amended and extended its senior secured revolving credit facility, resulting in a lower interest rate and an extended maturity date, which is expected to positively impact net investment income [1][3]. Group 1: Credit Facility Details - The maturity of the senior secured revolving credit facility has been extended from June 2028 to April 2030 [1]. - The interest rate on the amended facility has been reduced from SOFR plus 2.00% to a range of SOFR plus 1.75% to 1.875%, depending on the debt outstanding, with an additional 0.10% SOFR adjustment [1]. - The current interest rate is SOFR plus 1.875%, plus the 0.10% SOFR adjustment [1]. - The minimum consolidated interest coverage ratio requirement of 2.25x has been removed [1]. Group 2: Facility Features - The amended facility retains an accordion feature, allowing Oaktree Specialty Lending to increase the facility size to a maximum of $1,500 million under certain conditions [2]. Group 3: Company Overview - Oaktree Specialty Lending Corporation is a specialty finance company focused on providing customized credit solutions to companies with limited access to public or syndicated capital markets [3]. - The company aims to generate current income and capital appreciation through flexible financing solutions, including first and second lien loans, unsecured and mezzanine loans, and preferred equity [3]. - Oaktree Specialty Lending is regulated as a business development company under the Investment Company Act of 1940 and is managed by Oaktree Capital Management, L.P. [3].

I rank Oaktree Specialty Lending ( OCSL ) low on my list of preferred BDCs, both because the metrics we will examine below are weak and because I believe there are better options within the sector.Mr. Mavroudis is a professional portfolio manager specializing in institutional and private portfolios. He focuses on risk management, which is accompanied by in-depth financial market analysis (fundamental, macro and technical) to control the risk undertaken by the portfolios. He invests in all financial instrume ...

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is a specialty finance company dedicated to providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company's investment objective is to generate current income and capital appreciation by providing companies with flexible and innovative financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity. The Company is regulated as a business de ...

Core Viewpoint - Oaktree Specialty Lending (OCSL) presents an attractive investment opportunity based on its valuation, portfolio strategy, and yield, with shares trading at a significant discount to net asset value [1] Valuation - OCSL shares are currently trading at a large discount to their net asset value, indicating potential undervaluation in the market [1] Portfolio Strategy - The company employs a strategic approach to its portfolio, which contributes to its overall attractiveness as an investment [1] Yield - OCSL offers a compelling yield, making it an appealing option for income-focused investors [1]

Group 1 - Oaktree Specialty Lending Corporation (NASDAQ: OCSL) experienced a decline in its net asset value during the December quarter due to necessary write-downs of investment values [1] Group 2 - The company is under scrutiny for its investment strategies and the impact of market conditions on its asset valuations [1]

Core Viewpoint - Oaktree Specialty Lending Corporation has announced a public offering of $300 million in notes with a 6.340% interest rate, maturing on February 27, 2030, aimed at reducing debt and supporting general corporate purposes [1][2]. Group 1: Offering Details - The company priced an underwritten public offering of $300 million aggregate principal amount of 6.340% notes due 2030 [1]. - The notes may be redeemed at the company's option at any time at par plus a "make-whole" premium [1]. - The offering is expected to close on February 27, 2025, subject to customary closing conditions [3]. Group 2: Use of Proceeds - Oaktree Specialty Lending Corporation plans to use the net proceeds from this offering to reduce outstanding debt under its revolving credit facilities and for general corporate purposes [2]. Group 3: Company Overview - Oaktree Specialty Lending Corporation is a specialty finance company focused on providing customized credit solutions to companies with limited access to capital markets [6]. - The company's investment objective is to generate current income and capital appreciation through flexible financing solutions, including first and second lien loans, unsecured and mezzanine loans, and preferred equity [6]. - The company is regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Oaktree Fund Advisors, LLC [6].

Group 1 - Oaktree Specialty Lending (NASDAQ: OCSL) is predicted to face near-term dividend cuts, indicating potential financial challenges ahead [1] - The article compares OCSL with BlackRock TCP Capital Corp, suggesting a broader context of performance within the Business Development Company (BDC) sector [1] Group 2 - The author has extensive experience in financial management and has contributed to the development of financial strategies for top-tier corporates [1] - Efforts have been made to institutionalize the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - The author has also worked on national SOE financing guidelines and frameworks to channel private capital into affordable housing [1]

Oaktree Specialty Lending (OCSL) Q1 2025 Earnings Call February 04, 2025 11:00 AM ET Company Participants Dane Kleven - SVP & Head of Investor RelationsMatt Pendo - PresidentArmen Panossian - CEORaghav Khanna - Co-Chief Investment OfficerChristopher McKown - MD, CFO & TreasurerMelissa Wedel - Vice President, Equity Research Conference Call Participants Finian O'shea - AnalystMatthew Hurwit - Equity Research AnalystNone - Analyst Operator Welcome and thank you for joining Oaktree Specialty Lending Corporatio ...

Earnings Presentation NASDAQ: OCSL First Quarter 2025 Forward Looking Statements & Legal Disclosures Some of the statements in this presentation constitute forward-looking statements because they relate to future events or our future performance or financial condition. The forward-looking statements contained in this presentation may include statements as to: our future operating results and distribution projections; the ability of Oaktree Fund Advisors, LLC (together with its affiliates, "Oaktree") to impl ...