Oaktree Specialty Lending Corporation Announces Third Fiscal Quarter 2025 Financial Results

Core Viewpoint - Oaktree Specialty Lending Corporation reported its financial results for the fiscal quarter ended June 30, 2025, highlighting a decrease in total investment income and net investment income, while maintaining a stable net asset value per share [1][3]. Financial Highlights - Total investment income for the third fiscal quarter of 2025 was $75.3 million ($0.85 per share), down from $77.6 million ($0.90 per share) in the previous quarter [5][11]. - Adjusted total investment income was $74.3 million ($0.84 per share) for the third fiscal quarter, compared to $77.2 million ($0.90 per share) in the second fiscal quarter [5][11]. - GAAP net investment income was $33.5 million ($0.38 per share), a decrease from $39.1 million ($0.45 per share) in the prior quarter [5][11]. - Adjusted net investment income was $32.5 million ($0.37 per share), down from $38.7 million ($0.45 per share) in the previous quarter [5][11]. Portfolio and Investment Activity - As of June 30, 2025, the fair value of the investment portfolio was $2.8 billion, consisting of investments in 149 companies [16][17]. - The company originated $147.2 million in new investment commitments and received $249.4 million from prepayments and exits during the quarter [5][12]. - The weighted average yield on new debt investments was 9.1% [5]. Debt and Liquidity - Total debt outstanding was $1,460.0 million, with a total debt to equity ratio of 0.99x and a net debt to equity ratio of 0.93x [5][26]. - Liquidity included $79.8 million in unrestricted cash and $650.0 million in undrawn capacity under the credit facility [24][25]. - The company amended its syndicated credit facility, reducing interest rate margins and extending the maturity dates [5][10]. Distribution Declaration - A quarterly cash distribution of $0.40 per share was declared, payable on September 30, 2025, to stockholders of record on September 15, 2025 [6][4].