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Oaktree Specialty Lending Corporation (OCSL-0.09%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements for the quarter, indicating total assets of $3,083,792, down from $3,198,341 as of September 30, 2024. Total liabilities decreased to $1,633,977 from $1,710,530 in the previous quarter.
The company reported net investment income of $44,302 for the quarter, compared to $44,189 in the same quarter of the previous year. Net realized and unrealized losses totaled $37,063, compared to $33,654 in the previous year.
Oaktree Specialty Lending Corporation's portfolio at fair value was $2,835,294, a decrease from $3,021,279 as of September 30, 2024. The portfolio consisted of 136 investments, primarily in senior secured debt.
The company maintained a cash and cash equivalents balance of $112,913, with restricted cash of $13,159, compared to $63,966 and $14,577 respectively in the prior quarter.
Oaktree Specialty Lending Corporation's credit facilities payable decreased to $660,000 from $710,000, while unsecured notes payable were $917,795, down from $928,693.
The company had 82,245,319 shares of common stock outstanding as of January 31, 2025. The net asset value per share was $17.63, down from $18.09 as of September 30, 2024.
The filing outlines the company's investment strategy, focusing on providing credit solutions to companies with limited access to public or syndicated capital markets.
Oaktree Specialty Lending Corporation's investment in joint ventures, including Senior Loan Fund JV I, LLC and OCSI Glick JV LLC, totaled $135.4 million and $49.6 million respectively, at fair value.
The company identified nine investments on non-accrual status, representing 5.1% of total debt investments at cost and 3.9% at fair value.
Oaktree Specialty Lending Corporation continues to operate as a Business Development Company under the Investment Company Act and has elected to be treated as a regulated investment company for U.S. federal income tax purposes.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Oaktree Specialty Lending Corporation quarterly 10-Q report dated February 4, 2025. To report an error, please email earnings@qz.com.