SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 14, 2020 (July 8, 2020)
Oaktree Strategic Income Corporation
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|(Commission File Number)||(IRS Employer Identification No.)|
|333 South Grand Avenue, 28th Floor, Los Angeles, CA||90071|
|(Address of principal executive offices)||(Zip Code)|
Registrants telephone number, including area code: (213) 830-6300
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange
on which registered
|Common stock, par value $0.01 per share||OCSI||The Nasdaq Global Select Market|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging Growth Company ☐
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 13(a) of the Exchange Act. ☐
|Item 1.01.|| |
Entry into a Material Definitive Agreement.
On July 8, 2020, OCSI Senior Funding Ltd., a wholly owned subsidiary of Oaktree Strategic Income Corporation (the Company), entered into an amendment (the DB Credit Facility Amendment) to the documents governing Fundings loan financing and servicing agreement (as amended, the Deutsche Bank Facility) with the Company, as equityholder and servicer, the lenders from time to time parties thereto, Deutsche Bank AG, New York Branch, as facility agent, and the other agents parties thereto and Wells Fargo Bank, National Association, as collateral agent and collateral custodian.
The DB Credit Facility Amendment, among other things, (a) establishes a waiver period beginning on July 8, 2020 and ending 135 days thereafter (the Waiver Period), during which the facility agent is restricted from revaluing certain collateral obligations where the change in valuation is caused by or results from a business disruption due primarily to the COVID-19 pandemic and (b) modifies the minimum utilization percentage from 80% to 50% until 90 days after the end of the Waiver Period. The other material terms of the Deutsche Bank Facility were unchanged.
The description above is only a summary of the material provisions of the DB Credit Facility Amendment and is qualified in its entirety by reference to the DB Credit Facility Amendment, which will be filed as an exhibit to the Companys Annual Report on Form 10-K for the year ending September 30, 2020.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
OAKTREE STRATEGIC INCOME CORPORATION
|Date: July 14, 2020||
|By:||/s/ Mel Carlisle|
|Name: Mel Carlisle|
|Title: Chief Financial Officer and Treasurer|