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): September 29, 2020



Oaktree Strategic Income Corporation

(Exact name of registrant as specified in its charter)




Delaware   814-01013   61-1713295

(State or other jurisdiction

of incorporation)

  (Commission File Number)   (IRS Employer Identification No.)
333 South Grand Avenue, 28th Floor, Los Angeles, CA   90071
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (213) 830-6300

Not Applicable

(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 September 29, 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 Funding’s 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) extends the reinvestment period by one year to September 30, 2021, (b) decreases the size of the Deutsche Bank Facility from $200 million to $160 million, (c) modifies the interest rate to a rate equal to three-month LIBOR plus 2.65%, (d) extends to January 3, 2021, 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 (subject to the Company’s ability to earlier terminate such period in certain circumstances) and (e) increases the minimum utilization percentage to 80%. 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 Company’s Annual Report on Form 10-K for the year ending September 30, 2020.

Item 1.02. Termination of a Material Definitive Agreement.

On September 30, 2020, the Company repaid all amounts outstanding under its $25 million senior secured revolving credit facility with East West Bank, following which the facility was terminated.


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.


Date: September 30, 2020   By:  

/s/ Mel Carlisle

    Name:   Mel Carlisle
    Title:   Chief Financial Officer and Treasurer