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Oaktree Specialty Lending Corporation Announces First Fiscal Quarter 2026 Financial Results
LOS ANGELES--(BUSINESS WIRE)-- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance
About this update from Oaktree Specialty Lending Corporation
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nOaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the first quarter ended December 31, 2025.\n\n\nFinancial Highlights for the Quarter Ended December 31, 2025\n\n\n\nTotal investment income was $75.1 million ($0.85 per share) for the first fiscal quarter of 2026 as compared to $77.3 million ($0.88 per share) for the fourth fiscal quarter of 2025. Adjusted total investment income was $74.5 million ($0.85 per share) for the first fiscal quarter of 2026 as compared with $76.9 million ($0.87 per share) for the fourth fiscal quarter of 2025. The decrease was driven by lower interest income primarily attributable to lower reference rates and lower original issue discount (\"OID\") acceleration, partially offset by higher fee income primarily attributable to higher prepayment and exit fees.\n\n\n\n\nGAAP net investment income was $36.7 million ($0.42 per share) for the first fiscal quarter of 2026 as compared with $35.8 million ($0.41 per share) for the fourth fiscal quarter of 2025. The increase for the quarter was primarily driven by lower net expenses due to lower income-based (\"Part I\") incentive fees (net of fees waived), offset by lower total investment income and higher interest expense.\n\n\n\n\nAdjusted net investment income was $36.1 million ($0.41 per share) for the first fiscal quarter of 2026 as compared with $35.4 million ($0.40 per share) for the fourth fiscal quarter of 2025. The increase for the quarter was primarily driven by lower net expenses due to lower Part I incentive fees (net of fees waived), offset by lower total investment income and higher interest expense.\n\n\n\n\nNet asset value (\"NAV\") per share was $16.30 as of December 31, 2025, down as compared with $16.64 as of September 30, 2025. The decrease from September 30, 2025 was primarily driven by unrealized depreciation on certain debt and equity investments.\n\n\n\n\nOriginated $316.6 million of new investment commitments and received $178.5 million of proceeds from prepayments, exits, other paydowns and sales during the quarter ended December 31, 2025. The weighted average yield on new debt investments was 8.7%.\n\n\n\n\nTotal debt outstanding was $1,615.0 million as of December 31, 2025. The tota...