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Oaktree Specialty Lending Corporation Announces Third Fiscal Quarter 2025 Financial Results
LOS ANGELES, CA, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a
About this update from Oaktree Specialty Lending Corporation
[{"type":"text","content":"LOS ANGELES, CA, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter ended June 30, 2025. Financial Highlights for the Quarter Ended June 30, 2025 Total investment income was $75.3 million ($0.85 per share) for the third fiscal quarter of 2025, as compared with $77.6 million ($0.90 per share) for the second fiscal quarter of 2025. Adjusted total investment income was $74.3 million ($0.84 per share) for the third fiscal quarter of 2025, as compared with $77.2 million ($0.90 per share) for the second fiscal quarter of 2025. The decrease was driven by (i) lower non-recurring fee income, (ii) lower interest income driven by lower original issuance discount (\"OID\") acceleration, a modestly smaller average portfolio and the impact of tightening spreads and (iii) lower dividend income from the Company's investment in Senior Loan Fund JV I, LLC (\"SLF JV I\"). GAAP net investment income was $33.5 million ($0.38 per share) for the third fiscal quarter of 2025, as compared with $39.1 million ($0.45 per share) for the second fiscal quarter of 2025. The decrease for the quarter was primarily driven by lower total investment income and higher interest expense due to one time non-cash expenses associated with the acceleration of deferred financing costs, Part I incentive fees (net of fees waived) and operating expenses. Adjusted net investment income was $32.5 million ($0.37 per share) for the third fiscal quarter of 2025, as compared with $38.7 million ($0.45 per share) for the second fiscal quarter of 2025. The decrease for the quarter was primarily driven by lower adjusted total investment income and higher interest expense, Part I incentive fees (net of fees waived) and operating expenses. Net asset value (\"NAV\") per share was $16.76 as of June 30, 2025, up as compared with $16.75 as of March 31, 2025. The increase from March 31, 2025 primarily reflected unrealized appreciation on certain debt and equity investments. Originated $147.2 million of new investment commitments and received $249.4 million of proceeds from prepayments, exits, other paydowns and sales during the quarter ended June 30, 2025. The weighted average yield on new debt investments was 9.1%. Total...