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10-Q
OAKTREE SPECIALTY LENDING CORP filed this Form 10-Q on 02/07/2019
Entire Document
 
Oaktree Specialty Lending Corporation
Consolidated Schedule of Investments
December 31, 2018
(dollar amounts in thousands)
(unaudited)


Portfolio Company/Type of Investment (1)(2)(3)(4)(5)
 
 Cash Interest Rate (6)
 
Industry
 
Principal (7)

 
Cost
 
Fair Value
 Veritas US Inc.
 
 
 
 Application software
 
 
 
 
 
 
 First Lien Term Loan B-1, LIBOR+4.5% (1% floor) cash due 1/27/2023 (6)(20)
 
7.09
%
 
 
 
$
34,463

 
$
34,793

 
$
29,626

 
 
 
 
 
 
 
 
34,793

 
29,626

 Verscend Holding Corp.
 
 
 
 Healthcare technology
 
 
 
 
 
 
 First Lien Term Loan B, LIBOR+4.5% (1% floor) cash due 8/27/2025 (6)(20)
 
7.02
%
 
 
 
24,938

 
24,824

 
24,189

 Fixed Rate Bond 9.75% cash due 8/15/2026 (20)
 


 
 
 
12,000

 
12,024

 
11,325

 
 
 
 
 
 
 
 
36,848

 
35,514

 Vertex Aerospace Services Corp.
 
 
 
 Aerospace & defense
 
 
 
 
 
 
 First Lien Term Loan B, LIBOR+4.75% cash due 6/29/2025 (6)(20)
 
7.27
%
 
 
 
15,920

 
15,846

 
15,801

 
 
 
 
 
 
 
 
15,846

 
15,801

 Vitalyst Holdings, Inc.
 
 
 
IT consulting & other services
 
 
 
 
 
 
 675 Series A Preferred Units of PCH Support Holdings, Inc., 10%
 
 
 
 
 
 
 
675

 
440

 7,500 Class A Common Stock Units of PCH Support Holdings, Inc.
 
 
 
 
 
 
 
75

 

 
 
 
 
 
 
 
 
750

 
440

 Weatherford International
 
 
 
 Oil & gas equipment services
 
 
 
 
 
 
 Fixed Rate Bond 9.875% cash due 2/15/2024 (11)(20)
 
 
 
 
 
12,000

 
11,498

 
7,440

 
 
 
 
 
 
 
 
11,498

 
7,440

 Windstream Services, LLC
 
 
 
 Integrated telecommunication services
 
 
 
 
 
 
 Fixed Rate Bond 8.625% cash due 10/31/2025 (11)(20)
 
 
 
 
 
5,000

 
4,871

 
4,475

 
 
 
 
 
 
 
 
4,871

 
4,475

 WP CPP Holdings, LLC
 
 
 
 Aerospace & defense
 
 
 
 
 
 
 Second Lien Term Loan, LIBOR+7.75% (1% floor) cash due 4/30/2026 (6)(20)
 
10.28
%
 
 
 
15,000

 
14,860

 
14,766

 
 
 
 
 
 
 
 
14,860

 
14,766

 xMatters, Inc.
 
 
 
 Application software
 
 
 
 
 
 
 600,000 Common Stock Warrants (exercise price $1.78) expiration date 2/26/2025
 
 
 
 
 
 
 
709

 
282

 
 
 
 
 
 
 
 
709

 
282

 Yeti Holdings, Inc.
 
 
 
Leisure products
 
 
 
 
 
 
 633,938 Common Shares
 
 
 
 
 
 
 

 
9,408

 
 
 
 
 
 
 
 

 
9,408

 Zep Inc.
 
 
 
 Specialty chemicals
 
 
 
 
 
 
 Second Lien Term Loan, LIBOR+8.25% (1% floor) cash due 8/11/2025 (6)
 
11.05
%
 
 
 
30,000

 
29,875

 
27,600

 First Lien Term Loan B, LIBOR+4% (1% floor) cash due 8/12/2024 (6)(20)
 
6.80
%
 
 
 
1,990

 
1,902

 
1,794

 
 
 
 
 
 
 
 
31,777

 
29,394

 Zephyr Bidco Limited
 
 
 
 Specialized finance
 
 
 
 
 
 
 Second Lien Term Loan, UK LIBOR+7.5% (0% floor) cash due 7/23/2026 (6)(11)(20)
 
8.23
%
 
 
 
£
18,000

 
23,587

 
22,778

 
 
 
 
 
 
 
 
23,587

 
22,778

 Total Non-Control/Non-Affiliate Investments (145.7% of net assets)
 
 
 
 
 
 
 
$
1,372,068

 
$
1,270,978

Total Portfolio Investments (167.9% of net assets)
 
 
 
 
 
 
 
$
1,587,310

 
$
1,464,885

Cash and Cash Equivalents and Restricted Cash
 
 
 
 
 
 
 
 
 
 
JP Morgan Prime Money Market Fund, Institutional Shares
 
 
 
 
 
 
 
$
51,241

 
$
51,241

Other cash accounts
 
 
 
 
 
 
 
5,415

 
5,415

Total Cash and Cash Equivalents and Restricted Cash (6.5% of net assets)
 
 
 
 
 
 
 
$
56,656

 
$
56,656

Total Portfolio Investments, Cash and Cash Equivalents and Restricted Cash (174.4% of net assets)
 
 
 
 
 
 
 
$
1,643,966

 
$
1,521,541

See notes to Consolidated Financial Statements.



13


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