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SEC Filings

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
September 30, 2018
(dollar amounts in thousands)


Portfolio Company/Type of Investment (1)(2)(5)(9)(14)
 
 Cash Interest Rate (13)
 
Industry
 
Principal (8)
 
Cost
 
Fair Value
 Weatherford International
 
 
 
 Oil & gas equipment services
 
 
 
 
 
 
 Fixed Rate Bond 9.875% cash due 2/15/2024 (11)(21)
 
 
 
 
 
$
12,000

 
$
11,479

 
$
11,790

 
 
 
 
 
 
 
 
11,479

 
11,790

 WeddingWire, Inc.
 
 
 
 Internet services & infrastructure
 
 
 
 
 
 
 Earn-out (19)
 
 
 
 
 
 
 

 
70

 
 
 
 
 
 
 
 

 
70

 Windstream Services, LLC
 
 
 
 Integrated telecommunication services
 
 
 
 
 
 
 Fixed Rate Bond 8.625% cash due 10/31/2025 (11)(21)
 
 
 
 
 
5,000

 
4,867

 
4,825

 
 
 
 
 
 
 
 
4,867

 
4,825

 WP CPP Holdings, LLC
 
 
 
 Aerospace & defense
 
 
 
 
 
 
 Second Lien Term Loan, LIBOR+7.75% (1% floor) cash due 4/30/2026 (13)(21)
 
10.15
%
 
 
 
15,000

 
14,855

 
15,033

 
 
 
 
 
 
 
 
14,855

 
15,033

 xMatters, Inc.
 
 
 
 Application software
 
 
 
 
 
 
 600,000 Common Stock Warrants (exercise price $0.593333) expiration date 2/26/2025
 
 
 
 
 
 
 
709

 
287

 
 
 
 
 
 
 
 
709

 
287

 Yeti Acquisition, LLC
 
 
 
Leisure products
 
 
 
 
 
 
 2,000,000 Common Stock Units of Yeti Holdings, Inc. (28)
 
 
 
 
 
 
 

 
12,073

 
 
 
 
 
 
 
 

 
12,073

 Zep Inc.
 
 
 
 Specialty chemicals
 
 
 
 
 
 
 Second Lien Term Loan, LIBOR+8.25% (1% floor) cash due 8/11/2025 (13)
 
10.64
%
 
 
 
30,000

 
29,870

 
28,800

 First Lien Term Loan B, LIBOR+4.00% (1% floor) cash due 8/12/2024 (13)(21)
 
6.39
%
 
 
 
1,995

 
1,903

 
1,904

 
 
 
 
 
 
 
 
31,773

 
30,704

 Zephyr Bidco Limited
 
 
 
 Specialized finance
 
 
 
 
 
 
 Second Lien Term Loan, UK LIBOR+7.50% (0% floor) cash due 7/23/2026 (11)(13)(21)
 
8.22
%
 
 
 
£
18,000

 
23,568

 
23,258

 
 
 
 
 
 
 
 
23,568

 
23,258

 Total Non-Control/Non-Affiliate Investments (150.6% of net assets)
 
 
 
 
 
 
 
$
1,392,383

 
$
1,292,166

Total Portfolio Investments (173.8% of net assets)
 
 
 
 
 
 
 
$
1,606,933

 
$
1,491,201

Cash and Cash Equivalents and Restricted Cash
 
 
 
 
 
 
 
 
 
 
JP Morgan Prime Money Market Fund, Institutional Shares
 
 
 
 
 
 
 
$
9,108

 
$
9,108

Other cash accounts
 
 
 
 
 
 
 
4,381

 
4,381

Total Cash and Cash Equivalents and Restricted Cash (1.6% of net assets)
 
 
 
 
 
 
 
$
13,489

 
$
13,489

Total Portfolio Investments, Cash and Cash Equivalents and Restricted Cash (175.4% of net assets)
 
 
 
 
 
 
 
$
1,620,422

 
$
1,504,690

Derivative Instrument
 
Notional Amount to be Purchased
 
Notional Amount to be Sold
 
Maturity Date
 
Counterparty
 
Cumulative Unrealized Appreciation /(Depreciation)
Foreign currency forward contract
 
$
23,113

 
£
17,579

 
10/26/2018
 
JPMorgan Chase Bank, N.A.
 
$
162


See notes to Consolidated Financial Statements.

(1)
All debt investments are income producing unless otherwise noted. All equity investments are non-income producing unless otherwise noted.
(2)
See Note 3 in the accompanying notes to the Consolidated Financial Statements for portfolio composition by geographic region.
(3)
Control Investments generally are defined by the Investment Company Act, as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
(4)
Affiliate Investments generally are defined by the Investment Company Act as investments in companies in which the Company owns between 5% and 25% of the voting securities.
(5)
Equity ownership may be held in shares or units of companies related to the portfolio companies.
(6)
Income producing through payment of dividends or distributions.

25


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