Oaktree Specialty Lending Corp ( (OCSL) ) has released its Q4 earnings. Here is a breakdown of the information Oaktree Specialty Lending Corp presented to its investors.
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Oaktree Specialty Lending Corporation is a specialty finance company that provides customized credit solutions to companies with limited access to public or syndicated capital markets. It focuses on generating current income and capital appreciation through various financing solutions including loans and equity.
In its latest earnings report for the fourth fiscal quarter and full year 2024, Oaktree Specialty Lending Corporation announced a quarterly distribution of $0.55 per share. The company reported total investment income of $94.7 million for the quarter and $381.7 million for the year, alongside a GAAP net investment income of $44.9 million for the quarter and $175.1 million for the year.
Key financial highlights include a full-year adjusted total investment income increase driven by a larger investment portfolio and higher interest income. The company’s net asset value per share decreased to $18.09, reflecting losses on certain investments. Additionally, Oaktree maintained substantial liquidity with $64.0 million in cash and $907.5 million in undrawn credit facility capacity.
The company also noted successful restructuring of non-accrual investments and a reduction in management fees. Despite challenges, Oaktree Specialty Lending remains confident in the credit quality of its portfolio and its ability to deliver shareholder value through its robust investment platform.
Looking ahead, Oaktree Specialty Lending Corporation plans to leverage its extensive resources to navigate market challenges and pursue growth opportunities, with a continued focus on maintaining strong shareholder returns.
