Oaktree Gardens OLP LLC

03/15/2024 | Press release | Distributed by Public on 03/15/2024 14:07

Material Agreement - Form 8-K

Item 1.01.

Entry into a Material Definitive Agreement.

On March 12, 2024, Oaktree Gardens OLP, LLC (the "Company") entered into a joinder (the "Joinder") to the revolving credit agreement, dated September 26, 2023 (the "Credit Agreement"), by and among the Company, as initial borrower, Gardens Coinvest, LLC, as initial qualified borrower, Oaktree Gardens OLP SPV, L.P., as initial guarantor, Oaktree OLPG GP, L.P., as general partner, Oaktree OLPG GP Ltd, as ultimate general partner, Sumitomo Mitsui Banking Corporation, as the administrative agent, the sole bookrunner and lead arranger, and the lenders from time to time party thereto, pursuant to which Oversea-Chinese Banking Corporation Limited, New York Agency became a lender under the Company's senior secured revolving credit facility (the "Credit Facility"). In addition, the maximum size of the Credit Facility was increased from $125 million to $250 million in a partial exercise of the "accordion" feature in the Credit Agreement. The maximum size of Credit Facility may be further increased to $400 million.

The description above is only a summary of the material provisions of the Joinder and is qualified in its entirety by reference to the Joinder, which will be filed as an exhibit to the Company's quarterly report on Form 10-Qfor the quarter ending March 31, 2024.