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Jun 30, 2023
Oaktree Q3 2023 Earnings Report
Oaktree Specialty Lending's financial performance was announced for Q3 2023, revealing increased total investment income and GAAP net investment income, while NAV per share experienced a slight decrease.
Key Takeaways
Oaktree Specialty Lending Corporation reported a solid third fiscal quarter with increased total investment income and GAAP net investment income. The company originated $251.0 million of new investment commitments and received $261.0 million from prepayments and exits. A quarterly cash distribution of $0.55 per share was declared.
Total investment income was $101.9 million ($1.32 per share) for the third fiscal quarter of 2023.
GAAP net investment income was $48.4 million ($0.63 per share) for the third fiscal quarter of 2023.
Net asset value (NAV) per share was $19.58 as of June 30, 2023.
Originated $251.0 million of new investment commitments and received $261.0 million of proceeds from prepayments, exits, other paydowns and sales during the quarter ended June 30, 2023.
Oaktree
Oaktree
Forward Guidance
The company believes its liquidity and capital resources are sufficient to take advantage of market opportunities in the current economic climate.