Oaktree Specialty Lending Corp 2025年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 1-33901Oaktree Specialty Lending Corporation (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware(State or jurisdiction ofincorporation or organization) 333 South Grand Avenue, 28th FloorLos Angeles, CA(Address of principal executive office)90071(Zip Code)REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:(213) 830-6300 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Trading Symbol(s) Common Stock, par value $0.01 pershare OCSL The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File requiredto be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months(or for such shorter period that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer,""accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the ExchangeAct. filer Emerging growthcompany☐If an emerging growth company, indicate by check mark if the registrant haselected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of theExchange Act Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct)YesNo The registrant had 88,085,523 shares of common stock outstanding as of April 29, 2025. OAKTREE SPECIALTY LENDING CORPORATIONFORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2025 TABLE OF CONTENTS PART I — FINANCIAL INFORMATION Item 1.Consolidated Financial Statements:Consolidated Statements of Assets and Liabilities as of March 31, 2025 (unaudited) and September30, 20242Consolidated Statements of Operations (unaudited) for the three and six months ended March 31,2025 and 20243Consolidated Statements of Changes in Net Assets (unaudited) for the three and six months endedMarch 31, 2025 and 20244Consolidated Statements of Cash Flows (unaudited) for the six months ended March 31, 2025 and20245Consolidated Schedule of Investments (unaudited) as of March 31, 20256Consolidated Schedule of Investments as of September 30, 202418Notes to Consolidated Financial Statements (unaudited)29Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations86Item 3.Quantitative and Qualitative Disclosures about Market Risk106Item 4.Controls and Procedures108 PART II — OTHER INFORMATION Item 1.Legal Proceedings108Item 1A.Risk Factors108Item 2.Unregistered Sales of Equity Securities and Use of Proceeds108Item 3.Defaults Upon Senior Securities108Item 4.Mine Safety Disclosures108Item 5.Other Information108Item 6.Exhibits109 Oaktree Specialty Lending CorporationConsolidated Statements of Changes in Net Assets(in thousands, except per share amounts)(unaudited) Oaktree Specialty Lending CorporationConsolidated Statements of Cash Flows(in thousands)(unaudited) Oaktree Specialty Lending CorporationConsolidated Schedule of InvestmentsMarch 31, 2025(dollar amounts in thousands)(unaudited) Oaktree Specialty Lending CorporationConsolidated Schedule of InvestmentsMarch 31, 2025(dollar amounts in thousands)(unaudited) Oaktree Specialty Lending CorporationConsolidated Schedule of InvestmentsMarch 31, 2025(dollar amounts in thousands)(unaudited) Oaktree Specialty Lending CorporationConsolidated Schedule of InvestmentsMarch 31, 2025(dollar amounts in thousands)(unaudited) Oaktree Specialty Lending CorporationConsolidated Schedule of InvestmentsMarch 31, 2025(dollar amounts in thousands)(unaudited) (1)All debt investments are income producing unless otherwise noted. All equity investments are non-income producing unlessotherwise noted. (2)See Note 3 in the accompanying notes to the Consolidated Financial Statements for portfolio composition by geographicregion. (3)Equity ownership may be held in shares or units of companies related to the portfolio companies. (4)Each of the Company's investments is pledged as collateral under one or more of its credit facilities. A single investment maybe divided into parts that are individually pledged as collateral to separate credit facilities. (5)Interest r