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Oaktree Capital units increase revolving loan commitments

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Oaktree Capital units increase revolving loan commitments

Oaktree Capital Management LP, Oaktree Capital II LP, Oaktree AIF Investments LP and Oaktree Capital I LP on Dec. 13 increased the revolving loan commitments under their credit agreement to $650 million from $500 million.

The amended credit agreement also refinances all outstanding term loans, which have an aggregate principal of $150 million, prior to the effectiveness of the amendment with revolving loans. The maturity date of the credit agreement was extended to Dec. 13, 2024, from March 29, 2023.