UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 18, 2024

 

OAKTREE STRATEGIC CREDIT FUND

(Exact Name of Registrant as Specified in Charter)

 

 

Registrant’s telephone number, including area code: (213)

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule of the Securities Exchange Act of 1934 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

 

 

 

Item 7.01. Regulation FD Disclosure.

April 2024 Distribution

On April 18, 2024, the Board of Trustees of Oaktree Strategic Credit Fund (the “”) declared a regular distribution on the Fund’s outstanding common shares of beneficial interest (the “”) in the amount per share set forth below:

 

The regular distribution is payable to shareholders of record as of April 29, 2024 and will be paid on or about May 30, 2024.

The distribution will be paid in cash and, in the case of shareholders participating in the Fund’s distribution reinvestment plan, reinvested in Shares.

As previously announced, the Fund intends to report its net asset value per share as of the last day of each month on its website, , within 20 business days of month end. At such time, the Fund may also make available on its website other financial information as of the applicable The information on the Fund’s website is not a part of, or incorporated by reference in, this Current Report on Form

The information disclosed under this Item 7.01 is being “furnished” and shall not be deemed “filed” by the Fund for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “”), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01. Other Events.

Net Asset Value and Portfolio Update

The net asset value (“”) per share of the issued and outstanding Shares of the Fund as of March 31, 2024, as determined on April 18, 2024 in accordance with the Fund’s valuation policy, is set forth below.

 

As of March 31, 2024, the Fund’s aggregate NAV was approximately $2.5 billion, the fair value of its investment portfolio was approximately $3.5 billion and it had approximately $1.2 billion principal amount of debt outstanding. As of March 31, 2024, the Fund’s leverage ratio was approximately 0.48 times. NAV per share increased from $23.58 per share as of February 29, 2024 to $23.61 per share as of March 31, 2024.

Status of Offering

The Fund is currently publicly offering on a continuous basis up to $5.0 billion in Shares (the “”). Additionally, the Fund has sold unregistered Class I Shares in transactions exempt from the registration provisions of the Securities Act pursuant to Section 4(a)(2) and/or Regulation S thereunder as part of a private offering (the “”). The following tables list the Shares issued and total consideration for the Private Offering and the Offering, in each case, as of the date of this filing. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis.

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

OAKTREE STRATEGIC CREDIT FUND
(Registrant)
By:		/s/ Mary Gallegly
Name:		Mary Gallegly
Title:		General Counsel and Secretary

Date: April 24, 2024