Oaktree Specialty Lending Corporation entered into an amendment to its amended and restated senior secured credit facility among the Company, the lenders party thereto, ING Capital LLC, as administrative agent, ING Capital LLC, JPMorgan Chase Bank, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint bookrunners, and JPMorgan Chase Bank, N.A. and Bank of America, N.A., as syndication agents.

Among other things, the Amendment: (1) increases the minimum stockholders' equity covenant from $550 million to $600 million as of the date of closing of the Company's previously announced merger with Oaktree Strategic Income Corporation (the "Merger"), in each case plus 50% of the aggregate net proceeds of all sales of equity interests by the Company after May 6, 2020; (2) increases the minimum obligors' net worth covenant from $500 million to $550 million as of the date of the closing of the Merger; (3) modified the covenants, including the negative covenants relating to investments and transactions with affiliates, to permit the Merger; and (4) added provisions relating to the transition from the London Interbank Offered Rate to the Secured Overnight Financing Rate.