Oaktree Strategic Income II, Inc. Enters into Secured Revolving Credit Agreement with City National BankOctober 16, 2018
S&C client Oaktree Strategic Income II, Inc., a closed end investment company and business development company, entered into a secured revolving credit agreement with City National Bank as lender. This loan facility will provide the company with financing for investment, working capital and other general corporate purposes. The company is a specialty finance company dedicated to providing customized capital solutions to middle-market companies and is managed by Oaktree Capital Management, which manages approximately $122 billion of assets worldwide.
The S&C team was led by John Estes, along with Bobby Yeh and Cristina Liebolt. William Farrar advised on 1940 Act matters. Jeffrey Hochberg and Andrew Motten advised on ERISA, and Ronald Creamer, along with Dana Brodsky and John Jo advised on tax.