Here are the 10-K annual reports from Oaktree Specialty Lending Corporation (OCSL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow OCSL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OCSL filings page.
Oaktree Specialty Lending Corporation files its annual report describing a specialty finance business focused on customized credit to middle‑market companies. The company operates as a closed‑end Business Development Company and a regulated investment company, externally managed by Oaktree Fund Advisors.
As of September 30, 2025, its investment portfolio totaled $2.8 billion at fair value across 143 portfolio companies, with 94.6% in debt investments and 85.9% in senior secured loans. The weighted average annual yield was 9.8% on debt investments and 9.4% on total investments.
Oaktree Specialty Lending targets a long‑term debt‑to‑equity ratio of 0.90x to 1.25x and reported net debt to equity of 0.97x as of September 30, 2025. The company also highlights joint venture exposures through Senior Loan Fund JV I and OCSI Glick JV, and notes 88,085,523 common shares outstanding as of November 14, 2025.