Waystar Technologies, Inc. (F/K/A Navicure, Inc.)(5)(8)
First lien senior secured loan
S+
2.00
%
10/2029
6,237
6,242
6,222
Zelis Cost Management Buyer, Inc.(5)
First lien senior secured loan
S+
3.25
%
11/2031
11,402
11,360
11,115
133,074
131,690
21.7
%
Household products
Energizer Holdings, Inc.(5)
First lien senior secured loan
S+
2.00
%
03/2032
2,381
2,379
2,371
Samsonite International S.A.(5)
First lien senior secured loan
S+
1.75
%
11/2032
2,965
2,950
2,967
5,329
5,338
0.9
%
Human resource support services
AQ Carver Buyer, Inc. (dba CoAdvantage)(7)
First lien senior secured loan
S+
5.50
%
08/2029
1,970
1,975
1,602
Dawn Bidco, LLC (dba Dayforce)(6)
First lien senior secured loan
S+
3.00
%
10/2032
21,832
21,780
19,836
iSolved, Inc.(5)
First lien senior secured loan
S+
2.75
%
10/2030
18,843
18,841
17,596
UKG Inc. (dba Ultimate Software)(6)
First lien senior secured loan
S+
2.25
%
02/2031
17,268
17,270
16,229
59,866
55,263
9.1
%
7
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2026
(Amounts in thousands)
Interest
Company(1)(3)(4)
Investment
Ref. Rate
Cash
Maturity Date
Par / Units
Amortized Cost(2)
Fair Value
Percentage of Members’ Equity(10)
Industrial
PATHFINDER PWR LLC(6)(8)
First lien senior secured loan
S+
2.00
%
06/2033
7,446
7,443
7,428
7,443
7,428
1.2
%
Infrastructure and environmental services
Arcwood Environmental, Inc(5)(8)
First lien senior secured loan
S+
3.00
%
04/2033
6,290
6,260
6,306
ASP Acuren Holdings, Inc.(5)
First lien senior secured loan
S+
2.50
%
07/2031
9,436
9,438
9,434
Clean Harbors Inc(5)
First lien senior secured loan
S+
1.50
%
09/2032
3,007
3,007
3,014
Core & Main LP(6)(8)
First lien senior secured loan
S+
3.00
%
07/2033
2,000
1,995
1,995
Geosyntec Consultants, Inc.(5)
First lien senior secured loan
S+
3.00
%
07/2031
15,636
15,640
15,611
GFL Environmental Services Inc.(6)
First lien senior secured loan
S+
2.50
%
03/2032
8,503
8,504
8,499
Gulfside Supply, Inc. (dba Gulfeagle Supply)(6)
First lien senior secured loan
S+
3.00
%
06/2031
3,491
3,386
2,930
Trilon Group, LLC(6)(8)
First lien senior secured loan
S+
3.50
%
06/2033
11,279
11,222
11,279
59,452
59,068
9.7
%
Insurance
Acrisure, LLC(5)
First lien senior secured loan
S+
3.00
%
11/2030
8,382
8,336
7,565
Acrisure, LLC(5)
First lien senior secured loan
S+
3.25
%
06/2032
1,913
1,909
1,724
Alera Group, Inc.(5)
First lien senior secured loan
S+
2.75
%
05/2032
17,192
17,192
16,309
Alliant Holdings Intermediate LLC(5)
First lien senior secured loan
S+
2.50
%
09/2031
12,338
12,322
12,162
AmWINS Group, Inc.(5)
First lien senior secured loan
S+
2.00
%
01/2032
14,926
14,927
14,583
Ardonagh Midco 3 PLC(6)
First lien senior secured loan
S+
3.00
%
02/2031
9,966
9,940
9,623
Asurion, LLC(6)
First lien senior secured loan
S+
4.25
%
08/2028
913
911
911
Broadstreet Partners, Inc.(5)
First lien senior secured loan
S+
2.50
%
06/2031
11,850
11,850
11,418
CFC USA 2025 LLC (dba CFC Insurance)(6)
First lien senior secured loan
S+
3.50
%
07/2032
8,399
8,273
7,867
Hub International(6)
First lien senior secured loan
S+
2.25
%
06/2030
3,455
3,455
3,450
Hyperion Refinance S.à r.l (dba Howden Group)(5)
First lien senior secured loan
S+
2.75
%
04/2030
18,642
18,642
17,538
Hyperion Refinance S.à r.l (dba Howden Group)(5)
First lien senior secured loan
S+
2.75
%
02/2031
3,497
3,497
3,276
IMA Financial Group, Inc.(5)
First lien senior secured loan
S+
3.00
%
11/2028
8,341
8,324
8,306
Legence Holdings LLC(7)(8)
First lien senior secured loan
S+
3.75
%
10/2032
3,123
3,108
2,936
Lockton Inc(6)(8)
First lien senior secured loan
S+
2.00
%
05/2033
6,987
6,953
6,970
Mitchell International, Inc.(5)
First lien senior secured loan
S+
3.00
%
06/2031
13,915
13,803
13,215
Ryan Specialty Group LLC(5)
First lien senior secured loan
S+
2.00
%
09/2031
2,487
2,493
2,480
Summit Acquisition Inc. (dba K2 Insurance Services)(5)
First lien senior secured loan
S+
3.50
%
10/2031
3,719
3,719
3,711
Trucordia Insurance Holdings, LLC(6)(8)
First lien senior secured loan
S+
3.25
%
06/2032
19,800
19,759
17,622
Truist Insurance Holdings, LLC(6)
First lien senior secured loan
S+
2.75
%
05/2031
9,249
9,231
9,021
USI, Inc.(6)
First lien senior secured loan
S+
2.25
%
09/2030
2,461
2,463
2,448
181,107
173,135
28.5
%
Internet software and services
Avalara, Inc.(6)
First lien senior secured loan
S+
2.50
%
03/2032
12,008
11,998
11,477
Cloud Software Group, Inc.(6)
First lien senior secured loan
S+
3.25
%
03/2031
4,938
4,938
4,315
Cloud Software Group, Inc.(6)
First lien senior secured loan
S+
3.25
%
08/2032
9,115
9,102
7,858
Clover Holdings 2, LLC (dba Cohesity)(5)
First lien senior secured loan
S+
3.75
%
12/2031
19,446
19,266
18,538
Delta TopCo, Inc. (dba Infoblox, Inc.)(6)
First lien senior secured loan
S+
2.75
%
11/2029
20,152
20,014
19,032
Epicor(5)
First lien senior secured loan
S+
2.75
%
05/2031
1,292
1,282
1,232
Gen Digital Inc(5)
First lien senior secured loan
S+
1.75
%
04/2032
3,291
3,277
3,244
Genesys Cloud Services, Inc.(5)
First lien senior secured loan
S+
2.50
%
01/2032
14,318
14,284
13,688
8
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2026
(Amounts in thousands)
Interest
Company(1)(3)(4)
Investment
Ref. Rate
Cash
Maturity Date
Par / Units
Amortized Cost(2)
Fair Value
Percentage of Members’ Equity(10)
IGT Holding IV AB (dba IFS)(6)
First lien senior secured loan
S+
3.00
%
09/2031
5,063
5,058
4,940
KnowBe4, Inc.(6)
First lien senior secured loan
S+
3.75
%
07/2032
15,870
15,849
12,299
McAfee Corp.(5)
First lien senior secured loan
S+
3.00
%
03/2029
2,975
2,960
2,633
Opal US LLC(6)
First lien senior secured loan
S+
2.50
%
04/2032
11,783
11,783
11,768
Project Alpha Intermediate Holding, Inc. (dba Qlik)(6)
First lien senior secured loan
S+
3.25
%
10/2030
6,926
6,912
4,985
Proofpoint, Inc.(6)
First lien senior secured loan
S+
3.00
%
08/2028
16,506
16,439
15,909
Quartz Acquireco, LLC (dba Qualtrics)(6)
First lien senior secured loan
S+
2.25
%
06/2030
492
491
410
Sedgwick Claims Management Services, Inc.(5)
First lien senior secured loan
S+
2.50
%
07/2031
22,003
21,995
21,717
SONICWALL US Holdings, Inc.(6)(8)
First lien senior secured loan
S+
5.00
%
05/2028
2,957
2,945
1,131
Sophos Holdings, LLC(5)
First lien senior secured loan
S+
3.50
%
03/2027
11,761
11,755
10,886
SS&C(5)
First lien senior secured loan
S+
2.00
%
05/2031
9,413
9,422
9,391
Starlight Parent, LLC (dba SolarWinds)(6)
First lien senior secured loan
S+
4.00
%
04/2032
9,250
9,011
7,713
Storable, Inc.(5)
First lien senior secured loan
S+
3.25
%
04/2031
11,078
11,077
9,851
UST Holdings, Ltd.(5)
First lien senior secured loan
S+
3.00
%
11/2028
5,897
5,906
5,587
VERDE PURCHASER LLC (dba Veritiv Corp)(6)
First lien senior secured loan
S+
4.00
%
11/2030
11,490
11,423
10,842
VIRTUSA CORPORATION(5)
First lien senior secured loan
S+
3.25
%
02/2029
3,373
3,311
2,911
VS Buyer LLC (dba Veeam Software)(6)
First lien senior secured loan
S+
2.25
%
04/2031
12,101
12,042
11,602
242,540
223,959
36.9
%
Investment fund and vehicle
Chicago US MidCo III, LP(5)
First lien senior secured loan
S+
2.50
%
11/2032
14,994
14,963
14,964
Grosvenor(5)
First lien senior secured loan
S+
2.25
%
02/2030
959
963
961
JUPITER BORROWER INC (dba Janus Henderson)(6)
First lien senior secured loan
S+
2.75
%
03/2033
10,799
10,753
10,777
26,752
26,679
26,702
4.4
%
Leisure and entertainment
Cedar Fair, L.P. (dba Six Flags Entertainment Corp)(5)
First lien senior secured loan
S+
2.00
%
05/2031
4,699
4,671
4,650
Delta 2 (Lux) SARL (dba Formula One)(6)
First lien senior secured loan
S+
1.75
%
09/2031
2,000
2,007
1,998
GBT US III LLC (dba Global Business Travel Group, Inc.)(6)
First lien senior secured loan
S+
2.00
%
07/2031
6,391
6,391
6,383
Live Nation Entertainment, Inc.(5)
First lien senior secured loan
S+
2.00
%
10/2032
11,433
11,383
11,419
OakEagle AcquireCo Inc(6)
First lien senior secured loan
S+
3.50
%
03/2033
17,869
17,601
17,908
42,053
42,358
7.0
%
Manufacturing
ALLIANCE LAUNDRY SYSTEMS LLC(5)
First lien senior secured loan
S+
2.25
%
08/2031
6,996
6,998
6,996
Altar Bidco, Inc.(5)
First lien senior secured loan
S+
3.35
%
02/2029
1,999
1,979
1,996
Chariot Buyer LLC (dba Chamberlain Group)(5)
First lien senior secured loan
S+
3.00
%
09/2032
8,843
8,842
8,841
CompoSecure Holdings, L.L.C.(6)
First lien senior secured loan
S+
2.25
%
01/2033
9,655
9,652
9,592
DXP Enterprises, Inc.(5)
First lien senior secured loan
S+
3.25
%
10/2030
11,615
11,622
11,653
EMRLD Borrower LP (dba Emerson)(6)
First lien senior secured loan
S+
2.25
%
05/2030
11,621
11,624
11,606
Engineered Machinery Holdings, Inc. (dba Duravant)(6)
First lien senior secured loan
S+
3.25
%
11/2032
17,676
17,629
17,753
Faraday Buyer, LLC (dba MacLean Power Systems)(6)
First lien senior secured loan
S+
2.50
%
02/2033
13,996
13,964
13,963
Filtration Group Corporation(5)
First lien senior secured loan
S+
2.50
%
10/2028
6,241
6,241
6,241
Gates Global LLC(5)
First lien senior secured loan
S+
1.75
%
11/2029
1,824
1,825
1,822
Gloves Buyer, Inc. (dba Protective Industrial Products)(5)
First lien senior secured loan
S+
4.00
%
05/2032
11,223
11,183
11,254
Legence Holdings LLC(5)
First lien senior secured loan
S+
2.00
%
12/2031
7,680
7,680
7,657
MADISON IAQ LLC(7)
First lien senior secured loan
S+
1.75
%
05/2032
18,679
18,679
18,630
Pro Mach Group, Inc.(5)
First lien senior secured loan
S+
2.50
%
10/2032
21,922
21,923
21,928
9
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2026
(Amounts in thousands)
Interest
Company(1)(3)(4)
Investment
Ref. Rate
Cash
Maturity Date
Par / Units
Amortized Cost(2)
Fair Value
Percentage of Members’ Equity(10)
SPECTRIS(5)
First lien senior secured loan
S+
2.75
%
12/2032
13,199
13,173
13,242
STS Operating, Inc.(5)
First lien senior secured loan
S+
4.00
%
03/2031
8,224
8,212
8,225
VICTORY BUYER LLC (dba Vantage Elevator)(6)
First lien senior secured loan
S+
3.00
%
02/2033
9,151
9,108
9,165
Watlow Electric Manufacturing Company(6)
First lien senior secured loan
S+
2.75
%
06/2033
16,145
16,105
16,115
196,439
196,679
32.4
%
Pharmaceuticals
Alkermes, Inc(6)(8)
First lien senior secured loan
S+
2.75
%
08/2031
8,570
8,560
8,592
Amneal Pharmaceuticals LLC(5)
First lien senior secured loan
S+
3.00
%
08/2032
19,703
19,673
19,764
Biomarin Pharmaceutical(7)
First lien senior secured loan
S+
1.75
%
04/2033
8,713
8,695
8,709
Elanco Animal Health Incorporated(5)
First lien senior secured loan
S+
1.75
%
10/2032
6,477
6,433
6,472
Fortrea Holdings Inc.(6)
First lien senior secured loan
S+
3.50
%
07/2030
1,000
984
989
44,345
44,526
7.3
%
Professional services
AlixPartners, LLP(5)
First lien senior secured loan
S+
2.00
%
08/2032
10,886
10,861
10,814
Apex Group Treasury LLC(6)
First lien senior secured loan
S+
3.50
%
02/2032
22,423
22,274
21,176
API GROUP DE INC(5)
First lien senior secured loan
S+
1.75
%
05/2033
6,299
6,299
6,284
Camelot U.S. Acquisition 1 Co.(5)
First lien senior secured loan
S+
2.75
%
01/2031
2,000
2,005
1,837
Corporation Service Company(5)
First lien senior secured loan
S+
2.00
%
11/2029
4,559
4,559
4,532
Element Materials Technology(6)
First lien senior secured loan
S+
3.50
%
07/2029
3,765
3,776
3,777
Element Solutions, Inc.(5)
First lien senior secured loan
S+
1.75
%
12/2030
3,440
3,441
3,440
First Advantage Holdings LLC(6)
First lien senior secured loan
S+
2.75
%
10/2031
8,730
8,678
8,607
Red Ventures, LLC(5)
First lien senior secured loan
S+
2.75
%
03/2030
258
260
239
Skopima Merger Sub Inc.(5)
First lien senior secured loan
S+
3.75
%
05/2028
4,771
4,771
3,923
Vistage International, Inc.(6)
First lien senior secured loan
S+
3.75
%
07/2029
9,747
9,746
9,552
76,670
74,181
12.2
%
Specialty retail
Chewy, Inc.(5)(8)
First lien senior secured loan
S+
1.75
%
06/2033
5,547
5,547
5,547
5,547
5,547
5,547
0.9
%
Telecommunications
Charter Communications Operating LLC(6)
First lien senior secured loan
S+
2.25
%
12/2031
7,880
7,865
7,754
Cogeco Communications (USA) II L.P.(5)
First lien senior secured loan
S+
2.50
%
09/2028
1,274
1,270
1,200
Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6)
First lien senior secured loan
S+
3.00
%
11/2027
10,632
10,609
8,054
Virgin Media Bristol LLC(7)
First lien senior secured loan
S+
3.18
%
03/2031
5,768
5,642
5,096
25,386
22,104
3.6
%
Transportation
Echo Global Logistics, Inc.(5)
First lien senior secured loan
S+
3.75
%
11/2028
1,236
1,228
1,194
Echo Global Logistics, Inc.(6)(8)
First lien senior secured loan
S+
4.00
%
11/2028
3,843
3,708
3,766
First Student Bidco Inc(6)
First lien senior secured loan
S+
2.25
%
08/2030
3,610
3,610
3,610
GB AIT Buyer Inc(6)
First lien senior secured loan
S+
4.25
%
04/2033
16,297
16,138
16,294
Genesee & Wyoming Inc.(6)
First lien senior secured loan
S+
1.75
%
04/2031
492
490
490
KKR Apple Bidco, LLC(5)
First lien senior secured loan
S+
2.50
%
09/2031
8,458
8,449
8,462
33,623
33,816
5.6
%
Total Misc.-debt commitments(9)
4,382
4,430
0.7
%
10
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2026
(Amounts in thousands)
Interest
Company(1)(3)(4)
Investment
Ref. Rate
Cash
Maturity Date
Par / Units
Amortized Cost(2)
Fair Value
Percentage of Members’ Equity(10)
Total Debt Investments
$
2,687,514
$
2,624,338
432.2
%
Total Investments
$
2,687,514
$
2,624,338
432.2
%
(1) Unless otherwise indicated, Blue Owl Credit SLF’s investments are pledged as collateral supporting the amounts outstanding under Blue Owl Credit SLF’s Debt Facilities.
(2) The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.
(3) Unless otherwise indicated, all investments are considered Level 2 investments.
(4) Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate (“SOFR” or “S”) (which can include one-, three-, six- or twelve-month SOFR), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(5) The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2026 was 3.65%.
(6) The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2026 was 3.73%.
(7) The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2026 was 3.84%.
(8) Level 3 investment.
(9) Position or portion thereof is an unfunded loan commitment. See below for more information on the Company’s unfunded commitments.
(10) Totals presented may differ than actuals due to rounding.
Unfunded Commitments as of June 30, 2026:
Unfunded
Portfolio Company
Commitment Type
Commitment Expiration Date
Funded Commitment
Commitment
Fair Value
Chicago US MidCo III, LP
First lien senior secured delayed draw term loan
10/12/2027
$
—
$
2,232
$
—
Citrin Cooperman Advisors LLC
First lien senior secured delayed draw term loan
12/10/2027
—
1,619
—
Cohnreznick Advisory LLC
First lien senior secured delayed draw term loan
3/31/2027
—
598
—
First Eagle Holdings, Inc.
First lien senior secured delayed draw term loan
6/6/2027
—
1,841
—
Kaman Corporation
First lien senior secured delayed draw term loan
1/30/2027
—
934
—
PINNACLE BUYER, LLC
First lien senior secured delayed draw term loan
3/12/2027
—
3,321
—
Mahseer Holdings LLC (dba PennAero)
First lien senior secured delayed draw term loan
2/6/2028
—
1,892
—
Prestige Brands, Inc.
First lien senior secured delayed draw term loan
6/13/2033
4,031
366
4,031
Pye-Barker Fire & Safety, LLC
First lien senior secured delayed draw term loan
12/31/2027
399
2,143
399
Raven Acquisition Holdings, LLC (dba R1 RCM)
First lien senior secured delayed draw term loan
10/24/2026
—
841
—
Savor Acquisition, Inc. (dba Sauer Brands)
First lien senior secured delayed draw term loan
2/4/2027
—
496
—
Signia Aerospace LLC
First lien senior secured delayed draw term loan
11/22/2026
—
433
—
Trilon Group, LLC
First lien senior secured delayed draw term loan
6/11/2028
—
1,003
—
Watlow Electric Manufacturing Company
First lien senior secured delayed draw term loan
6/17/2028
—
1,694
—
Total Portfolio Company Commitments
$
4,430
$
19,413
$
4,430
11
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of December 31, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4)
Investment
Ref. Rate
Cash
Maturity Date
Par / Units
Amortized Cost(2)
Fair Value
Percentage of Members’ Equity(10)
Debt Investments
Advertising and media
Outfront Media Capital LLC(5)
First lien senior secured loan
S +
2.00
%
09/2032
$
3,900
$
3,895
$
3,909
Project Boost Purchaser, LLC (dba J.D. Power)(6)
First lien senior secured loan
S +
2.75
%
07/2031
19,205
19,210
19,245
23,105
23,154
3.8
%
Aerospace and defense
Amentum Government Services Holdings LLC(5)
First lien senior secured loan
S +
2.00
%
09/2031
3,408
3,402
3,414
American Airlines, Inc.(6)
First lien senior secured loan
S +
1.75
%
01/2027
658
656
657
American Airlines, Inc.(6)
First lien senior secured loan
S +
2.25
%
02/2028
360
357
361
American Airlines, Inc.(6)
First lien senior secured loan
S +
3.25
%
05/2032
3,805
3,768
3,822
Arcline FM Holdings LLC(6)
First lien senior secured loan
S +
2.75
%
06/2030
8,321
8,320
8,344
Avolon TLB Borrower 1 (US) LLC(5)
First lien senior secured loan
S +
1.75
%
06/2030
11,315
11,311
11,375
Bleriot US Bidco Inc.(6)
First lien senior secured loan
S +
2.50
%
10/2030
21,844
21,844
21,945
Brown Group Holdings, LLC(5)
First lien senior secured loan
S +
2.50
%
07/2031
497
497
500
Brown Group Holdings, LLC(5)
First lien senior secured loan
S +
2.75
%
07/2031
9,983
9,983
10,028
Dynasty Acquisition Co., Inc. (dba StandardAero Limited)(5)
Waystar Technologies, Inc. (F/K/A Navicure, Inc.)(5)(8)
First lien senior secured loan
S +
2.00
%
10/2029
4,728
4,728
4,752
Zelis Cost Management Buyer, Inc.(5)
First lien senior secured loan
S +
3.25
%
11/2031
11,459
11,412
11,360
128,934
128,755
21.0
%
Household products
Energizer Holdings, Inc.(5)
First lien senior secured loan
S +
2.00
%
03/2032
890
888
890
Samsonite International S.A.(5)
First lien senior secured loan
S +
1.75
%
10/2032
2,980
2,965
2,989
3,853
3,879
0.6
%
Human resource support services
AQ Carver Buyer, Inc. (dba CoAdvantage)(6)
First lien senior secured loan
S +
5.50
%
08/2029
1,980
1,986
1,878
Dawn Bidco, LLC (dba Dayforce)(5)
First lien senior secured loan
S +
3.00
%
10/2032
21,518
21,464
21,441
iSolved, Inc.(5)
First lien senior secured loan
S +
2.75
%
10/2030
16,572
16,569
16,598
UKG Inc. (dba Ultimate Software)(6)
First lien senior secured loan
S +
2.50
%
02/2031
17,355
17,356
17,362
57,375
57,279
9.3
%
Infrastructure and environmental services
ASP Acuren Holdings, Inc.(5)
First lien senior secured loan
S +
2.75
%
07/2031
8,457
8,457
8,491
Clean Harbors Inc(5)
First lien senior secured loan
S +
1.50
%
09/2032
3,022
3,022
3,047
Geosyntec Consultants, Inc.(5)(8)
First lien senior secured loan
S +
3.00
%
07/2031
10,431
10,431
10,484
GFL Environmental Services Inc.(6)
First lien senior secured loan
S +
2.50
%
03/2032
5,512
5,510
5,529
27,420
27,551
4.5
%
Insurance
Acrisure, LLC(5)
First lien senior secured loan
S +
3.00
%
11/2030
7,924
7,924
7,909
Acrisure, LLC(5)
First lien senior secured loan
S +
3.25
%
06/2032
1,923
1,918
1,922
16
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of December 31, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4)
Investment
Ref. Rate
Cash
Maturity Date
Par / Units
Amortized Cost(2)
Fair Value
Percentage of Members’ Equity(10)
Alera Group, Inc.(5)
First lien senior secured loan
S +
3.25
%
05/2032
17,279
17,197
17,353
Alliant Holdings Intermediate LLC(5)
First lien senior secured loan
S +
2.50
%
09/2031
5,971
5,971
5,983
AmWINS Group, Inc.(5)
First lien senior secured loan
S +
2.25
%
01/2032
16,002
15,932
16,042
Ardonagh Midco 3 PLC(6)
First lien senior secured loan
S +
2.75
%
02/2031
11,071
11,042
11,036
Asurion, LLC(5)
First lien senior secured loan
S +
4.25
%
08/2028
7,712
7,690
7,722
Baldwin Insurance Group Holdings LLC (dba The Baldwin Group)(6)
First lien senior secured loan
S +
2.50
%
05/2031
6,857
6,823
6,835
Broadstreet Partners, Inc.(5)
First lien senior secured loan
S +
2.75
%
06/2031
10,890
10,890
10,922
CFC USA 2025 LLC (dba CFC Insurance)(6)
First lien senior secured loan
S +
3.75
%
07/2032
6,419
6,357
6,235
Hub International(6)
First lien senior secured loan
S +
2.25
%
06/2030
3,476
3,476
3,492
Hyperion Refinance S.à r.l (dba Howden Group)(5)
First lien senior secured loan
S +
2.75
%
04/2030
18,736
18,735
18,771
Hyperion Refinance S.à r.l (dba Howden Group)(5)
First lien senior secured loan
S +
2.75
%
02/2031
3,515
3,515
3,520
IMA Financial Group, Inc.(5)
First lien senior secured loan
S +
3.00
%
11/2028
8,383
8,362
8,397
Mitchell International, Inc.(5)
First lien senior secured loan
S +
3.25
%
06/2031
8,379
8,343
8,401
Ryan Specialty Group LLC(5)
First lien senior secured loan
S +
2.00
%
09/2031
745
749
745
Summit Acquisition Inc. (dba K2 Insurance Services)(5)(8)
First lien senior secured loan
S +
3.50
%
10/2031
3,737
3,737
3,756
The Liberty Company Insurance Brokers, LLC(6)(8)
First lien senior secured loan
S +
3.75
%
10/2032
4,437
4,415
4,448
Trucordia Insurance Holdings, LLC(5)(8)
First lien senior secured loan
S +
3.25
%
06/2032
24,938
24,877
24,750
Truist Insurance Holdings, LLC(6)
First lien senior secured loan
S +
2.75
%
05/2031
7,673
7,670
7,676
USI, Inc.(6)
First lien senior secured loan
S +
2.25
%
09/2030
1,012
1,012
1,014
176,635
176,929
28.8
%
Internet software and services
Avalara, Inc.(6)
First lien senior secured loan
S +
2.75
%
03/2032
14,118
14,119
14,169
Cloud Software Group, Inc.(6)
First lien senior secured loan
S +
3.25
%
03/2031
4,963
4,963
4,967
Cloud Software Group, Inc.(6)
First lien senior secured loan
S +
3.25
%
08/2032
8,784
8,784
8,789
Clover Holdings 2, LLC (dba Cohesity)(5)
First lien senior secured loan
S +
3.96
%
12/2031
19,545
19,344
19,527
Dayforce Inc(6)(8)
First lien senior secured loan
S +
2.00
%
03/2031
1,980
1,981
1,973
Delta TopCo, Inc. (dba Infoblox, Inc.)(5)
First lien senior secured loan
S +
2.75
%
11/2029
21,787
21,651
21,658
Epicor(5)
First lien senior secured loan
S +
2.50
%
05/2031
742
745
744
Gen Digital Inc(5)
First lien senior secured loan
S +
1.75
%
04/2032
3,308
3,292
3,310
Genesys Cloud Services, Inc.(5)
First lien senior secured loan
S +
2.50
%
01/2032
14,123
14,093
14,079
Javelin Buyer, Inc. (dba JAGGAER)(6)
First lien senior secured loan
S +
2.75
%
12/2031
2,729
2,729
2,736
KnowBe4, Inc.(6)
First lien senior secured loan
S +
3.75
%
07/2032
15,707
15,696
15,698
McAfee Corp.(5)
First lien senior secured loan
S +
3.00
%
03/2029
4,245
4,227
3,904
Project Alpha Intermediate Holding, Inc. (dba Qlik)(6)
First lien senior secured loan
S +
3.25
%
10/2030
7,089
7,072
7,073
Proofpoint, Inc.(6)
First lien senior secured loan
S +
3.00
%
08/2028
20,703
20,606
20,790
Quartz Acquireco, LLC (dba Qualtrics)(6)(8)
First lien senior secured loan
S +
2.25
%
06/2030
495
494
494
Sedgwick Claims Management Services, Inc.(5)
First lien senior secured loan
S +
2.50
%
07/2031
21,727
21,720
21,790
SONICWALL US Holdings, Inc.(6)
First lien senior secured loan
S +
5.00
%
05/2028
2,972
2,956
1,899
Sophos Holdings, LLC(5)
First lien senior secured loan
S +
3.50
%
03/2027
11,823
11,811
11,821
SS&C(5)
First lien senior secured loan
S +
2.00
%
05/2031
8,024
8,033
8,068
Starlight Parent, LLC (dba SolarWinds)(6)
First lien senior secured loan
S +
4.00
%
04/2032
9,297
9,039
9,274
Storable, Inc.(5)
First lien senior secured loan
S +
3.25
%
04/2031
11,584
11,581
11,628
UST Holdings, Ltd.(5)(8)
First lien senior secured loan
S +
3.00
%
11/2028
5,928
5,938
5,943
VERDE PURCHASER LLC (dba Veritiv Corp)(6)
First lien senior secured loan
S +
4.00
%
11/2030
10,546
10,528
10,535
Vertiv Group Corp.(5)
First lien senior secured loan
S +
1.75
%
08/2032
3,990
3,990
4,007
VIAVI SOLUTIONS INC(6)(8)
First lien senior secured loan
S +
2.50
%
10/2032
6,306
6,292
6,338
17
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of December 31, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4)
Investment
Ref. Rate
Cash
Maturity Date
Par / Units
Amortized Cost(2)
Fair Value
Percentage of Members’ Equity(10)
VIRTUSA CORPORATION(5)
First lien senior secured loan
S +
3.25
%
02/2029
2,372
2,380
2,376
VS Buyer LLC (dba Veeam Software)(6)
First lien senior secured loan
S +
2.25
%
04/2031
12,162
12,096
12,192
246,160
245,782
40.0
%
Investment funds and vehicles
Chicago US MidCo III, LP(5)(8)
First lien senior secured loan
S +
2.50
%
11/2032
15,032
14,995
15,069
Grosvenor(5)
First lien senior secured loan
S +
2.25
%
02/2030
545
547
547
15,542
15,616
2.5
%
Leisure and entertainment
Cedar Fair, L.P. (dba Six Flags Entertainment Corp)(5)
First lien senior secured loan
S +
2.00
%
05/2031
4,723
4,691
4,663
Delta 2 (Lux) SARL (dba Formula One)(6)
First lien senior secured loan
S +
1.75
%
09/2031
2,000
2,008
2,005
GBT US III LLC (dba Global Business Travel Group, Inc.)(6)
First lien senior secured loan
S +
2.50
%
07/2031
4,714
4,684
4,726
Live Nation Entertainment, Inc.(5)
First lien senior secured loan
S +
2.00
%
10/2032
11,490
11,434
11,490
WMG Acquisition Corp(6)
First lien senior secured loan
S +
1.75
%
01/2031
1,000
1,002
1,002
23,819
23,886
3.9
%
Manufacturing
ALLIANCE LAUNDRY SYSTEMS LLC(6)
First lien senior secured loan
S +
2.25
%
08/2031
7,105
7,105
7,132
Altar Bidco, Inc.(5)
First lien senior secured loan
S +
3.10
%
02/2029
6,352
6,260
6,276
Chariot Buyer LLC (dba Chamberlain Group)(5)
First lien senior secured loan
S +
2.75
%
09/2032
12,213
12,215
12,231
Columbus McKinnon Corp.(6)(8)
First lien senior secured loan
S +
2.50
%
05/2028
963
965
963
DXP Enterprises, Inc.(5)
First lien senior secured loan
S +
3.25
%
10/2030
10,671
10,671
10,749
EMRLD Borrower LP (dba Emerson)(6)
First lien senior secured loan
S +
2.25
%
05/2030
11,455
11,456
11,478
Engineered Machinery Holdings, Inc. (dba Duravant)(6)
First lien senior secured loan
S +
3.25
%
11/2032
22,666
22,607
22,790
Filtration Group Corporation(5)
First lien senior secured loan
S +
2.75
%
10/2028
10,449
10,449
10,497
Gates Global LLC(5)
First lien senior secured loan
S +
1.75
%
11/2029
812
809
813
Gloves Buyer, Inc. (dba Protective Industrial Products)(5)
First lien senior secured loan
S +
4.00
%
05/2032
11,661
11,606
11,587
Legence Holdings LLC(5)
First lien senior secured loan
S +
2.25
%
12/2031
6,716
6,719
6,755
MADISON IAQ LLC(7)
First lien senior secured loan
S +
2.50
%
06/2028
807
807
811
MADISON IAQ LLC(6)
First lien senior secured loan
S +
2.75
%
11/2032
22,537
22,537
22,661
Pro Mach Group, Inc.(5)
First lien senior secured loan
S +
2.75
%
10/2032
19,965
19,915
20,085
SPECTRIS(6)
First lien senior secured loan
S +
2.75
%
09/2032
13,265
13,233
13,315
Watlow Electric Manufacturing Company(6)
First lien senior secured loan
S +
3.00
%
03/2028
2,969
2,979
2,985
160,333
161,128
26.2
%
Pharmaceuticals
Amneal Pharmaceuticals LLC(5)
First lien senior secured loan
S +
3.50
%
08/2032
15,306
15,269
15,420
Elanco Animal Health Incorporated(5)
First lien senior secured loan
S +
1.75
%
10/2032
6,509
6,461
6,516
Fortrea Holdings Inc.(5)(8)
First lien senior secured loan
S +
3.75
%
07/2030
1,000
982
963
Opal US LLC(6)
First lien senior secured loan
S +
3.00
%
04/2032
16,734
16,668
16,822
39,380
39,721
6.5
%
Professional services
AlixPartners, LLP(5)
First lien senior secured loan
S +
2.00
%
08/2032
8,514
8,497
8,524
Apex Group Treasury LLC(6)
First lien senior secured loan
S +
3.50
%
02/2032
22,536
22,375
21,148
API GROUP DE INC(5)
First lien senior secured loan
S +
1.75
%
01/2029
2,840
2,840
2,849
Camelot U.S. Acquisition 1 Co.(5)
First lien senior secured loan
S +
2.75
%
01/2031
2,000
2,006
1,971
Clearwater Analytics, LLC(7)
First lien senior secured loan
S +
2.00
%
04/2032
4,109
4,109
4,101
Corporation Service Company(5)
First lien senior secured loan
S +
2.00
%
11/2029
5,021
5,021
5,017
Element Materials Technology(6)
First lien senior secured loan
S +
3.67
%
06/2029
2,280
2,289
2,294
Element Solutions, Inc.(6)
First lien senior secured loan
S +
1.75
%
12/2030
2,449
2,446
2,461
First Advantage Holdings LLC(5)
First lien senior secured loan
S +
2.75
%
10/2031
4,653
4,652
4,599
18
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of December 31, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4)
Investment
Ref. Rate
Cash
Maturity Date
Par / Units
Amortized Cost(2)
Fair Value
Percentage of Members’ Equity(10)
Red Ventures, LLC(5)
First lien senior secured loan
S +
2.75
%
03/2030
260
262
249
Skopima Merger Sub Inc.(5)
First lien senior secured loan
S +
3.75
%
05/2028
4,796
4,796
4,362
Vistage International, Inc.(6)(8)
First lien senior secured loan
S +
3.75
%
07/2029
9,797
9,797
9,748
69,090
67,323
11.0
%
Telecommunications
Charter Communications Operating LLC(6)
First lien senior secured loan
S +
2.25
%
12/2031
7,920
7,903
7,925
Cogeco Communications (USA) II L.P.(5)
First lien senior secured loan
S +
2.50
%
09/2028
1,304
1,299
1,253
Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6)
First lien senior secured loan
S +
3.00
%
11/2027
10,688
10,653
10,112
Virgin Media Bristol LLC(7)
First lien senior secured loan
S +
3.18
%
03/2031
5,018
4,970
4,965
24,825
24,255
3.9
%
Transportation
AIT Worldwide Logistics Holdings, Inc.(6)
First lien senior secured loan
S +
4.00
%
04/2030
7,920
7,920
7,956
Echo Global Logistics, Inc.(5)
First lien senior secured loan
S +
3.75
%
11/2028
1,677
1,663
1,648
First Student Bidco Inc(6)
First lien senior secured loan
S +
2.50
%
08/2030
4,271
4,266
4,282
Genesee & Wyoming Inc.(6)
First lien senior secured loan
S +
1.75
%
04/2031
495
492
495
KKR Apple Bidco, LLC(5)
First lien senior secured loan
S +
2.50
%
09/2031
7,985
7,967
8,024
NA Rail Hold Co. LLC(6)
First lien senior secured loan
S +
3.00
%
03/2032
3,618
3,610
3,642
25,918
26,047
4.2
%
Total Misc.-debt commitments(9)
—
69
99
—
%
Total Debt Investments
$
2,350,698
$
2,343,367
381.6
%
Total Investments
$
2,350,698
$
2,343,367
381.6
%
(1) Unless otherwise indicated, Blue Owl Credit SLF’s investments are pledged as collateral supporting the amounts outstanding under Blue Owl Credit SLF’s Debt Facilities.
(2) The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.
(3) Unless otherwise indicated, all investments are considered Level 2 investments.
(4) Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate (“SOFR” or “S”) (which can include one-, three-, six- or twelve-month SOFR), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(5) The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2025 was 3.69%.
(6) The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2025 was 3.65%.
(7) The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2025 was 3.57%
(8) Level 3 investment.
(9) Position or portion thereof is an unfunded loan commitment. See below for more information on the Company’s unfunded commitments.
(10) Totals presented may differ than actuals due to rounding.
19
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of December 31, 2025
(Amounts in thousands)
Unfunded Commitments as of December 31, 2025:
Unfunded
Portfolio Company
Commitment Type
Commitment Expiration Date
Funded Commitment
Commitment
Fair Value
Chicago US Midco III LP
First lien senior secured delayed draw term loan
10/2027
$
—
$
2,232
$
—
Citrin Cooperman Advisors LLC
First lien senior secured delayed draw term loan
12/2027
—
1,619
—
Cohnreznick Advisory LLC
First lien senior secured delayed draw term loan
03/2027
—
1,010
—
First Eagle Holdings, Inc.
First lien senior secured delayed draw term loan
06/2027
—
1,561
—
Kaman Corporation
First lien senior secured delayed draw term loan
01/2027
99
933
99
PINNACLE BUYER, LLC
First lien senior secured delayed draw term loan
03/2027
—
3,321
—
Pye-Barker Fire & Safety, LLC
First lien senior secured delayed draw term loan
12/2027
—
2,542
—
Raven Acquisition Holdings, LLC (dba R1 RCM)
First lien senior secured delayed draw term loan
10/2026
—
510
—
Savor Acquisition, Inc. (dba Sauer Brands)
First lien senior secured delayed draw term loan
02/2027
—
496
—
Total Portfolio Company Commitments
$
99
$
14,824
$
99
20
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Notes to the consolidated financial information
Organization and Principal Business
Blue Owl Credit SLF LLC (“Credit SLF” or the “Company”), a Delaware limited liability company, is a joint venture among Blue Owl Capital Corporation (“OBDC”), Blue Owl Capital Corporation II, Blue Owl Credit Income Corp., Blue Owl Technology Finance Corp. (“OTF”), Blue Owl Technology Income Corp. and State Teachers Retirement System of Ohio (collectively, the “Class A Members”). Credit SLF has no Class B Members as of June 30, 2026. The Company’s principal purpose is to make investments primarily in senior secured loans to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. The Company is managed by a board of directors comprised of an equal number of directors appointed by each Member and which acts unanimously. Except under certain circumstances, contributions to the Company cannot be redeemed. Investment decisions must be approved by the Company’s board of directors. The Credit SLF Members coinvest through Credit SLF, or its wholly owned subsidiaries. The Company’s date of inception was May 6, 2024, and the Company made its first portfolio company investment on July 23, 2024.
Prior to January 13, 2025, Blue Owl Capital Corporation III (“OBDE”) was a Class A Member. On January 13, 2025, OBDE merged with and into OBDC with OBDC surviving (the “OBDE Merger”). At the effective time of the OBDE Merger, OBDE’s commitments to and interests in the Company became OBDC’s. Prior to March 24, 2025, Blue Owl Technology Finance Corp. II (“OTF II”) was a Class A Member. On March 24, 2025, OTF II merged with and into OTF with OTF surviving (the “OTF II Merger”). At the effective time of the OTF II Merger, OTF II’s commitments to and interest in the Company became OTF’s.
Investment Portfolio Detail
The table below presents the composition of investments at fair value and amortized cost as of June 30, 2026 and December 31, 2025, respectively:
June 30, 2026
December 31, 2025
($ in thousands)
Amortized Cost
Fair Value
Amortized Cost
Fair Value
First-lien senior secured debt investments
$
2,687,514
$
2,624,338
$
2,350,698
$
2,343,367
Total Investments
$
2,687,514
$
2,624,338
$
2,350,698
$
2,343,367
21
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
The table below presents the industry composition of investments based on fair value as of June 30, 2026 and December 31, 2025, respectively:
June 30, 2026
December 31, 2025
Advertising and media
1.9
%
1.0
%
Aerospace and defense
6.0
5.3
Automotive services
1.0
0.8
Buildings and real estate
3.2
2.2
Business services
7.9
9.4
Chemicals
2.7
2.6
Consumer products
1.4
1.4
Containers and packaging
5.0
4.9
Distribution
3.0
3.4
Education
0.4
1.2
Energy equipment and services
1.5
1.7
Financial services
8.3
8.2
Food and beverage
6.5
6.0
Healthcare equipment and services
4.0
4.0
Healthcare providers and services
5.2
5.3
Healthcare technology
5.0
5.5
Household products
0.2
0.2
Human resource support services
2.1
2.4
Industrial
0.3
—
Infrastructure and environmental services
2.3
1.2
Insurance
6.6
7.6
Internet software and services
8.3
10.4
Investment funds and vehicle
1.0
0.7
Leisure and entertainment
1.6
1.0
Manufacturing
7.5
6.9
Pharmaceuticals
1.9
1.7
Professional services
2.9
2.9
Specialty retail
0.2
—
Telecommunications
0.8
1.0
Transportation
1.3
1.1
Total
100.0
%
100.0
%
22
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
The table below presents the geographic composition of investments based on fair value as of June 30, 2026 and December 31, 2025, respectively:
June 30, 2026
December 31, 2025
United States:
Midwest
24.4
%
24.6
%
Northeast
20.3
17.4
South
27.2
28.4
West
14.2
15.9
International
13.9
13.7
Total
100.0
%
100.0
%
The table below presents the fair value hierarchy of investments as of June 30, 2026 and December 31, 2025 respectively:
Fair Value Hierarchy as of June 30, 2026
($ in thousands)
Level 1
Level 2
Level 3
Total
First-lien senior secured debt investments
$
—
$
2,357,454
$
266,884
$
2,624,338
Total Investments
$
—
$
2,357,454
$
266,884
$
2,624,338
Fair Value Hierarchy as of December 31, 2025
($ in thousands)
Level 1
Level 2
Level 3
Total
First-lien senior secured debt investments
$
—
$
2,065,767
$
277,600
$
2,343,367
Total Investments
$
—
$
2,065,767
$
277,600
$
2,343,367
Debt Activity
Bank of America Facility
On June 12, 2024, the Company’s subsidiary, WISE CLO 2025-1 LTD. (fka BOC SLF WH I BA LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a $300.0 million revolving credit facility (the “Bank of America Facility”) with, among others, Bank of America, N.A., as lender and administrative agent. The Company acts as the collateral manager and the first loss provider with respect to the Bank of America Facility. Proceeds from the Bank of America Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Bank of America Facility is June 12, 2027. On March 6, 2025, a portion of the proceeds from the WISE CLO 2025-1 Transaction (as defined below) were used to repay certain amounts outstanding under the Bank of America Facility and WISE CLO 2025-1 LTD. was released from the Bank of America Facility.
On January 22, 2025, the Company’s subsidiary, WISE CLO 2026-1 LTD. (fka BOC SLF BA-2 LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as co-borrower to the Bank of America Facility. The Company holds preference shares in WISE CLO 2026-1 LTD. On January 22, 2025, in connection with the WISE CLO 2025-1 Transaction, certain of the assets held by WISE CLO 2025-1 LTD. were transferred via a master participation agreement to WISE CLO 2026-1 LTD.
On June 14, 2026, the Company’s subsidiary, BOC SLF BA-3 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined a $150 million revolving credit facility as co-borrower to the Bank of America Facility. The Company holds preferences shares in BOC SLF BA-3 LTD. As of June 30, 2026, there was $5.4 million outstanding under the Bank of America Facility.
Borrowings under the Bank of America Facility bear interest at a per annum rate equal to (a) with respect to any Term SOFR Loan, SOFR + 1.45% and (b) with respect to any Base Rate Loan, Base Rate + 1.45%. Credit SLF predominantly borrows utilizing Term SOFR loans. Credit SLF also pays unused commitment fees of (i) prior to the six-month anniversary of such date, 0.35% and (ii) thereafter, (x) with respect to the First Unused Amount, 1.10% and (y) with respect to the Second Unused Amount, 0.35%. There was $0.0 million of unused commitment fees for the period ended June 30, 2026.
RBC Facility
23
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
On June 5, 2024, the Company’s subsidiary, WISE CLO 2025-3 LTD. (fka BOC SLF WH II RB LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, as borrower, joined a $300.0 million revolving credit facility (the “RBC Facility”) with, among others, Royal Bank of Canada, as lender and administrative agent, and U.S. Bank Trust Company, National Association, as collateral custodian. The Company acts as the collateral manager and the first loss provider with respect to the RBC Facility. Proceeds from the RBC Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the RBC Facility is October 14, 2032. On July 24, 2025, a portion of the proceeds from the WISE CLO 2025-3 Transaction (as defined below) were used to repay certain amounts outstanding under the RBC Facility and WISE CLO 2025-3 LTD. was released from the RBC Facility.
On June 16, 2025, the Company’s subsidiary, BOC SLF RB-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as replacement borrower to the RBC Facility. The Company holds preference shares in BOC SLF RB-2 LTD. On June 16, 2025, in connection with the WISE CLO 2025-3 Transaction, certain of the assets held by WISE CLO 2025-3 LTD. were transferred via a master participation agreement to BOC SLF RB-2 LTD. As of June 30, 2026, there was $135.7 million outstanding under the RBC Facility.
Borrowings under the RBC Facility bear interest at a per annum rate equal to SOFR +1.55%.
Citibank Facility
On June 28, 2024, the Company’s subsidiary, WISE CLO 2025-4 LTD. (fka BOC SLF WH III C LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a revolving credit facility (the “Citibank Facility”) with, among others, Citibank, N.A., as lender and administrative agent. The commitment of the Citibank Facility is up to $300.0 million, and was $215.0 million as of December 31, 2024 and $100.0 million as of December 31, 2025, respectively. As of June 30, 2026, the commitment was $110.0 million. The Company acts as the collateral manager and the first loss provider with respect to the Citibank Facility. Proceeds from the Citibank Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Citibank Facility is June 28, 2027. On September 4, 2025, a portion of the proceeds from the WISE CLO 2025-4 Transaction (as defined below) were used to repay certain amounts outstanding under the Citibank Facility and WISE CLO 2025-4 LTD. was released from the Citibank Facility.
On July 23, 2025, the Company’s subsidiary, BOC SLF C-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as co-borrower to the Citibank Facility. The Company holds preference shares in BOC SLF C-2 LTD. On September 4, 2025, in connection with the WISE CLO 2025-4 Transaction, certain of the assets held by WISE CLO 2025-4 LTD. were transferred via a master participation agreement to BOC SLF C-2 Ltd. As of June 30, 2026, there was $104.1 million outstanding under the Citibank Facility.
Borrowings under the Citibank Facility bear interest at a per annum rate equal to (i) during the Reinvestment Period (as defined in Citibank Facility), SOFR + 1.40% and (ii) after the end of the Reinvestment Period, 1.90%.
Wells Fargo Facility
On August 1, 2024, the Company’s subsidiary, WISE CLO 2025-2 LTD. (fka BOC SLF WH 4 LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined a $300.0 million revolving credit facility (the “Wells Fargo Facility”) originally with, among others, and Wells Fargo Bank, National Association, as a lender and administrative agent. The Company acts as the collateral manager and the first loss provider with respect to the Wells Fargo Facility. Proceeds from the Wells Fargo Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Wells Fargo Facility is August 1, 2027. On March 31, 2025, a portion of the proceeds from the WISE CLO 2025-2 Transaction (as defined below) were used to repay certain amounts outstanding under the Wells Fargo Facility and WISE CLO 2025-2 LTD. was released from the Wells Fargo Facility.
On March 12, 2025, the Company’s subsidiary, BOC SLF WF-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined a $200 million revolving credit facility as co-borrower to the Wells Fargo Facility. The Company holds preference shares in BOC SLF WF-2 LTD. On March 19, 2025, in connection with the WISE CLO 2025-2 Transaction, certain of the assets held by WISE CLO 2025-2 LTD. were transferred via a master participation agreement to BOC SLF WF-2 LTD. As of June 30, 2026, there was $174.4 million outstanding under the Wells Fargo Facility.
Borrowings under the Wells Fargo Facility bear interest at a per annum rate equal to Daily Simple SOFR + 1.50%. The Wells Fargo Facility also has an unused commitment fee which accrues at 0.375% of unused facility amount after the six-month anniversary of the most recent securitization. There was $0.3 million of unused commitment fee as of June 30, 2026.
24
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Mizuho Bank Facility
On November 14, 2025, the Company’s subsidiary, BOC SLF Z LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a $240.0 million revolving credit facility (the “Mizuho Bank Facility”) with, among others, and Mizuho Bank Ltd., as lender and administrative agent. The Company acts as the collateral manager and the first loss provider with respect to the Mizuho Bank Facility. It holds preference shares in BOC SLF Z LTD. Proceeds from the Mizuho Bank Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Mizuho Bank Facility is November 14, 2027. As of June 30, 2026, there was $64.2 million outstanding under the Mizuho Bank Facility.
Borrowings under the Mizuho Bank Facility bear interest at a per annum rate equal to SOFR + (i) from the Facility Closing Date to and including May 14, 2026, 1.05% and (ii) thereafter, 1.10%; provided that on and after the Revolving Period End Date, the Applicable Margin shall increase to 2.00%; provided further, that upon the occurrence of Event of Default, the Applicable Margin shall increase 2.00%.
WISE CLO 2025-1
On June 12, 2024, the Company’s subsidiary, WISE CLO 2025-1 LTD. (fka, BOC SLF WH I BA LTD.) was incorporated as a company under the laws of the Cayman Islands. On March 6, 2025, WISE CLO 2025-1 LTD., as issuer, and WISE CLO 2025-1, LLC, as co-issuer, closed a CLO transaction (the “WISE CLO 2025-1 Transaction”) using the financial assets previously acquired by WISE CLO 2025-1 LTD as the collateral underpinning the transaction and issued $240.0 million of Class A Notes, $42.0 million of Class B-1 Notes, $10.0 million of Class B-2 Notes, $28.0 million of Class C Notes, and $92.0 million of Subordinated Notes pursuant to an Indenture dated March 6, 2025 among WISE CLO 2025-1 LTD., as issuer, WISE CLO 2025-1, LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2025-1 Transaction have a stated maturity of January 20, 2038.
WISE CLO 2025-2
On August 1, 2024, the Company’s subsidiary, WISE CLO 2025-2 LTD (fka “BOC SLF WH 4 WF LTD.”) was incorporated as a company under the laws of the Cayman Islands. On March 31, 2025, WISE CLO 2025-2 LTD., as issuer, and WISE CLO 2025-2, LLC, as co-issuer, closed a CLO transaction (the “WISE CLO 2025-2 Transaction”) using the financial assets previously acquired by WISE CLO 2025-2 LTD as the collateral underpinning the transaction and issued $236.0 million of Class A Notes, $56.0 million of Class B Notes, $28.0 million of Class C Notes, and $92.0 million of Subordinated Notes pursuant to an Indenture dated March 31, 2025 among WISE CLO 2025-2 LTD., as issuer, WISE CLO 2025-2, LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2025-2 Transaction have a stated maturity of April 20, 2038.
WISE CLO 2025-3
On June 5, 2024, the Company’s subsidiary, WISE CLO 2025-3 LTD (fka “BOC SLF WH II RB LTD.”) was incorporated as a company under the laws of the Cayman Islands. On July 24, 2025, WISE CLO 2025-3 LTD., as issuer, and WISE CLO 2025-3, LLC, as co-issuer, closed a CLO transaction (the “WISE CLO 2025-3 Transaction”) using the financial assets previously acquired by WISE CLO 2025-3 LTD as the collateral underpinning the transaction and issued $115.0 million of Class A Notes, $125.0 million of Class A Loans, $37.0 million of Class B-1 Notes, $15.0 million in Class B-2 Notes, $26.0 million of Class C Notes, and $90.5 million of Subordinated Notes pursuant to an Indenture dated July 24, 2025 among WISE CLO 2025-3 LTD., as issuer, WISE CLO 2025-3, LLC, as co-issuer, and US Bank Trust Company, National Association, as collateral trustee. The notes issued as part of the WISE CLO 2025-3 Transaction have a stated maturity of July 20, 2038.
WISE CLO 2025-4
On June 28, 2024, the Company’s subsidiary, WISE CLO 2025-4 LTD (fka “BOC SLF WH III C LTD.”) was incorporated as a company under the laws of the Cayman Islands. On September 4, 2025, WISE CLO 2025-4 LTD., as issuer, and WISE CLO 2025-4, LLC, as co-issuer, closed a CLO transaction (the “WISE CLO 2025-4 Transaction”) using the financial assets previously acquired by WISE CLO 2025-4 LTD as the collateral underpinning the transaction and issued $240.0 million of Class A Notes, $37.0 million of Class B-1 Notes, $15.0 million in Class B-2 Notes, $26.0 million of Class C Notes, and $91.8 million of Subordinated Notes pursuant to an Indenture dated September 4, 2025 among WISE CLO 2025-4 LTD., as issuer, WISE CLO 2025-4, LLC, as co-issuer, and US Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2025-4 Transaction have a stated maturity of September 20, 2038.
25
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
WISE CLO 2026-1
On June 26, 2026, the Company’s subsidiary, WISE CLO 2026-1 LTD (fka BOC SLF BA-2 LTD.) was incorporated as a company under the laws of the Cayman Islands. On June 26, 2026, WISE CLO 2026-1 LTD., as issuer, and WISE CLO 2026-1, LLC, as co-issuer, closed a CLO transaction (the “WISE CLO 2026-1 Transaction”) using the financial assets previously acquired by WISE CLO 2026-1 LTD as the collateral underpinning the transaction and issued $240.0 million of Class A Notes, $44.5 million of Class B-1 Notes, $7.5 million of Class B-2 Notes, $28.0 million of Class C Notes, and $89.8 million of Subordinated Notes pursuant to an Indenture dated June 26, 2026 among WISE CLO 2026-1 LTD., as issuer, WISE CLO 2026-1, LLC as co-issuer, and US Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2026-1 Transaction have a stated maturity of July 20, 2039.
Financial Instruments Not Carried at Fair Value
The fair value of the Company’s debt, which is categorized as Level 3 within the fair value hierarchy as of June 30, 2026, approximates the carrying value. The carrying amounts of the Company’s assets and liabilities, other than investments at fair value, approximate fair value due to their short maturities.
The table below presents the net carrying value of the Company’s debt obligations as of June 30, 2026 and December 31, 2025 respectively:
June 30, 2026
($ in thousands)
Aggregate Principal Committed
Outstanding Principal
Amount Available(1)
Unamortized Debt Issuance Costs
Net Carrying Value
WISE CLO 2025-1 LTD.
$
320,000
$
320,000
$
—
$
1,919
$
318,081
WISE CLO 2025-2 LTD.
319,160
319,160
—
1,696
317,464
WISE CLO 2025-3 LTD.
318,000
318,000
—
1,771
316,229
WISE CLO 2025-4 LTD.
317,935
317,935
—
1,586
316,349
WISE CLO 2026-1 LTD.
319,616
319,616
—
1,589
318,027
Bank of America Facility
150,000
5,427
48,450
174
5,253
RBC Facility
300,000
135,727
26,046
300
135,427
Citibank Facility
110,000
104,102
1,280
137
103,965
Wells Fargo Facility
200,000
174,413
48,632
172
174,241
Mizuho Facility
240,000
64,160
4,058
—
64,160
Total Debt
$
2,594,711
$
2,078,540
$
128,465
$
9,344
$
2,069,196
(1) The amount available reflects any collateral related limitations at the Company level related to each credit facility’s borrowing base.
December 31, 2025
($ in thousands)
Aggregate Principal Committed
Outstanding Principal
Amount Available(1)
Unamortized Debt Issuance Costs
Net Carrying Value
WISE CLO 2025-1 LTD.
$
320,000
$
320,000
$
—
$
2,001
$
317,999
WISE CLO 2025-2 LTD.
319,160
319,160
—
1,767
317,393
WISE CLO 2025-3 LTD.
318,000
318,000
—
1,844
316,156
WISE CLO 2025-4 LTD.
317,935
317,935
—
1,806
316,129
Bank of America Facility
300,000
141,765
29,368
265
141,500
RBC Facility
300,000
93,117
16,015
324
92,793
Citibank Facility
100,000
84,790
15,210
206
84,584
Wells Fargo Facility
300,000
137,819
26,421
250
137,569
Mizuho Facility
240,000
4,240
14,850
—
4,240
Total Debt
$
2,515,095
$
1,736,826
$
101,864
$
8,463
$
1,728,363
(1) The amount available reflects any collateral related limitations at the Company level related to each credit facility’s borrowing base.
26
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
The table below presents the components of interest expense for the following periods: