Oaktree Specialty Lending posted GAAP net investment income of $32.5 million, down 5.52% from the prior quarter; earnings per share were $0.35.
Total investment income slipped 1.35% to $69.4 million, while net realized and unrealized losses narrowed to $1.58 million from $53.25 million.
NAV edged up to $15.70 per share from $15.69, while total debt to equity eased to 1.05x from 1.08x.
New investment commitments totaled $206.4 million, while proceeds from prepayments, exits, paydowns and sales reached $262.8 million; weighted average yield on new debt was 10%.
Armen Panossian cited progress reducing non-accruals, with non-accrual investments falling to $47 million at fair value from $69.47 million.
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