Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

August 6, 2025

Documents











Blue Owl Credit SLF LLC

Supplemental Financial Information (Unaudited) as of and for the period ended June 30, 2025
























Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)

Consolidated Statement of Assets and Liabilities
(Amounts in thousands)

June 30, 2025
December 31, 2024 (1)
Assets
Investments at fair value (amortized cost of $1,793,822 and $1,162,056, respectively) $ 1,790,366  $ 1,164,473 
Cash 118,041  17,354 
Due from investors —  24 
Receivable due on investments sold 26,106  11,365 
Interest receivable 5,224  3,151 
Total Assets $ 1,939,737  $ 1,196,367 
Liabilities
Debt (net of unamortized debt issuance costs of $5,235 and $1,572, respectively) $ 1,285,621  $ 750,610 
Payable for investments purchased 133,640  85,750 
Interest payable 14,412  4,190 
Distribution payable 12,084  6,451 
Accrued expenses and other liabilities 1,031  555 
Total Liabilities 1,446,788  847,556 
Commitments and contingencies
Members’ Equity
Total Members’ Equity - Class A 492,949  348,811 
Total Members’ Equity - Class B —  — 
Total Members' Equity 492,949  348,811 
Total Liabilities and Members’ Equity $ 1,939,737  $ 1,196,367 

(1) The Company’s date of inception was May 6, 2024.

1
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Statement of Operations
(Amounts in thousands)

For the Three Months Ended June 30, 2025 For the Six Months Ended June 30, 2025
Investment Income
Investment Income $ 31,420  $ 55,117 
Total investment income 31,420  55,117 
Operating Expenses
Interest expense 17,917  30,966 
Professional fees 565  1,173 
Total Operating Expenses 18,482  32,139 
Net Investment Income $ 12,938  $ 22,978 
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss) on investments 10,207  (5,874)
Net realized gain (loss) on investments (888) (911)
Total Net Realized and Change in Unrealized Gain (Loss) on Investments 9,319  (6,785)
Net Increase in Members' Equity Resulting from Operations $ 22,257  $ 16,193 
Total Net Increase in Members’ Equity Resulting from Operations - Class A $ 22,257  $ 16,193 

.
2
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2025
(Amounts in thousands)


Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Debt Investments
Advertising and media
Project Boost Purchaser, LLC (dba J.D. Power)(6) First lien senior secured loan  S+ 3.00% 07/2031 $ 5,982  $ 5,910  $ 5,990 
5,910  5,990  1.2  %
Aerospace and defense
Amentum Government Services Holdings LLC(5) First lien senior secured loan S+ 2.25% 09/2031 4,035  4,027  4,025 
American Airlines, Inc.(7) First lien senior secured loan S+ 1.75% 01/2027 658  655  651 
American Airlines, Inc.(7) First lien senior secured loan S+ 2.25% 02/2028 1,485  1,478  1,469 
American Airlines, Inc.(6) First lien senior secured loan S+ 3.25% 05/2032 3,824  3,786  3,845 
Arcline FM Holdings LLC(6) First lien senior secured loan S+ 3.50% 06/2030 5,890  5,875  5,913 
Avolon TLB Borrower 1 (US) LLC(5) First lien senior secured loan S+ 1.75% 06/2030 11,372  11,365  11,377 
Bleriot US Bidco Inc.(6) First lien senior secured loan S+ 2.75% 10/2030 23,820  23,821  23,865 
Brown Group Holdings, LLC(5) First lien senior secured loan S+ 2.50% 07/2031 9,041  9,016  9,050 
Dynasty Acquisition Co., Inc. (dba StandardAero Limited)(5) First lien senior secured loan S+ 2.00% 10/2031 10,448  10,440  10,449 
Kaman Corporation(6) First lien senior secured loan S+ 2.75% 02/2032 10,941  10,931  10,924 
KBR, Inc(5) First lien senior secured loan S+ 2.00% 01/2031 996  997  997 
Signia Aerospace LLC(6)(8) First lien senior secured loan S+ 3.00% 12/2031 11,970  11,876  12,000 
Transdigm Inc.(6) First lien senior secured loan S+ 2.75% 08/2028 497  498  499 
Transdigm Inc.(6) First lien senior secured loan S+ 2.50% 01/2032 9,926  9,905  9,938 
United Airlines, Inc.(6) First lien senior secured loan S+ 2.00% 02/2031 995  996  995 
105,666  105,997  21.3  %
Automotive services
Belron Finance US LLC(6) First lien senior secured loan S+ 2.75% 10/2031 7,940  7,924  7,968 
Holley Inc.(5) First lien senior secured loan S+ 3.75% 11/2028 1,128  1,108  1,043 
Mavis Tire Express Services Topco Corp.(6) First lien senior secured loan S+ 3.00% 05/2028 2,859  2,859  2,856 
Mister Car Wash Holdings, Inc.(5) First lien senior secured loan S+ 2.50% 03/2031 727  728  728 
VALVOLINE INC(6) First lien senior secured loan S+ 2.00% 03/2032 3,419  3,402  3,428 
Wand Newco 3, Inc. (dba Caliber )(5) First lien senior secured loan S+ 2.50% 01/2031 4,812  4,812  4,788 
20,833  20,811  4.2  %
Buildings and real estate
American Residential Services, LLC(6) First lien senior secured loan S+ 3.25% 02/2032 4,942  4,935  4,949 
ARCOSA INC(5) First lien senior secured loan S+ 2.00% 08/2031 2,985  2,985  2,991 
Beacon Roofing Supply, Inc. (dba QXO)(6) First lien senior secured loan S+ 3.00% 04/2032 3,360  3,327  3,380 
Construction Partners, Inc.(5) First lien senior secured loan S+ 2.50% 11/2031 1,990  1,986  1,995 
CPG International LLC(5) First lien senior secured loan S+ 2.00% 09/2031 1,506  1,503  1,504 
Cushman & Wakefield U.S. Borrower, LLC(5)(8) First lien senior secured loan S+ 3.25% 01/2030 475  475  477 
Hunter Douglas Inc(6) First lien senior secured loan S+ 3.25% 01/2032 2,766  2,737  2,754 
Knife River Corporation(6) First lien senior secured loan S+ 2.00% 03/2032 1,334  1,331  1,337 
MIWD Holdco II LLC(5) First lien senior secured loan S+ 3.00% 03/2031 2,792  2,777  2,795 
Quikrete Holdings, Inc.(5) First lien senior secured loan S+ 2.25% 03/2029 499  495  498 
Quikrete Holdings, Inc.(5) First lien senior secured loan S+ 2.25% 02/2032 7,424  7,410  7,411 
Wrench Group LLC(6) First lien senior secured loan S+ 4.00% 10/2028 16,670  16,574  16,591 
46,535  46,682  9.6  %
Business services
Boxer Parent Company Inc. (f/k/a BMC)(6) First lien senior secured loan S+ 3.00% 07/2031 19,950  19,780  19,812 
BrightView Landscapes, LLC(6) First lien senior secured loan S+ 2.00% 04/2029 2,500  2,507  2,495 
CCC Intelligent Solutions Inc(5) First lien senior secured loan S+ 2.00% 01/2032 763  763  763 
CE Intermediate I, LLC (dba Clubessential)(6) First lien senior secured loan S+ 3.00% 02/2032 4,854  4,854  4,848 
ConnectWise, LLC(6) First lien senior secured loan S+ 3.50% 09/2028 17,895  17,908  17,970 
3
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2025
(Amounts in thousands)
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
CoolSys, Inc.(7) First lien senior secured loan S+ 4.75% 08/2028 14,884  14,699  12,251 
IDEMIA Group SAS(6)(8) First lien senior secured loan S+ 4.25% 09/2028 2,788  2,811  2,795 
IGT Holding IV AB (dba IFS)(6)(8) First lien senior secured loan S+ 3.50% 04/2032 1,290  1,287  1,297 
Kaseya Inc.(5) First lien senior secured loan S+ 3.25% 03/2032 7,630  7,594  7,656 
Madison Safety & Flow LLC(5) First lien senior secured loan S+ 2.75% 09/2031 2,482  2,482  2,486 
MKS Instruments, Inc.(5) First lien senior secured loan S+ 2.00% 08/2029 238  239  238 
NVENT ELEC PUB LTD CO (dba Nvent Thermal LLC)(5) First lien senior secured loan S+ 3.50% 01/2032 14,000  13,936  14,077 
Plano HoldCo, Inc. (dba Perficient)(6)(8) First lien senior secured loan S+ 3.50% 10/2031 5,985  5,963  5,671 
Plusgrade Inc.(5)(8) First lien senior secured loan S+ 3.50% 03/2031 9,307  9,307  9,237 
Tecta America Corp.(5) First lien senior secured loan S+ 3.00% 02/2032 9,588  9,565  9,596 
Vestis Corp(6) First lien senior secured loan S+ 2.25% 02/2031 1,026  984  981 
VM Consolidated, Inc.(5) First lien senior secured loan S+ 2.25% 03/2028 2,046  2,052  2,054 
XPLOR T1, LLC(6)(8) First lien senior secured loan S+ 3.50% 06/2031 9,925  9,925  9,925 
126,656  124,152  25.3  %
Chemicals
Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(5)(8) First lien senior secured loan S+ 4.00% 11/2027 17,422  17,427  16,289 
Avient Corporation(6) First lien senior secured loan S+ 1.75% 08/2029 2,978  2,991  2,987 
Axalta Coating Systems US Holdings INC(6) First lien senior secured loan S+ 1.75% 12/2029 995  998  997 
Derby Buyer LLC (dba Delrin)(5) First lien senior secured loan S+ 3.00% 11/2030 9,875  9,875  9,827 
Entegris, Inc.(6) First lien senior secured loan S+ 1.75% 07/2029 933  936  938 
FORMULATIONS PARENT CORPORATION (dba Chase Corporation)(6)(8) First lien senior secured loan S+ 4.00% 04/2032 2,359  2,336  2,359 
Ineos US Finance LLC(5) First lien senior secured loan S+ 3.25% 02/2030 3,980  3,901  3,808 
Nouryon Finance B.V.(6) First lien senior secured loan S+ 3.25% 04/2028 6,953  6,900  6,980 
Potters(6) First lien senior secured loan S+ 3.00% 12/2027 3,483  3,485  3,491 
Windsor Holdings III LLC(5) First lien senior secured loan S+ 2.75% 08/2030 6,977  6,779  6,976 
55,628  54,652  11.1  %
Consumer products
ASGN Incorporated(5) First lien senior secured loan S+ 1.75% 08/2030 497  502  498 
BEP Intermediate Holdco, LLC (dba Buyers Edge Platform)(5) First lien senior secured loan S+ 3.25% 04/2031 995  1,001  996 
Flexera(6) First lien senior secured loan S+ 3.00% 03/2028 1,990  2,005  1,989 
HomeServe USA Holding Corp.(5) First lien senior secured loan S+ 2.00% 10/2030 1,995  1,979  1,995 
Novelis Inc(6) First lien senior secured loan S+ 2.00% 03/2032 4,632  4,632  4,638 
10,119  10,116  2.0  %
Containers and packaging
Anchor Packaging, LLC(5) First lien senior secured loan S+ 3.25% 07/2029 6,980  6,939  7,013 
Berlin Packaging(5) First lien senior secured loan S+ 3.50% 06/2031 6,979  6,894  7,002 
Charter NEX US, Inc.(5) First lien senior secured loan S+ 2.75% 11/2030 3,738  3,696  3,750 
Clydesdale Acquisition Holdings, Inc. (dba Novolex)(5) First lien senior secured loan S+ 3.25% 03/2032 14,269  14,166  14,206 
Pregis Topco LLC(5) First lien senior secured loan S+ 4.00% 02/2029 4,886  4,874  4,896 
ProAmpac PG Borrower LLC(6) First lien senior secured loan S+ 4.00% 09/2028 6,475  6,462  6,489 
Ring Container Technologies Group, LLC(5) First lien senior secured loan S+ 2.75% 08/2028 16,241  16,204  16,290 
SupplyOne, Inc.(5) First lien senior secured loan S+ 3.50% 04/2031 13,243  13,244  13,277 
Tricorbraun Holdings, Inc.(5) First lien senior secured loan S+ 3.25% 03/2028 16,416  16,377  16,390 
88,856  89,313  18.1  %
Distribution
AI Aqua Merger Sub, Inc. (dba Culligan)(5) First lien senior secured loan S+ 3.00% 07/2028 11,777  11,634  11,752 
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) First lien senior secured loan S+ 3.25% 12/2030 17,910  17,910  17,790 
4
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2025
(Amounts in thousands)
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Dealer Tire Financial, LLC(5)(8) First lien senior secured loan S+ 3.00% 07/2031 23,820  23,820  23,642 
Foundation Building Materials, Inc.(6) First lien senior secured loan S+ 3.25% 01/2028 3,029  2,936  2,987 
Foundation Building Materials, Inc.(6) First lien senior secured loan S+ 4.00% 01/2031 4,092  4,058  3,998 
Foundation Building Materials, Inc.(6) First lien senior secured loan S+ 5.25% 01/2031 2,786  2,699  2,742 
Paint Intermediate III LLC (dba Wesco Group)(6) First lien senior secured loan S+ 3.00% 10/2031 11,970  11,917  11,850 
White Cap Supply Holdings, LLC(5) First lien senior secured loan S+ 3.25% 10/2029 5,661  5,642  5,621 
80,616  80,382  16.3  %
Education
Ellucian Holdings Inc. (f/k/a Sophia, L.P.)(5) First lien senior secured loan S+ 3.00% 10/2029 10,185  10,185  10,204 
Renaissance Learning, Inc.(6) First lien senior secured loan S+ 4.00% 04/2030 5,164  4,985  4,677 
Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)(6) First lien senior secured loan S+ 4.00% 10/2030 19,700  19,700  19,761 
34,870  34,642  7.0  %
Energy equipment and services
AZZ Inc.(5) First lien senior secured loan S+ 2.50% 05/2029 1,264  1,271  1,270 
Brookfield WEC Holdings Inc.(5) First lien senior secured loan S+ 2.25% 01/2031 4,065  4,065  4,065 
Calpine Construction Finance Company(5) First lien senior secured loan S+ 2.00% 07/2030 3,000  2,987  2,998 
Calpine Corporation(5) First lien senior secured loan S+ 1.75% 01/2031 1,500  1,499  1,499 
Calpine Corporation(5) First lien senior secured loan S+ 1.75% 02/2032 4,000  3,988  3,998 
Fleet U.S. Bidco Inc.(7)(8) First lien senior secured loan S+ 2.75% 02/2031 8,439  8,441  8,439 
Pike Corp.(5) First lien senior secured loan S+ 3.00% 01/2028 4,384  4,412  4,406 
26,663  26,675  5.4  %
Financial services
AllSpring Buyer(6) First lien senior secured loan S+ 3.00% 11/2030 1,046  1,044  1,051 
Ascensus Holdings, Inc.(5) First lien senior secured loan S+ 3.00% 08/2028 4,006  4,010  4,010 
BCPE Pequod Buyer, Inc. (dba Envestnet)(5) First lien senior secured loan S+ 3.25% 11/2031 7,980  7,945  7,988 
Boost Newco Borrower, LLC (dba WorldPay)(6) First lien senior secured loan S+ 2.00% 01/2031 6,983  6,862  6,997 
Chrysaor Bidco s.à r.l. (dba AlterDomus)(6) First lien senior secured loan S+ 3.00% 05/2031 3,247  3,243  3,267 
Citadel Securities, LP(5) First lien senior secured loan S+ 2.00% 10/2031 7,235  7,235  7,261 
Citco Funding LLC(7) First lien senior secured loan S+ 2.75% 04/2028 1,990  2,000  1,998 
Citrin Cooperman Advisors LLC(6) First lien senior secured loan S+ 3.00% 04/2032 4,517  4,495  4,509 
Cohnreznick Advisory LLC(6)(8) First lien senior secured loan S+ 4.00% 03/2032 5,996  5,972  5,966 
Creative Planning, LLC(5) First lien senior secured loan S+ 2.00% 05/2031 4,759  4,723  4,742 
Deerfield Dakota Holdings(6) First lien senior secured loan S+ 3.75% 04/2027 2,984  2,916  2,895 
First Eagle Holdings, Inc.(5) First lien senior secured loan S+ 3.50% 06/2032 10,442  10,285  10,246 
Focus Financial Partners, LLC(5) First lien senior secured loan S+ 2.75% 09/2031 16,128  16,071  16,089 
Grant Thornton Advisors LLC(5) First lien senior secured loan S+ 2.75% 06/2031 5,427  5,405  5,418 
Grant Thornton Advisors LLC(5) First lien senior secured loan S+ 3.00% 06/2031 2,603  2,571  2,605 
Guggenheim Partners Investment Management Holdings, LLC(6) First lien senior secured loan S+ 2.50% 11/2031 5,970  5,958  5,991 
GYP Holdings III Corp.(5)(8) First lien senior secured loan S+ 2.25% 05/2030 499  496  499 
Harbourvest Partners, L.P.(6)(8) First lien senior secured loan S+ 2.25% 04/2030 995  999  995 
Jane Street Group, LLC(6) First lien senior secured loan S+ 2.00% 12/2031 6,842  6,824  6,833 
MARINER WEALTH ADVISORS, LLC(6) First lien senior secured loan S+ 2.50% 12/2030 4,916  4,904  4,926 
OneDigital Borrower LLC(5) First lien senior secured loan S+ 3.00% 07/2031 4,985  4,916  4,971 
Orion Advisor Solutions Inc(6) First lien senior secured loan S+ 3.75% 09/2030 6,403  6,361  6,434 
Orion US Finco Inc. (dba OSTTRA)(5) First lien senior secured loan S+ 3.50% 05/2032 3,095  3,080  3,105 
Pushpay USA Inc(6)(8) First lien senior secured loan S+ 4.00% 08/2031 5,787  5,781  5,816 
Saphilux S.a.r.L. (dba IQ-EQ)(7) First lien senior secured loan S+ 3.50% 07/2028 19,572  19,621  19,662 
Shift4 Payments, LLC(6) First lien senior secured loan S+ 2.75% 05/2032 8,632  8,611  8,699 
TMF Sapphire Bidco B.V.(6) First lien senior secured loan S+ 2.75% 05/2028 2,242  2,240  2,246 
154,568  155,219  31.6  %
5
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2025
(Amounts in thousands)
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Food and beverage
1011778 BC / NEW RED FIN (dba Restaurant Brands)(5) First lien senior secured loan S+ 1.75% 09/2030 1,992  1,984  1,982 
Aramark Services, Inc.(5) First lien senior secured loan S+ 2.00% 06/2030 6,046  6,046  6,054 
Aspire Bakeries Holdings, LLC(5)(8) First lien senior secured loan S+ 3.50% 12/2030 4,229  4,229  4,240 
Balrog Acquisition, Inc. (dba Bakemark)(5) First lien senior secured loan S+ 4.00% 09/2028 18,503  18,554  18,007 
Fiesta Purchaser, Inc. (dba Shearer's Foods)(5) First lien senior secured loan S+ 3.25% 02/2031 7,871  7,871  7,886 
FRONERI US INC(7) First lien senior secured loan S+ 2.00% 09/2031 3,990  3,981  3,943 
IRB Holding Corporation(5) First lien senior secured loan S+ 2.50% 12/2027 3,706  3,671  3,705 
Pegasus BidCo B.V.(6)(8) First lien senior secured loan S+ 3.25% 07/2029 7,475  7,444  7,512 
Red SPV, LLC(5)(8) First lien senior secured loan S+ 2.25% 03/2032 9,524  9,478  9,500 
Savor Acquisition, Inc. (dba Sauer Brands)(5) First lien senior secured loan S+ 3.25% 02/2032 5,257  5,237  5,285 
Sazerac Company, Inc. (dba Sazerac Co.)(6)(8) First lien senior secured loan S+ 3.00% 06/2032 8,424  8,382  8,382 
Simply Good Foods USA, Inc.(5) First lien senior secured loan S+ 2.00% 03/2027 3,148  3,173  3,148 
Utz Quality Foods, LLC(5) First lien senior secured loan S+ 2.50% 01/2032 2,550  2,550  2,549 
Whatabrands LLC (dba Whataburger Restaurants LLC)(5) First lien senior secured loan S+ 2.50% 08/2028 7,398  7,359  7,399 
89,959  89,592  18.2  %
Healthcare equipment and services
Agiliti Health(6) First lien senior secured loan S+ 3.00% 05/2030 995  966  961 
Azalea TopCo, Inc. (dba Press Ganey)(5) First lien senior secured loan S+ 3.25% 04/2031 1,392  1,380  1,393 
Confluent Medical Technologies, Inc.(6) First lien senior secured loan S+ 3.25% 02/2029 9,763  9,824  9,751 
Curium BidCo S.A.R.L (dba Curium Pharma)(6)(10) First lien senior secured loan S+ 3.50% 07/2029 7,977  7,932  7,988 
Medline Borrower, LP(5) First lien senior secured loan S+ 2.25% 10/2028 20,048  20,048  20,059 
Resonetics, LLC(6) First lien senior secured loan S+ 3.25% 06/2031 18,050  18,050  18,050 
Zest Acquisition Corp.(6) First lien senior secured loan S+ 5.25% 02/2028 995  1,002  990 
59,202  59,192  12.1  %
Healthcare providers and services
CHG Healthcare Services, Inc.(5) First lien senior secured loan S+ 3.00% 09/2028 3,232  3,233  3,242 
CHG PPC Parent LLC(5)(8) First lien senior secured loan S+ 3.00% 12/2028 3,715  3,699  3,724 
Concentra(5) First lien senior secured loan S+ 2.00% 07/2031 1,496  1,503  1,500 
Confluent Health, LLC(5)(8) First lien senior secured loan S+ 4.00% 11/2028 13,417  13,218  12,747 
Covetrus, Inc.(6) First lien senior secured loan S+ 5.00% 10/2029 16,058  15,389  14,428 
Electron Bidco Inc (dba ExamWorks)(5) First lien senior secured loan S+ 2.75% 11/2028 1,995  1,995  1,999 
HAH Group Holding Company LLC (dba Help at Home)(5) First lien senior secured loan S+ 5.00% 09/2031 3,265  3,180  3,162 
Inizio Group Limited (dba UDG Healthcare)(6)(8) First lien senior secured loan S+ 4.25% 08/2028 3,300  3,242  3,135 
LSCS Holdings, Inc.(6) First lien senior secured loan S+ 4.50% 03/2032 12,964  12,900  12,689 
Pacific Dental Services, LLC(5) First lien senior secured loan S+ 2.75% 03/2031 3,400  3,383  3,400 
Phoenix Guarantor Inc(5) First lien senior secured loan S+ 2.50% 02/2031 746  746  748 
Phoenix Newco, Inc. (dba Parexel)(5) First lien senior secured loan S+ 2.50% 11/2028 22,321  22,318  22,319 
Select Medical Corp.(5) First lien senior secured loan S+ 2.00% 12/2031 3,583  3,581  3,590 
Soliant Lower Intermediate, LLC (dba Soliant)(7) First lien senior secured loan S+ 3.75% 07/2031 9,820  9,892  9,722 
WCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(5) First lien senior secured loan S+ 3.00% 02/2032 7,495  7,461  7,404 
105,740  103,809  21.1  %
Healthcare technology
Athenahealth Group Inc.(5) First lien senior secured loan S+ 2.75% 02/2029 12,366  12,361  12,346 
Bracket Intermediate Holding Corp.(6) First lien senior secured loan S+ 4.25% 05/2028 19,492  19,492  19,537 
Certara(6)(8) First lien senior secured loan S+ 3.00% 06/2031 497  500  497 
Cotiviti, Inc.(5) First lien senior secured loan S+ 2.75% 03/2032 4,463  4,420  4,437 
6
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2025
(Amounts in thousands)
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Cotiviti, Inc.(5) First lien senior secured loan S+ 2.75% 05/2031 13,957  13,888  13,879 
Ensemble RCM, LLC(6) First lien senior secured loan S+ 3.00% 08/2029 12,336  12,319  12,381 
Imprivata, Inc.(6) First lien senior secured loan S+ 3.00% 12/2027 15,090  15,090  15,115 
IQVIA, Inc.(6) First lien senior secured loan S+ 1.75% 01/2031 995  998  998 
PointClickCare Technologies, Inc.(7) First lien senior secured loan S+ 3.25% 11/2031 3,980  3,972  3,992 
Project Ruby Ultimate Parent Corp. (dba Wellsky)(5) First lien senior secured loan S+ 3.00% 03/2028 13,075  13,059  13,086 
Radnet Management, Inc.(6) First lien senior secured loan S+ 2.25% 04/2031 999  1,004  1,000 
Raven Acquisition Holdings, LLC (dba R1 RCM)(5) First lien senior secured loan S+ 3.25% 11/2031 9,302  9,264  9,291 
Southern Veterinary Partners, LLC(6) First lien senior secured loan S+ 3.25% 12/2031 19,319  19,236  19,327 
Waystar Technologies, Inc. (F/K/A Navicure, Inc.)(5) First lien senior secured loan S+ 2.25% 10/2029 249  248  249 
Zelis Cost Management Buyer, Inc.(5) First lien senior secured loan S+ 3.25% 11/2031 11,517  11,471  11,444 
137,322  137,579  28.0  %
Household products
Samsonite International S.A.(5) First lien senior secured loan S+ 2.00% 06/2030 2,987  2,999  2,991 
2,999  2,991  0.6  %
Human resource support services
AQ Carver Buyer, Inc. (dba CoAdvantage)(6) First lien senior secured loan S+ 5.50% 08/2029 1,990  1,997  1,958 
iSolved, Inc.(5) First lien senior secured loan S+ 3.00% 10/2030 7,061  7,058  7,081 
UKG Inc. (dba Ultimate Software)(5) First lien senior secured loan S+ 3.00% 02/2031 6,482  6,446  6,504 
15,501  15,543  3.1  %
Infrastructure and environmental services
Geosyntec Consultants, Inc.(5) First lien senior secured loan S+ 3.50% 07/2031 8,957  8,954  9,002 
GFL Environmental Services Inc.(6) First lien senior secured loan S+ 2.50% 03/2032 4,515  4,510  4,511 
13,464  13,513  2.7  %
Insurance
Acrisure, LLC(5) First lien senior secured loan S+ 3.00% 11/2030 7,964  7,964  7,935 
Acrisure, LLC(5) First lien senior secured loan S+ 3.25% 11/2032 1,933  1,928  1,930 
Alera Group, Inc.(5) First lien senior secured loan S+ 3.25% 05/2032 27,117  26,984  27,193 
Alliant Holdings Intermediate LLC(5) First lien senior secured loan S+ 2.75% 09/2031 6,001  5,881  6,001 
AmWINS Group, Inc.(5) First lien senior secured loan S+ 2.25% 01/2032 16,083  16,009  16,086 
Ardonagh Midco 3 PLC(6) First lien senior secured loan S+ 2.75% 02/2031 16,209  16,178  16,068 
AssuredPartners, Inc.(5) First lien senior secured loan S+ 3.50% 02/2031 12,852  12,880  12,882 
Asurion, LLC(5) First lien senior secured loan S+ 4.25% 08/2028 7,752  7,727  7,662 
Broadstreet Partners, Inc.(5) First lien senior secured loan S+ 3.00% 06/2031 6,296  6,296  6,302 
CFC USA 2025 LLC (dba CFC Insurance)(5)(8) First lien senior secured loan S+ 3.75% 07/2032 6,419  6,355  6,355 
Hub International(6) First lien senior secured loan S+ 2.50% 06/2030 3,496  3,496  3,506 
Hyperion Refinance S.à r.l (dba Howden Group)(5) First lien senior secured loan S+ 3.50% 04/2030 18,784  18,831  18,872 
Hyperion Refinance S.à r.l (dba Howden Group)(5) First lien senior secured loan S+ 3.00% 02/2031 3,533  3,532  3,542 
IMA Financial Group, Inc.(5) First lien senior secured loan S+ 3.00% 11/2028 5,546  5,521  5,541 
Mitchell International, Inc.(5) First lien senior secured loan S+ 3.25% 06/2031 9,925  9,880  9,909 
Ryan Specialty Group LLC(5) First lien senior secured loan S+ 2.25% 09/2031 249  249  248 
Summit Acquisition Inc. (dba K2 Insurance Services)(5) First lien senior secured loan S+ 3.75% 10/2031 1,995  1,986  1,993 
Trucordia Insurance Holdings, LLC(5)(8) First lien senior secured loan S+ 3.25% 06/2032 25,000  24,938  24,938 
Truist Insurance Holdings, LLC(6) First lien senior secured loan S+ 2.75% 05/2031 1,439  1,435  1,438 
USI, Inc.(6) First lien senior secured loan S+ 2.25% 09/2030 1,017  1,017  1,014 
179,087  179,415  36.5  %
7
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2025
(Amounts in thousands)
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Internet software and services
Avalara, Inc.(6) First lien senior secured loan S+ 3.25% 03/2032 9,135  9,060  9,168 
Cloud Software Group, Inc.(6) First lien senior secured loan S+ 3.75% 03/2031 4,975  4,975  4,982 
Clover Holdings 2, LLC (dba Cohesity)(6) First lien senior secured loan S+ 4.00% 12/2031 19,643  19,432  19,649 
Dayforce Inc(6)(8) First lien senior secured loan S+ 2.00% 03/2031 1,990  1,991  1,990 
Delta TopCo, Inc. (dba Infoblox, Inc.)(6) First lien senior secured loan S+ 2.75% 12/2029 11,867  11,819  11,776 
Epicor(5) First lien senior secured loan S+ 2.75% 05/2031 746  749  748 
Gen Digital Inc(5) First lien senior secured loan S+ 1.75% 04/2032 3,324  3,308  3,317 
Genesys Cloud Services, Inc.(5) First lien senior secured loan S+ 2.50% 01/2032 7,678  7,662  7,672 
Informatica LLC(5) First lien senior secured loan S+ 2.25% 10/2028 194  194  194 
Javelin Buyer, Inc. (dba JAGGAER)(6) First lien senior secured loan S+ 3.00% 10/2031 2,743  2,738  2,754 
McAfee Corp.(5) First lien senior secured loan S+ 3.00% 03/2029 4,266  4,246  4,137 
MeridianLink, Inc.(6) First lien senior secured loan S+ 2.50% 11/2028 1,990  1,990  1,991 
Project Alpha Intermediate Holding, Inc. (dba Qlik)(6) First lien senior secured loan S+ 3.25% 10/2030 7,125  7,108  7,156 
Proofpoint, Inc.(5) First lien senior secured loan S+ 3.00% 08/2028 21,473  21,368  21,475 
Quartz Acquireco, LLC (dba Qualtrics)(6) First lien senior secured loan S+ 2.25% 06/2030 497  496  499 
Sedgwick Claims Management Services, Inc.(6) First lien senior secured loan S+ 3.00% 07/2031 14,888  14,916  14,934 
SONICWALL US Holdings, Inc.(6) First lien senior secured loan S+ 5.00% 05/2028 2,987  2,968  2,916 
Sophos Holdings, LLC(5) First lien senior secured loan S+ 3.50% 03/2027 11,886  11,871  11,925 
SS&C(5) First lien senior secured loan S+ 2.00% 05/2031 1,940  1,943  1,948 
Starlight Parent, LLC (dba SolarWinds)(6) First lien senior secured loan S+ 4.00% 03/2032 10,097  9,803  9,858 
Storable, Inc.(5) First lien senior secured loan S+ 3.25% 04/2031 16,654  16,652  16,623 
The Dun & Bradstreet Corporation(5) First lien senior secured loan S+ 2.25% 01/2029 7,940  7,940  7,933 
UST Holdings, Ltd.(5) First lien senior secured loan S+ 3.00% 11/2028 5,959  5,972  5,974 
Vertiv Group Corp.(6) First lien senior secured loan S+ 4.00% 11/2030 10,600  10,580  10,629 
Vertiv Group Corp.(5) First lien senior secured loan S+ 1.75% 03/2027 497  498  498 
VIRTUSA CORPORATION(5) First lien senior secured loan S+ 3.25% 02/2029 2,384  2,393  2,383 
VS Buyer LLC (dba Veeam Software)(6) First lien senior secured loan S+ 2.75% 04/2031 5,945  5,945  5,968 
Webpros Luxembourg Sarl(5) First lien senior secured loan S+ 3.75% 03/2031 2,293  2,314  2,304 
190,931  191,401  39.1  %
Investment funds and vehicles
Grosvenor(5) First lien senior secured loan S+ 2.25% 02/2030 548  550  550 
550  550  0.1  %
Leisure and entertainment
Cedar Fair, L.P. (dba Six Flags Entertainment Corp)(6) First lien senior secured loan S+ 2.00% 05/2031 3,694  3,685  3,694 
Delta 2 (Lux) SARL (dba Formula One)(6) First lien senior secured loan S+ 2.00% 09/2031 1,000  1,003  1,000 
GBT US III LLC (dba Global Business Travel Group, Inc.)(6) First lien senior secured loan S+ 2.50% 07/2031 4,237  4,204  4,241 
WMG Acquisition Corp(6) First lien senior secured loan S+ 1.75% 01/2031 1,000  1,002  1,001 
9,894  9,936  2.0  %
Manufacturing
ALLIANCE LAUNDRY SYSTEMS LLC(5) First lien senior secured loan S+ 2.50% 08/2031 10,800  10,751  10,816 
Altar Bidco, Inc.(5) First lien senior secured loan S+ 3.10% 02/2029 8,276  8,121  8,243 
Chariot Buyer LLC (dba Chamberlain Group)(5) First lien senior secured loan S+ 3.25% 11/2028 8,289  8,277  8,297 
Columbus McKinnon Corp.(6)(8) First lien senior secured loan S+ 2.50% 05/2028 977  979  975 
DXP Enterprises, Inc.(5) First lien senior secured loan S+ 3.75% 10/2030 5,955  5,955  5,988 
EMRLD Borrower LP (dba Emerson)(6) First lien senior secured loan S+ 2.50% 05/2030 7,333  7,234  7,323 
Engineered Machinery Holdings, Inc. (dba Duravant)(6) First lien senior secured loan S+ 3.50% 05/2028 17,404  17,489  17,499 
Filtration Group Corporation(5) First lien senior secured loan S+ 3.00% 10/2028 1,745  1,741  1,751 
Gates Global LLC(5) First lien senior secured loan S+ 1.75% 11/2029 995  991  994 
8
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2025
(Amounts in thousands)
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Gloves Buyer, Inc. (dba Protective Industrial Products)(5) First lien senior secured loan S+ 4.00% 05/2032 14,000  13,932  13,703 
Legence Holdings LLC(5) First lien senior secured loan S+ 3.25% 12/2028 6,676  6,675  6,672 
MADISON IAQ LLC(6) First lien senior secured loan S+ 3.25% 04/2032 8,152  8,078  8,169 
Madison IAQ, LLC(7) First lien senior secured loan S+ 2.50% 06/2028 249  247  249 
Pro Mach Group, Inc.(5) First lien senior secured loan S+ 2.75% 08/2028 16,419  16,361  16,447 
Watlow Electric Manufacturing Company(6) First lien senior secured loan S+ 3.00% 03/2028 2,986  2,998  2,992 
109,829  110,118  22.5  %
Pharmaceuticals
Fortrea Holdings Inc.(5)(8) First lien senior secured loan S+ 3.75% 07/2030 1,000  981  888 
Opal US LLC(7) First lien senior secured loan S+ 3.25% 04/2032 16,776  16,701  16,833 
17,682  17,721  3.6  %
Professional Services
AlixPartners, LLP(5) First lien senior secured loan S+ 2.50% 02/2028 497  498  499 
Apex Group Treasury LLC(5) First lien senior secured loan S+ 3.50% 02/2032 26,647  26,633  26,530 
API GROUP DE INC(5) First lien senior secured loan S+ 1.75% 01/2029 2,840  2,840  2,840 
Arsenal AIC Parent, LLC (dba Arconic)(5) First lien senior secured loan S+ 2.75% 08/2030 399  401  398 
Camelot U.S. Acquisition 1 Co.(5) First lien senior secured loan S+ 2.75% 01/2031 2,000  2,007  1,977 
Clearwater Analytics, LLC(6)(8) First lien senior secured loan S+ 2.25% 04/2032 4,119  4,119  4,119 
Corporation Service Company(5) First lien senior secured loan S+ 2.00% 11/2029 5,540  5,540  5,532 
Element Materials Technology(6) First lien senior secured loan S+ 3.75% 06/2029 2,292  2,303  2,293 
First Advantage Holdings LLC(5) First lien senior secured loan S+ 3.25% 10/2031 4,763  4,747  4,761 
Red Ventures, LLC(5) First lien senior secured loan S+ 2.75% 03/2030 498  501  421 
Skopima Merger Sub Inc.(5) First lien senior secured loan S+ 3.75% 05/2028 4,820  4,820  4,751 
Vistage International, Inc.(6)(8) First lien senior secured loan S+ 3.75% 07/2029 9,848  9,848  9,823 
64,257  63,944  13.1  %
Telecommunications
Charter Communications Operating LLC(6) First lien senior secured loan S+ 2.25% 12/2031 7,960  7,942  7,971 
Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6) First lien senior secured loan S+ 3.00% 11/2027 4,204  4,206  4,183 
VIAVI SOLUTIONS INC(6) First lien senior secured loan S+ 2.50% 06/2032 6,306  6,290  6,302 
18,438  18,456  3.7  %
Transportation
AIT Worldwide Logistics Holdings, Inc.(6) First lien senior secured loan S+ 4.00% 04/2030 7,960  7,960  7,972 
Echo Global Logistics, Inc.(5) First lien senior secured loan S+ 3.75% 11/2028 1,990  1,971  1,855 
Genesee & Wyoming Inc.(6) First lien senior secured loan S+ 1.75% 04/2031 497  495  495 
KKR Apple Bidco, LLC(5) First lien senior secured loan S+ 2.50% 09/2031 8,025  8,006  8,004 
NA Rail Hold Co. LLC(6) First lien senior secured loan S+ 3.00% 03/2032 3,636  3,627  3,642 
22,059  21,968  4.4  %
Total Misc.-debt commitments(10) (12) 7  —  %
Total Debt Investments $ 1,793,822  $ 1,790,366  364.0  %
Total Investments $ 1,793,822  $ 1,790,366  364.0  %





9
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of June 30, 2025
(Amounts in thousands)

(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, 2025 was 4.32%.
(6) The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2025 was 4.29%.
(7) The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2025 was 4.15%
(8) Level 3 investment.
(9) Totals presented may differ than actuals due to rounding.
(10) Position or portion thereof is an unfunded loan commitment. See below for more information on the Company’s unfunded commitments.

Unfunded Commitments as of June 30, 2025:
Unfunded
Portfolio Company Commitment Type Commitment Expiration Date Funded
Commitment		 Commitment Fair Value
Chrysaor Bidco s.à r.l. (dba AlterDomus) First lien senior secured delayed draw term loan 05/2026 $ —  $ 241  — 
Citrin Cooperman Advisors LLC First lien senior secured delayed draw term loan 03/2027 —  291  — 
Clydesdale Acquisition Holdings, Inc. (dba Novolex) First lien senior secured delayed draw term loan 12/2025 7  242  7 
Cohnreznick Advisory LLC First lien senior secured delayed draw term loan 03/2027 —  1,388  — 
Delta 2 (Lux) SARL (dba Formula One) First lien senior secured delayed draw term loan 07/2025 —  500  — 
First Eagle Holdings, Inc. First lien senior secured delayed draw term loan 06/2027 —  1,783  — 
Kaman Corporation First lien senior secured delayed draw term loan 01/2027 —  1,032  — 
Raven Acquisition Holdings, LLC (dba R1 RCM) First lien senior secured delayed draw term loan 10/2026 —  674  — 
Savor Acquisition, Inc. (dba Sauer Brands) First lien senior secured delayed draw term loan 02/2027 —  410  — 
Signia Aerospace LLC First lien senior secured delayed draw term loan 11/2026 —  1,000  — 
Total Portfolio Company Commitments $ 7  $ 7,561  $ 7 
10
Blue Owl Credit SLF LLC
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands)

Company(1)(3)(4) Investment Interest Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Debt Investments
Aerospace and defense            
Amentum Holdings, Inc.(5) First lien senior secured loan SR + 2.25% 09/2031 $ 6,000  $ 5,986  $ 5,975  1.7  %
Avolon TLB Borrower 1 (US) LLC(5) First lien senior secured loan SR + 1.75% 06/2030 10,928  10,916  10,916  3.1  %
Bleriot US Bidco Inc.(6) First lien senior secured loan SR + 2.75% 10/2030 23,940  23,940  24,048  6.9  %
Dynasty Acquisition Co., Inc. (dba StandardAero Limited)(5) First lien senior secured loan SR + 2.25% 10/2031 10,500  10,487  10,540  3.0  %
Signia Aerospace LLC(6)(8) First lien senior secured loan SR + 3.00% 11/2031 7,385  7,366  7,366  2.1  %
Transdigm, Inc.(6) First lien senior secured loan SR + 2.50% 01/2032 9,975  9,951  9,991  2.9  %
68,646  68,836  19.7  %
Automotive services            
Belron Finance US LLC(6) First lien senior secured loan SR + 2.75% 10/2031 7,980  7,960  8,045  2.3  %
Holley Inc.(5) First lien senior secured loan SR + 3.75% 11/2028 3,211  3,148  3,140  0.9  %
Mavis Tire Express Services Topco Corp.(5) First lien senior secured loan SR + 3.50% 05/2028 2,867  2,878  2,883  0.8  %
Wand Newco 3, Inc. (dba Caliber )(5) First lien senior secured loan SR + 3.25% 01/2031 4,883  4,895  4,898  1.4  %
18,881  18,966  5.4  %
Buildings and real estate            
Arcosa Inc(5) First lien senior secured loan SR + 2.25% 08/2031 3,000  3,000  3,021  0.9  %
Construction Partners, Inc.(5) First lien senior secured loan SR + 2.50% 11/2031 2,000  1,995  2,006  0.6  %
The Azek Group LLC(5)(8) First lien senior secured loan SR + 2.00% 09/2031 1,995  1,990  2,000  0.6  %
Wrench Group LLC(6) First lien senior secured loan SR + 4.00% 10/2028 31,440  31,144  30,104  8.6  %
38,129  37,131  10.7  %
Business services            
Boxer Parent Company Inc. (f/k/a BMC)(6) First lien senior secured loan SR + 3.75% 07/2031 15,000  14,990  15,111  4.3  %
ConnectWise, LLC(6) First lien senior secured loan SR + 3.50% 09/2028 16,490  16,521  16,573  4.8  %
CoolSys, Inc.(6)(8) First lien senior secured loan SR + 4.75% 08/2028 14,961  14,742  14,550  4.2  %
Madison Safety & Flow LLC(5) First lien senior secured loan SR + 3.25% 09/2031 1,995  1,990  2,008  0.6  %
Nvent Electric Public Limited Company(6) First lien senior secured loan SR + 3.50% 09/2031 14,000  13,930  14,136  4.1  %
Plano HoldCo, Inc.(6)(8) First lien senior secured loan SR + 3.50% 10/2031 4,500  4,478  4,534  1.3  %
POLARIS PURCHASER, INC. (dba Plusgrade)(6)(8) First lien senior secured loan SR + 4.00% 03/2031 10,154  10,174  10,204  2.9  %
XPLOR T1, LLC(6)(8) First lien senior secured loan SR + 3.50% 06/2031 9,975  9,975  10,050  2.9  %
86,800  87,166  25.1  %
Chemicals            
Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(5) First lien senior secured loan SR + 4.00% 11/2027 17,512  17,523  17,512  5.0  %
Derby Buyer LLC (dba Delrin)(5) First lien senior secured loan SR + 3.00% 11/2030 9,925  9,925  9,950  2.9  %
27,448  27,462  7.9  %
Containers and packaging            
Ring Container Technologies Group, LLC(5) First lien senior secured loan SR + 2.75% 08/2028 12,313  12,345  12,332  3.5  %
SupplyOne, Inc.(5) First lien senior secured loan SR + 3.75% 04/2031 997  997  1,004  0.3  %
Tricorbraun Holdings, Inc.(5) First lien senior secured loan SR + 3.25% 03/2028 15,959  15,919  15,933  4.6  %
29,261  29,269  8.4  %
Distribution            
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) First lien senior secured loan SR + 3.50% 12/2028 18,000  18,000  18,076  5.2  %
Dealer Tire Financial, LLC(5) First lien senior secured loan SR + 3.50% 07/2031 23,940  23,940  23,940  6.9  %
Foundation Building Materials, Inc.(6) First lien senior secured loan SR + 4.00% 01/2031 9,950  9,842  9,780  2.8  %
Paint Intermediate III, LLC(6) First lien senior secured loan SR + 3.00% 09/2031 12,000  11,942  12,046  3.5  %
White Cap Supply Holdings, LLC(5) First lien senior secured loan SR + 3.25% 10/2029 7,000  6,971  7,006  2.0  %
70,695  70,848  20.4  %
Education            
Ellucian Holdings Inc. (f/k/a Sophia, L.P.)(5) First lien senior secured loan SR + 3.00% 10/2029 12,947  12,947  13,022  3.7  %
Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)(6) First lien senior secured loan SR + 4.00% 10/2030 19,800  19,954  19,899  5.7  %
32,901  32,921  9.4  %
Energy equipment and services            
Brookfield WEC Holdings Inc.(5) First lien senior secured loan SR + 2.25% 01/2031 4,086  4,086  4,085  1.2  %
Calpine Construction Finance Company, L.P.(5) First lien senior secured loan SR + 2.00% 07/2030 3,000  2,985  2,991  0.9  %
11
Blue Owl Credit SLF LLC
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands)

Company(1)(3)(4) Investment Interest Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Calpine Corporation(6) First lien senior secured loan SR + 1.75% 02/2032 4,000  3,985  3,983  1.1  %
Fleet U.S. Bidco Inc.(7)(8) First lien senior secured loan SR + 2.75% 02/2031 7,481  7,481  7,519  2.2  %
18,537  18,578  5.4  %
Financial services            
AllSpring Buyer(6) First lien senior secured loan SR + 3.00% 11/2030 1,048  1,046  1,049  0.3  %
BCPE Pequod Buyer, Inc.(5) First lien senior secured loan SR + 3.50% 11/2031 8,000  7,960  8,058  2.3  %
Citadel Securities, LP(5) First lien senior secured loan SR + 2.00% 10/2031 7,271  7,271  7,288  2.1  %
Focus Financial Partners, LLC(5) First lien senior secured loan SR + 3.25% 09/2031 7,224  7,206  7,285  2.1  %
Grant Thornton Advisors LLC(6) First lien senior secured loan SR + 2.75% 06/2031 1,783  1,783  1,781  0.5  %
Guggenheim Partners Investment Management Holdings, LLC(6) First lien senior secured loan SR + 2.50% 11/2031 6,000  5,985  6,015  1.7  %
Jane Street Group, LLC(5) First lien senior secured loan SR + 2.00% 12/2031 3,990  3,980  3,972  1.1  %
MARINER WEALTH ADVISORS, LLC(6) First lien senior secured loan SR + 2.75% 08/2028 1,995  1,995  1,995  0.6  %
Orion Advisor Solutions Inc(6) First lien senior secured loan SR + 3.75% 09/2030 6,435  6,389  6,489  1.9  %
PUSHPAY USA INC(6)(8) First lien senior secured loan SR + 4.50% 08/2031 4,286  4,244  4,307  1.2  %
Saphilux S.a.r.L. (dba IQ-EQ)(7) First lien senior secured loan SR + 3.50% 07/2028 15,920  15,972  16,020  4.6  %
63,831  64,259  18.4  %
Food and beverage            
Aspire Bakeries Holdings, LLC(5)(8) First lien senior secured loan SR + 4.25% 12/2030 3,990  3,970  4,020  1.2  %
Balrog Acquisition, Inc. (dba Bakemark)(6) First lien senior secured loan SR + 4.00% 09/2028 24,250  24,321  24,286  7.0  %
Fiesta Purchaser, Inc. (dba Shearer's Foods)(5) First lien senior secured loan SR + 3.25% 02/2031 11,940  11,940  11,938  3.4  %
Froneri International Ltd(5) First lien senior secured loan SR + 2.00% 09/2031 4,000  3,990  4,001  1.1  %
44,221  44,245  12.7  %
Healthcare equipment and services            
Confluent Medical Technologies, Inc.(6) First lien senior secured loan SR + 3.25% 02/2029 9,812  9,877  9,850  2.8  %
Medline Borrower, LP(5) First lien senior secured loan SR + 2.25% 10/2028 22,149  22,149  22,209  6.4  %
Packaging Coordinators Midco, Inc.(6) First lien senior secured loan SR + 3.25% 11/2027 4,862  4,879  4,879  1.4  %
Resonetics, LLC(6) First lien senior secured loan SR + 3.25% 06/2031 19,950  19,950  20,056  5.7  %
56,855  56,994  16.3  %
Healthcare providers and services            
CHG Healthcare Services, Inc(6) First lien senior secured loan SR + 3.50% 09/2028 2,248  2,248  2,264  0.6  %
CHG PPC Parent LLC(5) First lien senior secured loan SR + 3.00% 12/2028 2,984  2,963  2,998  0.9  %
Confluent Health, LLC(5)(8) First lien senior secured loan SR + 4.00% 11/2028 24,329  23,917  23,660  6.8  %
Covetrus, Inc.(6) First lien senior secured loan SR + 5.00% 10/2029 14,738  14,050  14,139  4.1  %
Electron Bidco Inc (dba ExamWorks)(6) First lien senior secured loan SR + 2.75% 11/2028 2,000  2,000  2,006  0.6  %
HAH Group Holding Company LLC(5) First lien senior secured loan SR + 5.00% 09/2031 6,000  5,912  5,993  1.7  %
Phoenix Newco, Inc. (dba Parexel)(5) First lien senior secured loan SR + 3.00% 11/2028 23,937  23,961  24,076  6.9  %
Select Medical Corp.(5) First lien senior secured loan SR + 2.00% 12/2031 4,000  3,995  4,008  1.1  %
Soliant Lower Intermediate, LLC (dba Soliant)(5) First lien senior secured loan SR + 3.75% 07/2031 10,000  10,079  9,900  2.8  %
89,125  89,044  25.5  %
Healthcare technology            
Athenahealth Group Inc.(5) First lien senior secured loan SR + 3.25% 02/2029 12,397  12,378  12,410  3.6  %
Bracket Intermediate Holding Corp.(6) First lien senior secured loan SR + 4.25% 05/2028 19,701  19,701  19,848  5.7  %
Cotiviti, Inc.(5) First lien senior secured loan SR + 3.00% 05/2031 9,925  9,925  9,969  2.9  %
Ensemble RCM, LLC(6) First lien senior secured loan SR + 3.00% 08/2029 4,975  4,996  5,007  1.4  %
Imprivata, Inc.(6) First lien senior secured loan SR + 3.50% 12/2027 19,502  19,612  19,600  5.6  %
PointClickCare Technologies, Inc.(6) First lien senior secured loan SR + 3.25% 11/2031 4,000  3,990  4,020  1.2  %
Project Ruby Ultimate Parent Corp. (dba Wellsky)(5) First lien senior secured loan SR + 3.00% 03/2028 19,975  19,937  20,045  5.7  %
Raven Acquisition Holdings, LLC(5) First lien senior secured loan SR + 3.25% 11/2031 11,200  11,145  11,218  3.2  %
Southern Veterinary Partners, LLC(6) First lien senior secured loan SR + 3.25% 12/2031 20,000  19,904  20,120  5.8  %
Zelis Cost Management Buyer, Inc.(5) First lien senior secured loan SR + 3.25% 11/2031 16,000  15,922  16,040  4.6  %
137,510  138,277  39.7  %
12
Blue Owl Credit SLF LLC
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands)

Company(1)(3)(4) Investment Interest Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Human resource support services            
iSolved, Inc.(5) First lien senior secured loan SR + 3.25% 10/2030 5,970  5,970  6,037  1.7  %
5,970  6,037  1.7  %
Infrastructure and environmental services            
Geosyntec Consultants, Inc.(5) First lien senior secured loan SR + 3.75% 07/2031 6,000  5,971  6,038  1.7  %
5,971  6,038  1.7  %
Insurance            
Acrisure, LLC(5) First lien senior secured loan SR + 3.00% 11/2030 9,531  9,531  9,529  2.7  %
Ardonagh Midco 3 PLC(6)(8) First lien senior secured loan SR + 3.75% 02/2031 15,000  15,072  15,075  4.3  %
AssuredPartners, Inc.(5) First lien senior secured loan SR + 3.50% 02/2031 12,917  12,946  12,934  3.7  %
Asurion, LLC(5) First lien senior secured loan SR + 4.25% 08/2028 7,791  7,761  7,791  2.2  %
Broadstreet Partners, Inc.(5) First lien senior secured loan SR + 3.00% 06/2031 6,328  6,328  6,344  1.8  %
Hyperion Refinance S.à r.l (dba Howden Group)(5) First lien senior secured loan SR + 3.50% 04/2030 19,650  19,741  19,768  5.7  %
Hyperion Refinance S.à r.l (dba Howden Group)(5) First lien senior secured loan SR + 3.00% 02/2031 4,963  4,963  4,991  1.4  %
Mitchell International, Inc.(5) First lien senior secured loan SR + 3.25% 06/2031 9,975  9,923  9,967  2.9  %
Summit Acquisition Inc. (dba K2 Insurance Services)(6)(8) First lien senior secured loan SR + 3.75% 10/2031 2,000  1,990  1,990  0.6  %
USI, Inc.(6) First lien senior secured loan SR + 2.25% 09/2030 1,335  1,335  1,332  0.4  %
89,590  89,721  25.7  %
Internet software and services            
Cloud Software Group, Inc.(6) First lien senior secured loan SR + 3.75% 03/2031 5,000  5,000  5,011  1.4  %
Clover Holdings 2, LLC(6)(8) First lien senior secured loan SR + 4.00% 12/2031 17,143  16,973  16,971  4.9  %
Javelin Buyer, Inc.(6) First lien senior secured loan SR + 3.25% 10/2031 3,000  2,993  3,021  0.9  %
McAfee Corp.(5) First lien senior secured loan SR + 3.00% 03/2029 3,288  3,288  3,287  0.9  %
Project Alpha Intermediate Holding, Inc. (dba Qlik)(6) First lien senior secured loan SR + 3.25% 10/2030 7,125  7,107  7,166  2.1  %
Proofpoint, Inc.(5) First lien senior secured loan SR + 3.00% 08/2028 9,900  9,934  9,940  2.8  %
Sedgwick Claims Management Services, Inc.(6) First lien senior secured loan SR + 3.00% 07/2031 14,963  14,991  15,037  4.3  %
Sophos Holdings, LLC(6) First lien senior secured loan SR + 3.50% 03/2027 10,000  9,988  10,055  2.9  %
Storable, Inc.(5) First lien senior secured loan SR + 3.50% 04/2028 14,885  14,919  14,973  4.3  %
The Dun & Bradstreet Corporation(5) First lien senior secured loan SR + 2.25% 01/2029 7,980  7,980  7,981  2.3  %
UST Holdings, Ltd.(5) First lien senior secured loan SR + 3.00% 11/2028 3,990  3,990  4,000  1.1  %
Vertiv Group Corp.(6) First lien senior secured loan SR + 4.50% 11/2030 7,980  7,940  7,998  2.3  %
VS Buyer LLC (dba Veeam Software)(5) First lien senior secured loan SR + 2.75% 04/2031 5,975  5,975  6,013  1.7  %
111,078  111,453  31.9  %
Leisure and entertainment            
Pretzel Parent, Inc.(5) First lien senior secured loan SR + 4.50% 08/2031 3,000  2,956  3,019  0.9  %
2,956  3,019  0.9  %
Manufacturing            
ALLIANCE LAUNDRY SYSTEMS LLC(5) First lien senior secured loan SR + 3.50% 08/2031 7,500  7,464  7,541  2.2  %
Chariot Buyer LLC(5) First lien senior secured loan SR + 3.25% 11/2028 2,487  2,481  2,499  0.7  %
Crown Equipment Corporation(5) First lien senior secured loan SR + 2.50% 10/2031 2,591  2,578  2,604  0.7  %
DXP Enterprises, Inc.(6) First lien senior secured loan SR + 3.75% 10/2030 5,985  5,985  6,047  1.7  %
Engineered Machinery Holdings, Inc. (dba Duravant)(6) First lien senior secured loan SR + 3.75% 05/2028 23,938  24,064  24,072  6.9  %
Gloves Buyer, Inc. (dba Protective Industrial Products)(5)(8) First lien senior secured loan SR + 4.00% 12/2027 14,575  14,559  14,575  4.2  %
Pro Mach Group, Inc.(5) First lien senior secured loan SR + 3.50% 08/2028 15,960  16,044  16,077  4.6  %
73,175  73,415  21.0  %
Professional services            
Apex Group Treasury LLC(7) First lien senior secured loan SR + 3.75% 07/2028 23,938  24,026  24,139  6.9  %
First Advantage Holdings, LLC(5) First lien senior secured loan SR + 3.25% 10/2031 4,000  3,980  4,039  1.2  %
Skopima Merger Sub Inc.(6) First lien senior secured loan SR + 3.75% 05/2028 11,062  11,062  11,090  3.2  %
Sovos Compliance, LLC(5) First lien senior secured loan SR + 4.50% 08/2028 23,471  23,547  23,612  6.8  %
Vistage International, Inc.(6) First lien senior secured loan SR + 4.75% 07/2029 9,899  9,921  9,893  2.8  %
72,536  72,773  20.9  %
13
Blue Owl Credit SLF LLC
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands)

Company(1)(3)(4) Investment Interest Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(9)
Telecommunications            
Charter Communications Operating LLC(6) First lien senior secured loan SR + 2.25% 12/2031 8,000  7,980  7,977  2.3  %
Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6) First lien senior secured loan SR + 2.75% 11/2027 1,995  1,990  1,996  0.6  %
9,970  9,973  2.9  %
Transportation            
AIT Worldwide Logistics Holdings, Inc.(6) First lien senior secured loan SR + 4.75% 04/2030 8,000  7,976  8,048  2.3  %
7,976  8,048  2.3  %
Total Misc.-debt commitments(10) —  (6) —  —  %
Total Debt Investments $ 1,162,056  $ 1,164,473  333.8  %
Total Investments $ 1,162,056  $ 1,164,473  333.8  %



(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, 2024 was 4.33%.
(6) The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2024 was 4.31%.
(7) The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2024 was 4.25%.
(8) Level 3 investment.
(9) Totals presented may differ than actuals due to rounding.
(10) Position or portion thereof is an unfunded loan commitment. See below for more information on the Company’s unfunded commitments.


Unfunded Commitments as of December 31, 2024:
Unfunded
Portfolio Company Commitment Type Commitment Expiration Date Funded
Commitment		 Commitment Fair Value
Focus Financial Partners, LLC First lien senior secured delayed draw term loan 09/2026 $ —  $ 776  — 
Grant Thornton Advisors LLC First lien senior secured delayed draw term loan 07/2026 —  217  — 
Raven Acquisition Holdings, LLC First lien senior secured delayed draw term loan 10/2026 —  800  — 
Signia Aerospace, LLC First lien senior secured delayed draw term loan 11/2026 —  615  — 
Total Portfolio Company Commitments —  $ 2,408  — 
14
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, Blue Owl Capital Corporation II, Blue Owl Credit Income Corp., Blue Owl Technology Finance Corp., 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, 2025. 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 Blue Owl Capital Corporation (“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 Blue Owl Technology Finance Corp. (“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, 2025 and December 31, 2024, respectively:

June 30, 2025 December 31, 2024
($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value
First-lien senior secured debt investments $ 1,793,822  $ 1,790,366  $ 1,162,056  $ 1,164,473 
Total Investments $ 1,793,822  $ 1,790,366  $ 1,162,056  $ 1,164,473 




















15
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, 2025 and December 31, 2024, respectively:
June 30, 2025 December 31, 2024
Advertising and media 0.3  % —  %
Aerospace and defense 5.9  5.9 
Automotive services 1.2  1.6 
Buildings and real estate 2.6  3.2 
Business services 6.9  7.5 
Chemicals 3.1  2.4 
Consumer products 0.6  — 
Containers and packaging 4.9  2.5 
Distribution 4.5  6.1 
Education 1.9  2.8 
Energy equipment and services 1.5  1.6 
Financial services 8.7  5.5 
Food and beverage 5.0  3.8 
Healthcare equipment and services 3.3  4.9 
Healthcare providers and services 5.8  7.6 
Healthcare technology 7.7  11.9 
Household products 0.2  — 
Human resource support services 0.9  0.5 
Infrastructure and environmental services 0.8  0.5 
Insurance 10.0  7.7 
Internet software and services 10.7  9.6 
Investment funds and vehicles —  — 
Leisure and entertainment 0.6  0.3 
Manufacturing 6.1  6.3 
Pharmaceuticals 1.0  — 
Professional services 3.6  6.2 
Telecommunications 1.0  0.9 
Transportation 1.2  0.7 
Total 100.0  % 100.0  %

The table below presents the geographic composition of investments based on fair value as of June 30, 2025 and December 31, 2024, respectively:
June 30, 2025 December 31, 2024
United States:
Midwest 24.3  % 22.4  %
Northeast 18.9  21.5 
South 28.1  29.3 
West 15.7  17.1 
International 13.0  9.7 
Total 100.0  % 100.0  %
16
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)

Investments
The table below presents the fair value hierarchy of investments as of June 30, 2025 and December 31, 2024 respectively:
Fair Value Hierarchy as of June 30, 2025
($ in thousands) Level 1 Level 2 Level 3 Total
First-lien senior secured debt investments $ —  $ 1,586,135  $ 204,231  $ 1,790,366 
Total Investments $ —  $ 1,586,135  $ 204,231  $ 1,790,366 

Fair Value Hierarchy as of December 31, 2024
($ in thousands) Level 1 Level 2 Level 3 Total
First-lien senior secured debt investments $ —  $ 1,027,652  $ 136,821  $ 1,164,473 
Total Investments $ —  $ 1,027,652  $ 136,821  $ 1,164,473 

Debt Activity

Bank of America Facility
On June 12, 2024, 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 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, 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 BOC SLF BA-2 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 BOC SLF BA-2 Ltd. As of June 30, 2025, there was $75.3 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 $0.3 million of unused commitment fee as of June 30, 2025.
RBC Facility
On June 5, 2024, 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 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 June 16, 2025, BOC SLF RB-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as co-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, 2025, there was $253.5 million outstanding under the RBC Facility.
Borrowings under the RBC Facility bear interest at a per annum rate equal to SOFR +1.55%.
17
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Citibank Facility
On June 28, 2024, 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 $270.0 million as of June 30, 2025 respectively. The Company acts as the collateral manager and the first loss provider with respect to the Citibank Facility. Proceeds from the Citibank Facility 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 July 23, 2025, 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 July 23, 2025, in connection with the Wise CLO 2025-4 Transaction, certain of the assets held by WISE CLO 2025-3 LTD. were transferred via a master participation agreement to BOC SLF C-2 Ltd. As of June 30, 2025, there was $253.5 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, SOFR + 1.40% and (ii) after the end of the Reinvestment Period, 1.90%.
Wells Fargo Facility
On August 1, 2024, 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”) with, among others, and Wells Fargo Bank, National Association, as a lender and administrative agent, following the release of the prior borrower, ORCIC JV WH III LLC, a Delaware limited liability company, from the Wells Fargo Facility on July 11, 2024. 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 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, BOC SLF WF-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined 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 BOC SLF WH 4 LTD. were transferred via a master participation agreement to BOC SLF WF-2 LTD. As of June 30, 2025, there was $69.3 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%. Credit SLF also pays unused commitment fees at 0.375% of unused facility amount after the six-month anniversary of the most recent securitization.
Wise CLO 2025-1
On June 12, 2024, 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 April 15, 2024, 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 US 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.



18
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
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, 2025, 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, 2025 and December 31, 2024 respectively:
June 30, 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  $ —  $ 2,085  $ 317,917 
WISE CLO 2025-2 LTD.(3)
320,000  319,160  —  1,839  317,321 
Bank of America Facility 300,000  75,344  63,055  357  74,987 
RBC Facility 300,000  253,546  78,310  348  253,198 
Citibank Facility(2)
270,000  253,500  16,500  276  253,224 
Wells Fargo Facility 300,000  69,304  59,981  330  68,974 
Total Debt $ 1,810,000  $ 1,290,854  $ 217,846  $ 5,235  $ 1,285,621 

(1) The amount available reflects any collateral related limitations at the Company level related to each credit facility’s borrowing base.
(2) The commitment of the Citibank Facility is up to $300.0 million, and is $270.0 million as of June 30, 2025.
(3) Class B and Class C notes were traded at 99% at close of the WISE CLO 2025-2 LTD.
December 31, 2024
($ in thousands) Aggregate Principal Committed Outstanding Principal
Amount Available(1)
Unamortized Debt Issuance Costs Net Carrying Value
Bank of America Facility $ 300,000  $ 194,919  $ 28,016  $ 448  $ 194,471 
RBC Facility 300,000  194,870  28,065  371  194,499 
Citibank Facility(2)
215,000  194,401  20,599  344  194,057 
Wells Fargo Facility 300,000  167,992  31,513  409  167,583 
Total Debt $ 1,115,000  $ 752,182  $ 108,193  $ 1,572  $ 750,610 

(1) The amount available reflects any collateral related limitations at the Company level related to each credit facility’s borrowing base.
(2) The commitment of the Citibank Facility is up to $300.0 million, and was $215.0 million as of December 31, 2024.

19
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
The table below presents the components of interest expense for the following period:
For the Three Months Ended June 30, For the Six Months Ended June 30,
($ in thousands) 2025 2025
Interest expense $ 17,708  $ 30,615 
Amortization of debt issuance costs 209  351 
Total Interest Expense $ 17,917  $ 30,966 
Average interest rate(1)
5.7  % 5.8  %
Average daily outstanding borrowings $ 1,219,130  $ 1,047,129 

(1) Averages are calculated based on annualized amounts.


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Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Subsequent Events

The Company’s Members evaluated subsequent events prior to the date on which the subsequent financial statements were issued. There are no subsequent events to disclose except for the following:

On July 24, 2025, a portion of the proceeds from the Wise CLO 2025-3 CLO 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 April 10, 2024, WISE CLO 2025-3 LTD. (fka “BOC SLF WH II RB LTD.”) was incorporated as a company under the laws of the Cayman Islands. Subsequent to quarter-end, 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, $37.0 million of Class B-1 Notes, $15.0 million of Class B-2 Notes, $26.0 million of Class C Notes, and $90.5 million of Subordinated Notes pursuant to an Indenture to be 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 trustee. The notes issued as part of the Wise CLO 2025-3 Transaction have a stated maturity of July 20, 2038.


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