Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

November 5, 2025

Documents











Blue Owl Credit SLF LLC

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
























Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)

Consolidated Statement of Assets and Liabilities
(Amounts in thousands)

September 30, 2025
December 31, 2024 (1)
Assets
Investments at fair value (amortized cost of $2,155,658 and $1,162,056, respectively)
 $ 2,149,879  $ 1,164,473 
Cash 153,889  17,354 
Due from investors —  24 
Receivable due on investments sold 12,755  11,365 
Interest receivable 5,756  3,151 
Total Assets $ 2,322,279  $ 1,196,367 
Liabilities
Debt (net of unamortized debt issuance costs of $8,785 and $1,572, respectively)
 $ 1,567,440  $ 750,610 
Payable for investments purchased 170,569  85,750 
Interest payable 26,760  4,190 
Distribution payable 15,670  6,451 
Accrued expenses and other liabilities 1,219  555 
Total Liabilities 1,781,658  847,556 
Members’ Equity
Total Members’ Equity - Class A 540,621  348,811 
Total Members’ Equity - Class B —  — 
Total Members' Equity 540,621  348,811 
Total Liabilities and Members’ Equity $ 2,322,279  $ 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 September 30,
For the Nine Months Ended September 30,
2025 2024 2025
2024 (1)
Investment Income
Investment Income $ 38,037  $ 556  $ 93,154  $ 556 
Total Investment Income 38,037  556  93,154  556 
Operating Expenses
Interest expense 21,722  458  52,689  528 
Professional fees (2)
629  144  1,802  144 
Total Operating Expenses 22,351  602  54,491  672 
Net Investment Income (Loss) $ 15,686  $ (46) $ 38,663  $ (116)
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss) on investments (2,322) 96  (8,196) 96 
Net realized gain (loss) on investments (23) 8  (933) 8 
Total Net Realized and Change in Unrealized Gain (Loss) on Investments (2,345) 104  (9,129) 104 
Net Increase (Decrease) in Members' Equity Resulting from Operations $ 13,341  $ 58  $ 29,534  $ (12)
Total Net Increase (Decrease) in Members’ Equity Resulting from Operations - Class A $ 13,341  $ 58  $ 29,534  $ (12)

(1) The Company’s date of inception was May 6, 2024.
(2) As a result of changes in presentations, certain prior year amounts have been reclassified to conform to the current presentation. These reclassifications had no effect on the reported results of operations.
2
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 30, 2025
(Amounts in thousands)

Interest
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(10)
Debt Investments
Advertising and media
Outfront Media Capital LLC(6) First lien senior secured loan S + 2.00% —% 09/2032 $ 3,900  $ 3,895  $ 3,897 
Project Boost Purchaser, LLC (dba J.D. Power)(6) First lien senior secured loan S + 2.75% —% 07/2031 19,253  19,259  19,193 
23,154  23,090  4.3  %
Aerospace and defense
Amentum Government Services Holdings LLC(5) First lien senior secured loan S + 2.25% —% 09/2031 3,419  3,412  3,415 
American Airlines, Inc.(6) First lien senior secured loan S + 1.75% —% 01/2027 658  656  655 
American Airlines, Inc.(6) First lien senior secured loan S + 2.25% —% 02/2028 360  356  359 
American Airlines, Inc.(6) First lien senior secured loan S + 3.25% —% 05/2032 3,815  3,777  3,829 
Arcline FM Holdings LLC(6) First lien senior secured loan S + 2.75% —% 06/2030 750  749  749 
Arcline FM Holdings LLC(7) First lien senior secured loan S + 3.50% —% 06/2030 5,875  5,875  5,870 
Avolon TLB Borrower 1 (US) LLC(5) First lien senior secured loan S + 1.75% —% 06/2030 11,344  11,338  11,346 
Bleriot US Bidco Inc.(6) First lien senior secured loan S + 2.50% —% 10/2030 23,760  23,760  23,753 
Brown Group Holdings, LLC(5) First lien senior secured loan S + 2.50% —% 07/2031 499  499  499 
Brown Group Holdings, LLC(5) First lien senior secured loan S + 2.75% —% 07/2031 10,008  9,990  10,023 
Dynasty Acquisition Co., Inc. (dba StandardAero Limited)(5) First lien senior secured loan S + 2.00% —% 10/2031 10,421  10,415  10,421 
Kaman Corporation(6) First lien senior secured loan S + 2.50% —% 02/2032 10,914  10,903  10,872 
KBR, Inc(5) First lien senior secured loan S + 2.00% —% 01/2031 992  995  993 
Signia Aerospace LLC(5) First lien senior secured loan S + 2.75% —% 12/2031 12,339  12,339  12,339 
Transdigm Inc.(6) First lien senior secured loan S + 2.25% —% 03/2030 497  497  497 
Transdigm Inc.(6) First lien senior secured loan S + 2.50% —% 01/2032 9,900  9,880  9,893 
Transdigm Inc.(6) First lien senior secured loan S + 2.50% —% 08/2032 9,613  9,589  9,601 
United Airlines, Inc.(6) First lien senior secured loan S + 2.00% —% 02/2031 992  993  994 
116,023  116,108  21.5  %
Automotive services
Belron Finance US LLC(6) First lien senior secured loan S + 2.50% —% 10/2031 7,920  7,920  7,955 
Mavis Tire Express Services Topco Corp.(6) First lien senior secured loan S + 3.00% —% 05/2028 2,852  2,852  2,851 
Mister Car Wash Holdings, Inc.(5) First lien senior secured loan S + 2.50% —% 03/2031 709  709  709 
VALVOLINE INC(6) First lien senior secured loan S + 2.00% —% 03/2032 3,419  3,402  3,429 
Wand Newco 3, Inc. (dba Caliber )(5) First lien senior secured loan S + 2.50% —% 01/2031 4,754  4,754  4,735 
19,637  19,679  3.6  %
Buildings and real estate
American Residential Services, LLC(6) First lien senior secured loan S + 2.75% —% 02/2032 4,930  4,923  4,908 
ARCOSA INC(5) First lien senior secured loan S + 2.00% —% 10/2031 2,556  2,556  2,567 
Beacon Roofing Supply, Inc. (dba QXO)(5) First lien senior secured loan S + 3.00% —% 04/2032 3,360  3,327  3,385 
Construction Partners, Inc.(5) First lien senior secured loan S + 2.50% —% 11/2031 1,985  1,981  1,989 
Cushman & Wakefield U.S. Borrower, LLC(5) First lien senior secured loan S + 2.75% —% 01/2030 475  475  476 
Hunter Douglas Inc(6) First lien senior secured loan S + 3.25% —% 01/2032 2,759  2,731  2,759 
Knife River Corporation(6) First lien senior secured loan S + 2.00% —% 03/2032 1,331  1,327  1,332 
MIWD Holdco II LLC(5) First lien senior secured loan S + 2.75% —% 03/2031 2,785  2,785  2,793 
Park River Holdings, Inc(6) First lien senior secured loan S + 4.50% —% 03/2031 10,426  10,270  10,424 
Quikrete Holdings, Inc.(5) First lien senior secured loan S + 2.25% —% 03/2029 496  493  497 
Quikrete Holdings, Inc.(5) First lien senior secured loan S + 2.25% —% 02/2032 7,405  7,392  7,400 
3
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 30, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(10)
Starwood Property Mortgage, L.L.C(6) First lien senior secured loan S + 1.75% —% 11/2027 1,789  1,785  1,785 
Starwood Property Mortgage, L.L.C(5) First lien senior secured loan S + 2.25% —% 09/2032 3,878  3,873  3,880 
43,918  44,195  8.1  %
Business services
Boxer Parent Company Inc. (f/k/a BMC)(6) First lien senior secured loan S + 3.00% —% 07/2031 18,797  18,633  18,756 
BrightView Landscapes, LLC(6) First lien senior secured loan S + 2.00% —% 04/2029 4,500  4,509  4,482 
CCC Intelligent Solutions Inc(5) First lien senior secured loan S + 2.00% —% 01/2032 761  761  760 
CE Intermediate I, LLC (dba Clubessential)(6) First lien senior secured loan S + 3.00% —% 02/2032 2,729  2,730  2,730 
ConnectWise, LLC(6) First lien senior secured loan S + 3.50% —% 09/2028 17,848  17,858  17,868 
CoolSys, Inc.(6) First lien senior secured loan S + 4.75% —% 08/2028 14,846  14,671  13,084 
IDEMIA Group SAS(6) First lien senior secured loan S + 4.25% —% 09/2028 2,781  2,802  2,778 
IGT Holding IV AB (dba IFS)(6) First lien senior secured loan S + 3.50% —% 04/2032 1,290  1,290  1,297 
Kaseya Inc.(5) First lien senior secured loan S + 3.25% —% 03/2032 7,611  7,576  7,617 
Madison Safety & Flow LLC(5) First lien senior secured loan S + 2.75% —% 09/2031 2,068  2,068  2,069 
MKS Instruments, Inc.(5) First lien senior secured loan S + 2.00% —% 08/2029 227  228  227 
NVENT ELEC PUB LTD CO (dba Nvent Thermal LLC)(5) First lien senior secured loan S + 3.00% —% 01/2032 14,000  13,937  14,048 
PINNACLE BUYER, LLC(6) First lien senior secured loan S + 2.50% —% 09/2032 17,271  17,228  17,293 
Plano HoldCo, Inc. (dba Perficient)(6)(9) First lien senior secured loan S + 3.50% —% 10/2031 5,970  5,948  5,821 
Plusgrade Inc.(6)(9) First lien senior secured loan S + 3.50% —% 03/2031 9,283  9,283  9,283 
Red Planet Borrower, LLC (dba Liftoff Mobile)(5) First lien senior secured loan S + 4.00% —% 08/2032 16,232  16,072  15,774 
Shift4 Payments, LLC(6) First lien senior secured loan S + 2.75% —% 06/2032 8,632  8,612  8,693 
Tecta America Corp.(5) First lien senior secured loan S + 3.00% —% 02/2032 9,564  9,541  9,591 
Vestis Corp(6) First lien senior secured loan S + 2.25% —% 02/2031 1,026  985  963 
VM Consolidated, Inc.(5) First lien senior secured loan S + 2.25% —% 03/2028 2,039  2,044  2,041 
XPLOR T1, LLC(6)(9) First lien senior secured loan S + 3.50% —% 06/2031 9,900  9,900  9,875 
166,676  165,050  30.4  %
Chemicals
Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(5) First lien senior secured loan S + 4.00% —% 11/2027 17,377  17,377  16,864 
Axalta Coating Systems US Holdings INC(6) First lien senior secured loan S + 1.75% —% 12/2029 987  990  990 
Derby Buyer LLC (dba Delrin)(5) First lien senior secured loan S + 3.00% —% 11/2030 9,851  9,850  9,860 
Entegris, Inc.(6) First lien senior secured loan S + 1.75% —% 07/2029 800  802  805 
FORMULATIONS PARENT CORPORATION (dba Chase Corporation)(6)(9) First lien senior secured loan S + 4.00% —% 04/2032 2,359  2,337  2,365 
Ineos US Finance LLC(5) First lien senior secured loan S + 3.25% —% 02/2030 3,970  3,894  3,583 
Nouryon Finance B.V.(5) First lien senior secured loan S + 3.25% —% 04/2028 6,936  6,886  6,940 
Potters(5) First lien senior secured loan S + 3.00% —% 12/2027 4,471  4,481  4,482 
Windsor Holdings III LLC(5) First lien senior secured loan S + 2.75% —% 08/2030 6,960  6,769  6,960 
53,386  52,849  9.7  %
Consumer products
ACP Tara Holdings, Inc. (dba Arcadia)(5)(9) First lien senior secured loan S + 3.25% —% 09/2032 15,554  15,515  15,515 
ASGN Incorporated(5) First lien senior secured loan S + 1.75% —% 08/2030 496  501  498 
BEP Intermediate Holdco, LLC (dba Buyers Edge Platform)(5) First lien senior secured loan S + 2.75% —% 04/2031 7,350  7,350  7,364 
HomeServe USA Holding Corp.(5) First lien senior secured loan S + 2.00% —% 10/2030 3,985  3,971  3,972 
Novelis Inc(6) First lien senior secured loan S + 1.75% —% 03/2032 4,621  4,621  4,628 
31,958  31,977  6.0  %
4
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 30, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(10)
Containers and packaging
Anchor Packaging, LLC(5) First lien senior secured loan S + 3.25% —% 07/2029 6,962  6,922  6,995 
Berlin Packaging(5) First lien senior secured loan S + 3.25% —% 06/2031 6,979  6,962  6,996 
Charter NEX US, Inc.(5) First lien senior secured loan S + 2.75% —% 11/2030 4,227  4,189  4,239 
Clydesdale Acquisition Holdings, Inc. (dba Novolex)(5) First lien senior secured loan S + 3.25% —% 03/2032 14,233  14,132  14,207 
Plastipak Holdings Inc(6) First lien senior secured loan S + 2.50% —% 09/2032 22,564  22,451  22,550 
Pregis Topco LLC(5) First lien senior secured loan S + 4.00% —% 02/2029 4,873  4,863  4,904 
ProAmpac PG Borrower LLC(6) First lien senior secured loan S + 4.00% —% 09/2028 8,215  8,199  8,234 
Ring Container Technologies Group, LLC(6) First lien senior secured loan S + 2.50% —% 09/2032 17,120  17,077  17,086 
SupplyOne, Inc.(5) First lien senior secured loan S + 3.50% —% 04/2031 13,210  13,210  13,254 
Tricorbraun Holdings, Inc.(5) First lien senior secured loan S + 3.25% —% 03/2028 20,713  20,534  20,593 
118,539  119,058  22.1  %
Distribution
AI Aqua Merger Sub, Inc. (dba Culligan)(5) First lien senior secured loan S + 3.00% —% 07/2028 11,747  11,614  11,768 
Avient Corporation(6) First lien senior secured loan S + 1.75% —% 08/2029 3,681  3,698  3,692 
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) First lien senior secured loan S + 3.25% —% 12/2030 17,865  17,865  17,829 
Dealer Tire Financial, LLC(5) First lien senior secured loan S + 3.00% —% 07/2031 21,977  21,976  21,849 
Foundation Building Materials, Inc.(6) First lien senior secured loan S + 3.25% —% 01/2028 3,021  2,936  3,022 
Foundation Building Materials, Inc.(6) First lien senior secured loan S + 4.00% —% 01/2031 4,082  4,043  4,087 
Foundation Building Materials, Inc.(8) First lien senior secured loan S + 4.25% —% 01/2031 2,779  2,698  2,790 
Paint Intermediate III LLC (dba Wesco Group)(6) First lien senior secured loan S + 3.00% —% 10/2031 11,940  11,888  11,910 
White Cap Supply Holdings, LLC(5) First lien senior secured loan S + 3.25% —% 10/2029 2,904  2,893  2,904 
79,611  79,851  14.8  %
Education
Ellucian Holdings Inc. (f/k/a Sophia, L.P.)(5) First lien senior secured loan S + 2.75% —% 10/2029 16,144  16,144  16,135 
Renaissance Learning, Inc.(5) First lien senior secured loan S + 4.00% —% 04/2030 5,150  4,980  4,447 
Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)(6) First lien senior secured loan S + 3.25% —% 10/2030 13,882  13,882  13,914 
35,006  34,496  6.4  %
Energy equipment and services
AZZ Inc.(5) First lien senior secured loan S + 1.75% —% 05/2029 3,014  3,029  3,023 
Brookfield WEC Holdings Inc.(5) First lien senior secured loan S + 2.25% —% 01/2031 4,055  4,055  4,056 
Calpine Construction Finance Company(5) First lien senior secured loan S + 2.00% —% 07/2030 3,000  2,988  3,000 
Calpine Corporation(5) First lien senior secured loan S + 1.75% —% 01/2031 1,500  1,499  1,498 
Calpine Corporation(5) First lien senior secured loan S + 1.75% —% 02/2032 4,000  3,989  3,995 
Centuri Group Inc(5) First lien senior secured loan S + 2.25% —% 07/2032 6,267  6,252  6,285 
Fleet U.S. Bidco Inc.(7)(9) First lien senior secured loan S + 2.50% —% 02/2031 8,417  8,419  8,417 
Pike Corp.(5) First lien senior secured loan S + 3.00% —% 01/2028 5,370  5,404  5,396 
35,635  35,670  6.8  %
Financial services
AllSpring Buyer(6) First lien senior secured loan S + 2.75% —% 11/2030 1,915  1,910  1,917 
Ascensus Holdings, Inc.(5) First lien senior secured loan S + 3.00% —% 08/2028 3,995  3,999  3,989 
BCPE Pequod Buyer, Inc. (dba Envestnet)(5) First lien senior secured loan S + 3.00% —% 11/2031 14,773  14,773  14,793 
Boost Newco Borrower, LLC (dba WorldPay)(6) First lien senior secured loan S + 2.00% —% 01/2031 6,965  6,848  6,968 
Chrysaor Bidco s.à r.l. (dba AlterDomus)(6) First lien senior secured loan S + 3.00% —% 05/2031 3,239  3,235  3,251 
Citadel Securities, LP(5) First lien senior secured loan S + 2.00% —% 10/2031 7,217  7,217  7,228 
Citco Funding LLC(7) First lien senior secured loan S + 2.75% —% 04/2028 1,985  1,994  1,989 
5
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 30, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(10)
Citrin Cooperman Advisors LLC(6) First lien senior secured loan S + 3.00% —% 04/2032 4,517  4,495  4,493 
Cohnreznick Advisory LLC(6) First lien senior secured loan S + 3.50% —% 03/2032 5,981  5,957  5,985 
Creative Planning, LLC(5) First lien senior secured loan S + 2.00% —% 05/2031 4,747  4,712  4,741 
First Eagle Holdings, Inc.(6) First lien senior secured loan S + 3.50% —% 06/2032 9,144  8,998  9,046 
Focus Financial Partners, LLC(5) First lien senior secured loan S + 2.75% —% 09/2031 16,104  16,048  16,105 
Grant Thornton Advisors LLC(5) First lien senior secured loan S + 2.50% —% 06/2031 3,290  3,269  3,268 
Grant Thornton Advisors LLC(5) First lien senior secured loan S + 3.00% —% 06/2031 2,251  2,224  2,246 
Guggenheim Partners Investment Management Holdings, LLC(6) First lien senior secured loan S + 2.50% —% 11/2031 5,955  5,943  5,972 
Kestra Advisor Services Holdings A Inc(5) First lien senior secured loan S + 3.00% —% 03/2031 3,639  3,639  3,640 
MARINER WEALTH ADVISORS, LLC(6) First lien senior secured loan S + 2.50% —% 12/2030 4,904  4,892  4,911 
OneDigital Borrower LLC(5) First lien senior secured loan S + 3.00% —% 07/2031 10,513  10,513  10,501 
Orion Advisor Solutions Inc(6) First lien senior secured loan S + 3.25% —% 09/2030 7,250  7,250  7,262 
Orion US Finco Inc. (dba OSTTRA)(5) First lien senior secured loan S + 3.50% —% 05/2032 3,095  3,080  3,111 
PPI Holding US INC. (dba Nuvei)(5) First lien senior secured loan S + 2.75% —% 11/2031 15,503  15,503  15,496 
Pushpay USA Inc(7)(9) First lien senior secured loan S + 3.75% —% 08/2031 5,772  5,772  5,787 
Saphilux S.a.r.L. (dba IQ-EQ)(6) First lien senior secured loan S + 3.00% —% 07/2028 19,523  19,523  19,578 
TMF Sapphire Bidco B.V.(6) First lien senior secured loan S + 2.75% —% 05/2028 2,237  2,234  2,233 
Victory Capital Holdings Inc(6) First lien senior secured loan S + 2.00% —% 09/2032 7,107  7,098  7,094 
171,126  171,604  31.7  %
Food and beverage
1011778 BC / NEW RED FIN (dba Restaurant Brands)(5) First lien senior secured loan S + 1.75% —% 09/2030 1,987  1,979  1,979 
Aramark Services, Inc.(5) First lien senior secured loan S + 2.00% —% 06/2030 5,981  5,981  5,987 
Aspire Bakeries Holdings, LLC(5) First lien senior secured loan S + 3.50% —% 12/2030 4,219  4,219  4,231 
Balrog Acquisition, Inc. (dba Bakemark)(5) First lien senior secured loan S + 4.00% —% 09/2028 15,090  15,126  14,411 
Fiesta Purchaser, Inc. (dba Shearer's Foods)(5) First lien senior secured loan S + 2.75% —% 02/2031 14,324  14,324  14,287 
FRONERI US INC(7) First lien senior secured loan S + 2.00% —% 09/2031 3,980  3,971  3,948 
FRONERI US INC(6) First lien senior secured loan S + 2.50% —% 08/2032 14,416  14,380  14,377 
IRB Holding Corp (dba Inspire Brands, Inc.)(5) First lien senior secured loan S + 2.50% —% 12/2027 4,195  4,165  4,196 
Pegasus BidCo B.V.(6) First lien senior secured loan S + 2.75% —% 07/2029 7,456  7,456  7,475 
Red SPV, LLC(5) First lien senior secured loan S + 2.25% —% 03/2032 9,500  9,455  9,478 
Savor Acquisition, Inc. (dba Sauer Brands)(5) First lien senior secured loan S + 3.00% —% 02/2032 5,244  5,224  5,272 
Simply Good Foods USA, Inc.(5) First lien senior secured loan S + 2.00% —% 03/2027 4,148  4,176  4,154 
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 7,380  7,343  7,384 
100,349  99,728  18.7  %
Healthcare equipment and services
Agiliti Health(6) First lien senior secured loan S + 3.00% —% 05/2030 992  965  949 
Azalea TopCo, Inc. (dba Press Ganey)(5) First lien senior secured loan S + 3.00% —% 04/2031 7,373  7,383  7,350 
Confluent Medical Technologies, Inc.(6)(9) First lien senior secured loan S + 3.00% —% 02/2029 9,739  9,739  9,787 
Curium BidCo S.A.R.L (dba Curium Pharma)(6) First lien senior secured loan S + 3.00% —% 08/2031 10,465  10,420  10,453 
Global Medical Response, Inc(5) First lien senior secured loan S + 3.50% —% 10/2032 12,642  12,611  12,644 
Medline Borrower, LP(5) First lien senior secured loan S + 2.00% —% 10/2030 17,771  17,750  17,760 
Resonetics, LLC(6) First lien senior secured loan S + 2.75% —% 06/2031 18,005  18,005  17,979 
Sharp Services LLC(6)(9) First lien senior secured loan S + 3.00% —% 09/2032 2,217  2,206  2,217 
Zest Acquisition Corp.(6)(9) First lien senior secured loan S + 5.25% —% 02/2028 992  999  995 
80,078  80,134  14.8  %
6
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 30, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(10)
Healthcare providers and services
CHG Healthcare Services, Inc.(6) First lien senior secured loan S + 2.75% —% 09/2028 3,224  3,225  3,224 
CHG PPC Parent LLC(5) First lien senior secured loan S + 3.00% —% 12/2028 4,204  4,192  4,206 
Concentra(5) First lien senior secured loan S + 2.00% —% 07/2031 1,493  1,499  1,497 
Confluent Health, LLC(5)(9) First lien senior secured loan S + 4.00% —% 11/2028 13,382  13,194  12,512 
Covetrus, Inc.(6) First lien senior secured loan S + 5.00% —% 10/2029 16,017  15,379  14,255 
Electron Bidco Inc (dba ExamWorks)(5) First lien senior secured loan S + 2.75% —% 11/2028 1,990  1,990  1,993 
Inizio Group Limited (dba UDG Healthcare)(6)(9) First lien senior secured loan S + 4.25% —% 08/2028 3,300  3,246  3,275 
LSCS Holdings, Inc.(6) First lien senior secured loan S + 4.50% —% 03/2032 12,931  12,867  12,710 
Onex TSG Intermediate Corp.(6) First lien senior secured loan S + 3.75% —% 08/2032 7,263  7,227  7,294 
Option Care Health, Inc(5) First lien senior secured loan S + 1.75% —% 09/2032 3,113  3,105  3,108 
Pacific Dental Services, LLC(5) First lien senior secured loan S + 2.50% —% 03/2031 4,780  4,780  4,774 
Phoenix Guarantor Inc(5) First lien senior secured loan S + 2.50% —% 02/2031 744  744  744 
Phoenix Newco, Inc. (dba Parexel)(5) First lien senior secured loan S + 2.50% —% 11/2028 22,265  22,262  22,277 
Select Medical Corp.(5) First lien senior secured loan S + 2.00% —% 12/2031 3,574  3,572  3,576 
Soliant Lower Intermediate, LLC (dba Soliant)(7) First lien senior secured loan S + 3.75% —% 07/2031 9,587  9,655  9,060 
Surgery Center Holdings, Inc.(5) First lien senior secured loan S + 2.50% —% 12/2030 3,673  3,664  3,674 
WCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(5) First lien senior secured loan S + 3.00% —% 02/2032 7,477  7,443  7,411 
118,044  115,590  21.5  %
Healthcare technology
Athenahealth Group Inc.(5) First lien senior secured loan S + 2.75% —% 02/2029 12,335  12,330  12,304 
Bracket Intermediate Holding Corp.(5) First lien senior secured loan S + 4.25% —% 05/2028 19,443  19,443  19,532 
Certara(6) First lien senior secured loan S + 3.00% —% 06/2031 496  498  497 
Cotiviti, Inc.(5) First lien senior secured loan S + 2.75% —% 03/2032 4,452  4,409  4,366 
Cotiviti, Inc.(5) First lien senior secured loan S + 2.75% —% 05/2031 5,481  5,443  5,379 
Ensemble RCM, LLC(6) First lien senior secured loan S + 3.00% —% 08/2029 12,305  12,288  12,331 
Imprivata, Inc.(6) First lien senior secured loan S + 3.00% —% 12/2027 15,052  15,075  15,103 
IQVIA, Inc.(6) First lien senior secured loan S + 1.75% —% 01/2031 1,990  1,999  1,999 
PointClickCare Technologies, Inc.(6) First lien senior secured loan S + 2.75% —% 11/2031 19,919  19,919  19,930 
Project Ruby Ultimate Parent Corp. (dba Wellsky)(5) First lien senior secured loan S + 2.75% —% 03/2028 19,612  19,612  19,616 
Radnet Management, Inc.(6) First lien senior secured loan S + 2.25% —% 04/2031 997  1,001  997 
Raven Acquisition Holdings, LLC (dba R1 RCM)(5) First lien senior secured loan S + 3.00% —% 11/2031 9,279  9,240  9,273 
Southern Veterinary Partners, LLC(6) First lien senior secured loan S + 2.50% —% 12/2031 27,257  27,257  27,194 
Waystar Technologies, Inc. (F/K/A Navicure, Inc.)(5) First lien senior secured loan S + 2.00% —% 10/2029 4,732  4,732  4,730 
Zelis Cost Management Buyer, Inc.(5) First lien senior secured loan S + 3.25% —% 11/2031 11,488  11,440  11,483 
164,686  164,734  30.5  %
Household products
Energizer Holdings, Inc.(5) First lien senior secured loan S + 2.00% —% 03/2032 998  995  997 
Samsonite International S.A.(5) First lien senior secured loan S + 2.00% —% 06/2030 2,980  2,991  2,982 
3,986  3,979  0.8  %
Human resource support services
AQ Carver Buyer, Inc. (dba CoAdvantage)(6) First lien senior secured loan S + 5.50% —% 08/2029 1,985  1,991  1,886 
iSolved, Inc.(5) First lien senior secured loan S + 2.75% —% 10/2030 16,613  16,611  16,647 
UKG Inc. (dba Ultimate Software)(6) First lien senior secured loan S + 2.50% —% 02/2031 17,399  17,399  17,376 
36,001  35,909  6.6  %
7
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 30, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(10)
Infrastructure and environmental services
ASP ACUREN HOLDINGS, INC.(5) First lien senior secured loan S + 2.75% —% 07/2031 8,479  8,479  8,485 
Clean Harbors Inc(6) First lien senior secured loan S + 1.50% —% 09/2032 3,022  3,022  3,026 
Geosyntec Consultants, Inc.(6) First lien senior secured loan S + 3.00% —% 07/2031 10,457  10,457  10,457 
GFL Environmental Services Inc.(6) First lien senior secured loan S + 2.50% —% 03/2032 5,526  5,524  5,519 
27,482  27,487  5.1  %
Insurance
Acrisure, LLC(5) First lien senior secured loan S + 3.00% —% 11/2030 7,944  7,944  7,921 
Acrisure, LLC(5) First lien senior secured loan S + 3.25% —% 11/2032 1,928  1,923  1,924 
Alera Group, Inc.(5) First lien senior secured loan S + 3.25% —% 05/2032 27,117  26,987  27,206 
Alliant Holdings Intermediate LLC(5) First lien senior secured loan S + 2.50% —% 09/2031 5,986  5,986  5,968 
AmWINS Group, Inc.(6) First lien senior secured loan S + 2.25% —% 01/2032 16,043  15,970  16,031 
Ardonagh Midco 3 PLC(6) First lien senior secured loan S + 2.75% —% 02/2031 12,645  12,614  12,572 
Asurion, LLC(5) First lien senior secured loan S + 4.25% —% 08/2028 7,732  7,708  7,754 
Broadstreet Partners, Inc.(5) First lien senior secured loan S + 2.75% —% 06/2031 12,084  12,084  12,093 
CFC USA 2025 LLC (dba CFC Insurance)(6)(9) First lien senior secured loan S + 3.75% —% 07/2032 6,419  6,356  6,114 
Hub International(6) First lien senior secured loan S + 2.25% —% 06/2030 3,486  3,486  3,490 
Hyperion Refinance S.à r.l (dba Howden Group)(5) First lien senior secured loan S + 3.50% —% 04/2030 18,736  18,778  18,719 
Hyperion Refinance S.à r.l (dba Howden Group)(5) First lien senior secured loan S + 2.75% —% 02/2031 3,524  3,524  3,523 
IMA Financial Group, Inc.(5) First lien senior secured loan S + 3.00% —% 11/2028 6,030  6,008  6,030 
Mitchell International, Inc.(5) First lien senior secured loan S + 3.25% —% 06/2031 9,900  9,855  9,885 
Ryan Specialty Group LLC(5) First lien senior secured loan S + 2.00% —% 09/2031 747  751  747 
Summit Acquisition Inc. (dba K2 Insurance Services)(5) First lien senior secured loan S + 3.50% —% 10/2031 3,747  3,747  3,758 
Trucordia Insurance Holdings, LLC(5) First lien senior secured loan S + 3.25% —% 06/2032 25,000  24,939  25,033 
Truist Insurance Holdings, LLC(6) First lien senior secured loan S + 2.75% —% 05/2031 7,673  7,670  7,661 
USI, Inc.(6) First lien senior secured loan S + 2.25% —% 09/2030 1,015  1,015  1,013 
177,345  177,442  32.7  %
Internet software and services
Avalara, Inc.(6) First lien senior secured loan S + 3.25% —% 03/2032 17,233  17,233  17,228 
Cloud Software Group, Inc.(6) First lien senior secured loan S + 3.25% —% 03/2031 4,975  4,975  4,992 
Cloud Software Group, Inc.(6) First lien senior secured loan S + 3.25% —% 08/2032 8,806  8,806  8,832 
Clover Holdings 2, LLC (dba Cohesity)(5) First lien senior secured loan S + 3.75% —% 12/2031 19,594  19,387  19,588 
Dayforce Inc(6)(9) First lien senior secured loan S + 2.00% —% 03/2031 1,985  1,986  1,985 
Delta TopCo, Inc. (dba Infoblox, Inc.)(5) First lien senior secured loan S + 2.75% —% 11/2029 21,842  21,699  21,575 
Epicor(5) First lien senior secured loan S + 2.50% —% 05/2031 744  747  745 
Gen Digital Inc(5) First lien senior secured loan S + 1.75% —% 04/2032 3,316  3,300  3,301 
Genesys Cloud Services, Inc.(5) First lien senior secured loan S + 2.50% —% 01/2032 14,159  14,127  14,055 
Informatica LLC(5) First lien senior secured loan S + 2.25% —% 10/2028 193  193  193 
Javelin Buyer, Inc. (dba JAGGAER)(6) First lien senior secured loan S + 2.75% —% 12/2031 2,736  2,736  2,732 
KnowBe4, Inc.(6) First lien senior secured loan S + 3.75% —% 07/2032 15,707  15,697  15,707 
McAfee Corp.(5) First lien senior secured loan S + 3.00% —% 03/2029 4,256  4,236  4,057 
MeridianLink, Inc.(5) First lien senior secured loan S + 2.50% —% 11/2028 2,982  2,986  2,979 
Project Alpha Intermediate Holding, Inc. (dba Qlik)(6) First lien senior secured loan S + 3.25% —% 10/2030 7,107  7,090  7,123 
Proofpoint, Inc.(5) First lien senior secured loan S + 3.00% —% 08/2028 21,435  21,331  21,491 
Quartz Acquireco, LLC (dba Qualtrics)(6) First lien senior secured loan S + 2.25% —% 06/2030 496  495  494 
8
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 30, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(10)
Sedgwick Claims Management Services, Inc.(5) First lien senior secured loan S + 2.50% —% 07/2031 22,063  22,057  22,028 
SONICWALL US Holdings, Inc.(6) First lien senior secured loan S + 5.00% —% 05/2028 2,980  2,962  2,831 
Sophos Holdings, LLC(5) First lien senior secured loan S + 3.50% —% 03/2027 11,855  11,841  11,863 
SS&C(5) First lien senior secured loan S + 2.00% —% 05/2031 2,738  2,747  2,744 
Starlight Parent, LLC (dba SolarWinds)(6) First lien senior secured loan S + 4.00% —% 03/2032 9,320  9,054  9,134 
Storable, Inc.(5) First lien senior secured loan S + 3.25% —% 04/2031 16,613  16,611  16,644 
UST Holdings, Ltd.(5)(9) First lien senior secured loan S + 3.00% —% 11/2028 5,943  5,955  5,884 
VERDE PURCHASER LLC (dba Veritiv Corp)(6) First lien senior secured loan S + 4.00% —% 11/2030 10,573  10,554  10,452 
Vertiv Group Corp.(5) First lien senior secured loan S + 1.75% —% 08/2032 4,000  4,000  4,004 
VIAVI SOLUTIONS INC(6) First lien senior secured loan S + 2.50% —% 06/2032 6,306  6,290  6,314 
VIRTUSA CORPORATION(5) First lien senior secured loan S + 3.25% —% 02/2029 2,378  2,386  2,346 
VS Buyer LLC (dba Veeam Software)(6) First lien senior secured loan S + 2.25% —% 04/2031 5,945  5,945  5,928 
Webpros Luxembourg Sarl(5) First lien senior secured loan S + 3.75% —% 03/2031 2,287  2,307  2,291 
249,733  249,540  46.1  %
Investment funds and vehicles
Grosvenor(5) First lien senior secured loan S + 2.25% —% 02/2030 547  548  547 
548  547  0.1  %
Leisure and entertainment
Cedar Fair, L.P. (dba Six Flags Entertainment Corp)(5) First lien senior secured loan S + 2.00% —% 05/2031 3,685  3,676  3,659 
Delta 2 (Lux) SARL (dba Formula One)(6) First lien senior secured loan S + 2.00% —% 09/2031 2,000  2,008  1,999 
GBT US III LLC (dba Global Business Travel Group, Inc.)(6) First lien senior secured loan S + 2.50% —% 07/2031 4,726  4,695  4,734 
WMG Acquisition Corp(6) First lien senior secured loan S + 1.75% —% 01/2031 1,000  1,002  1,001 
11,381  11,393  2.2  %
Manufacturing
ALLIANCE LAUNDRY SYSTEMS LLC(5) First lien senior secured loan S + 2.25% —% 08/2031 10,097  10,097  10,083 
Altar Bidco, Inc.(5) First lien senior secured loan S + 3.10% —% 02/2029 9,836  9,690  9,832 
Chariot Buyer LLC (dba Chamberlain Group)(5) First lien senior secured loan S + 3.00% —% 09/2032 13,756  13,755  13,761 
Columbus McKinnon Corp.(6)(9) First lien senior secured loan S + 2.50% —% 05/2028 966  968  966 
DXP Enterprises, Inc.(5) First lien senior secured loan S + 3.75% —% 10/2030 5,940  5,940  5,966 
EMRLD Borrower LP (dba Emerson)(6) First lien senior secured loan S + 2.25% —% 05/2030 11,484  11,484  11,445 
Engineered Machinery Holdings, Inc. (dba Duravant)(6) First lien senior secured loan S + 3.50% —% 05/2028 17,358  17,435  17,438 
Filtration Group Corporation(5) First lien senior secured loan S + 2.75% —% 10/2028 10,911  10,911  10,952 
Gates Global LLC(5) First lien senior secured loan S + 1.75% —% 11/2029 814  811  813 
Gloves Buyer, Inc. (dba Protective Industrial Products)(5) First lien senior secured loan S + 4.00% —% 05/2032 14,000  13,933  13,566 
Legence Holdings LLC(5) First lien senior secured loan S + 3.00% —% 12/2028 3,870  3,873  3,874 
MADISON IAQ LLC(7) First lien senior secured loan S + 2.50% —% 06/2028 809  808  810 
MADISON IAQ LLC(7) First lien senior secured loan S + 3.25% —% 04/2032 8,132  8,060  8,166 
Pro Mach Group, Inc.(5) First lien senior secured loan S + 2.75% —% 08/2028 16,378  16,324  16,399 
SPECTRIS(6)(9) First lien senior secured loan S + 2.75% —% 09/2032 13,265  13,232  13,232 
Watlow Electric Manufacturing Company(6) First lien senior secured loan S + 3.00% —% 03/2028 2,977  2,989  2,977 
140,310  140,280  25.8  %
Pharmaceuticals
Amneal Pharmaceuticals LLC(5) First lien senior secured loan S + 3.50% —% 08/2032 15,344  15,307  15,318 
Fortrea Holdings Inc.(6)(9) First lien senior secured loan S + 3.75% —% 07/2030 1,000  981  920 
9
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 30, 2025
(Amounts in thousands)
Interest
Company(1)(3)(4) Investment Ref. Rate Cash PIK Maturity Date Par / Units Amortized Cost(2) Fair Value Percentage of Members’ Equity(10)
Opal US LLC(6) First lien senior secured loan S + 3.25% —% 04/2032 16,776  16,705  16,809 
32,993  33,047  6.1  %
Professional services
AlixPartners, LLP(5) First lien senior secured loan S + 2.00% —% 08/2032 8,514  8,497  8,453 
Apex Group Treasury LLC(6) First lien senior secured loan S + 3.50% —% 02/2032 20,453  20,439  19,969 
API GROUP DE INC(5) First lien senior secured loan S + 1.75% —% 01/2029 2,840  2,840  2,837 
Arsenal AIC Parent, LLC (dba Arconic)(5) First lien senior secured loan S + 2.75% —% 08/2030 1,402  1,406  1,400 
Camelot U.S. Acquisition 1 Co.(5) First lien senior secured loan S + 2.75% —% 01/2031 2,000  2,007  1,987 
Clearwater Analytics, LLC(7) 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 5,381  5,381  5,321 
Element Materials Technology(6) First lien senior secured loan S + 3.68% —% 06/2029 2,286  2,296  2,298 
First Advantage Holdings LLC(5) First lien senior secured loan S + 2.75% —% 10/2031 4,708  4,708  4,582 
Red Ventures, LLC(5) First lien senior secured loan S + 2.75% —% 03/2030 496  500  467 
Skopima Merger Sub Inc.(5) First lien senior secured loan S + 3.75% —% 05/2028 4,808  4,808  4,060 
Vistage International, Inc.(6)(9) First lien senior secured loan S + 3.75% —% 07/2029 9,823  9,822  9,774 
66,823  65,267  12.2  %
Telecommunications
Charter Communications Operating LLC(6) First lien senior secured loan S + 2.25% —% 12/2031 7,940  7,922  7,936 
Cogeco Communications (USA) II L.P.(5) First lien senior secured loan S + 2.50% —% 09/2028 1,308  1,302  1,294 
Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6) First lien senior secured loan S + 3.00% —% 11/2027 10,716  10,678  10,615 
Virgin Media Bristol LLC(6) First lien senior secured loan S + 3.18% —% 03/2031 5,018  4,969  4,943 
24,871  24,788  4.6  %
Transportation
AIT Worldwide Logistics Holdings, Inc.(6) First lien senior secured loan S + 4.00% —% 04/2030 7,940  7,940  7,955 
Echo Global Logistics, Inc.(5) First lien senior secured loan S + 3.75% —% 11/2028 1,985  1,967  1,924 
FRST STU BID/FRST TRANS(6) First lien senior secured loan S + 2.50% —% 08/2030 4,271  4,265  4,271 
Genesee & Wyoming Inc.(6) First lien senior secured loan S + 1.75% —% 04/2031 496  493  494 
KKR Apple Bidco, LLC(5) First lien senior secured loan S + 2.50% —% 09/2031 8,005  7,986  8,002 
NA Rail Hold Co. LLC(6) First lien senior secured loan S + 3.00% —% 03/2032 3,627  3,618  3,636 
26,269  26,282  5.0  %
Total Misc.-debt commitments(11) —  90  105  —  %
Total Debt Investments $ 2,155,658  $ 2,149,879  398.2  %
Total Investments $ 2,155,658  $ 2,149,879  398.2  %









10
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
Consolidated Schedule of Investments
As of September 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 September 30, 2025 was 4.13%.
(6) The interest rate on these loans is subject to 3 month SOFR, which as of September 30, 2025 was 3.98%.
(7) The interest rate on these loans is subject to 6 month SOFR, which as of September 30, 2025 was 3.85%
(8) The interest rate on this loan is subject to Prime, which as of September 30, 2025 was 7.25%.
(9) Level 3 investment.
(10) Totals presented may differ than actuals due to rounding.
(11) Position or portion thereof is an unfunded loan commitment. See below for more information on the Company’s unfunded commitments.



Unfunded Commitments as of September 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  — 
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  98 
PINNACLE BUYER, LLC First lien senior secured delayed draw term loan 03/2027 —  3,321  — 
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 —  496  — 
Signia Aerospace LLC First lien senior secured delayed draw term loan 11/2026 —  600  — 
Total Portfolio Company Commitments $ 106  $ 9,747  $ 105 
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)
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  %
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)
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  %
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)
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  %
14
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  — 
15
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 September 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 September 30, 2025 and December 31, 2024, respectively:

September 30, 2025 December 31, 2024
($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value
First-lien senior secured debt investments $ 2,155,658  $ 2,149,879  $ 1,162,056  $ 1,164,473 
Total Investments $ 2,155,658  $ 2,149,879  $ 1,162,056  $ 1,164,473 




















16
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
The table below presents the industry composition of investments based on fair value as of September 30, 2025 and December 31, 2024, respectively:
September 30, 2025 December 31, 2024
Advertising and media 1.1  % —  %
Aerospace and defense 5.4  5.9 
Automotive services 0.9  1.6 
Buildings and real estate 2.1  3.2 
Business services 7.7  7.5 
Chemicals 2.5  2.4 
Consumer products 1.5  — 
Containers and packaging 5.5  2.5 
Distribution 3.7  6.1 
Education 1.6  2.8 
Energy equipment and services 1.7  1.6 
Financial services 8.0  5.5 
Food and beverage 4.6  3.8 
Healthcare equipment and services 3.7  4.9 
Healthcare providers and services 5.4  7.6 
Healthcare technology 7.7  11.9 
Household products 0.2  — 
Human resource support services 1.7  0.5 
Infrastructure and environmental services 1.3  0.5 
Insurance 8.3  7.7 
Internet software and services 11.5  9.6 
Investment funds and vehicles —  — 
Leisure and entertainment 0.5  0.3 
Manufacturing 6.5  6.3 
Pharmaceuticals 1.5  — 
Professional services 3.0  6.2 
Telecommunications 1.2  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 September 30, 2025 and December 31, 2024, respectively:
September 30, 2025 December 31, 2024
United States:
Midwest 24.8  % 22.4  %
Northeast 19.0  21.5 
South 28.3  29.3 
West 14.4  17.1 
International 13.5  9.7 
Total 100.0  % 100.0  %
17
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)

Investments
The table below presents the fair value hierarchy of investments as of September 30, 2025 and December 31, 2024 respectively:
Fair Value Hierarchy as of September 30, 2025
($ in thousands) Level 1 Level 2 Level 3 Total
First-lien senior secured debt investments $ —  $ 2,025,155  $ 124,724  $ 2,149,879 
Total Investments $ —  $ 2,025,155  $ 124,724  $ 2,149,879 

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, 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, 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 September 30, 2025, there was $111.2 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 $0.5 million of unused commitment fee as of September 30, 2025.
RBC Facility
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 originally entered into on October 14, 2022 (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 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 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 September 30, 2025, there was $45.0 million outstanding under the RBC Facility.
Borrowings under the RBC Facility bear interest at a per annum rate equal to SOFR +1.55%.
18
Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
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 $50.0 million as of September 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 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 BOC SLF WH III C LTD. were transferred via a master participation agreement to BOC SLF C-2 Ltd. As of September 30, 2025, there was $43.9 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 originally entered into on June 30, 2023 (the “Wells Fargo Facility”) 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 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 September 30, 2025, there was $101.0 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.
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 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.

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Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
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.
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 September 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 September 30, 2025 and December 31, 2024 respectively:
September 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  $ —  $ 2,045  $ 317,955 
WISE CLO 2025-2 LTD. 319,160  319,160  —  1,802  317,358 
WISE CLO 2025-3 LTD.(3)
318,000  318,000  —  1,875  316,125 
WISE CLO 2025-4 LTD.(4)
317,935  317,935  —  1,885  316,050 
Bank of America Facility 300,000  111,182  82,091  311  110,871 
RBC Facility 300,000  45,026  50,759  336  44,690 
Citibank Facility (2)
50,000  43,940  6,060  241  43,699 
Wells Fargo Facility 300,000  100,982  82,803  290  100,692 
Total Debt $ 2,225,095  $ 1,576,225  $ 221,713  $ 8,785  $ 1,567,440 

(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 $50.0 million as of September 30, 2025.
(3) WISE CLO 2025-3 LTD. closed on July 24, 2025.
(4) WISE CLO 2025-4 LTD. closed on September 4, 2025.



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Blue Owl Credit SLF LLC
Supplemental Financial Information (Unaudited)
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.

The table below presents the components of interest expense for the following period:
For the Three Months Ended September 30, For the Nine Months Ended September 30,
($ in thousands) 2025 2024 2025
2024 (2)
Interest expense $ 21,462  $ 339  $ 52,078  $ 394 
Amortization of debt issuance costs 260  119  611  134 
Total Interest Expense $ 21,722  $ 458  $ 52,689  $ 528 
Average interest rate(1)
5.8  % 8.3  % 5.8  % 7.6  %
Average daily outstanding borrowings $ 1,449,778 $ 16,110 $ 1,182,821 $ 16,110

(1) Averages are calculated based on annualized amounts.
(2) The Company’s date of inception was May 6, 2024.


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