Overland Advantage 10-K: Debt Investment Details
| Field | Detail |
|---|---|
| Company | Overland Advantage |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-investment, sec-filing, financials, transportation-sector
TL;DR
Overland Advantage's 10-K details a SOFR + 4.25% loan to Oscar Acquisitionco, maturing 4/29/29.
AI Summary
Overland Advantage filed its 10-K for the fiscal year ending December 31, 2024, reporting on its investment activities. The company holds a first lien senior secured term loan with Oscar Acquisitionco LLC, bearing interest at SOFR + 4.25% and maturing on April 29, 2029. This investment is classified within the Transportation Sector and is valued using Level 3 fair value inputs, specifically the offered price, with the recent transaction serving as the valuation technique.
Why It Matters
This filing provides insight into Overland Advantage's investment portfolio, specifically detailing a significant debt investment in Oscar Acquisitionco LLC, which could impact the company's financial performance and risk exposure.
Risk Assessment
Risk Level: medium — The company's risk level is medium due to the nature of debt investments, which carry interest rate and credit risks, and the use of Level 3 valuation inputs, indicating less observable market data.
Key Numbers
- SOFR + 4.25% — Interest Rate (Interest rate on the first lien senior secured term loan with Oscar Acquisitionco LLC.)
- 4/29/2029 — Maturity Date (Maturity date of the first lien senior secured term loan.)
Key Players & Entities
- Overland Advantage (company) — Filer of the 10-K
- Oscar Acquisitionco LLC (company) — Borrower of the first lien senior secured term loan
- SOFR + 4.25% (dollar_amount) — Interest rate on the loan
- 4/29/2029 (date) — Maturity date of the loan
- 2024-12-31 (date) — Fiscal year end date
FAQ
What is the principal amount of the first lien senior secured term loan provided to Oscar Acquisitionco LLC?
The provided text does not specify the principal amount of the loan.
What is the current status of the loan to Oscar Acquisitionco LLC as of December 31, 2024?
The filing indicates it is a 'First lien senior secured term loan' with a specific interest rate and maturity date, suggesting it is an active investment.
What specific business does Oscar Acquisitionco LLC operate in?
The filing mentions 'Construction & Engineering' in relation to the loan, suggesting Oscar Acquisitionco LLC operates in this sector.
What are the specific Level 3 fair value inputs used for this investment?
The filing mentions 'MeasurementInputOfferedPriceMember' and 'ValuationTechniqueRecentTransactionMember' as Level 3 inputs.
Does Overland Advantage have any other significant debt investments?
The filing mentions 'Investments Non-controlled/non-affiliated senior secured debt' and 'Investments Non-controlled/non-affiliated senior', indicating other similar investments, but specific details are not provided in this excerpt.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding Overland Advantage.