{"url_path":"/sec/cik-0001655887/10-q/2026/body","section_key":"body","section_title":"Body","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1655887/0001655887-26-000013-index.html","accession_number":"0001655887-26-000013","cik":"0001655887","ticker":null,"issuer_name":"Blue Owl Capital Corp II","edgar_url":"https://www.sec.gov/Archives/edgar/data/1655887/0001655887-26-000013-index.html","primary_entity_key":"0001655887","primary_entity_name":"Blue Owl Capital Corp II"},"word_count":13354,"has_tables":true,"body_markdown":"EX-99.1\n7\nblueowlcreditslfllc-033120.htm\nEX-99.1\n\nDocument\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited) as of and for the period ended March 31, 2026\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Statement of Assets and Liabilities\n\n(Amounts in thousands)\n\nMarch 31, 2026\n\nDecember 31, 2025\n\nAssets\n\nInvestments at fair value (amortized cost of $2,474,449 and $2,350,698, respectively)\n$2,417,836 $2,343,367 \n\nCash167,235 124,718 \n\nReceivable due on investments sold23,608 1,803 \n\nInterest receivable7,557 7,635 \n\nTotal Assets$2,616,236 $2,477,523 \n\nLiabilities\n\nDebt (net of unamortized debt issuance costs of $8,096 and $8,463, respectively)\n$1,831,178 $1,728,363 \n\nPayable for investments purchased163,029 94,359 \n\nInterest payable16,980 23,627 \n\nDistribution payable13,265 15,513 \n\nAccrued expenses and other liabilities1,629 1,592 \n\nDue to advisor367 — \n\nTotal Liabilities2,026,448 1,863,454 \n\nMembers’ Equity\n\nTotal Members’ Equity - Class A589,788 614,069 \n\nTotal Members' Equity589,788 614,069 \n\nTotal Liabilities and Members’ Equity$2,616,236 $2,477,523 \n\n1\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Statement of Operations\n\n(Amounts in thousands)\n\nFor the Three Months Ended March 31,\n\n20262025\n\nInvestment Income\n\nInvestment Income$41,005 $23,696 \n\nTotal Investment Income$41,005 $23,696 \n\nOperating Expenses\n\nInterest expense$23,814 $13,049 \n\nProfessional fees1,216 610 \n\nTotal Operating Expenses25,030 13,659 \n\nNet Investment Income (Loss)15,975 10,037 \n\nNet Realized and Change in Unrealized Gain (Loss)\n\nNet change in unrealized gain (loss) on investments(49,283)(16,080)\n\nNet realized gain (loss) on investments(2,708)(23)\n\nTotal Net Realized and Change in Unrealized Gain (Loss) on Investments(51,991)(16,103)\n\nNet Increase (Decrease) in Members' Equity Resulting from Operations$(36,016)$(6,066)\n\nTotal Net Increase (Decrease) in Members’ Equity Resulting from Operations - Class A$(36,016)$(6,066)\n\n2\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nDebt Investments\n\nAdvertising and media        \n\nNexstar Media Inc.(6)First lien senior secured loan S + 2.75 %— %03/2033$11,438 $11,324 $11,300 \n\nOutfront Media Capital LLC(5)First lien senior secured loan S + 2.00 %— %09/20323,900 3,897 3,902 \n\nProject Boost Purchaser, LLC (dba J.D. Power)(6)First lien senior secured loan S + 2.75 %— %07/203119,156 19,162 18,436 \n\n34,383 33,638 5.7 %\n\nAerospace and defense        \n\nAmentum Government Services Holdings LLC(5)First lien senior secured loan S + 2.00 %— %09/20313,397 3,392 3,395 \n\nAmerican Airlines, Inc.(6)First lien senior secured loan S + 1.75 %— %01/2027651 650 646 \n\nAmerican Airlines, Inc.(6)First lien senior secured loan S + 2.25 %— %02/2028360 357 350 \n\nAmerican Airlines, Inc.(6)First lien senior secured loan S + 2.75 %— %05/20323,795 3,795 3,756 \n\nArcline FM Holdings LLC(6)First lien senior secured loan S + 2.75 %— %06/20308,309 8,308 8,311 \n\nAvolon TLB Borrower 1 (US) LLC(5)First lien senior secured loan S + 1.75 %— %06/203011,286 11,286 11,298 \n\nBleriot US Bidco Inc.(6)First lien senior secured loan S + 2.50 %— %10/203016,739 16,738 16,750 \n\nBrown Group Holdings, LLC(5)First lien senior secured loan S + 2.50 %— %07/203110,479 10,480 10,489 \n\nCACI International, Inc.(5)First lien senior secured loan S + 1.75 %— %02/20337,056 7,039 7,048 \n\nDynasty Acquisition Co., Inc. (dba StandardAero Limited)(5)First lien senior secured loan S + 2.00 %— %10/203110,739 10,738 10,735 \n\nKaman Corporation(6)First lien senior secured loan S + 2.50 %— %02/203211,060 11,053 11,058 \n\nKBR, Inc(5)First lien senior secured loan S + 2.00 %— %01/2031987 990 986 \n\nMahseer Holdings LLC (dba PennAero)(6)(8)First lien senior secured loan S + 3.25 %— %03/203311,823 11,764 11,764 \n\nPropulsion (BC) Finco S.A.R.L.(6)First lien senior secured loan S + 2.50 %— %12/20328,059 8,048 8,057 \n\nSignia Aerospace LLC(6)First lien senior secured loan S + 2.75 %— %12/203112,277 12,279 12,293 \n\nTransdigm Inc.(5)First lien senior secured loan S + 2.25 %— %03/2030495 495 495 \n\nTransdigm Inc.(5)First lien senior secured loan S + 2.50 %— %01/20329,850 9,833 9,847 \n\nTransdigm Inc.(5)First lien senior secured loan S + 2.50 %— %08/20329,565 9,543 9,563 \n\nUnited Airlines, Inc.(6)First lien senior secured loan S + 1.75 %— %02/2031987 987 983 \n\nVSE Corp(6)First lien senior secured loan S + 2.00 %— %03/20335,483 5,469 5,472 \n\n143,244 143,296 24.3 %\n\nAutomotive services        \n\nBelron Finance US LLC(6)First lien senior secured loan S + 2.00 %— %10/20317,881 7,881 7,873 \n\nMavis Tire Express Services Topco Corp.(5)First lien senior secured loan S + 3.00 %— %05/20282,838 2,838 2,833 \n\nMister Car Wash Holdings, Inc.(5)First lien senior secured loan S + 2.25 %— %03/2031676 677 667 \n\nMister Car Wash Holdings, Inc.(6)First lien senior secured loan S + 3.00 %— %03/203110,306 10,203 10,184 \n\nVALVOLINE INC(5)First lien senior secured loan S + 2.00 %— %12/20323,410 3,395 3,419 \n\nWand Newco 3, Inc. (dba Caliber )(5)First lien senior secured loan S + 2.50 %— %01/20314,683 4,683 4,639 \n\n29,677 29,615 5.0 %\n\nBuildings and real estate        \n\nAdvanced Drainage Systems, Inc.(5)First lien senior secured loan S + 1.63 %— %02/20333,768 3,768 3,780 \n\nAmerican Residential Services, LLC(6)(8)First lien senior secured loan S + 2.75 %— %02/20327,172 7,155 7,136 \n\nARCOSA INC(5)First lien senior secured loan S + 2.00 %— %10/20312,292 2,292 2,287 \n\nBeacon Roofing Supply, Inc. (dba QXO)(5)First lien senior secured loan S + 2.00 %— %04/203210,254 10,254 10,222 \n\nConstruction Partners, Inc.(5)First lien senior secured loan S + 2.50 %— %11/20311,975 1,972 1,972 \n\nCushman & Wakefield U.S. Borrower, LLC(5)(8)First lien senior secured loan S + 2.75 %— %01/2030425 425 426 \n\nHunter Douglas Inc(6)First lien senior secured loan S + 3.00 %— %01/20322,745 2,719 2,730 \n\nKnife River Corporation(6)First lien senior secured loan S + 2.00 %— %03/20321,324 1,321 1,327 \n\nMIWD Holdco II LLC(5)First lien senior secured loan S + 2.75 %— %03/2031911 911 837 \n\nPark River Holdings Inc(6)First lien senior secured loan S + 4.50 %— %03/203110,426 10,284 10,170 \n\nQuikrete Holdings, Inc.(5)First lien senior secured loan S + 2.25 %— %03/2029495 492 494 \n\n3\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nQuikrete Holdings, Inc.(5)First lien senior secured loan S + 2.25 %— %02/20327,368 7,356 7,350 \n\nStarwood Property Mortgage, L.L.C.(5)(8)First lien senior secured loan S + 1.75 %— %11/20271,781 1,777 1,776 \n\nStarwood Property Mortgage, L.L.C.(5)First lien senior secured loan S + 2.25 %— %09/20323,858 3,854 3,858 \n\n54,580 54,365 9.2 %\n\nBusiness services        \n\nBoxer Parent Company Inc. (f/k/a BMC)(6)First lien senior secured loan S + 3.00 %— %07/203110,312 10,230 9,535 \n\nBrightView Landscapes, LLC(6)First lien senior secured loan S + 2.00 %— %04/20295,111 5,121 5,090 \n\nCCC Intelligent Solutions Inc(5)First lien senior secured loan S + 2.00 %— %01/2032757 757 751 \n\nConnectWise, LLC(6)First lien senior secured loan S + 3.50 %— %09/202810,597 10,371 9,758 \n\nCoolSys, Inc.(6)First lien senior secured loan S + 6.00 %— %08/202815,032 14,589 12,429 \n\nDYCOM INDUSTRIES INC(5)First lien senior secured loan S + 1.75 %— %01/20333,659 3,650 3,669 \n\nIDEMIA Group SAS(6)First lien senior secured loan S + 4.25 %— %09/20282,767 2,785 2,737 \n\nIGT Holding IV AB (dba IFS)(6)(8)First lien senior secured loan S + 3.00 %— %09/20315,076 5,070 5,025 \n\nKaseya Inc.(5)First lien senior secured loan S + 3.25 %— %03/203212,441 12,404 11,586 \n\nMadison Safety & Flow LLC(5)First lien senior secured loan S + 2.50 %— %09/20311,919 1,919 1,918 \n\nMKS Instruments, Inc.(5)First lien senior secured loan S + 1.75 %— %02/20332,023 2,023 2,023 \n\nNVENT ELEC PUB LTD CO (dba Nvent Thermal LLC)(5)First lien senior secured loan S + 3.00 %— %01/203215,286 15,226 15,254 \n\nPing Identity Holding Corp.(5)(8)First lien senior secured loan S + 2.75 %— %11/203212,605 12,572 12,447 \n\nPINNACLE BUYER, LLC(6)First lien senior secured loan S + 2.50 %— %10/203217,228 17,190 17,233 \n\nPlano HoldCo, Inc. (dba Perficient)(6)First lien senior secured loan S + 3.50 %— %10/20315,940 5,920 4,752 \n\nPlusgrade Inc.(6)(8)First lien senior secured loan S + 3.50 %— %03/20319,235 9,236 8,866 \n\nPye-Barker Fire & Safety, LLC(5)First lien senior secured loan S + 2.50 %— %12/203217,013 16,935 17,029 \n\nRed Planet Borrower, LLC (dba Liftoff Mobile)(5)First lien senior secured loan S + 4.00 %— %08/203216,191 16,040 15,811 \n\nShift4 Payments, LLC(6)First lien senior secured loan S + 2.00 %— %07/20328,611 8,611 8,584 \n\nTecta America Corp.(5)First lien senior secured loan S + 2.75 %— %02/203218,549 18,549 18,462 \n\nVestis Corp(6)(8)First lien senior secured loan S + 2.25 %— %02/20311,021 983 982 \n\nVM Consolidated, Inc.(5)First lien senior secured loan S + 2.00 %— %10/20323,265 3,258 3,266 \n\nXPLOR T1, LLC(6)(8)First lien senior secured loan S + 3.50 %— %12/203224,683 24,591 22,894 \n\n218,030 210,101 35.6 %\n\nChemicals        \n\nAdvancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(6)First lien senior secured loan S + 4.00 %— %11/202717,286 16,856 16,488 \n\nAxalta Coating Systems US Holdings INC(6)First lien senior secured loan S + 1.75 %— %12/20292,517 2,521 2,518 \n\nDerby Buyer LLC (dba Delrin)(5)First lien senior secured loan S + 3.00 %— %11/20309,897 9,897 9,872 \n\nEntegris, Inc.(5)First lien senior secured loan S + 1.75 %— %07/2029533 535 534 \n\nFORMULATIONS PARENT CORPORATION (dba Chase Corporation)(6)(8)First lien senior secured loan S + 4.00 %— %04/20322,347 2,327 2,330 \n\nIneos US Finance LLC(5)First lien senior secured loan S + 3.25 %— %02/20303,950 3,882 3,430 \n\nMSOF BEACON LLC(6)First lien senior secured loan S + 2.50 %— %12/203211,937 11,907 11,916 \n\nNouryon Finance B.V.(7)First lien senior secured loan S + 3.25 %— %04/20287,619 7,575 7,458 \n\nWindsor Holdings III LLC(5)First lien senior secured loan S + 2.75 %— %08/20306,925 6,751 6,813 \n\n62,251 61,359 10.4 %\n\nConsumer products        \n\nACP Tara Holdings, Inc. (dba Arcadia)(6)First lien senior secured loan S + 3.25 %— %12/203215,554 15,525 15,605 \n\nASGN Incorporated(5)First lien senior secured loan S + 1.75 %— %08/2030494 498 493 \n\nBEP Intermediate Holdco, LLC (dba Buyers Edge Platform)(5)(8)First lien senior secured loan S + 2.75 %— %04/203113,228 13,159 13,195 \n\nHomeServe USA Holding Corp.(5)First lien senior secured loan S + 2.00 %— %10/20305,615 5,607 5,564 \n\nNovelis Inc(6)First lien senior secured loan S + 1.75 %— %03/20324,597 4,597 4,596 \n\n39,386 39,453 6.7 %\n\n4\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nContainers and packaging      \n\nBerlin Packaging(6)First lien senior secured loan S + 3.25 %— %06/20317,482 7,468 7,193 \n\nCharter NEX US, Inc.(5)First lien senior secured loan S + 2.50 %— %11/20307,904 7,905 7,848 \n\nClydesdale Acquisition Holdings, Inc. (dba Novolex)(5)First lien senior secured loan S + 3.25 %— %03/203214,368 14,274 13,384 \n\nGraham Packaging Company Inc(5)First lien senior secured loan S + 2.25 %— %01/20332,955 2,949 2,922 \n\nPlastipak Holdings Inc.(5)First lien senior secured loan S + 2.50 %— %09/203221,928 21,828 21,667 \n\nPregis Topco LLC(5)First lien senior secured loan S + 4.00 %— %02/20294,849 4,840 4,839 \n\nProAmpac PG Borrower LLC(5)First lien senior secured loan S + 4.00 %— %03/203317,437 17,176 16,797 \n\nRing Container Technologies Group, LLC(5)First lien senior secured loan S + 2.50 %— %09/203217,034 16,993 16,852 \n\nSupplyOne, Inc.(5)First lien senior secured loan S + 3.50 %— %04/203116,134 16,127 16,164 \n\nTricorbraun Holdings, Inc.(5)First lien senior secured loan S + 3.25 %— %03/202821,485 21,271 20,374 \n\n130,831 128,040 21.7 %\n\nDistribution        \n\nAI Aqua Merger Sub, Inc. (dba Culligan)(5)First lien senior secured loan S + 2.75 %— %07/202811,718 11,720 11,683 \n\nAvient Corporation(6)First lien senior secured loan S + 1.75 %— %08/20292,943 2,955 2,963 \n\nBCPE Empire Holdings, Inc. (dba Imperial-Dade)(5)First lien senior secured loan S + 3.25 %— %12/203011,405 11,405 11,220 \n\nBCPE Empire Holdings, Inc. (dba Imperial-Dade)(5)First lien senior secured loan S + 3.50 %— %12/203216,000 15,771 15,730 \n\nPaint Intermediate III LLC (dba Wesco Group)(6)First lien senior secured loan S + 3.00 %— %10/203120,061 19,994 19,949 \n\n61,845 61,545 10.4 %\n\nEducation        \n\nCovista Inc. (dba Adtalem Global Education)(5)(8)First lien senior secured loan S + 2.25 %— %03/20336,031 6,001 6,001 \n\nRenaissance Learning, Inc.(6)First lien senior secured loan S + 4.00 %— %04/20305,124 4,970 3,617 \n\n10,971 9,618 1.6 %\n\nEnergy equipment and services        \n\nAZZ Inc.(5)First lien senior secured loan S + 1.75 %— %05/20292,322 2,332 2,324 \n\nBrookfield WEC Holdings Inc.(5)First lien senior secured loan S + 2.00 %— %01/20316,247 6,247 6,233 \n\nCalpine Construction Finance Company(5)First lien senior secured loan S + 1.75 %— %07/20303,000 3,000 2,999 \n\nCenturi Group, Inc(5)First lien senior secured loan S + 2.00 %— %07/20324,826 4,826 4,827 \n\nFleet U.S. Bidco Inc.(6)(8)First lien senior secured loan S + 2.75 %— %02/20318,521 8,522 8,521 \n\n24,927 24,904 4.2 %\n\nFinancial services        \n\nAllSpring Buyer(6)First lien senior secured loan S + 3.00 %— %11/20301,905 1,901 1,905 \n\nAscensus Holdings, Inc.(5)First lien senior secured loan S + 3.00 %— %11/20327,895 7,878 7,759 \n\nBCPE Pequod Buyer, Inc. (dba Envestnet)(6)First lien senior secured loan S + 2.75 %— %11/203118,825 18,825 18,238 \n\nChrysaor Bidco s.à r.l. (dba AlterDomus)(6)First lien senior secured loan S + 3.25 %— %10/20317,932 7,927 7,912 \n\nCitadel Securities, LP(6)First lien senior secured loan S + 2.00 %— %10/20317,015 7,015 7,019 \n\nCitco Funding LLC(5)First lien senior secured loan S + 2.00 %— %01/203315,573 15,537 15,500 \n\nCitrin Cooperman Advisors LLC(6)First lien senior secured loan S + 3.00 %— %04/20328,008 7,943 7,678 \n\nCohnreznick Advisory LLC(6)First lien senior secured loan S + 3.25 %— %03/20327,813 7,792 7,530 \n\nCreative Planning, LLC(5)First lien senior secured loan S + 2.00 %— %05/20317,625 7,576 7,567 \n\nEP Wealth Advisors, LLC(6)First lien senior secured loan S + 3.00 %— %10/20323,993 3,984 3,993 \n\nFirst Eagle Holdings, Inc.(6)First lien senior secured loan S + 3.50 %— %08/203210,382 10,247 10,221 \n\nFocus Financial Partners, LLC(5)First lien senior secured loan S + 2.50 %— %09/203114,490 14,478 14,003 \n\nGrant Thornton Advisors LLC(5)First lien senior secured loan S + 2.75 %— %06/20317,275 7,181 6,762 \n\nGuggenheim Partners Investment Management Holdings, LLC(6)First lien senior secured loan S + 2.50 %— %11/20315,925 5,914 5,925 \n\nKestra Advisor Services Holdings A, Inc.(5)First lien senior secured loan S + 3.00 %— %03/20315,387 5,387 5,343 \n\nMARINER WEALTH ADVISORS, LLC(6)First lien senior secured loan S + 2.25 %— %12/20304,879 4,879 4,860 \n\nOneDigital Borrower LLC(5)First lien senior secured loan S + 3.00 %— %07/203110,460 10,460 10,091 \n\n5\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nOrion Advisor Solutions Inc(6)First lien senior secured loan S + 2.75 %— %09/20309,923 9,923 9,729 \n\nPPI Holding US INC. (dba Nuvei)(5)First lien senior secured loan S + 2.50 %— %11/203115,426 15,426 15,091 \n\nPushpay USA Inc(6)(8)First lien senior secured loan S + 3.75 %— %08/2031424 424 411 \n\nSaphilux S.a.r.L. (dba IQ-EQ)(7)First lien senior secured loan S + 3.00 %— %07/202819,425 19,425 19,383 \n\nTMF Sapphire Bidco B.V.(6)First lien senior secured loan S + 2.75 %— %05/20284,324 4,332 4,322 \n\nVictory Capital Holdings Inc(6)First lien senior secured loan S + 2.00 %— %09/20327,072 7,065 7,049 \n\n201,519 198,291 33.6 %\n\nFood and beverage        \n\n1011778 BC / NEW RED FIN (dba Restaurant Brands)(5)First lien senior secured loan S + 1.75 %— %09/20301,893 1,886 1,887 \n\nAramark Services, Inc.(5)First lien senior secured loan S + 1.75 %— %06/20305,886 5,886 5,886 \n\nAspire Bakeries Holdings, LLC(5)(8)First lien senior secured loan S + 3.00 %— %12/20304,208 4,208 4,208 \n\nBalrog Acquisition, Inc. (dba Bakemark)(5)First lien senior secured loan S + 4.00 %— %09/202815,012 15,039 10,534 \n\nChobani LLC(5)First lien senior secured loan S + 2.25 %— %10/20328,780 8,780 8,776 \n\nFiesta Purchaser, Inc. (dba Shearer's Foods)(5)First lien senior secured loan S + 2.75 %— %02/203114,252 14,252 13,879 \n\nFRONERI US INC(7)First lien senior secured loan S + 2.25 %— %09/20313,960 3,953 3,876 \n\nFRONERI US INC(7)First lien senior secured loan S + 2.25 %— %09/203214,380 14,350 14,088 \n\nIRB Holding Corp (dba Inspire Brands, Inc.)(5)First lien senior secured loan S + 2.50 %— %12/203013,970 13,970 13,928 \n\nPegasus BidCo B.V.(6)First lien senior secured loan S + 2.75 %— %07/202911,660 11,639 11,605 \n\nPrimo Brands Corporation(6)First lien senior secured loan S + 2.75 %— %03/203111,129 11,073 11,141 \n\nRaising Cane's Restaurants, LLC(5)First lien senior secured loan S + 2.00 %— %11/203213,767 13,740 13,672 \n\nRed SPV, LLC(5)First lien senior secured loan S + 2.25 %— %03/20329,452 9,413 9,429 \n\nSavor Acquisition, Inc. (dba Sauer Brands)(6)First lien senior secured loan S + 3.00 %— %02/20325,508 5,490 5,509 \n\nSimply Good Foods USA, Inc.(6)First lien senior secured loan S + 2.00 %— %03/20306,853 6,821 6,864 \n\nSnacking Investments US LLC (dba Arnott's Group)(6)First lien senior secured loan S + 3.00 %— %10/20327,382 7,366 7,379 \n\nUtz Quality Foods, LLC(6)First lien senior secured loan S + 2.50 %— %01/20322,550 2,550 2,547 \n\nWhatabrands LLC (dba Whataburger Restaurants LLC)(5)First lien senior secured loan S + 2.50 %— %08/20288,688 8,659 8,668 \n\n159,075 153,876 26.1 %\n\nHealthcare equipment and services        \n\nAgiliti Health(7)First lien senior secured loan S + 3.00 %— %05/20302,229 2,176 2,162 \n\nARGENT FINCO LLC(6)(8)First lien senior secured loan S + 3.00 %— %11/20324,571 4,560 4,571 \n\nAzalea TopCo, Inc. (dba Press Ganey)(5)First lien senior secured loan S + 3.00 %— %04/20311,352 1,353 1,349 \n\nConfluent Medical Technologies, Inc.(6)First lien senior secured loan S + 3.00 %— %02/20299,690 9,690 9,671 \n\nCurium BidCo S.A.R.L (dba Curium Pharma)(6)First lien senior secured loan S + 3.00 %— %08/20319,661 9,620 9,637 \n\nGlobal Medical Response, Inc.(6)First lien senior secured loan S + 3.50 %— %10/203212,611 12,583 12,557 \n\nHologic Inc(6)First lien senior secured loan S + 2.25 %— %01/203322,433 22,377 22,152 \n\nLUMEXA IMAGING INC(6)First lien senior secured loan S + 3.00 %— %12/20325,320 5,320 5,330 \n\nMedline Borrower, LP(5)First lien senior secured loan S + 1.75 %— %10/203011,530 11,519 11,543 \n\nNSM Top Holdings Corp. (dba National Seating & Mobility)(6)(8)First lien senior secured loan S + 4.25 %— %05/202910,775 10,751 10,775 \n\nResonetics, LLC(6)First lien senior secured loan S + 2.75 %— %06/203110,794 10,794 10,737 \n\nSharp Services, LLC(6)First lien senior secured loan S + 3.00 %— %09/20322,211 2,201 2,210 \n\nZest Acquisition Corp.(6)(8)First lien senior secured loan S + 5.25 %— %02/2028987 993 955 \n\n103,937 103,649 17.6 %\n\nHealthcare providers and services      \n\nCHG Healthcare Services, Inc.(6)First lien senior secured loan S + 2.75 %— %09/20283,340 3,346 3,341 \n\nCHG PPC Parent LLC(5)First lien senior secured loan S + 3.00 %— %12/20284,182 4,172 4,179 \n\nConcentra(5)First lien senior secured loan S + 2.00 %— %07/20311,485 1,490 1,489 \n\nConfluent Health, LLC(5)(8)First lien senior secured loan S + 4.00 %— %11/202813,310 13,153 11,314 \n\nCovetrus, Inc.(6)(8)First lien senior secured loan S + 5.00 %— %10/202915,934 15,306 15,337 \n\n6\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nElectron Bidco Inc (dba ExamWorks)(5)First lien senior secured loan S + 2.50 %— %02/20333,054 3,056 3,049 \n\nInizio Group Limited (dba UDG Healthcare)(6)First lien senior secured loan S + 4.25 %— %08/20282,621 2,586 2,333 \n\nLSCS Holdings, Inc.(6)First lien senior secured loan S + 4.50 %— %03/203215,547 15,447 14,536 \n\nOnex TSG Intermediate Corporation(6)First lien senior secured loan S + 3.25 %— %08/20327,263 7,263 7,288 \n\nOption Care Health, Inc(5)First lien senior secured loan S + 1.75 %— %09/20323,098 3,091 3,107 \n\nPacific Dental Services, LLC(5)First lien senior secured loan S + 2.50 %— %03/20317,302 7,312 7,302 \n\nPhoenix Guarantor Inc(5)First lien senior secured loan S + 2.50 %— %02/2031741 740 740 \n\nPhoenix Newco, Inc. (dba Parexel)(5)First lien senior secured loan S + 2.75 %— %12/203126,758 26,694 26,646 \n\nSelect Medical Corp.(5)First lien senior secured loan S + 2.00 %— %12/20313,556 3,555 3,530 \n\nSelect Medical Corp.(6)(8)First lien senior secured loan S + 3.25 %— %12/20319,110 9,019 9,087 \n\nSoliant Lower Intermediate, LLC (dba Soliant)(7)First lien senior secured loan S + 3.75 %— %07/20319,587 9,650 7,095 \n\nSurgery Center Holdings, Inc.(5)First lien senior secured loan S + 2.50 %— %12/20303,655 3,647 3,653 \n\nWCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(5)First lien senior secured loan S + 2.75 %— %02/20327,439 7,439 7,238 \n\n136,966 131,264 22.3 %\n\nHealthcare technology        \n\nCertara(5)(8)First lien senior secured loan S + 2.75 %— %06/2031667 667 667 \n\nCotiviti, Inc.(5)First lien senior secured loan S + 2.75 %— %03/20324,430 4,391 4,069 \n\nCotiviti, Inc.(5)First lien senior secured loan S + 2.75 %— %05/20315,454 5,419 5,014 \n\nEnsemble RCM, LLC(6)First lien senior secured loan S + 3.00 %— %02/203325,301 25,276 24,980 \n\nImprivata, Inc.(6)First lien senior secured loan S + 3.00 %— %12/202712,839 12,825 12,707 \n\nIQVIA, Inc.(6)First lien senior secured loan S + 1.75 %— %01/20311,980 1,988 1,984 \n\nPointClickCare Technologies, Inc.(5)First lien senior secured loan S + 2.75 %— %11/203114,962 14,962 14,869 \n\nProject Ruby Ultimate Parent Corp. (dba Wellsky)(5)First lien senior secured loan S + 2.75 %— %03/202811,755 11,757 11,689 \n\nRadnet Management, Inc.Raven Acquisition Holdings, LLC (dba R1 RCM)(6)First lien senior secured loan S + 2.25 %— %04/20312,157 2,167 2,159 \n\nRaven Acquisition Holdings, LLC (dba R1 RCM)(5)First lien senior secured loan S + 3.00 %— %11/203111,557 11,499 11,324 \n\nSouthern Veterinary Partners, LLC(5)First lien senior secured loan S + 2.50 %— %12/203119,020 19,020 18,833 \n\nWaystar Technologies, Inc. (F/K/A Navicure, Inc.)(5)(8)First lien senior secured loan S + 2.00 %— %10/20295,753 5,759 5,739 \n\nZelis Cost Management Buyer, Inc.(5)First lien senior secured loan S + 3.25 %— %11/203111,430 11,387 11,042 \n\n127,117 125,076 21.2 %\n\nHousehold products        \n\nEnergizer Holdings, Inc.(5)First lien senior secured loan S + 2.00 %— %03/2032888 886 885 \n\nSamsonite International S.A.(5)First lien senior secured loan S + 1.75 %— %11/20322,972 2,958 2,971 \n\n3,844 3,856 0.7 %\n\nHuman resource support services        \n\nAQ Carver Buyer, Inc. (dba CoAdvantage)(7)(8)First lien senior secured loan S + 5.50 %— %08/20291,975 1,981 1,545 \n\nDawn Bidco, LLC (dba Dayforce)(6)First lien senior secured loan S + 3.00 %— %10/203221,732 21,680 20,530 \n\niSolved, Inc.(5)First lien senior secured loan S + 2.75 %— %10/203018,891 18,888 17,958 \n\nUKG Inc. (dba Ultimate Software)(6)First lien senior secured loan S + 2.50 %— %02/203117,312 17,313 16,517 \n\n59,862 56,550 9.6 %\n\nInfrastructure and environmental services        \n\nArcwood Environmental, Inc(6)(8)First lien senior secured loan S + 3.25 %— %03/20336,290 6,259 6,290 \n\nASP Acuren Holdings, Inc.(5)First lien senior secured loan S + 2.75 %— %07/20318,436 8,436 8,417 \n\nClean Harbors Inc(5)First lien senior secured loan S + 1.50 %— %09/20323,014 3,014 3,032 \n\nGeosyntec Consultants, Inc.(5)First lien senior secured loan S + 3.00 %— %07/203114,175 14,176 14,113 \n\nGFL Environmental Services Inc.(6)First lien senior secured loan S + 2.50 %— %03/20325,499 5,497 5,495 \n\nGulfside Supply, Inc. (dba Gulfeagle Supply)(6)First lien senior secured loan S + 3.00 %— %06/20313,491 3,386 3,181 \n\n40,768 40,528 6.9 %\n\n7\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nInsurance        \n\nAcrisure, LLC(5)First lien senior secured loan S + 3.00 %— %11/20307,904 7,904 7,645 \n\nAcrisure, LLC(5)First lien senior secured loan S + 3.25 %— %06/20321,918 1,914 1,856 \n\nAlera Group, Inc.(6)First lien senior secured loan S + 2.75 %— %05/203217,236 17,236 16,693 \n\nAlliant Holdings Intermediate LLC(5)First lien senior secured loan S + 2.50 %— %09/20318,400 8,388 8,328 \n\nAmWINS Group, Inc.(5)First lien senior secured loan S + 2.00 %— %01/203214,964 14,965 14,849 \n\nArdonagh Midco 3 PLC(7)First lien senior secured loan S + 2.75 %— %02/20319,991 9,964 9,748 \n\nAsurion, LLC(5)First lien senior secured loan S + 4.25 %— %08/2028913 911 912 \n\nBroadstreet Partners, Inc.(5)First lien senior secured loan S + 2.50 %— %06/203111,876 11,876 11,569 \n\nCFC USA 2025 LLC (dba CFC Insurance)(6)First lien senior secured loan S + 3.50 %— %07/20326,403 6,344 6,099 \n\nHub International(6)First lien senior secured loan S + 2.25 %— %06/20303,466 3,466 3,455 \n\nHyperion Refinance S.à r.l (dba Howden Group)(5)First lien senior secured loan S + 2.75 %— %04/203018,689 18,689 18,205 \n\nHyperion Refinance S.à r.l (dba Howden Group)(5)First lien senior secured loan S + 2.75 %— %02/20313,506 3,506 3,391 \n\nIMA Financial Group, Inc.(5)First lien senior secured loan S + 3.00 %— %11/20288,362 8,343 8,278 \n\nMitchell International, Inc.(5)First lien senior secured loan S + 3.00 %— %06/203113,950 13,833 13,276 \n\nRyan Specialty Group LLC(5)First lien senior secured loan S + 2.00 %— %09/2031743 747 741 \n\nSummit Acquisition Inc. (dba K2 Insurance Services)(5)(8)First lien senior secured loan S + 3.50 %— %10/20313,728 3,728 3,719 \n\nThe Liberty Company Insurance Brokers, LLC(7)(8)First lien senior secured loan S + 3.75 %— %10/20323,131 3,116 2,998 \n\nTrucordia Insurance Holdings, LLC(5)(8)First lien senior secured loan S + 3.25 %— %06/203224,875 24,820 23,756 \n\nTruist Insurance Holdings, LLC(6)First lien senior secured loan S + 2.75 %— %05/20317,673 7,670 7,556 \n\nUSI, Inc.(6)First lien senior secured loan S + 2.25 %— %09/20302,467 2,469 2,458 \n\n169,889 165,532 28.1 %\n\nInternet software and services      \n\nAvalara, Inc.(6)First lien senior secured loan S + 2.75 %— %03/203212,038 12,028 11,748 \n\nCloud Software Group, Inc.(6)First lien senior secured loan S + 3.25 %— %03/20314,950 4,950 4,519 \n\nCloud Software Group, Inc.(6)First lien senior secured loan S + 3.25 %— %08/20329,138 9,125 8,334 \n\nClover Holdings 2, LLC (dba Cohesity)(5)First lien senior secured loan S + 3.75 %— %12/203119,496 19,308 18,644 \n\nDelta TopCo, Inc. (dba Infoblox, Inc.)(5)First lien senior secured loan S + 2.75 %— %11/202919,827 19,684 19,149 \n\nEpicor(5)First lien senior secured loan S + 2.50 %— %05/20311,045 1,044 1,024 \n\nGen Digital Inc(5)First lien senior secured loan S + 1.75 %— %04/20323,300 3,285 3,244 \n\nGenesys Cloud Services, Inc.(5)First lien senior secured loan S + 2.50 %— %01/203214,354 14,319 13,714 \n\nKnowBe4, Inc.(6)First lien senior secured loan S + 3.75 %— %07/203215,910 15,887 14,133 \n\nMcAfee Corp.(5)First lien senior secured loan S + 3.00 %— %03/20292,982 2,966 2,654 \n\nOpal US LLC(6)First lien senior secured loan S + 3.00 %— %04/203211,813 11,771 11,801 \n\nProject Alpha Intermediate Holding, Inc. (dba Qlik)(6)First lien senior secured loan S + 3.25 %— %10/20306,944 6,929 5,231 \n\nProofpoint, Inc.(6)First lien senior secured loan S + 3.00 %— %08/202816,549 16,477 15,998 \n\nQuartz Acquireco, LLC (dba Qualtrics)(6)(8)First lien senior secured loan S + 2.25 %— %06/2030494 493 410 \n\nSedgwick Claims Management Services, Inc.(5)First lien senior secured loan S + 2.50 %— %07/203121,673 21,665 21,250 \n\nSONICWALL US Holdings, Inc.(6)First lien senior secured loan S + 5.00 %— %05/20282,965 2,950 872 \n\nSophos Holdings, LLC(5)First lien senior secured loan S + 3.50 %— %03/202711,792 11,784 11,199 \n\nSS&C(5)First lien senior secured loan S + 2.00 %— %05/20317,861 7,870 7,831 \n\nStarlight Parent, LLC (dba SolarWinds)(6)First lien senior secured loan S + 4.00 %— %04/20329,274 9,026 7,836 \n\nStorable, Inc.(5)First lien senior secured loan S + 3.25 %— %04/203111,554 11,553 11,040 \n\nUST Holdings, Ltd.(5)(8)First lien senior secured loan S + 3.00 %— %11/20285,913 5,923 5,646 \n\nVERDE PURCHASER LLC (dba Veritiv Corp)(6)First lien senior secured loan S + 4.00 %— %11/203010,519 10,503 10,204 \n\n8\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nVIAVI SOLUTIONS INC(6)First lien senior secured loan S + 2.50 %— %10/20324,730 4,720 4,730 \n\nVIRTUSA CORPORATION(5)First lien senior secured loan S + 3.25 %— %02/20292,366 2,373 2,121 \n\nVS Buyer LLC (dba Veeam Software)(6)First lien senior secured loan S + 2.25 %— %04/203112,131 12,069 11,828 \n\n238,702 225,160 38.2 %\n\nInvestment funds and vehicles        \n\nChicago US MidCo III, LP(5)First lien senior secured loan S + 2.50 %— %11/203215,032 14,998 14,857 \n\nGrosvenor(5)First lien senior secured loan S + 2.25 %— %02/2030462 463 462 \n\nJUPITER BORROWER INC (dba Janus Henderson)(6)(8)First lien senior secured loan S + 2.75 %— %03/20339,388 9,341 9,365 \n\n24,802 24,684 4.2 %\n\nLeisure and entertainment        \n\nCedar Fair, L.P. (dba Six Flags Entertainment Corp)(5)First lien senior secured loan S + 2.00 %— %05/20314,711 4,681 4,635 \n\nDelta 2 (Lux) SARL (dba Formula One)(6)First lien senior secured loan S + 1.75 %— %09/20312,000 2,008 1,994 \n\nGBT US III LLC (dba Global Business Travel Group, Inc.)(6)First lien senior secured loan S + 2.00 %— %07/20316,407 6,407 6,266 \n\nLive Nation Entertainment, Inc.(5)First lien senior secured loan S + 2.00 %— %10/203211,461 11,410 11,448 \n\nOakEagle AcquireCo Inc(6)First lien senior secured loan S + 3.50 %— %03/203317,869 17,601 17,758 \n\n42,107 42,101 7.1 %\n\nManufacturing        \n\nALLIANCE LAUNDRY SYSTEMS LLC(6)First lien senior secured loan S + 2.25 %— %08/20316,766 6,767 6,757 \n\nAltar Bidco, Inc.(5)First lien senior secured loan S + 3.10 %— %02/20292,004 1,983 1,991 \n\nChariot Buyer LLC (dba Chamberlain Group)(5)First lien senior secured loan S + 2.75 %— %09/20328,865 8,864 8,773 \n\nCompoSecure Holdings, L.L.C.(5)First lien senior secured loan S + 2.25 %— %01/20337,806 7,800 7,772 \n\nDXP Enterprises, Inc.(5)First lien senior secured loan S + 3.25 %— %10/203010,644 10,644 10,687 \n\nEMRLD Borrower LP (dba Emerson)(6)First lien senior secured loan S + 2.25 %— %05/203011,150 11,153 11,132 \n\nEngineered Machinery Holdings, Inc. (dba Duravant)(6)First lien senior secured loan S + 3.25 %— %11/203220,362 20,307 20,419 \n\nFaraday Buyer, LLC (dba MacLean Power Systems)(6)First lien senior secured loan S + 2.50 %— %02/203313,996 13,962 13,914 \n\nFiltration Group Corporation(5)First lien senior secured loan S + 2.50 %— %10/202810,244 10,244 10,239 \n\nGates Global LLC(5)First lien senior secured loan S + 1.75 %— %11/2029809 807 808 \n\nGloves Buyer, Inc. (dba Protective Industrial Products)(5)First lien senior secured loan S + 4.00 %— %05/203211,632 11,581 11,580 \n\nLegence Holdings LLC(5)First lien senior secured loan S + 2.25 %— %12/20316,699 6,702 6,708 \n\nMADISON IAQ LLC(7)First lien senior secured loan S + 2.50 %— %06/2028805 805 804 \n\nMADISON IAQ LLC(6)First lien senior secured loan S + 2.75 %— %11/203221,455 21,457 21,483 \n\nPro Mach Group, Inc.(5)First lien senior secured loan S + 2.75 %— %10/203221,977 21,932 21,922 \n\nSPECTRIS(6)First lien senior secured loan S + 2.75 %— %12/203213,232 13,206 13,232 \n\nSTS Operating, Inc.(5)First lien senior secured loan S + 4.00 %— %03/20316,995 6,980 6,988 \n\nTega MC Australia Holdings Pty Ltd(6)(8)First lien senior secured loan S + 3.50 %— %03/20337,569 7,494 7,513 \n\nVICTORY BUYER LLC (dba Vantage Elevator)(5)First lien senior secured loan S + 3.00 %— %02/20339,151 9,107 9,146 \n\nWatlow Electric Manufacturing Company(6)First lien senior secured loan S + 3.00 %— %03/20282,960 2,970 2,959 \n\n194,765 194,827 33.0 %\n\nPharmaceuticals        \n\nAlkermes, Inc(5)First lien senior secured loan S + 2.75 %— %08/20317,592 7,575 7,644 \n\nAmneal Pharmaceuticals LLC(5)First lien senior secured loan S + 3.00 %— %08/203215,267 15,235 15,305 \n\nBiomarin Pharmaceutical(6)First lien senior secured loan S + 1.75 %— %01/20338,713 8,693 8,686 \n\nElanco Animal Health Incorporated(5)First lien senior secured loan S + 1.75 %— %10/20326,493 6,448 6,492 \n\nFortrea Holdings Inc.(6)(8)First lien senior secured loan S + 3.50 %— %07/20301,000 983 958 \n\n38,934 39,085 6.6 %\n\n9\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nProfessional services        \n\nAlixPartners, LLP(5)First lien senior secured loan S + 2.00 %— %08/203210,164 10,140 10,058 \n\nApex Group Treasury LLC(6)First lien senior secured loan S + 3.50 %— %02/203222,479 22,324 20,418 \n\nAPI GROUP DE INC(5)First lien senior secured loan S + 1.75 %— %01/20292,840 2,840 2,835 \n\nCamelot U.S. Acquisition 1 Co.(5)First lien senior secured loan S + 2.75 %— %01/20312,000 2,005 1,721 \n\nClearwater Analytics, LLC(5)First lien senior secured loan S + 2.00 %— %04/20324,099 4,099 4,094 \n\nCorporation Service Company(5)First lien senior secured loan S + 2.00 %— %11/20294,719 4,719 4,680 \n\nElement Materials Technology(6)First lien senior secured loan S + 3.50 %— %06/20292,274 2,274 2,278 \n\nElement Solutions, Inc.(5)First lien senior secured loan S + 1.75 %— %12/20302,449 2,447 2,449 \n\nFirst Advantage Holdings LLC(6)First lien senior secured loan S + 2.75 %— %10/20316,199 6,167 6,025 \n\nRed Ventures, LLC(5)First lien senior secured loan S + 2.75 %— %03/2030259 261 228 \n\nSkopima Merger Sub Inc.(5)First lien senior secured loan S + 3.75 %— %05/20284,783 4,783 3,724 \n\nVistage International, Inc.(6)First lien senior secured loan S + 3.75 %— %07/20299,772 9,772 9,644 \n\n71,831 68,154 11.6 %\n\nTelecommunications        \n\nCharter Communications Operating LLC(6)First lien senior secured loan S + 2.25 %— %12/20317,900 7,885 7,895 \n\nCogeco Communications (USA) II L.P.(5)First lien senior secured loan S + 2.50 %— %09/20281,301 1,296 1,238 \n\nEagle Broadband Investments, LLC (dba Mega Broadband Investments)(6)First lien senior secured loan S + 3.00 %— %11/202710,660 10,631 10,138 \n\nVirgin Media Bristol LLC(7)First lien senior secured loan S + 3.18 %— %03/20315,018 4,973 4,563 \n\n24,785 23,834 4.0 %\n\nTransportation\n\nAIT Worldwide Logistics Holdings, Inc.(6)First lien senior secured loan S + 4.00 %— %04/20307,900 7,901 7,906 \n\nEcho Global Logistics, Inc.(5)First lien senior secured loan S + 3.75 %— %11/20281,239 1,230 1,213 \n\nFirst Student Bidco Inc(6)First lien senior secured loan S + 2.25 %— %08/20304,271 4,271 4,255 \n\nGenesee & Wyoming Inc.(6)First lien senior secured loan S + 1.75 %— %04/2031494 491 491 \n\nKKR Apple Bidco, LLC(5)First lien senior secured loan S + 2.50 %— %09/20317,965 7,948 7,965 \n\nNA Rail Hold Co. LLC(6)First lien senior secured loan S + 2.50 %— %03/20323,609 3,609 3,605 \n\n25,450 25,435 4.3 %\n\nTotal Misc.-debt commitments(9)— (29)— — %\n\nTotal Debt Investments$2,474,449 $2,417,836 410.0 %\n\nTotal Investments$2,474,449 $2,417,836 410.0 %\n\n(1) Unless otherwise indicated, Blue Owl Credit SLF’s investments are pledged as collateral supporting the amounts outstanding under Blue Owl Credit SLF’s Debt Facilities.\n\n(2) The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.\n\n(3) Unless otherwise indicated, all investments are considered Level 2 investments.\n\n(4) Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate (“SOFR” or “S”) (which can include one-, three-, six- or twelve-month SOFR), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.\n\n(5) The interest rate on these loans is subject to 1 month SOFR, which as of March 31, 2026 was 3.66%.\n\n(6) The interest rate on these loans is subject to 3 month SOFR, which as of March 31, 2026 was 3.68%.\n\n(7) The interest rate on these loans is subject to 6 month SOFR, which as of March 31, 2026 was 3.70%.\n\n(8) Level 3 investment.\n\n(9) Position or portion thereof is an unfunded loan commitment. See below for more information on the Company’s unfunded commitments.\n\n(10) Totals presented may differ than actuals due to rounding.\n\n10\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of March 31, 2026\n\n(Amounts in thousands)\n\nUnfunded Commitments as of March 31, 2026:\n\nUnfunded\n\nPortfolio CompanyCommitment TypeCommitment Expiration DateFunded\nCommitmentCommitmentFair Value\n\nChicago US MidCo III, LPFirst lien senior secured delayed draw term loan10/12/2027$— $2,232 $— \n\nCitrin Cooperman Advisors LLCFirst lien senior secured delayed draw term loan12/10/2027— 1,619 — \n\nCohnreznick Advisory LLCFirst lien senior secured delayed draw term loan3/31/2027— 484 — \n\nFirst Eagle Holdings, Inc.First lien senior secured delayed draw term loan6/6/2027— 1,777 — \n\nKaman CorporationFirst lien senior secured delayed draw term loan1/30/2027— 830 — \n\nPMI (US) BIDCO, INC.First lien senior secured delayed draw term loan2/6/2028— 1,892 — \n\nPINNACLE BUYER, LLCFirst lien senior secured delayed draw term loan3/12/2027— 3,321 — \n\nPye-Barker Fire & Safety, LLCFirst lien senior secured delayed draw term loan12/31/2027— 2,542 — \n\nRaven Acquisition Holdings, LLC (dba R1 RCM)First lien senior secured delayed draw term loan10/24/2026— 841 — \n\nSavor Acquisition, Inc. (dba Sauer Brands)First lien senior secured delayed draw term loan2/4/2027— 496 — \n\nSignia Aerospace LLCFirst lien senior secured delayed draw term loan$46,348 $— $600 \n\nTotal Portfolio Company Commitments$— $16,634 $— \n\n11\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nDebt Investments\n\nAdvertising and media\n\nOutfront Media Capital LLC(5)First lien senior secured loanS +2.00 %— %09/2032$3,900 $3,895 $3,909 \n\nProject Boost Purchaser, LLC (dba J.D. Power)(6)First lien senior secured loanS +2.75 %— %07/203119,205 19,210 19,245 \n\n23,105 23,154 3.8 %\n\nAerospace and defense\n\nAmentum Government Services Holdings LLC(5)First lien senior secured loanS +2.00 %— %09/20313,408 3,402 3,414 \n\nAmerican Airlines, Inc.(6)First lien senior secured loanS +1.75 %— %01/2027658 656 657 \n\nAmerican Airlines, Inc.(6)First lien senior secured loanS +2.25 %— %02/2028360 357 361 \n\nAmerican Airlines, Inc.(6)First lien senior secured loanS +3.25 %— %05/20323,805 3,768 3,822 \n\nArcline FM Holdings LLC(6)First lien senior secured loanS +2.75 %— %06/20308,321 8,320 8,344 \n\nAvolon TLB Borrower 1 (US) LLC(5)First lien senior secured loanS +1.75 %— %06/203011,315 11,311 11,375 \n\nBleriot US Bidco Inc.(6)First lien senior secured loanS +2.50 %— %10/203021,844 21,844 21,945 \n\nBrown Group Holdings, LLC(5)First lien senior secured loanS +2.50 %— %07/2031497 497 500 \n\nBrown Group Holdings, LLC(5)First lien senior secured loanS +2.75 %— %07/20319,983 9,983 10,028 \n\nDynasty Acquisition Co., Inc. (dba StandardAero Limited)(5)First lien senior secured loanS +2.00 %— %10/203110,395 10,389 10,429 \n\nKaman Corporation(6)First lien senior secured loanS +2.50 %— %02/203210,886 10,876 10,923 \n\nKBR, Inc(5)First lien senior secured loanS +2.00 %— %01/2031990 993 994 \n\nPropulsion (BC) Finco S.A.R.L.(6)First lien senior secured loanS +2.50 %— %12/20326,857 6,840 6,887 \n\nSignia Aerospace LLC(6)First lien senior secured loanS +2.75 %— %12/203112,308 12,309 12,339 \n\nTransdigm Inc.(5)First lien senior secured loanS +2.25 %— %03/2030496 496 498 \n\nTransdigm Inc.(5)First lien senior secured loanS +2.50 %— %01/20329,875 9,855 9,912 \n\nTransdigm Inc.(5)First lien senior secured loanS +2.50 %— %08/20329,589 9,565 9,627 \n\nUnited Airlines, Inc.(5)First lien senior secured loanS +2.00 %— %02/2031990 990 993 \n\n122,451 123,048 20.0 %\n\nAutomotive services\n\nBelron Finance US LLC(6)First lien senior secured loanS +2.25 %— %10/20317,900 7,900 7,940 \n\nMavis Tire Express Services Topco Corp.(5)First lien senior secured loanS +3.00 %— %05/20282,845 2,845 2,854 \n\nMister Car Wash Holdings, Inc.(5)First lien senior secured loanS +2.50 %— %03/2031682 683 684 \n\nVALVOLINE INC(5)First lien senior secured loanS +2.00 %— %12/20323,419 3,402 3,438 \n\nWand Newco 3, Inc. (dba Caliber )(5)First lien senior secured loanS +2.50 %— %01/20314,696 4,696 4,698 \n\n19,526 19,614 3.2 %\n\nBuildings and real estate\n\nAmerican Residential Services, LLC(6)(8)First lien senior secured loanS +2.75 %— %02/20327,190 7,171 7,208 \n\nARCOSA INC(5)First lien senior secured loanS +2.00 %— %10/20312,299 2,299 2,308 \n\nBeacon Roofing Supply, Inc. (dba QXO)(5)First lien senior secured loanS +2.00 %— %04/20321,980 1,976 1,992 \n\nConstruction Partners, Inc.(5)First lien senior secured loanS +2.50 %— %11/2031425 425 427 \n\nCushman & Wakefield U.S. Borrower, LLC(5)(8)First lien senior secured loanS +2.75 %— %01/20302,752 2,724 2,763 \n\nHunter Douglas Inc(6)First lien senior secured loanS +3.00 %— %01/20321,327 1,324 1,332 \n\nKnife River Corporation(6)First lien senior secured loanS +2.00 %— %03/20321,451 1,451 1,451 \n\nMIWD Holdco II LLC(5)First lien senior secured loanS +2.75 %— %03/203110,426 10,276 10,476 \n\nPark River Holdings Inc(6)First lien senior secured loanS +4.50 %— %03/203110,254 10,254 10,278 \n\nQuikrete Holdings, Inc.(5)First lien senior secured loanS +2.25 %— %03/2029496 493 498 \n\nQuikrete Holdings, Inc.(5)First lien senior secured loanS +2.25 %— %02/20327,387 7,373 7,408 \n\nStarwood Property Mortgage, L.L.C.(5)(8)First lien senior secured loanS +1.75 %— %11/20271,785 1,781 1,781 \n\nStarwood Property Mortgage, L.L.C.(5)First lien senior secured loanS +2.25 %— %09/20323,868 3,863 3,878 \n\n51,410 51,800 8.4 %\n\n12\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nBusiness services\n\nBoxer Parent Company Inc. (f/k/a BMC)(6)First lien senior secured loanS +3.00 %— %07/203118,750 18,592 18,686 \n\nBrightView Landscapes, LLC(6)(8)First lien senior secured loanS +2.00 %— %04/20294,500 4,508 4,500 \n\nCCC Intelligent Solutions Inc(5)First lien senior secured loanS +2.00 %— %01/2032759 759 761 \n\nConnectWise, LLC(6)First lien senior secured loanS +3.50 %— %09/202810,625 10,631 10,419 \n\nCoolSys, Inc.(6)First lien senior secured loanS +4.75 %— %08/202814,807 14,644 13,087 \n\nIDEMIA Group SAS(6)First lien senior secured loanS +4.25 %— %09/20282,774 2,793 2,788 \n\nIGT Holding IV AB (dba IFS)(6)(8)First lien senior secured loanS +3.00 %— %09/20311,290 1,290 1,297 \n\nKaseya Inc.(5)First lien senior secured loanS +3.00 %— %03/203212,473 12,432 12,474 \n\nMadison Safety & Flow LLC(5)First lien senior secured loanS +2.50 %— %09/20312,068 2,068 2,080 \n\nMKS Instruments, Inc.(5)First lien senior secured loanS +2.00 %— %08/2029216 217 217 \n\nNVENT ELEC PUB LTD CO (dba Nvent Thermal LLC)(5)First lien senior secured loanS +3.00 %— %01/203213,965 13,904 14,047 \n\nPing Identity Holding Corp.(6)First lien senior secured loanS +2.75 %— %11/203212,331 12,301 12,347 \n\nPINNACLE BUYER, LLC(6)First lien senior secured loanS +2.50 %— %10/203217,228 17,185 17,281 \n\nPlano HoldCo, Inc. (dba Perficient)(6)(8)First lien senior secured loanS +3.50 %— %10/20315,955 5,933 5,761 \n\nPlusgrade Inc.(5)First lien senior secured loanS +3.50 %— %03/20319,259 9,260 9,259 \n\nPye-Barker Fire & Safety, LLC(6)First lien senior secured loanS +2.50 %— %12/203217,013 16,929 17,112 \n\nRed Planet Borrower, LLC (dba Liftoff Mobile)(5)First lien senior secured loanS +4.00 %— %08/203216,232 16,074 16,246 \n\nShift4 Payments, LLC(6)First lien senior secured loanS +2.50 %— %06/20328,611 8,611 8,655 \n\nTecta America Corp.(5)First lien senior secured loanS +2.75 %— %02/203223,200 23,198 23,267 \n\nVestis Corp(6)First lien senior secured loanS +2.25 %— %02/20311,026 987 936 \n\nVM Consolidated, Inc.(5)First lien senior secured loanS +2.00 %— %10/20323,273 3,266 3,294 \n\nXPLOR T1, LLC(6)(8)First lien senior secured loanS +3.50 %— %12/203224,745 24,649 24,745 \n\n220,231 219,259 35.7 %\n\nChemicals\n\nAdvancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(5)(8)First lien senior secured loanS +4.00 %— %11/202717,331 17,331 15,772 \n\nAxalta Coating Systems US Holdings INC(6)First lien senior secured loanS +1.75 %— %12/2029867 867 868 \n\nDerby Buyer LLC (dba Delrin)(5)First lien senior secured loanS +3.00 %— %11/20309,826 9,826 9,849 \n\nEntegris, Inc.(5)First lien senior secured loanS +1.75 %— %07/2029600 602 603 \n\nFORMULATIONS PARENT CORPORATION (dba Chase Corporation)(6)First lien senior secured loanS +4.00 %— %04/20322,353 2,331 2,345 \n\nIneos US Finance LLC(5)First lien senior secured loanS +3.25 %— %02/20303,960 3,888 3,193 \n\nMSOF BEACON LLC(5)(8)First lien senior secured loanS +3.00 %— %12/203210,263 10,195 10,255 \n\nNouryon Finance B.V.(7)First lien senior secured loanS +3.25 %— %04/202811,937 11,907 11,996 \n\nWindsor Holdings III LLC(5)First lien senior secured loanS +2.75 %— %08/20306,942 6,760 6,952 \n\n63,707 61,833 10.1 %\n\nConsumer products\n\nACP Tara Holdings, Inc. (dba Arcadia)(6)(8)First lien senior secured loanS +3.25 %— %12/203215,554 15,516 15,631 \n\nASGN Incorporated(5)First lien senior secured loanS +1.75 %— %08/2030495 500 497 \n\nBEP Intermediate Holdco, LLC (dba Buyers Edge Platform)(5)(8)First lien senior secured loanS +2.75 %— %04/20317,331 7,331 7,386 \n\nHomeServe USA Holding Corp.(5)First lien senior secured loanS +2.00 %— %10/20303,975 3,962 3,977 \n\nNovelis Inc(6)First lien senior secured loanS +1.75 %— %03/20324,609 4,609 4,624 \n\n31,918 32,115 5.2 %\n\nContainers and packaging\n\nBerlin Packaging(5)First lien senior secured loanS +3.25 %— %06/20317,501 7,484 7,515 \n\nCharter NEX US, Inc.(5)First lien senior secured loanS +2.75 %— %11/20304,216 4,214 4,222 \n\nClydesdale Acquisition Holdings, Inc. (dba Novolex)(5)First lien senior secured loanS +3.25 %— %03/203214,405 14,305 14,386 \n\nPlastipak Holdings Inc.(5)First lien senior secured loanS +2.50 %— %09/203222,507 22,398 22,555 \n\n13\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nPregis Topco LLC(5)First lien senior secured loanS +4.00 %— %02/20294,861 4,851 4,899 \n\nProAmpac PG Borrower LLC(6)First lien senior secured loanS +4.00 %— %09/20288,194 8,181 8,199 \n\nRing Container Technologies Group, LLC(5)First lien senior secured loanS +2.50 %— %09/203217,077 17,034 17,116 \n\nSupplyOne, Inc.(5)First lien senior secured loanS +3.50 %— %04/203116,175 16,166 16,197 \n\nTricorbraun Holdings, Inc.(5)First lien senior secured loanS +3.25 %— %03/202820,659 20,484 19,949 \n\n115,117 115,038 18.7 %\n\nDistribution\n\nAI Aqua Merger Sub, Inc. (dba Culligan)(6)First lien senior secured loanS +3.00 %— %07/202811,718 11,593 11,739 \n\nAvient Corporation(6)First lien senior secured loanS +1.75 %— %08/20293,385 3,399 3,404 \n\nBCPE Empire Holdings, Inc. (dba Imperial-Dade)(5)First lien senior secured loanS +3.25 %— %12/203017,820 17,820 17,604 \n\nBradyPLUS Holdings, LLC (f/k/a BradyIFS Holdings, LLC)(6)First lien senior secured loanS +3.50 %— %12/203024,002 23,637 23,717 \n\nPaint Intermediate III LLC (dba Wesco Group)(6)First lien senior secured loanS +3.00 %— %10/203120,091 20,019 20,168 \n\nWhite Cap Supply Holdings, LLC(5)First lien senior secured loanS +3.25 %— %10/20292,897 2,886 2,908 \n\n79,354 79,540 13.0 %\n\nEducation\n\nEllucian Holdings Inc. (f/k/a Sophia, L.P.)(5)First lien senior secured loanS +2.75 %— %10/20299,738 9,738 9,786 \n\nRenaissance Learning, Inc.(5)First lien senior secured loanS +4.00 %— %04/20305,137 4,974 4,475 \n\nSpring Education Group, Inc. (fka SSH Group Holdings, Inc.)(6)First lien senior secured loanS +3.25 %— %10/203013,847 13,846 13,905 \n\n28,558 28,166 4.6 %\n\nEnergy equipment and services\n\nAZZ Inc.(5)First lien senior secured loanS +1.75 %— %05/20292,599 2,610 2,605 \n\nBrookfield WEC Holdings Inc.(5)First lien senior secured loanS +2.00 %— %01/20314,045 4,045 4,050 \n\nCalpine Construction Finance Company(5)First lien senior secured loanS +1.75 %— %07/20303,000 3,000 3,002 \n\nCalpine Corporation(5)First lien senior secured loanS +1.75 %— %01/20311,500 1,499 1,500 \n\nCalpine Corporation(5)First lien senior secured loanS +1.75 %— %02/20324,000 3,990 3,998 \n\nCenturi Group, Inc(5)First lien senior secured loanS +2.25 %— %07/20324,826 4,826 4,840 \n\nFleet U.S. Bidco Inc.(7)(8)First lien senior secured loanS +2.75 %— %02/203119,758 19,760 19,808 \n\n39,730 39,803 6.5 %\n\nFinancial services\n\nAllSpring Buyer(6)First lien senior secured loanS +3.00 %— %11/20301,910 1,906 1,919 \n\nAscensus Holdings, Inc.(5)First lien senior secured loanS +3.00 %— %11/20327,895 7,876 7,882 \n\nBCPE Pequod Buyer, Inc. (dba Envestnet)(5)First lien senior secured loanS +3.00 %— %11/203118,309 18,287 18,338 \n\nBoost Newco Borrower, LLC (dba WorldPay)(6)First lien senior secured loanS +2.00 %— %01/20316,948 6,835 6,952 \n\nChrysaor Bidco s.à r.l. (dba AlterDomus)(6)First lien senior secured loanS +3.25 %— %10/20316,610 6,603 6,651 \n\nCitadel Securities, LP(6)First lien senior secured loanS +2.00 %— %10/20317,033 7,033 7,067 \n\nCitco Funding LLC(5)First lien senior secured loanS +2.75 %— %04/20281,980 1,988 1,992 \n\nCitrin Cooperman Advisors LLC(6)First lien senior secured loanS +3.00 %— %04/20326,734 6,708 6,751 \n\nCohnreznick Advisory LLC(6)First lien senior secured loanS +3.50 %— %03/20326,343 6,319 6,362 \n\nCreative Planning, LLC(5)First lien senior secured loanS +2.00 %— %05/20317,644 7,592 7,658 \n\nEP Wealth Advisors, LLC(6)First lien senior secured loanS +3.00 %— %10/20323,993 3,983 4,003 \n\nFirst Eagle Holdings, Inc.(6)First lien senior secured loanS +3.50 %— %08/20329,144 9,003 9,125 \n\nFocus Financial Partners, LLC(5)First lien senior secured loanS +2.50 %— %09/203114,196 14,191 14,215 \n\nGrant Thornton Advisors LLC(5)First lien senior secured loanS +2.75 %— %06/20313,282 3,261 3,285 \n\nGrant Thornton Advisors LLC(5)First lien senior secured loanS +3.00 %— %06/20312,245 2,219 2,252 \n\nGuggenheim Partners Investment Management Holdings, LLC(6)First lien senior secured loanS +2.50 %— %11/20315,940 5,928 5,960 \n\nKestra Advisor Services Holdings A, Inc.(5)First lien senior secured loanS +3.00 %— %03/20315,400 5,401 5,406 \n\nMARINER WEALTH ADVISORS, LLC(6)First lien senior secured loanS +2.50 %— %12/20304,891 4,891 4,913 \n\nOneDigital Borrower LLC(5)First lien senior secured loanS +3.00 %— %07/203115,464 15,464 15,469 \n\n14\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nOrion Advisor Solutions Inc(6)First lien senior secured loanS +3.25 %— %09/203010,487 10,487 10,500 \n\nOrion US Finco Inc. (dba OSTTRA)(5)First lien senior secured loanS +3.50 %— %05/20328,767 8,767 8,818 \n\nPPI Holding US INC. (dba Nuvei)(5)First lien senior secured loanS +2.50 %— %11/20313,095 3,082 3,108 \n\nPushpay USA Inc(7)(8)First lien senior secured loanS +3.75 %— %08/20315,758 5,757 5,729 \n\nSaphilux S.a.r.L. (dba IQ-EQ)(7)First lien senior secured loanS +3.00 %— %07/202819,474 19,474 19,583 \n\nTMF Sapphire Bidco B.V.(6)First lien senior secured loanS +2.75 %— %05/20282,231 2,229 2,241 \n\nVictory Capital Holdings Inc(6)First lien senior secured loanS +2.00 %— %09/20327,090 7,082 7,121 \n\n192,366 193,300 31.5 %\n\nFood and beverage\n\n1011778 BC / NEW RED FIN (dba Restaurant Brands)(5)First lien senior secured loanS +1.75 %— %09/20301,898 1,890 1,898 \n\nAramark Services, Inc.(5)First lien senior secured loanS +1.75 %— %06/20305,949 5,949 5,962 \n\nAspire Bakeries Holdings, LLC(5)First lien senior secured loanS +3.50 %— %12/20304,208 4,208 4,221 \n\nBalrog Acquisition, Inc. (dba Bakemark)(5)First lien senior secured loanS +4.00 %— %09/202815,051 15,082 12,455 \n\nChobani LLC(5)First lien senior secured loanS +2.25 %— %10/20328,802 8,802 8,837 \n\nFiesta Purchaser, Inc. (dba Shearer's Foods)(5)First lien senior secured loanS +2.75 %— %02/203114,288 14,288 14,268 \n\nFRONERI US INC(7)First lien senior secured loanS +2.25 %— %09/20313,970 3,962 3,966 \n\nFRONERI US INC(6)First lien senior secured loanS +2.25 %— %09/203214,416 14,384 14,410 \n\nIRB Holding Corp (dba Inspire Brands, Inc.)(5)First lien senior secured loanS +2.50 %— %12/203014,157 14,157 14,184 \n\nPegasus BidCo B.V.(6)First lien senior secured loanS +2.75 %— %07/20297,438 7,437 7,447 \n\nRaising Cane's Restaurants, LLC(5)First lien senior secured loanS +2.00 %— %11/203213,496 13,463 13,521 \n\nRed SPV, LLC(5)First lien senior secured loanS +2.25 %— %03/20329,476 9,433 9,472 \n\nSavor Acquisition, Inc. (dba Sauer Brands)(6)First lien senior secured loanS +3.00 %— %02/20325,522 5,502 5,540 \n\nSimply Good Foods USA, Inc.(5)First lien senior secured loanS +2.00 %— %03/20306,853 6,819 6,875 \n\nSnacking Investments US LLC (dba Arnott's Group)(6)First lien senior secured loanS +3.00 %— %10/20327,382 7,364 7,419 \n\nUtz Quality Foods, LLC(6)First lien senior secured loanS +2.50 %— %01/20322,550 2,550 2,560 \n\nWhatabrands LLC (dba Whataburger Restaurants LLC)(5)First lien senior secured loanS +2.50 %— %08/20287,361 7,327 7,379 \n\n142,617 140,414 22.9 %\n\nHealthcare equipment and services\n\nAgiliti Health(6)First lien senior secured loanS +3.00 %— %05/2030990 963 968 \n\nARGENT FINCO LLC(6)(8)First lien senior secured loanS +3.00 %— %11/20324,571 4,560 4,594 \n\nAzalea TopCo, Inc. (dba Press Ganey)(5)First lien senior secured loanS +3.00 %— %04/20316,377 6,382 6,385 \n\nConfluent Medical Technologies, Inc.(6)(8)First lien senior secured loanS +3.00 %— %02/20299,714 9,714 9,763 \n\nCurium BidCo S.A.R.L (dba Curium Pharma)(6)First lien senior secured loanS +3.00 %— %08/20319,685 9,640 9,766 \n\nGlobal Medical Response, Inc.(6)First lien senior secured loanS +3.50 %— %10/203212,642 12,611 12,714 \n\nLUMEXA IMAGING INC(6)(8)First lien senior secured loanS +3.00 %— %12/20325,333 5,320 5,360 \n\nMedline Borrower, LP(5)First lien senior secured loanS +1.75 %— %10/203015,405 15,388 15,455 \n\nNSM Top Holdings Corp. (dba National Seating & Mobility)(6)(8)First lien senior secured loanS +4.25 %— %05/202910,802 10,775 10,829 \n\nResonetics, LLC(6)First lien senior secured loanS +2.75 %— %06/203115,296 15,296 15,312 \n\nSharp Services, LLC(6)First lien senior secured loanS +3.00 %— %09/20322,217 2,206 2,222 \n\nZest Acquisition Corp.(6)(8)First lien senior secured loanS +5.25 %— %02/2028990 995 968 \n\n93,850 94,336 15.4 %\n\nHealthcare providers and services\n\nCHG Healthcare Services, Inc.(6)First lien senior secured loanS +2.75 %— %09/20283,216 3,217 3,230 \n\nCHG PPC Parent LLC(5)(8)First lien senior secured loanS +3.00 %— %12/20284,193 4,181 4,203 \n\nConcentra(5)First lien senior secured loanS +2.00 %— %07/20311,489 1,495 1,498 \n\nConfluent Health, LLC(5)(8)First lien senior secured loanS +4.00 %— %11/202813,346 13,172 11,811 \n\nCovetrus, Inc.(6)(8)First lien senior secured loanS +5.00 %— %10/202915,976 15,369 14,857 \n\nElectron Bidco Inc (dba ExamWorks)(5)First lien senior secured loanS +2.50 %— %11/20281,985 1,985 1,994 \n\n15\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nInizio Group Limited (dba UDG Healthcare)(6)(8)First lien senior secured loanS +4.25 %— %08/20283,080 3,033 2,995 \n\nLSCS Holdings, Inc.(6)First lien senior secured loanS +4.50 %— %03/203212,899 12,837 12,614 \n\nOnex TSG Intermediate Corporation(6)First lien senior secured loanS +3.75 %— %08/20327,263 7,227 7,299 \n\nOption Care Health, Inc(5)First lien senior secured loanS +1.75 %— %09/20323,105 3,098 3,120 \n\nPacific Dental Services, LLC(5)First lien senior secured loanS +2.50 %— %03/20314,768 4,768 4,784 \n\nPhoenix Guarantor Inc(5)First lien senior secured loanS +2.50 %— %02/2031742 742 746 \n\nPhoenix Newco, Inc. (dba Parexel)(5)First lien senior secured loanS +2.75 %— %12/203132,066 31,986 32,152 \n\nSelect Medical Corp.(5)First lien senior secured loanS +2.00 %— %12/20313,565 3,563 3,556 \n\nSoliant Lower Intermediate, LLC (dba Soliant)(7)First lien senior secured loanS +3.75 %— %07/20319,587 9,652 7,694 \n\nSurgery Center Holdings, Inc.(5)First lien senior secured loanS +2.50 %— %12/20303,664 3,655 3,676 \n\nWCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(5)First lien senior secured loanS +3.00 %— %02/20327,458 7,425 7,468 \n\n127,405 123,697 20.1 %\n\nHealthcare technology\n\nAthenahealth Group Inc.(5)First lien senior secured loanS +2.75 %— %02/202912,304 12,299 12,316 \n\nCertara(5)(8)First lien senior secured loanS +2.75 %— %06/2031495 495 499 \n\nCotiviti, Inc.(5)First lien senior secured loanS +2.75 %— %03/20324,441 4,399 4,255 \n\nCotiviti, Inc.(5)First lien senior secured loanS +2.75 %— %05/20315,467 5,431 5,244 \n\nEnsemble RCM, LLC(6)First lien senior secured loanS +3.00 %— %08/202911,446 11,425 11,495 \n\nImprivata, Inc.(6)First lien senior secured loanS +3.00 %— %12/202715,014 15,014 15,059 \n\nIQVIA, Inc.(6)First lien senior secured loanS +1.75 %— %01/20311,985 1,993 1,996 \n\nPointClickCare Technologies, Inc.(6)First lien senior secured loanS +2.75 %— %11/203116,833 16,833 16,840 \n\nProject Ruby Ultimate Parent Corp. (dba Wellsky)(5)First lien senior secured loanS +2.75 %— %03/202811,785 11,786 11,812 \n\nRaven Acquisition Holdings, LLC (dba R1 RCM)(5)First lien senior secured loanS +3.00 %— %11/2031994 998 997 \n\nRaven Acquisition Holdings, LLC (dba R1 RCM)(6)First lien senior secured loanS +2.25 %— %04/20316,980 6,951 7,000 \n\nSouthern Veterinary Partners, LLC(6)First lien senior secured loanS +2.50 %— %12/203125,170 25,170 25,130 \n\nWaystar Technologies, Inc. (F/K/A Navicure, Inc.)(5)(8)First lien senior secured loanS +2.00 %— %10/20294,728 4,728 4,752 \n\nZelis Cost Management Buyer, Inc.(5)First lien senior secured loanS +3.25 %— %11/203111,459 11,412 11,360 \n\n128,934 128,755 21.0 %\n\nHousehold products\n\nEnergizer Holdings, Inc.(5)First lien senior secured loanS +2.00 %— %03/2032890 888 890 \n\nSamsonite International S.A.(5)First lien senior secured loanS +1.75 %— %10/20322,980 2,965 2,989 \n\n3,853 3,879 0.6 %\n\nHuman resource support services\n\nAQ Carver Buyer, Inc. (dba CoAdvantage)(6)First lien senior secured loanS +5.50 %— %08/20291,980 1,986 1,878 \n\nDawn Bidco, LLC (dba Dayforce)(5)First lien senior secured loanS +3.00 %— %10/203221,518 21,464 21,441 \n\niSolved, Inc.(5)First lien senior secured loanS +2.75 %— %10/203016,572 16,569 16,598 \n\nUKG Inc. (dba Ultimate Software)(6)First lien senior secured loanS +2.50 %— %02/203117,355 17,356 17,362 \n\n57,375 57,279 9.3 %\n\nInfrastructure and environmental services\n\nASP Acuren Holdings, Inc.(5)First lien senior secured loanS +2.75 %— %07/20318,457 8,457 8,491 \n\nClean Harbors Inc(5)First lien senior secured loanS +1.50 %— %09/20323,022 3,022 3,047 \n\nGeosyntec Consultants, Inc.(5)(8)First lien senior secured loanS +3.00 %— %07/203110,431 10,431 10,484 \n\nGFL Environmental Services Inc.(6)First lien senior secured loanS +2.50 %— %03/20325,512 5,510 5,529 \n\n27,420 27,551 4.5 %\n\nInsurance\n\nAcrisure, LLC(5)First lien senior secured loanS +3.00 %— %11/20307,924 7,924 7,909 \n\nAcrisure, LLC(5)First lien senior secured loanS +3.25 %— %06/20321,923 1,918 1,922 \n\n16\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nAlera Group, Inc.(5)First lien senior secured loanS +3.25 %— %05/203217,279 17,197 17,353 \n\nAlliant Holdings Intermediate LLC(5)First lien senior secured loanS +2.50 %— %09/20315,971 5,971 5,983 \n\nAmWINS Group, Inc.(5)First lien senior secured loanS +2.25 %— %01/203216,002 15,932 16,042 \n\nArdonagh Midco 3 PLC(6)First lien senior secured loanS +2.75 %— %02/203111,071 11,042 11,036 \n\nAsurion, LLC(5)First lien senior secured loanS +4.25 %— %08/20287,712 7,690 7,722 \n\nBaldwin Insurance Group Holdings LLC (dba The Baldwin Group)(6)First lien senior secured loanS +2.50 %— %05/20316,857 6,823 6,835 \n\nBroadstreet Partners, Inc.(5)First lien senior secured loanS +2.75 %— %06/203110,890 10,890 10,922 \n\nCFC USA 2025 LLC (dba CFC Insurance)(6)First lien senior secured loanS +3.75 %— %07/20326,419 6,357 6,235 \n\nHub International(6)First lien senior secured loanS +2.25 %— %06/20303,476 3,476 3,492 \n\nHyperion Refinance S.à r.l (dba Howden Group)(5)First lien senior secured loanS +2.75 %— %04/203018,736 18,735 18,771 \n\nHyperion Refinance S.à r.l (dba Howden Group)(5)First lien senior secured loanS +2.75 %— %02/20313,515 3,515 3,520 \n\nIMA Financial Group, Inc.(5)First lien senior secured loanS +3.00 %— %11/20288,383 8,362 8,397 \n\nMitchell International, Inc.(5)First lien senior secured loanS +3.25 %— %06/20318,379 8,343 8,401 \n\nRyan Specialty Group LLC(5)First lien senior secured loanS +2.00 %— %09/2031745 749 745 \n\nSummit Acquisition Inc. (dba K2 Insurance Services)(5)(8)First lien senior secured loanS +3.50 %— %10/20313,737 3,737 3,756 \n\nThe Liberty Company Insurance Brokers, LLC(6)(8)First lien senior secured loanS +3.75 %— %10/20324,437 4,415 4,448 \n\nTrucordia Insurance Holdings, LLC(5)(8)First lien senior secured loanS +3.25 %— %06/203224,938 24,877 24,750 \n\nTruist Insurance Holdings, LLC(6)First lien senior secured loanS +2.75 %— %05/20317,673 7,670 7,676 \n\nUSI, Inc.(6)First lien senior secured loanS +2.25 %— %09/20301,012 1,012 1,014 \n\n176,635 176,929 28.8 %\n\nInternet software and services\n\nAvalara, Inc.(6)First lien senior secured loanS +2.75 %— %03/203214,118 14,119 14,169 \n\nCloud Software Group, Inc.(6)First lien senior secured loanS +3.25 %— %03/20314,963 4,963 4,967 \n\nCloud Software Group, Inc.(6)First lien senior secured loanS +3.25 %— %08/20328,784 8,784 8,789 \n\nClover Holdings 2, LLC (dba Cohesity)(5)First lien senior secured loanS +3.96 %— %12/203119,545 19,344 19,527 \n\nDayforce Inc(6)(8)First lien senior secured loanS +2.00 %— %03/20311,980 1,981 1,973 \n\nDelta TopCo, Inc. (dba Infoblox, Inc.)(5)First lien senior secured loanS +2.75 %— %11/202921,787 21,651 21,658 \n\nEpicor(5)First lien senior secured loanS +2.50 %— %05/2031742 745 744 \n\nGen Digital Inc(5)First lien senior secured loanS +1.75 %— %04/20323,308 3,292 3,310 \n\nGenesys Cloud Services, Inc.(5)First lien senior secured loanS +2.50 %— %01/203214,123 14,093 14,079 \n\nJavelin Buyer, Inc. (dba JAGGAER)(6)First lien senior secured loanS +2.75 %— %12/20312,729 2,729 2,736 \n\nKnowBe4, Inc.(6)First lien senior secured loanS +3.75 %— %07/203215,707 15,696 15,698 \n\nMcAfee Corp.(5)First lien senior secured loanS +3.00 %— %03/20294,245 4,227 3,904 \n\nProject Alpha Intermediate Holding, Inc. (dba Qlik)(6)First lien senior secured loanS +3.25 %— %10/20307,089 7,072 7,073 \n\nProofpoint, Inc.(6)First lien senior secured loanS +3.00 %— %08/202820,703 20,606 20,790 \n\nQuartz Acquireco, LLC (dba Qualtrics)(6)(8)First lien senior secured loanS +2.25 %— %06/2030495 494 494 \n\nSedgwick Claims Management Services, Inc.(5)First lien senior secured loanS +2.50 %— %07/203121,727 21,720 21,790 \n\nSONICWALL US Holdings, Inc.(6)First lien senior secured loanS +5.00 %— %05/20282,972 2,956 1,899 \n\nSophos Holdings, LLC(5)First lien senior secured loanS +3.50 %— %03/202711,823 11,811 11,821 \n\nSS&C(5)First lien senior secured loanS +2.00 %— %05/20318,024 8,033 8,068 \n\nStarlight Parent, LLC (dba SolarWinds)(6)First lien senior secured loanS +4.00 %— %04/20329,297 9,039 9,274 \n\nStorable, Inc.(5)First lien senior secured loanS +3.25 %— %04/203111,584 11,581 11,628 \n\nUST Holdings, Ltd.(5)(8)First lien senior secured loanS +3.00 %— %11/20285,928 5,938 5,943 \n\nVERDE PURCHASER LLC (dba Veritiv Corp)(6)First lien senior secured loanS +4.00 %— %11/203010,546 10,528 10,535 \n\nVertiv Group Corp.(5)First lien senior secured loanS +1.75 %— %08/20323,990 3,990 4,007 \n\nVIAVI SOLUTIONS INC(6)(8)First lien senior secured loanS +2.50 %— %10/20326,306 6,292 6,338 \n\n17\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nVIRTUSA CORPORATION(5)First lien senior secured loanS +3.25 %— %02/20292,372 2,380 2,376 \n\nVS Buyer LLC (dba Veeam Software)(6)First lien senior secured loanS +2.25 %— %04/203112,162 12,096 12,192 \n\n246,160 245,782 40.0 %\n\nInvestment funds and vehicles\n\nChicago US MidCo III, LP(5)(8)First lien senior secured loanS +2.50 %— %11/203215,032 14,995 15,069 \n\nGrosvenor(5)First lien senior secured loanS +2.25 %— %02/2030545 547 547 \n\n15,542 15,616 2.5 %\n\nLeisure and entertainment\n\nCedar Fair, L.P. (dba Six Flags Entertainment Corp)(5)First lien senior secured loanS +2.00 %— %05/20314,723 4,691 4,663 \n\nDelta 2 (Lux) SARL (dba Formula One)(6)First lien senior secured loanS +1.75 %— %09/20312,000 2,008 2,005 \n\nGBT US III LLC (dba Global Business Travel Group, Inc.)(6)First lien senior secured loanS +2.50 %— %07/20314,714 4,684 4,726 \n\nLive Nation Entertainment, Inc.(5)First lien senior secured loanS +2.00 %— %10/203211,490 11,434 11,490 \n\nWMG Acquisition Corp(6)First lien senior secured loanS +1.75 %— %01/20311,000 1,002 1,002 \n\n23,819 23,886 3.9 %\n\nManufacturing\n\nALLIANCE LAUNDRY SYSTEMS LLC(6)First lien senior secured loanS +2.25 %— %08/20317,105 7,105 7,132 \n\nAltar Bidco, Inc.(5)First lien senior secured loanS +3.10 %— %02/20296,352 6,260 6,276 \n\nChariot Buyer LLC (dba Chamberlain Group)(5)First lien senior secured loanS +2.75 %— %09/203212,213 12,215 12,231 \n\nColumbus McKinnon Corp.(6)(8)First lien senior secured loanS +2.50 %— %05/2028963 965 963 \n\nDXP Enterprises, Inc.(5)First lien senior secured loanS +3.25 %— %10/203010,671 10,671 10,749 \n\nEMRLD Borrower LP (dba Emerson)(6)First lien senior secured loanS +2.25 %— %05/203011,455 11,456 11,478 \n\nEngineered Machinery Holdings, Inc. (dba Duravant)(6)First lien senior secured loanS +3.25 %— %11/203222,666 22,607 22,790 \n\nFiltration Group Corporation(5)First lien senior secured loanS +2.75 %— %10/202810,449 10,449 10,497 \n\nGates Global LLC(5)First lien senior secured loanS +1.75 %— %11/2029812 809 813 \n\nGloves Buyer, Inc. (dba Protective Industrial Products)(5)First lien senior secured loanS +4.00 %— %05/203211,661 11,606 11,587 \n\nLegence Holdings LLC(5)First lien senior secured loanS +2.25 %— %12/20316,716 6,719 6,755 \n\nMADISON IAQ LLC(7)First lien senior secured loanS +2.50 %— %06/2028807 807 811 \n\nMADISON IAQ LLC(6)First lien senior secured loanS +2.75 %— %11/203222,537 22,537 22,661 \n\nPro Mach Group, Inc.(5)First lien senior secured loanS +2.75 %— %10/203219,965 19,915 20,085 \n\nSPECTRIS(6)First lien senior secured loanS +2.75 %— %09/203213,265 13,233 13,315 \n\nWatlow Electric Manufacturing Company(6)First lien senior secured loanS +3.00 %— %03/20282,969 2,979 2,985 \n\n160,333 161,128 26.2 %\n\nPharmaceuticals\n\nAmneal Pharmaceuticals LLC(5)First lien senior secured loanS +3.50 %— %08/203215,306 15,269 15,420 \n\nElanco Animal Health Incorporated(5)First lien senior secured loanS +1.75 %— %10/20326,509 6,461 6,516 \n\nFortrea Holdings Inc.(5)(8)First lien senior secured loanS +3.75 %— %07/20301,000 982 963 \n\nOpal US LLC(6)First lien senior secured loanS +3.00 %— %04/203216,734 16,668 16,822 \n\n39,380 39,721 6.5 %\n\nProfessional services\n\nAlixPartners, LLP(5)First lien senior secured loanS +2.00 %— %08/20328,514 8,497 8,524 \n\nApex Group Treasury LLC(6)First lien senior secured loanS +3.50 %— %02/203222,536 22,375 21,148 \n\nAPI GROUP DE INC(5)First lien senior secured loanS +1.75 %— %01/20292,840 2,840 2,849 \n\nCamelot U.S. Acquisition 1 Co.(5)First lien senior secured loanS +2.75 %— %01/20312,000 2,006 1,971 \n\nClearwater Analytics, LLC(7)First lien senior secured loanS +2.00 %— %04/20324,109 4,109 4,101 \n\nCorporation Service Company(5)First lien senior secured loanS +2.00 %— %11/20295,021 5,021 5,017 \n\nElement Materials Technology(6)First lien senior secured loanS +3.67 %— %06/20292,280 2,289 2,294 \n\nElement Solutions, Inc.(6)First lien senior secured loanS +1.75 %— %12/20302,449 2,446 2,461 \n\nFirst Advantage Holdings LLC(5)First lien senior secured loanS +2.75 %— %10/20314,653 4,652 4,599 \n\n18\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nInterest\n\nCompany(1)(3)(4)InvestmentRef. RateCashPIKMaturity DatePar / UnitsAmortized Cost(2)Fair ValuePercentage of Members’ Equity(10)\n\nRed Ventures, LLC(5)First lien senior secured loanS +2.75 %— %03/2030260 262 249 \n\nSkopima Merger Sub Inc.(5)First lien senior secured loanS +3.75 %— %05/20284,796 4,796 4,362 \n\nVistage International, Inc.(6)(8)First lien senior secured loanS +3.75 %— %07/20299,797 9,797 9,748 \n\n69,090 67,323 11.0 %\n\nTelecommunications\n\nCharter Communications Operating LLC(6)First lien senior secured loanS +2.25 %— %12/20317,920 7,903 7,925 \n\nCogeco Communications (USA) II L.P.(5)First lien senior secured loanS +2.50 %— %09/20281,304 1,299 1,253 \n\nEagle Broadband Investments, LLC (dba Mega Broadband Investments)(6)First lien senior secured loanS +3.00 %— %11/202710,688 10,653 10,112 \n\nVirgin Media Bristol LLC(7)First lien senior secured loanS +3.18 %— %03/20315,018 4,970 4,965 \n\n24,825 24,255 3.9 %\n\nTransportation\n\nAIT Worldwide Logistics Holdings, Inc.(6)First lien senior secured loanS +4.00 %— %04/20307,920 7,920 7,956 \n\nEcho Global Logistics, Inc.(5)First lien senior secured loanS +3.75 %— %11/20281,677 1,663 1,648 \n\nFirst Student Bidco Inc(6)First lien senior secured loanS +2.50 %— %08/20304,271 4,266 4,282 \n\nGenesee & Wyoming Inc.(6)First lien senior secured loanS +1.75 %— %04/2031495 492 495 \n\nKKR Apple Bidco, LLC(5)First lien senior secured loanS +2.50 %— %09/20317,985 7,967 8,024 \n\nNA Rail Hold Co. LLC(6)First lien senior secured loanS +3.00 %— %03/20323,618 3,610 3,642 \n\n25,918 26,047 4.2 %\n\nTotal Misc.-debt commitments(9)— 69 99 — %\n\nTotal Debt Investments$2,350,698 $2,343,367 381.6 %\n\nTotal Investments$2,350,698 $2,343,367 381.6 %\n\n(1) Unless otherwise indicated, Blue Owl Credit SLF’s investments are pledged as collateral supporting the amounts outstanding under Blue Owl Credit SLF’s Debt Facilities.\n\n(2) The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.\n\n(3) Unless otherwise indicated, all investments are considered Level 2 investments.\n\n(4) Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate (“SOFR” or “S”) (which can include one-, three-, six- or twelve-month SOFR), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.\n\n(5) The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2025 was 4.13%.\n\n(6) The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2025 was 3.98%.\n\n(7) The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2025 was 3.85%\n\n(8) Level 3 investment.\n\n(9) Position or portion thereof is an unfunded loan commitment. See below for more information on the Company’s unfunded commitments.\n\n(10) Totals presented may differ than actuals due to rounding.\n\n19\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nConsolidated Schedule of Investments\n\nAs of December 31, 2025\n\n(Amounts in thousands)\n\nUnfunded Commitments as of December 31, 2025:\n\nUnfunded\n\nPortfolio CompanyCommitment TypeCommitment Expiration DateFunded\nCommitmentCommitmentFair Value\n\nChicago US Midco III LPFirst lien senior secured delayed draw term loan10/2027$— $2,232 $— \n\nCitrin Cooperman Advisors LLCFirst lien senior secured delayed draw term loan12/2027— 1,619 — \n\nCohnreznick Advisory LLCFirst lien senior secured delayed draw term loan03/2027— 1,010 — \n\nFirst Eagle Holdings, Inc.First lien senior secured delayed draw term loan06/2027— 1,561 — \n\nKaman CorporationFirst lien senior secured delayed draw term loan01/202799 933 99 \n\nPINNACLE BUYER, LLCFirst lien senior secured delayed draw term loan03/2027— 3,321 — \n\nPye-Barker Fire & Safety, LLCFirst lien senior secured delayed draw term loan12/2027— 2,542 — \n\nRaven Acquisition Holdings, LLC (dba R1 RCM)First lien senior secured delayed draw term loan10/2026— 510 — \n\nSavor Acquisition, Inc. (dba Sauer Brands)First lien senior secured delayed draw term loan02/2027— 496 — \n\nTotal Portfolio Company Commitments$99 $14,824 $99 \n\n20\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nNotes to the consolidated financial information\n\nOrganization and Principal Business\n\nBlue 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 March 31, 2026. The Company’s principal purpose is to make investments primarily in senior secured loans to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. The Company is managed by a board of directors comprised of an equal number of directors appointed by each Member and which acts unanimously. Except under certain circumstances, contributions to the Company cannot be redeemed. Investment decisions must be approved by the Company’s board of directors. The Credit SLF Members coinvest through Credit SLF, or its wholly owned subsidiaries. The Company’s date of inception was May 6, 2024, and the Company made its first portfolio company investment on July 23, 2024.\n\nPrior 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.\n\nInvestment Portfolio Detail\n\nThe table below presents the composition of investments at fair value and amortized cost as of March 31, 2026 and December 31, 2025, respectively:\n\nMarch 31, 2026December 31, 2025\n\n($ in thousands)Amortized CostFair ValueAmortized CostFair Value\n\nFirst-lien senior secured debt investments$2,474,449 $2,417,836 $2,350,698 $2,343,367 \n\nTotal Investments$2,474,449 $2,417,836 $2,350,698 $2,343,367 \n\n21\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nThe table below presents the industry composition of investments based on fair value as of March 31, 2026 and December 31, 2025, respectively:\n\nMarch 31, 2026December 31, 2025\n\nAdvertising and media1.4 1.0 %\n\nAerospace and defense5.9 5.3 \n\nAutomotive services1.2 0.8 \n\nBuildings and real estate2.2 2.2 \n\nBusiness services8.7 9.4 \n\nChemicals2.5 2.6 \n\nConsumer products1.6 1.4 \n\nContainers and packaging5.3 4.9 \n\nDistribution2.5 3.4 \n\nEducation0.4 1.2 \n\nEnergy equipment and services1.0 1.7 \n\nFinancial services8.2 8.2 \n\nFood and beverage6.4 6.0 \n\nHealthcare equipment and services4.3 4.0 \n\nHealthcare providers and services5.4 5.3 \n\nHealthcare technology5.2 5.5 \n\nHousehold products0.2 0.2 \n\nHuman resource support services2.3 2.4 \n\nInfrastructure and environmental services1.7 1.2 \n\nInsurance6.8 7.6 \n\nInternet software and services9.5 10.4 \n\nInvestment funds and vehicle1.0 0.7 \n\nLeisure and entertainment1.7 1.0 \n\nManufacturing8.1 6.9 \n\nPharmaceuticals1.6 1.7 \n\nProfessional Services2.8 2.9 \n\nTelecommunications1.0 1.0 \n\nTransportation1.1 1.1 \n\nTotal100.0 %100.0 %\n\nThe table below presents the geographic composition of investments based on fair value as of March 31, 2026 and December 31, 2025, respectively:\n\nMarch 31, 2026December 31, 2025\n\nUnited States:\n\nMidwest24.3 %24.6 %\n\nNortheast19.0 17.4 \n\nSouth28.0 28.4 \n\nWest15.4 15.9 \n\nInternational13.3 13.7 \n\nTotal100.0 %100.0 %\n\n22\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nThe table below presents the fair value hierarchy of investments as of March 31, 2026 and December 31, 2025 respectively:\n\nFair Value Hierarchy as of March 31, 2026\n\n($ in thousands)Level 1Level 2Level 3Total\n\nFirst-lien senior secured debt investments$— $2,191,212 $226,624 $2,417,836 \n\nTotal Investments$— $2,191,212 $226,624 $2,417,836 \n\nFair Value Hierarchy as of December 31, 2025\n\n($ in thousands)\nLevel 1\n\nLevel 2\n\nLevel 3\n\nTotal\n\nFirst-lien senior secured debt investments$— $2,065,767 $277,600 $2,343,367 \n\nTotal Investments$— $2,065,767 $277,600 $2,343,367 \n\nDebt Activity\n\nBank of America Facility\n\nOn 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.\n\nOn 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 March 31, 2026, there was $162.8 million outstanding under the Bank of America Facility.\n\nBorrowings 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 $0.2 million of unused commitment fees for the period ended March 31, 2026.\n\nRBC Facility\n\nOn June 5, 2024, the Company’s subsidiary, WISE CLO 2025-3 LTD. (fka BOC SLF WH II RB LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, as borrower, joined a $300.0 million revolving credit facility (the “RBC Facility”) with, among others, Royal Bank of Canada, as lender and administrative agent, and U.S. Bank Trust Company, National Association, as collateral custodian. The Company acts as the collateral manager and the first loss provider with respect to the RBC Facility. Proceeds from the RBC Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the RBC Facility is October 14, 2032. On July 24, 2025, a portion of the proceeds from the WISE CLO 2025-3 Transaction (as defined below) were used to repay certain amounts outstanding under the RBC Facility and WISE CLO 2025-3 LTD. was released from the RBC Facility.\n\nOn 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 March 31, 2026, there was $109.6 million outstanding under the RBC Facility.\n\nBorrowings under the RBC Facility bear interest at a per annum rate equal to SOFR +1.55%.\n\n23\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nCitibank Facility\n\nOn June 28, 2024, the Company’s subsidiary, WISE CLO 2025-4 LTD. (fka BOC SLF WH III C LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a revolving credit facility (the “Citibank Facility”) with, among others, Citibank, N.A., as lender and administrative agent. The commitment of the Citibank Facility is up to $300.0 million, and was $215.0 million as of December 31, 2024 and $100.0 million as of December 31, 2025, respectively. 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.\n\nOn July 23, 2025, the Company’s subsidiary, BOC SLF C-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as co-borrower to the Citibank Facility. The Company holds preference shares in BOC SLF C-2 LTD. On September 4, 2025, in connection with the WISE CLO 2025-4 Transaction, certain of the assets held by WISE CLO 2025-4 LTD. were transferred via a master participation agreement to BOC SLF C-2 Ltd. As of March 31, 2026, $103.3 million outstanding under the Citibank Facility.\n\nBorrowings 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%.\n\nWells Fargo Facility\n\nOn August 1, 2024, the Company’s subsidiary, WISE CLO 2025-2 LTD. (fka BOC SLF WH 4 LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined a $300.0 million revolving credit facility (the “Wells Fargo Facility”) originally with, among others, and Wells Fargo Bank, National Association, as a lender and administrative agent. The Company acts as the collateral manager and the first loss provider with respect to the Wells Fargo Facility. Proceeds from the Wells Fargo Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Wells Fargo Facility is August 1, 2027. On March 31, 2025, a portion of the proceeds from the WISE CLO 2025-2 Transaction (as defined below) were used to repay certain amounts outstanding under the Wells Fargo Facility and WISE CLO 2025-2 LTD. was released from the Wells Fargo Facility.\n\nOn 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 WISE CLO 2025-2 LTD. were transferred via a master participation agreement to BOC SLF WF-2 LTD. As of March 31, 2026, there was $152.2 million outstanding under the Wells Fargo Facility.\n\nBorrowings under the Wells Fargo Facility bear interest at a per annum rate equal to Daily Simple SOFR + 1.50%. The Wells Fargo Facility also has an unused commitment fee which accrues at 0.375% of unused facility amount after the six-month anniversary of the most recent securitization. There was $0.1 million of unused commitment fee as of March 31, 2026.\n\nMizuho Bank Facility\n\nOn November 14, 2025, the Company’s subsidiary, BOC SLF Z LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a $240.0 million revolving credit facility (the “Mizuho Bank Facility”) with, among others, and Mizuho Bank Ltd., as lender and administrative agent. The Company acts as the collateral manager and the first loss provider with respect to the Mizuho Bank Facility. It holds preference shares in BOC SLF Z LTD. Proceeds from the Mizuho Bank Facility will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Mizuho Bank Facility is November 14, 2027. As of March 31, 2026, there was $36.2 million outstanding under the Mizuho Bank Facility.\n\nBorrowings under the Mizuho Bank Facility bear interest at a per annum rate equal to (i) from the Facility Closing Date to and including May 14, 2026, 1.05% and (ii) thereafter, 1.10%; provided that on and after the Revolving Period End Date, the Applicable Margin shall increase to 2.00%; provided further, that upon the occurrence of Event of Default, the Applicable Margin shall increase 2.00%.\n\nWISE CLO 2025-1\n\nOn 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\n\n24\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nClass 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.\n\nWISE CLO 2025-2\n\nOn August 1, 2024, the Company’s subsidiary, WISE CLO 2025-2 LTD (fka “BOC SLF WH 4 WF LTD.”) was incorporated as a company under the laws of the Cayman Islands. On March 31, 2025, WISE CLO 2025-2 LTD., as issuer, and WISE CLO 2025-2, LLC, as co-issuer, closed a CLO transaction (the “WISE CLO 2025-2 Transaction”) using the financial assets previously acquired by WISE CLO 2025-2 LTD as the collateral underpinning the transaction and issued $236.0 million of Class A Notes, $56.0 million of Class B Notes, $28.0 million of Class C Notes, and $92.0 million of Subordinated Notes pursuant to an Indenture dated March 31, 2025 among WISE CLO 2025-2 LTD., as issuer, WISE CLO 2025-2, LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2025-2 Transaction have a stated maturity of April 20, 2038.\n\nWISE CLO 2025-3\n\nOn 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.\n\nWISE CLO 2025-4\n\nOn 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 $91.8 million of Subordinated Notes pursuant to an Indenture dated September 4, 2025 among WISE CLO 2025-4 LTD., as issuer, WISE CLO 2025-4, LLC, as co-issuer, and US Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2025-4 Transaction have a stated maturity of September 20, 2038.\n\nFinancial Instruments Not Carried at Fair Value\n\nThe fair value of the Company’s debt, which is categorized as Level 3 within the fair value hierarchy as of March 31, 2026, approximates the carrying value. The carrying amounts of the Company’s assets and liabilities, other than investments at fair value, approximate fair value due to their short maturities.\n\n25\n\nBlue Owl Credit SLF LLC\n\nSupplemental Financial Information (Unaudited)\n\nThe table below presents the net carrying value of the Company’s debt obligations as of March 31, 2026 and December 31, 2025 respectively:\n\nMarch 31, 2026\n\n($ in thousands)Aggregate Principal CommittedOutstanding Principal\nAmount Available(1)\nUnamortized Debt Issuance CostsNet Carrying Value\n\nWISE CLO 2025-1 LTD.$320,000 $320,000 $— $1,961 $318,039 \n\nWISE CLO 2025-2 LTD.319,160 319,160 — 1,732 317,428 \n\nWISE CLO 2025-3 LTD.318,000 318,000 — 1,808 316,192 \n\nWISE CLO 2025-4 LTD.317,935 317,935 — 1,680 316,255 \n\nBank of America Facility300,000 162,812 48,450 220 162,592 \n\nRBC Facility300,000 109,642 26,046 312 109,330 \n\nCitibank Facility\n105,000 103,294 1,280 172 103,122 \n\nWells Fargo Facility300,000 152,222 48,632 211 152,011 \n\nMizuho Facility240,000 36,209 4,058 — 36,209 \n\nTotal Debt$2,520,095 $1,839,274 $128,465 $8,096 $1,831,178 \n\n(1) The amount available reflects any collateral related limitations at the Company level related to each credit facility’s borrowing base.\n\nDecember 31, 2025\n\n($ in thousands)Aggregate Principal CommittedOutstanding PrincipalAmount Available(1)Unamortized Debt Issuance CostsNet Carrying Value\n\nWISE CLO 2025-1 LTD.$320,000 $320,000 $— $2,001 $317,999 \n\nWISE CLO 2025-2 LTD.319,160 319,160 — 1,767 317,393 \n\nWISE CLO 2025-3 LTD.318,000 318,000 — 1,844 316,156 \n\nWISE CLO 2025-4 LTD.317,935 317,935 — 1,806 316,129 \n\nBank of America Facility300,000 141,765 29,368 265 141,500 \n\nRBC Facility300,000 93,117 16,015 324 92,793 \n\nCitibank Facility 100,000 84,790 15,210 206 84,584 \n\nWells Fargo Facility300,000 137,819 26,421 250 137,569 \n\nMizuho Facility240,000 4,240 14,850 — 4,240 \n\nTotal Debt$2,515,095 $1,736,826 $101,864 $8,463 $1,728,363 \n\n(1) The amount available reflects any collateral related limitations at the Company level related to each credit facility’s borrowing base.\n\nThe table below presents the components of interest expense for the following periods:\n\nFor the Three Months Ended March 31,\n\n($ in thousands)20262025\n\nInterest expense$23,100 $12,907 \n\nAmortization of debt issuance costs337 142 \n\nTotal Interest Expense$23,814 $13,049 \n\nAverage interest rate5.1 %5.9 %\n\nAverage daily outstanding borrowings$1,797,971 $873,227 \n\n26"}