OTF Debt-Run Expansion Tests Dividend Coverage Ahead
OTF completed a $150 million private placement of 7.60% senior unsecured notes due Sept 3, 2032, lifting total debt financing since June 30 to $800 million. The move, along with August debt issuances and a SPV facility, reshapes funding costs and available capacity. The critical catalyst is whether higher portfolio income after financing can lift NII above the $0.35 base dividend in coming quarters.
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