finished comments market of job XXXX relatively on economy environment. shape market The with at rate grew steady begin growth. I'll annual The everyone. an in fourth the hello, calendar strong and the Matt, calendar job with also X.X% in Thanks, US quarter.
marked However, aggressive earlier Federal months, from reflecting likely rate the actions. Reserve's slowdown both measures
they year, rates. While pause spring lower two of once and end futures begin the increases rate calendar next to at the again markets betting anticipate Fed by meetings, additional are that before they will also the late
expectation case US driven by The will a rate. that pivot rapid decline dovish the this appears continue at for fairly inflation to
year, the inflation will in largest US which However, economy upward the on fully economic China, impacting may the has slowed, in growth world's reopened, has prices exert boost second global and simultaneously US. likely global inflation this while pressure
the recession. continues starting wage the show unemployment economic than years. Still, and tight labor with ease, XX slide growth slowing historically to the consumer a recent off market and signaling rate be and lowest spending US of job economy picture leveling could figures more growth is US in to strong is that Further, mixed is US health, into
backlog opportunities creates new economic for uncertain Oaktree. the noted, that of All
and cycles withstand capital our the have to We a needed strong we perspective, shareholders. all a generate have market experienced invest to continue across volatility and and long-term returns base short-term conviction strong with for and
team's are new investment we confident forward, long maintaining moving in credit identifying our cautious remain solid quality. also of will we opportunities, while history While
As best on find value focused can you calls, returns. have market the risk-adjusted the relative previous where on areas we we in heard me emphasize of
We strong for we draw build and on provide customized Oaktree's protection. our upon that ability scale and the favorable backed structure the leveraging sponsor invest non-sponsor terms deploying shareholders. firm's and to resources to multiple risk deals returns and generate our capital including downside Altogether, are areas, portfolio markets, further to negotiate across
in our the of $X.X billion XX% with up to fair well quarter, a secured loans with capital the the structure. overall portfolio diversified was of earlier. at lien on XX%, year turning value the portfolio Now was the top portfolio. the At representing first XXX loans, at companies, across close underscoring being XXX senior invested our of first from emphasis
emphasize risk, been to that steady inflationary present the to more environment diversified very well downturns. equipped current challenging continued continue We the our have better borrowers and because larger, market businesses have they're navigate navigating lower Overall, conditions. performance despite to experience
relatively Leverage market line $XXX December XX portfolio EBITDA with companies steady times, portfolio middle was our at prior leverage overall million, in generally approximately below in of X.X well as levels. company the of quarter. was Median
from interest rising platform leverage quarter December which base million quarter. due times was X.X portfolio's investment weighted new companies Oaktree $XXX the commitments, to of X.X to the the to average The $XXX in new to slightly times We rates. declined portfolio coverage prior as of XX million originate of committed in
activity. examples few a our representative share investment of me new Let
supporting of a non-sponsored originated share, America as well loan Europe. and to The free manufacturer First, holds we Industries, strong original healthy a to cash a is public sells in a and company company wheels. as a distributors light automobile equipment and aluminum high margins. generates that It profile leading low aftermarket and truck leverage market maintains designer Superior North manufacturers, flow,
$XXX Oaktree million The priced existing commitment in plus of the allocated was loan that loan and $XX SOFR million deal a sole secured term to refinance XXX. was senior at OCSL was a used attractively debt. consisted
provider to America It Europe. from cargo passenger throughout America destinations is is a also North first leading major services Group Airlines example and transportation another Latin LATAM it and and good applies quarter. in of our air
previously million the priced X.X% opportunities A deal capital. was LATAM in loan, and and SOFR its CLO of company $XXX XXXX. plus part As The total back Oaktree as continuing restructuring late additional allocated of discount. the funded loan. OCSL find an OCSL at market had in to of to refinance X.X% which to Oaktree are ABS. Notably, also billion you protection $X.X working an million, raise $XX investment original call debt with recall, issue involved we existing discounted came in may led and debt syndicated an
upside quarter the par. in to totaled see XX% Our these should We CLO average potential significant million ABS and price purchases an over par for of time. of $XX.X return with
liquidity both to OCSL across position, periods platform In contraction growth of summary, in experienced continue our of sourcing well position the Oaktree excellent as XXXX. as put the power for strong and
to Now, financial results detail. call more Chris over I to discuss our the will turn in
