with I'll begin then market Thanks, activity everyone. the observations with hello, Matt, conclude on and environment. comments our portfolio and regarding
Our quarter. of the well of was billion $X companies with close portfolio across value XXX at diversified fair the
in representing prioritize loans lien at We loans to the the senior continue invested of capital first investing structure, top XX% of and at portfolio the with fair portfolio value. secured XX% the of
of EBITDA To on was portfolio risk, approximately companies X.Xx, below well leverage approximately focused are and minimize middle company Median further our was $XXX more market as portfolio overall December businesses. diversified million levels. we larger, leverage in
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is move further healthy, our new origination strong As we we of and the opportunities. activity pipeline a have into year,
to Turning credit quality.
as by we OTG also Pharmaceuticals, Thrasio, of an noted, increase nonaccruals the experienced Management Matt Singer. during additions quarter, Stitch Impel acquisition, driven known the As in and
on CIG been and thus which removed Logistics, nonaccrual, was had restructured nonaccrual from name, status. Another
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was Management, the travel our We this several in from OTG airports investment slowdown. U.S. alongside this airport made the emerging business throughout funds the company XXXX, Regarding concession pandemic operates company opportunities across an as
faced higher in as air expense the from rates, solid been travel interest a has has and flow performance rebounded, company's interest the pressuring generation. burden While cash has increase
which agreement Given company and under long-term for these stability, headwinds, the the position an growth initiatives January, in to including investors series acquire other of Oaktree a announced will the business company. and
are we for confident prospects While this fluid in this is the situation, business. a long-term
long-term sale Impel on in filed slower anticipated, and December for process company that key bankruptcy quarter. Pharmaceuticals the ultimate coming of is company business We'll exits company currently central focused this in out the biotech share our Sales nervous a the plays as system to protection and the during a sale more months. on of have product The bankruptcy, process recovery. we're and is develops the been have the value engaged as than it drugs. the name maximizing
sewing sponsor as largest and previously the a lenders other on of since with business company had world's are has we capital, the initially returns to additional with company, Singer, during the business machine but has solution a Lastly, it working endured supported consumer The slowdown. the pandemic, surge seen a growth.
payments, investment the interest has current cash that based trading While secondary prices, nonaccrual. to it on this we determined on move its company stayed prudent to was
each are our shape. achieve of these of on workouts It successful portfolio is we extensive experience that leveraging important with And the and rest to our shareholders. nonaccruals, in note is of overall behalf to Oaktree's outcomes solid
costs, more past carried as interest X before, service of our overall portfolio, into struggle present borrowers monitoring XXXX. that heard Increased to calendar potential debt. borrowing closely in for health say are rates me the to have elevated years the here We the you've high increasingly expensive mindful
turn mind, to cycle. hike surge markets limited on With investors credit the months. Both and and been supply an after view increase I'll lenient, over in potential legal to that put of months, to competition, about spreads in have In and end environment. rallied private as resulting summer easing more credit eager optimism moving and activity seen a have becoming investors markets rate as in inflation express public have recent the our a market experiencing terms in tighter capital the work
persistence that about elevated businesses. heard you've a discuss mindful inflation rates of challenge previous with could risks Nevertheless, The interest slowdown, borrowers loads. concern we high are me the a still calls. remains prevailing despite And debt for on
that the event the refinance we difficulties companies face are closely as years, Additionally, in become that will could financial it to in monitoring conditions need coming restricted.
we be backdrop, warranted. believe caution this to Against continues
breadth and and markets as drawing Our the both backed they value, upon arise. did invest carefully investment scale relative attractive prioritizes opportunities resources in the we first of pursue Oaktree's quarter, to across and sponsor selectively full as the nonsponsor approach
forward. ability and profitability navigating liquidity from my year to our robust Our capital, and basis These and commitment to date improved the the the our deliver of success moving strong OCSL and for also fuel ample foundation confidence to volatility our returns ahead. strategy in attributes short-term in
call more to will detail. results to Chris in over I Now discuss financial our turn the
