# EDGAR Filing Document

**Accession Number:** 0001974793
**File Stem:** 0001193125-25-155489
**Filing Date:** 2025-7
**Character Count:** 13343
**Document Hash:** 56736953a6deebaaf4e685ecbeb328d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-155489.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0001193125-25-155489

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250630

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oaktree Gardens OLP, LLC
- **CENTRAL INDEX KEY:** 0001974793

**ORGANIZATION NAME:**
- **EIN:** 922553158
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01633
- **FILM NUMBER:** 251105569

**BUSINESS ADDRESS:**
- **STREET 1:** C/O OAKTREE CAPITAL MANAGEMENT, L.P.
- **STREET 2:** 333 S. GRAND AVENUE, 28TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-830-6300

**MAIL ADDRESS:**
- **STREET 1:** C/O OAKTREE CAPITAL MANAGEMENT, L.P.
- **STREET 2:** 333 S. GRAND AVENUE, 28TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### PURSUANT TO SECTION 13 OR 15(d)

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### Date of Report (Date of earliest event reported): July 3, 2025 (June 30, 2025)

## Oaktree Gardens OLP, LLC

#### (Exact name of Registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **000-56548** | **92-2553158** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **333 South Grand Avenue, 28th Floor**<br> **Los Angeles, CA** | **90071** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code: (213) 830-6300

#### Not Applicable

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: **None**

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☒ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

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#### Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Unregistered Sales of Equity Securities.
On and effective as of June 30, 2025, Oaktree Gardens OLP, LLC (the "Company") entered into a first amendment (the "Amendment") to its amended and restated limited liability company, dated May 4, 2023, to, among other things, allow up to 20% of capital commitments to be invested in securities or obligations of portfolio companies that are based in Europe (as determined in good faith by the Company's investment adviser). Previously, the Company's investment restrictions did not permit investing in the securities or obligations of portfolio companies that are based in Europe.

#### Item 9.01. Financial Statements and Exhibits.
(d) *Exhibits*

---

| | |
|:---|:---|
| 3.1 | [First Amendment to Amended and Restated Limited Liability Company Operating Agreement](d949994dex31.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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#### SIGNATURE
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **OAKTREE GARDENS OLP, LLC** | **OAKTREE GARDENS OLP, LLC** |
| Date: July 3, 2025 | By: | /s/ Christopher McKown |
|  |  | Name: Christopher McKown |
|  |  | Title: Chief Financial Officer and Treasurer |

---

## Exhibit 3.1

**Exhibit 3.1** 

**OAKTREE GARDENS OLP, LLC** 

**FIRST AMENDMENT TO** 

**AMENDED AND RESTATED** 

**LIMITED LIABILITY COMPANY AGREEMENT** 

This First Amendment (this "<u>Amendment</u>") to the Amended and Restated Limited Liability Company Agreement of Oaktree Gardens OLP, LLC, a Delaware limited liability company (the "<u>Company</u>"), is made and entered into on this 30<sup>th</sup> day of June 2025, by and between the Company and Oaktree Gardens OLP SPV, L.P., (the "<u>Member</u>") for the purpose of amending the Amended and Restated Limited Liability Company Agreement of the Company, dated May 4, 2023 (as the same may be further amended or amended and restated from time to time in accordance with its terms, the "<u>Agreement</u>"). Capitalized terms used herein without definition have the meanings specified in the Agreement. All "Section" references herein are references to sections of the Agreement unless otherwise indicated.

**RECITALS** 

WHEREAS, the Company and the Member desire to amend certain provisions of the Agreement;

WHEREAS, pursuant to Section 11.1.1 of the Agreement, such amendments require the written consent of the Board and a majority-in-interest of the Common Unitholders;

WHEREAS, as of the date hereof, the Board and a majority-in-interest of the Common Unitholders have consented to amend the Agreement as set forth in this Amendment.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements set forth herein, the parties hereto hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Amendments</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 4.1(b) of the Agreement is hereby amended and restated in its entirety to read as follows:

"The Company shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) invest more than 15% of Capital Commitments, in the aggregate and based on cost, in securities issued by, or
with respect to, any one Portfolio Company or consolidated group of Portfolio Companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) invest more than 40% of Capital Commitments, in the aggregate and based on cost, in Portfolio Companies in any
single industry (as determined in good faith by the Investment Adviser);

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) invest more than 4% of Capital Commitments, in the aggregate and based on cost, in securities or obligations of
a single Portfolio Company or invest more than 20% of Capital Commitments, in the aggregate for all investments pursuant to this clause (b)(3) and, in each case, based on cost, in securities or obligations of Portfolio Companies, in each case that,
as determined by the Investment Adviser in its sole discretion, have negative earnings before interest, taxes and depreciation (EBITDA); provided the principal of the loan to any such Portfolio Company shall not exceed 30% of the value of such
Portfolio Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) invest in the oil and gas sector (as determined in good faith by the Investment Adviser);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) invest in second lien or mezzanine securities, in each case, that are not purchased or acquired in connection
with or related to loan restructurings or amendments or invest in equity securities or warrants, in each case, that are not purchased or acquired in connection with or related to a debt financing (including loan restructurings or amendments)
provided by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) invest in Portfolio Companies that are not United States Persons (within the meaning of the Code); provided the
Company may invest no more than 20% of Capital Commitments, in the aggregate and based on cost, in securities or obligations of Portfolio Companies that are based in Europe (as determined in good faith by the Investment Adviser); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) engage in selling securities short unless such sale is for the purpose of hedging currency risk or hedging an
existing equity investment of the Company (and, for the avoidance of doubt, the Company may utilize a swap or other derivative to accomplish the intent of the foregoing).

The limitations set forth above with respect to the Company will not apply at the level of any equity or debt securities issued by a special purpose vehicle where the equity of such special purpose vehicle is majority-owned by the Company or any of its consolidated subsidiaries. Compliance with the foregoing investment restrictions will be measured at the time of each investment and will not be affected by (a) subsequent fluctuations in the value of such investment, (b) subsequent conversion, exchange transactions or securities received, retained or otherwise held by the Company in connection with an initial public offering or sale of an investment in a Portfolio Company or (c) other subsequent events or circumstances. For purposes of determining compliance with the limitations in this Section 4.1(b), all references to the Company shall be deemed to include the Company together with all of its consolidated subsidiaries."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 11.1.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

"Except as otherwise provided in this Agreement, the terms and provisions of this Agreement may be amended with the consent of the Board during or after the term of the Company, together with the prior written consent of a majority-in-interest of the Common Unitholders."

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Effectiveness of Amendment</u>. Each of the undersigned, by its signature below, does hereby give its written consent to the amendment of the Agreement in accordance with the foregoing provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Confirmation of the Partnership Agreement</u>. The terms, conditions and agreements set forth in the Agreement, as amended by paragraph 1 of this Amendment, are hereby ratified and confirmed and shall continue in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Counterparts</u>. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Governing Law</u>. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE. In particular, it shall be construed to the maximum extent possible to comply with all of the terms and conditions of the Delaware Act. If, nevertheless, it shall be determined by a court of competent jurisdiction that any provision or wording of this Amendment shall be invalid or unenforceable under said Delaware Act or other applicable law, such invalidity or unenforceability shall not invalidate the entire Amendment. In that case, this Amendment shall be construed so as to limit any term or provision so as to make it enforceable or valid within the requirements of any applicable law, and, in the event such term or provision cannot be so limited, this Agreement shall be construed to omit such invalid or unenforceable provisions.

[*signature page follows*]

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IN WITNESS WHEREOF, the undersigned has executed this Amendment as of the day, month and year first above written.

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| | |
|:---|:---|
| OAKTREE GARDENS OLP, LLC | OAKTREE GARDENS OLP, LLC |
| By: | /s/ Mary Gallegly |
|  | Name: Mary Gallegly |
|  | Title: General Counsel and Secretary |

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*[Signature page to First Amendment to A&R LLC Agreement]* 

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IN WITNESS WHEREOF, the undersigned has executed this Amendment as of the day, month and year first above written.

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| | |
|:---|:---|
| OAKTREE GARDENS OLP SPV, L.P. | OAKTREE GARDENS OLP SPV, L.P. |
| By: | Oaktree OLPG GP, L.P., *its general partner* |
| By: | Oaktree OLPG GP Ltd., *its general partner* |
| By: | Oaktree Capital Management, L.P., *its director* |
| By: | /s/ Brian Price |
|  | Name: Brian Price |
|  | Title: Managing Director |
| By: | /s/ Maria Attaar |
|  | Name: Maria Attaar |
|  | Title: Senior Vice President |

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*[Signature page to First Amendment to A&R LLC Agreement]*