DOD Office of Strategic Capital Begins Its Direct Lending Efforts to Secure U.S. Industrial Base

Covington & Burling – The Office of Strategic Capital (“OSC”) within the Department of Defense (“DOD”) has launched a Credit Program, under which it will provide debt financing in critical technology areas that drive national and economic security.  As an initial step, OSC is soliciting applications for equipment loans, which may be submitted between January 2 and February 3, 2025.