other material
confidence high
sentiment neutral
materiality 0.60
Oaktree Specialty Lending enters into $125M ATM equity distribution agreement
Oaktree Specialty Lending Corp
- Entered equity distribution agreement to sell up to $125M of common stock at-the-market through multiple placement agents.
- Placement agents receive up to 1.5% commissions; net proceeds estimated at ~$122.7M after ~$0.4M expenses.
- Sales may be made on Nasdaq or other exchanges at prevailing market prices or in negotiated transactions.