---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-245119"
form_type: "8-K"
ticker: "OCSL"
cik: "0001414932"
company_name: "Oaktree Specialty Lending Corp"
filed_at: "2022-09-15T23:59:59+00:00"
generated_at: "2026-06-23T09:21:28.591579+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OCSL and OSI II agree to merge; OCSL to issue shares based on NAV, expected Q2 2023 close

## Summary
- Exchange ratio based on NAV; illustrative 2.71 OCSL shares per OSI2 share (June 30 NAV).
- Pro forma ownership: 79.5% OCSL, 20.5% OSI2 stockholders.
- Adviser waives $9M base mgmt fees: $6M in year 1, $3M in year 2 post-close.
- Combined portfolio >$3B assets, 158 cos, 89% senior secured, no non-accrual.
- Termination fees: ~$9.8M (OSI2) and ~$37.9M (OCSL) if superior proposal appears.

## SEC filing metadata
- accession: 0001193125-22-245119
- form_type: 8-K
- ticker: OCSL
- cik: 0001414932
- company_name: Oaktree Specialty Lending Corp
- filed_at: 2022-09-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414932/000119312522245119/0001193125-22-245119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414932/000119312522245119/d397394d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-245119
- JSON: https://secwatch.observer/filing/0001193125-22-245119.json
- Plain text: https://secwatch.observer/filing/0001193125-22-245119.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.