secwatch.observer — SEC 8-K summary
======================================

Issuer:     Oaktree Specialty Lending Corp (OCSL)
CIK:        0001414932
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0001193125-22-245119
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414932/000119312522245119/0001193125-22-245119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414932/000119312522245119/d397394d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-245119

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer