Oaktree Specialty Lending Corp (OCSL): M&A transaction — OCSL completes merger with OSI II; combined company assets >$3.3B

Oaktree Specialty Lending Corp

Combined company pro forma assets exceed $3.3B as of Dec 31, 2022.
Legacy OCSL stockholders own ~79.4%; former OSI II stockholders ~20.6%.
OSI II stockholders received 0.9115 OCSL shares per OSI II share.
Oaktree will waive $9M in base management fees over two years ($6M year 1, $3M year 2).
Adjusted NAV per share as of Jan 20: OCSL $19.88, OSI II $18.12.

item 1.01 item 1.02 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Oaktree Specialty Lending Corp completed an acquisition involving Oaktree Strategic Income II, Inc. (OSI2) for 0.9115 shares of OCSL common stock (closed 2023-01-23).

Action: acquisition
Counterparty: Oaktree Strategic Income II, Inc. (OSI2)
Consideration: 0.9115 shares of OCSL common stock
Closing: 2023-01-23

Exact text from the filing

In accordance with the terms of the Merger Agreement, at the effective time of the Merger, each outstanding share of OSI2 common stock was converted into the right to receive 0.9115 shares of OCSL common stock (with OSI2’s stockholders receiving cash in lieu of fractional shares of OCSL common stock). As a result of the Mergers, OCSL issued an aggregate of

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Oaktree Specialty Lending Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-012750

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