---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-012750"
form_type: "8-K"
ticker: "OCSL"
cik: "0001414932"
company_name: "Oaktree Specialty Lending Corp"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:38:07.423686+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# OCSL completes merger with OSI II; combined company assets >$3.3B

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-012750
- form_type: 8-K
- ticker: OCSL
- cik: 0001414932
- company_name: Oaktree Specialty Lending Corp
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414932/000119312523012750/0001193125-23-012750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414932/000119312523012750/d280532d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-012750
- JSON: https://secwatch.observer/filing/0001193125-23-012750.json
- Plain text: https://secwatch.observer/filing/0001193125-23-012750.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414932/000119312523012750/0001193125-23-012750-index.htm

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