Oaktree Specialty Stock Price, News & Analysis

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will report its financial results for the second fiscal quarter, ending March 31, 2023, before market opening on May 4, 2023. A conference call will take place on the same day at 11:00 a.m. ET, allowing investors to discuss the results. The call can be accessed via phone or a live webcast, which will also be available for replay. Oaktree Specialty Lending focuses on providing tailored credit solutions to companies with limited capital market access, aiming for current income and capital appreciation through various financing options.

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported strong financial results for Q1 FY 2023, showing significant growth in investment income. Total investment income reached $79.2 million ($1.30/share), up from $70.1 million ($1.15/share) in Q4 FY 2022. Adjusted net investment income also increased to $37.1 million ($0.61/share) from $33.7 million ($0.55/share). NAV per share decreased to $19.63 due to special distributions and unrealized depreciation. The company declared a quarterly cash distribution of $0.55/share, marking the 11th consecutive increase. Following a recent merger with Oaktree Strategic Income II, total assets exceed $3.3 billion, enhancing financial flexibility for new investments.

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) announced the successful merger with Oaktree Strategic Income II, Inc. (OSI II), making OCSL the surviving entity. As of December 31, 2022, the merged company boasts over $3.3 billion in assets. OCSL shareholders will own approximately 79.4% of the combined entity, while former OSI II shareholders will hold about 20.6%. Additionally, Oaktree will waive $9 million in management fees over two years as part of the merger agreement. This strategic move aims to enhance financial flexibility and scale in the competitive financing market.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) and Oaktree Strategic Income II, Inc. (OSI II) announced stockholder approval for a two-step merger, with over 96% of OCSL and 89% of OSI II stockholders voting in favor. The merger is anticipated to close around January 23, 2023, pending customary conditions. CEO Armen Panossian expressed gratitude for the strong backing and confidence in the merger's benefits. Additionally, OCSL received approval for a 1-for-3 reverse stock split, effective January 23, 2023. This strategic move aims to enhance scale and operational efficiency in providing customized credit solutions.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will report its financial results for the first fiscal quarter ended December 31, 2022, before the market opens on February 7, 2023. A conference call to discuss these results will be held at 11:00 a.m. ET on the same day. Investors can participate by calling (877) 507-3275 for U.S. callers or +1 (412) 317-5238 for non-U.S. callers. A live webcast will also be available on the company’s website. For those unable to attend live, a replay will be accessible afterwards.

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported financial results for the fiscal year and quarter ending September 30, 2022. Total investment income reached $70.1 million for Q4 and $262.5 million for the full year, up from $63.1 million and $209.4 million respectively year-over-year. Despite an increase in total investment income, GAAP net investment income decreased to $35.9 million for Q4, attributed to higher interest expenses. The company declared a quarterly cash distribution of $0.18 per share, marking a 6% increase, alongside a special distribution of $0.14 per share.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will report its fourth fiscal quarter and full year results for the period ending September 30, 2022, on November 15, 2022. The announcement will precede the opening of the Nasdaq Global Select Market. A conference call to discuss these results will take place at 11:00 a.m. Eastern Time that same day. Interested parties can access the call by phone or through a live webcast on the company’s website. Oaktree Specialty Lending focuses on providing customized credit solutions with an emphasis on income generation and capital appreciation.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) has announced a merger agreement with Oaktree Strategic Income II, Inc. (OSI II). Under the arrangement, OSI II stockholders will receive OCSL shares equivalent to their shares' net asset value (NAV) at closing, resulting in a pro forma ownership distribution of 79.5% for OCSL and 20.5% for OSI II stockholders. The merger, subject to stockholder approval, aims to enhance financial performance through operational synergies and lower costs, with approximately $3 billion in assets and a focus on maintaining investment quality.