Oaktree Specialty Lending plans $300M 7% 2031 notes
Oaktree Specialty Lending Corporation agreed to issue $300 million of 7.000% notes due 2031, generating expected net proceeds of about $296.5 million.
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Form Type
8-K
Rhea-AI Filing Summary
Oaktree Specialty Lending Corporation (OCSL) entered into an underwriting agreement on September 9, 2026 in connection with the issuance and sale of $300.0 million aggregate principal amount of 7.000% Notes due 2031. The closing of the offering is expected to occur on September 16, 2026, subject to customary closing conditions. Net proceeds to the company are expected to be $296.5 million after an underwriting discount of $2.6 million and estimated offering expenses of approximately $0.8 million, with the notes offered under its effective shelf registration statement on Form N-2.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Aggregate principal amount of Notes: $300.0 million
Coupon rate on Notes: 7.000%
Net proceeds: $296.5 million
+4 more
7 metrics
Aggregate principal amount of Notes
$300.0 million
7.000% Notes due 2031 to be issued by Oaktree Specialty Lending Corporation
Coupon rate on Notes
7.000%
Interest rate on Notes due 2031
Net proceeds
$296.5 million
Expected net proceeds to Oaktree Specialty Lending Corporation from the notes offering
Underwriting discount
$2.6 million
Underwriting discount payable by the company on the notes offering
Estimated offering expenses
$0.8 million
Estimated expenses of the offering payable by the company
Expected closing date
September 16, 2026
Anticipated closing of the 7.000% Notes due 2031 offering
Underwriting agreement date
September 9, 2026
Date Oaktree Specialty Lending Corporation entered into the underwriting agreement
Key Terms
Underwriting Agreement, aggregate principal amount, shelf registration statement, prospectus supplement, +1 more
5 terms
Underwriting Agreement financial
"entered into an underwriting agreement by and among the Company"
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
aggregate principal amount financial
"issuance and sale of $300.0 million aggregate principal amount of the Company’s 7.000% Notes"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
shelf registration statement regulatory
"being made pursuant to the Company’s effective shelf registration statement on Form N-2"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"as supplemented by a preliminary prospectus supplement, dated September 9, 2026, and a final prospectus supplement"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
net proceeds financial
"The net proceeds to the Company will be $296.5 million"
The amount of money a company actually keeps from a sale or fundraising after paying all direct costs and fees, similar to take-home pay after taxes and deductions. Investors care because net proceeds determine how much cash is available for things that affect value—paying debt, funding projects, buying assets, or returning money to shareholders—so it influences future growth potential and financial health.
Offering Details
shelf · $300.0 million aggregate principal amount
Offering
Offering Type
shelf
Securities Offered
7.000% Notes due 2031
Offering Amount
$300.0 million aggregate principal amount
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did OCSL announce regarding new debt securities in this 8-K?
Oaktree Specialty Lending Corporation announced an underwriting agreement for the issuance and sale of $300.0 million aggregate principal amount of 7.000% Notes due 2031, with the closing of the offering expected on September 16, 2026, subject to customary closing conditions.
What net proceeds will OCSL (OCSL) receive from the 7.000% Notes due 2031 offering?
The company expects to receive $296.5 million in net proceeds from the offering, after deducting an $2.6 million underwriting discount and approximately $0.8 million of estimated offering expenses, all payable by Oaktree Specialty Lending Corporation.
What are the key terms of OCSL’s new notes described in the filing?
The new securities are 7.000% Notes due 2031 with an aggregate principal amount of $300.0 million. They are being issued pursuant to Oaktree Specialty Lending Corporation’s effective shelf registration statement on Form N-2 and related preliminary and final prospectus supplements dated September 9, 2026.
When is the closing of OCSL’s 7.000% Notes due 2031 offering expected?
The closing of the offering of Oaktree Specialty Lending Corporation’s 7.000% Notes due 2031 is expected to occur on September 16, 2026, subject to customary closing conditions described in the underwriting agreement.
Which underwriters are involved in OCSL’s $300 million notes offering?
The underwriting agreement involves J.P. Morgan Securities LLC, BNP Paribas Securities Corp., ING Financial Markets LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, Inc. as representatives of the several underwriters, alongside Oaktree Fund Advisors, LLC and Oaktree Fund Administration, LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
