81 F
New York
Saturday, July 2, 2022

Oaktree [NASDAQ: OCSL] Announces Pricing of Underwritten Public Offering

Must read

Oaktree Specialty Lending Corporation [NASDAQ: OCSL] disclosed that it has set the price of an underwritten public offering of $350.0 million aggregate principal amount of 2.700% notes due 2027. As per the firm, the notes will mature on January 15, 2027. Notes will be transferred in whole or in part at any time at par plus a “make-whole” premium, if relevant.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Oaktree disclosed that the firm is endeavoring to grow its financing bases with the valuing of this attractive, long-term debt. The firm is confident that this deal reinforces its balance sheet. Furthermore, the firm is trying to enhance its financing flexibility after the latest ending of the merger with Oaktree Strategic Income Corporation.

Shares of Oaktree went down 1.42% as it has lost -0.09 during the trading session of Tuesday. In the past 52-weeks of trading, the share of the firm fluctuated between the 52-week low and high range of $3.82 and $6.83, respectively. It has recorded a total decline of 72.38% from its 52-week low and a surge of -3.59%. OCSL market capitalization has reached 1.19 billion at the time of writing.

Additionally, Oaktree Specialty Lending anticipates utilizing the net profit to lessen its due debt under its revolving credit facility. Furthermore, it is also planning to use it for general business purposes. The offering is anticipated to execute on May 18, 2021after the fulfillment of certain ending conditions.

More articles

Latest article



Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam