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    SEC Form 8-K filed by Oaktree Specialty Lending Corporation

    2/21/25 4:05:19 PM ET
    $OCSL
    Finance: Consumer Services
    Finance
    Get the next $OCSL alert in real time by email
    8-K
    false0001414932CA 0001414932 2025-02-20 2025-02-20 iso4217:USD
     
     
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
     
     
    FORM
    8-K
     
     
    CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d)
    OF THE SECURITIES EXCHANGE ACT OF 1934
    Date of Report (Date of earliest event reported): February 21, 2025 (February 20, 2025)
     
     
    Oaktree Specialty Lending Corporation
    (Exact name of Registrant as specified in its charter)
     
     
     
    Delaware
     
    814-00755
     
    26-1219283
    (State or other jurisdiction
    of incorporation)
     
    (Commission
    File Number)
     
    (I.R.S. Employer
    Identification No.)
     
    333 South Grand Avenue, 28th Floor
    Los Angeles,
    CA
     
    90071
    (Address of principal executive offices)
     
    (Zip Code)
    Registrant’s telephone number, including area code: (213)
    830-6300
    Not Applicable
    (Former name or former address, if changed since last report)
     
     
    Check the appropriate box below if the Form
    8-K
    filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
     
    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
    ☐
    Soliciting material pursuant to Rule
    14a-12
    under the Exchange Act (17 CFR
    240.14a-12)
     
    ☐
    Pre-commencement
    communications pursuant to Rule
    14d-2(b)
    under the Exchange Act (17 CFR
    240.14d-2(b))
     
    ☐
    Pre-commencement
    communications pursuant to Rule
    13e-4(c)
    under the Exchange Act (17 CFR
    240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
     
    Title of each class
     
    Trading
    Symbol(s)
     
    Name of each exchange
    on which registered
    Common stock, par value $0.01 per share   OCSL   The Nasdaq Stock Market LLC
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
    12b-2
    of the Securities Exchange Act of 1934
    (§240.12b-2 of
    this chapter).
    ☐ Emerging growth company
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
     
     
     

    Item 1.01.
    Entry into a Material Definitive Agreement.
    On February 20, 2025, Oaktree Specialty Lending Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company, Oaktree Fund Advisors, LLC, Oaktree Fund Administration, LLC, and SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters, in connection with the issuance and sale of $300.0 million aggregate principal amount of the Company’s 6.340% Notes due 2030 (the “Offering”). The closing of the Offering is expected to occur on February 27, 2025, subject to customary closing conditions. The net proceeds to the Company will be $296.2 million, after deducting the underwriting discount of $3.0 million payable by the Company and estimated Offering expenses of approximately $0.8 million payable by the Company.
    The offering is being made pursuant to the Company’s effective shelf registration statement on Form
    N-2
    (Registration
    No. 333-269628)
    filed with the Securities and Exchange Commission, as supplemented by a preliminary prospectus supplement, dated February 20, 2025, and a final prospectus supplement dated February 20, 2025. This Current Report on Form
    8-K
    shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
    The description above is only a summary of the material provisions of the Underwriting Agreement and is qualified in its entirety by reference to a copy of the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form
    8-K
    and incorporated by reference herein.
     
    Item 9.01.
    Financial Statements and Exhibits.
     
    (d)
    Exhibits
     
    1.1    Underwriting Agreement, dated February 20, 2025 by and among Oaktree Specialty Lending Corporation, Oaktree Fund Advisors, LLC, Oaktree Fund Administration, LLC, SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC and Wells Fargo Securities, LLC
    104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

    SIGNATURE
    Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
        OAKTREE SPECIALTY LENDING CORPORATION
    Date: February 21, 2025     By:  
    /s/ Christopher McKown
        Name:   Christopher McKown
        Title:   Chief Financial Officer and Treasurer
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