Oaktree Specialty Lending Prices $350 Million Notes Offering
03:43 AM EDT, 05/12/2021 (MT Newswires) -- Oaktree Specialty Lending (OCSL) on Tuesday priced a public offering of $350 million in aggregate principal amount of 2.700% notes due 2027.
The company said the notes will mature on Jan. 15, 2027. They may be redeemed in whole or in part at any time at par plus a "make-whole" premium, if applicable.
Net proceeds from the offering, which is expected to close on May 18, will be used to reduce the company's outstanding debt under its revolving credit facility, as well as for general corporate purposes.
Price: 6.59, Change: -0.09, Percent Change: -1.42