Oaktree Specialty Lending is selling $300.0 million of 7.000% notes due 2031, with net proceeds expected at $296.5 million after stated Underwriting and offering costs. For investors, the transaction sets the debt’s coupon, Maturity and expected cash raised, with closing targeted for September 16, 2026, subject to conditions.

Key Highlights

  • The notes will carry a fixed 7.000% rate and mature in 2031.
  • Oaktree Specialty Lending expects $296.5 million in net proceeds after a $2.6 million underwriting discount and approximately $0.8 million of offering expenses.
  • Oaktree Specialty Lending agreed to sell $300.0 million aggregate principal amount of notes due 2031.
  • The notes carry a 7.000% rate, with expected net proceeds of $296.5 million.

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) agreed to sell $300.0 million aggregate principal amount of notes due 2031. The notes carry a 7.000% rate, while expected net proceeds total $296.5 million after stated transaction costs. The underwriting agreement includes Oaktree Fund Advisors, Oaktree Fund Administration and the named Investment banks.

7.000% Notes Set for 2031 Maturity

The $296.5 million proceeds figure reflects a $2.6 million underwriting discount payable by Oaktree Specialty Lending and approximately $0.8 million of estimated offering expenses. J.P. Morgan Securities, BNP Paribas Securities, ING Financial Markets, RBC Capital Markets and SMBC Nikko Securities America are serving as representatives of the underwriters. Deutsche Bank Trust Company Americas will act as Trustee under the indenture governing the notes.

September 16 Closing Target

The notes are to be issued under the existing base indenture and a ninth supplemental indenture dated September 16, 2026. Oaktree Specialty Lending entered into the underwriting agreement on September 9, 2026.