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Get filing alertsOaktree Specialty Lending issues $300M of 7.000% senior notes due 2031 to pay down credit facility
Filed September 16, 2026 · Period ending September 16, 2026 · ~1 min read
Key Changes
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Issued $300.0 million aggregate principal amount of 7.000% senior unsecured notes due September 16, 2031.
Item 1.01 verify on EDGAR → -
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Net proceeds will primarily reduce borrowings under the senior secured revolving credit facility, with the remainder for general corporate purposes.
Item 1.01 verify on EDGAR → -
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Notes bear interest at 7.000% per year, payable semiannually on March 16 and September 16, beginning March 16, 2027.
Item 1.01 verify on EDGAR → -
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Prior to August 16, 2031, the Company may redeem the notes at a make-whole price based on Treasury Rate plus 40 basis points or 100% of principal, whichever is greater.
Item 1.01 verify on EDGAR → -
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Upon a Change of Control Repurchase Event, holders may require the Company to repurchase the notes at 100% of principal plus accrued interest.
Item 1.01 verify on EDGAR →
Summary
Oaktree Specialty Lending Corp. issued $300 million of 7.000% senior unsecured notes due 2031. The company expects to use the net proceeds to reduce outstanding debt under its senior secured revolving credit facility, with the remainder for general corporate purposes. The notes pay interest semiannually and include standard optional redemption and change-of-control repurchase provisions.
For retail holders, this is a routine debt refinancing that extends the company's maturity profile and locks in a fixed rate. The filing does not indicate any financial distress or unusual terms. The company may reborrow under the credit facility for investments or to repay its 2.700% notes due 2027 at maturity.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The Company expects to use the net proceeds of the offering to reduce its outstanding debt under its senior secured revolving credit facility and for general corporate purposes.
Net proceeds will primarily reduce borrowings under the senior secured revolving credit facility, with the remainder for general corporate purposes. The Company may reborrow under the facility for investments or to repay its 2.700% notes due 2027 at maturity.
Added in current filing · verify on EDGAR →
The Notes bear interest at a rate of 7.000% per year payable semiannually in arrears on March 16 and September 16 of each year, commencing on March 16, 2027.
Interest accrues at 7.000% annually and is paid semiannually starting March 16, 2027. The notes mature on September 16, 2031 unless redeemed or repurchased earlier.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 17, 2026 · How we verify