Welcome to our dedicated page for Oaktree Specialty Lending Corporation news (Ticker: OCSL), a resource for investors and traders seeking the latest updates and insights on Oaktree Specialty Lending Corporation stock.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a leading specialty finance company focused on providing customized credit solutions to small and mid-sized companies in North America. OCSL operates as a business development company and is externally managed by Oaktree Fund Advisors, LLC, an affiliate of Oaktree Capital Management, L.P.
OCSL's primary investment strategy is to maximize its portfolio’s total return by generating current income from debt investments and capital appreciation from equity investments. The company specializes in a variety of financing solutions, including first and second lien loans, unsecured and mezzanine loans, and preferred equity. Its target investments range from $5 million to $75 million, with the potential to underwrite transactions up to $100 million, focusing on companies with enterprise values between $20 million and $150 million and EBITDA between $3 million and $50 million.
OCSL invests across diverse sectors such as education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, and media and advertising. The company aims to be a lead investor in its portfolio companies, providing not only capital but also strategic guidance and support.
In recent quarters, OCSL has demonstrated strong financial performance. For the quarter ended June 30, 2023, the company reported adjusted total investment income of $101.1 million and adjusted net investment income of $47.6 million. The fair value of its investment portfolio was $3.1 billion, comprising investments in 156 companies. OCSL’s robust origination activity and strategic enhancements to its capital structure have contributed to solid returns for its shareholders.
OCSL's approach to financing is designed to support various stages of a company's lifecycle, including expansions, sponsor-led acquisitions, and management buyouts. The company's flexibility in providing a mix of debt and equity financing options allows it to tailor solutions that meet the specific needs of its portfolio companies.
One of the notable achievements during the fiscal third quarter of 2023 was the consolidation of a credit facility acquired from Oaktree Strategic Income II, Inc. with the existing Citibank facility, extending its maturity to 2027. Additionally, the company increased the size of its syndicated credit facility to $1.2 billion, extending its maturity to 2028. These strategic moves reflect OCSL’s proactive approach to managing its capital structure, ensuring flexibility and enhanced funding options to capitalize on new investment opportunities.
OCSL's commitment to maintaining strong credit quality and managing non-performing assets is evident from its proactive measures to address underperforming investments. The company leverages the extensive resources and expertise of Oaktree Capital Management to navigate complex situations and maximize recoveries.
Overall, OCSL is well-positioned to deliver attractive returns to its shareholders through its disciplined investment approach, diversified portfolio, and strategic initiatives that enhance its financial flexibility and investment capacity.
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will report its financial results for the first fiscal quarter ended December 31, 2022, before the market opens on February 7, 2023. A conference call to discuss these results will be held at 11:00 a.m. ET on the same day. Investors can participate by calling (877) 507-3275 for U.S. callers or +1 (412) 317-5238 for non-U.S. callers. A live webcast will also be available on the company’s website. For those unable to attend live, a replay will be accessible afterwards.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported financial results for the fiscal year and quarter ending September 30, 2022. Total investment income reached $70.1 million for Q4 and $262.5 million for the full year, up from $63.1 million and $209.4 million respectively year-over-year. Despite an increase in total investment income, GAAP net investment income decreased to $35.9 million for Q4, attributed to higher interest expenses. The company declared a quarterly cash distribution of $0.18 per share, marking a 6% increase, alongside a special distribution of $0.14 per share.
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will report its fourth fiscal quarter and full year results for the period ending September 30, 2022, on November 15, 2022. The announcement will precede the opening of the Nasdaq Global Select Market. A conference call to discuss these results will take place at 11:00 a.m. Eastern Time that same day. Interested parties can access the call by phone or through a live webcast on the company’s website. Oaktree Specialty Lending focuses on providing customized credit solutions with an emphasis on income generation and capital appreciation.
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) has announced a merger agreement with Oaktree Strategic Income II, Inc. (OSI II). Under the arrangement, OSI II stockholders will receive OCSL shares equivalent to their shares' net asset value (NAV) at closing, resulting in a pro forma ownership distribution of 79.5% for OCSL and 20.5% for OSI II stockholders. The merger, subject to stockholder approval, aims to enhance financial performance through operational synergies and lower costs, with approximately $3 billion in assets and a focus on maintaining investment quality.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported financial results for the quarter ended June 30, 2022, showing total investment income of $63.1 million ($0.34 per share), a slight decline from $64.3 million ($0.35 per share) in the previous quarter. Adjusted net investment income decreased to $31.4 million ($0.17 per share) from $32.3 million. NAV per share was $6.89, down 5.1% from March 31, 2022. The company declared a cash distribution of $0.17 per share, marking a 3% increase. OCSL's portfolio remains strong with no non-accrual investments and new commitments of $131.9 million.
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will announce its financial results for Q3 2022 on August 4, 2022, before the Nasdaq opens. A conference call will be held at 11:00 a.m. ET to discuss these results, accessible via phone or webcast. Oaktree Specialty Lending focuses on customized credit solutions for companies lacking access to capital markets, aiming for current income and capital appreciation through various financing options. For further details, visit their website.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported its financial results for the fiscal quarter ending March 31, 2022. Total investment income was $64.3 million ($0.35 per share), slightly down from $64.9 million in the prior quarter. GAAP net investment income rose to $40.1 million ($0.22 per share), driven by increased interest income. Net asset value per share decreased to $7.26, with total debt outstanding at $1.395 billion. The company declared a 3% increase in its quarterly cash distribution to $0.165 per share, marking the eighth consecutive increase.
Oaktree Specialty Lending Corporation (OCSL) announced it will release its financial results for the second fiscal quarter on May 5, 2022, before market opening. The results will cover the period ended March 31, 2022. A conference call to discuss these results will occur on the same day at 11:00 a.m. ET. Investors can access the call through a dedicated phone line or via a live webcast on the company's website. OCSL focuses on providing innovative financing solutions to companies with limited capital market access.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported a solid financial performance for the fiscal quarter ending December 31, 2021. Total investment income reached $64.9 million ($0.36 per share), up from $63.8 million in the previous quarter. Adjusted net investment income also increased to $31.2 million ($0.17 per share), reflecting a 7% rise. Net asset value per share grew by 0.8% to $7.34. The company declared a quarterly cash distribution of $0.16 per share, marking its seventh consecutive distribution increase.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) will report its financial results for the first fiscal quarter ended December 31, 2021, before the Nasdaq market opens on February 3, 2022. A conference call to discuss the results will be held on the same day at 11:00 a.m. Eastern Time. Oaktree Specialty Lending focuses on providing customized credit solutions and aims to generate income and capital appreciation through various financing options, including loans and equity investments.
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