Oaktree specialty lending co-chief investment officer purchases $95,700 in stock

LOS ANGELES—Khanna Raghav, the Co-Chief Investment Officer at Oaktree Specialty Lending Corp (NASDAQ:OCSL), a $1.31 billion specialty finance company with a robust 16.78% dividend yield, recently made a significant stock acquisition, according to a filing with the Securities and Exchange Commission. On February 24, Raghav purchased 6,000 shares of common stock at a price of $15.95 per share, totaling approximately $95,700. This transaction increases Raghav’s direct ownership in the company to 6,000 shares. According to InvestingPro, OCSL maintains strong financial health with a current ratio of 7.51, indicating solid liquidity management. The purchase reflects ongoing confidence in Oaktree Specialty Lending Corp, a firm known for its strategic investment operations and impressive 18-year track record of consistent dividend payments. InvestingPro analysis reveals several additional key metrics and insights available to subscribers, including detailed valuation analysis and growth prospects.

In other recent news, Oaktree Specialty Lending Corporation announced the pricing of a $300 million note offering with a 6.340% interest rate, set to mature on February 27, 2030. The company plans to use the proceeds from this offering to reduce debt from its revolving credit facilities and for general corporate purposes. This transaction is expected to close on February 27, 2025, pending standard closing conditions. The offering is managed by a consortium of financial institutions, including SMBC Nikko Securities America, Inc. and BNP Paribas (OTC:BNPQY) Securities Corp., with KeyBanc Capital Markets Inc. and Jefferies LLC acting as co-managers. Investors are advised to review the investment details and risks, which are available in the pricing term sheet and prospectus filed with the Securities and Exchange Commission. The company has issued forward-looking statements regarding its future operating results and business prospects, though these are subject to risks and uncertainties.

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