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Phyllis R. Caldwell, a director at Oaktree Specialty Lending Corp (NASDAQ:OCSL), made a significant purchase of company stock, according to a recent SEC filing. On February 25, Caldwell acquired 2,500 shares of common stock at a price of $15.83 per share, totaling $39,575. The business development company, currently valued at $1.31 billion, offers investors a substantial 16.77% dividend yield and has maintained dividend payments for 18 consecutive years. This transaction increases her total holdings to 16,000 shares. The purchase was made directly, indicating a personal investment in the company. This move by Caldwell may reflect confidence in the company’s future prospects, particularly noteworthy given OCSL’s GOOD Financial Health Score according to InvestingPro, which highlights several additional key metrics and insights available to subscribers.
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 proceeds from this offering are intended to pay down debt from the company’s revolving credit facilities and for general corporate purposes. The transaction is expected to close on February 27, 2025, pending standard closing conditions. The notes can be redeemed at any time at the company’s discretion at par plus a "make-whole" premium. The book-running 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 as co-managers. Investors are advised to review the investment details and risks outlined in the filed documents with the Securities and Exchange Commission. The company has issued forward-looking statements about its future operating results and business prospects, which are subject to risks and uncertainties.
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