03:39 AM EST, 02/21/2025 (MT Newswires) -- Oaktree Specialty Lending ( OCSL ) said late Thursday it priced its underwritten public offering of $300 million worth of 6.340% notes, maturing Feb. 27, 2030.

The company has the option to redeem the notes, whether in whole or in part, at any time, at par value plus a "make-whole" premium if applicable. The offering is expected to close on Feb. 27.

Oaktree Specialty aims to use the net proceeds from the offering to reduce its debt under its revolving credit facilities and for general corporate purposes.