Oaktree Strategic Credit Fund

07/17/2024 | Press release | Distributed by Public on 07/17/2024 06:21

Material Event Form 8 K

Item 8.01. Other Events.

On July 16, 2024, Oaktree Strategic Credit Fund (the "Company") and Oaktree Fund Advisors, LLC, on the one hand, entered into a Purchase Agreement (the "Purchase Agreement") with representatives of the several initial purchasers named therein (the "Initial Purchasers"), on the other hand, in connection with the offer and sale by the Company of $400.0 million aggregate principal amount of its 6.500% notes due 2029 (the "Notes") to the Initial Purchasers in a private placement in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and for the initial resale by the Initial Purchasers to qualified institutional buyers in transactions exempt from registration under the Securities Act pursuant to Rule 144A under the Securities Act and to non-U.S. personsoutside the United States in compliance with Regulation S under the Securities Act. The Notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The closing of the private placement is expected to occur on July 23, 2024, subject to customary closing conditions. The Company intends to use the net proceeds to repay a portion of the amount outstanding under its credit facilities, to fund new investment opportunities and for other general corporate purposes.