Tender Offer - Oaktree Strategic Credit Fund
Form Type: SC TO-I
Filing Date: 2025-02-14
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525027368
Filing Summary: Oaktree Strategic Credit Fund has initiated a tender offer to purchase its own shares, specifically Class I, Class S, Class D, and Class T shares. The offer allows for the purchase of up to 7,253,672 shares, which represents approximately 5% of the total shares outstanding as of December 31, 2024. The offer is set to expire on March 14, 2025, unless extended. The purchase price for the shares will be determined based on their net asset value as of March 31, 2025, or a later date if the offer is extended. The document details that a non-interest bearing promissory note will be issued to shareholders whose shares are accepted for purchase, indicating the value of their shares at the valuation date. The tender offer is being conducted without the use of any external brokers or advisors, and the filing person is the same as the issuer, Oaktree Strategic Credit Fund.
Document Link: View Document
Additional details:
Title Of Class Of Securities: Class I, Class S, Class D and Class T Shares of Beneficial Interest
Cusip Numbers: ["67403A307 - Class I","67403A109 - Class S","67403A208 - Class D","67403A406 - Class T"]
Number Of Shares Outstanding: 7253672
Expiration Date: 2025-03-14
Purchase Price Date: 2025-03-31
Non Interest Bearing Note: Cash equal to the value of the shares accepted for purchase
Form Type: SC TO-I/A
Filing Date: 2025-02-13
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525026107
Filing Summary: This document is the final amendment to the tender offer statement originally filed on November 15, 2024, by Oaktree Strategic Credit Fund. The Fund offered to purchase up to 6,714,421 of its outstanding Class I, Class S, and Class D shares at a price equal to the net asset value per share as of December 31, 2024. The tender offer expired at 11:59 p.m., Eastern Time, on December 13, 2024. A total of 335,075.75 Class S shares, 3,286.89 Class D shares, and 551,206.05 Class I shares were validly tendered and accepted for purchase, representing 100% of the shares tendered prior to the expiration. The total net asset value for these shares tendered was approximately $20,922,655.48. The payment for the accepted shares was made through non-interest bearing promissory notes, issued to shareholders, with a total payment of about $20,910,098.78, which is 99.94% of the tendered shares’ net asset value. A 2% early repurchase deduction applied to the repurchase of specific Class S and Class I shares. The document provides confirmation that the information remains unchanged except for the details reported regarding the results of the tender offer.
Document Link: View Document
Additional details:
Amount Tendered: 335075.75 Class S Shares
Amount Tendered: 3286.89 Class D Shares
Amount Tendered: 551206.05 Class I Shares
Net Asset Value Tendered: 20922655.48
Payment Amount: 20910098.78
Net Asset Value Per Share: 23.52
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