Tender Offer - Oaktree Strategic Credit Fund
Form Type: SC TO-I
Filing Date: 2025-05-15
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525120878
Filing Summary: On May 15, 2025, Oaktree Strategic Credit Fund filed a Tender Offer Statement to repurchase up to 8,111,282 shares of its Class I, Class S, Class D and Class T common shares of beneficial interest. The shares represent approximately 5% of the Fund's total outstanding shares as of March 31, 2025. The offer is set to expire on June 12, 2025, unless extended. The purchase price will be based on the net asset value of the shares as of June 30, 2025, or a later date if the offer is extended. The Fund's shares are not traded on any market and the offer is being made by the Fund itself. The filing includes various sections and exhibits related to the Offer to Purchase, Acceptance Letters, and Promissory Notes for shareholders whose shares are accepted. The Fund may potentially borrow funds to finance the purchases depending on circumstances.
Additional details:
Title: class_of_securities
Value: Class I, Class S, Class D and Class T Shares
Title: cusip_numbers
Value: 67403A 307, 67403A 109, 67403A 208, 67403A 406
Title: offer_amount
Value: 8111282 Shares
Title: percentage_of_shares_outstanding
Value: 5%
Title: offer_expiration_date
Value: 2025-06-12
Title: valuation_date
Value: 2025-06-30
Title: contact_person
Value: Mary Gallegly
Title: contact_phone
Value: (213) 830-6300
Title: investment_adviser
Value: Oaktree Fund Advisors, LLC
Title: address
Value: 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071
Title: chief_executive_officer
Value: Armen Panossian
Title: president
Value: Mathew Pendo
Title: co_chief_investment_officers
Value: Armen Panossian, Raghav Khanna
Title: chief_financial_officer
Value: Christopher McKown
Title: chief_compliance_officer
Value: Ashley Pak
Form Type: SC TO-I/A
Filing Date: 2025-05-12
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525117857
Filing Summary: This is the final amendment to the Schedule TO filed by Oaktree Strategic Credit Fund regarding the issuer tender offer to purchase up to 7,253,672 of its outstanding shares in three classes: Class I, Class S, and Class D. The initial filing was made on February 14, 2025, and the offer expired on March 14, 2025. A total of 486,767.75 Class S Shares and 441,182.73 Class I Shares were validly tendered and accepted for purchase by the Fund. The purchase price totaled approximately $21,596,759.33, representing 99.97% of the net asset value of the shares tendered. Shares were paid in the form of non-interest bearing, non-transferable promissory notes. The net asset value per share as of March 31, 2025, was determined to be $23.28. The document confirms that no other information in the original statement has been modified or changed with this final amendment.
Additional details:
Amount Tendered: 486767.75
Class S Shares Tendered: Class S
Class I Shares Tendered: Class I
Total Amount Paid: 21596759.33
Net Asset Value Per Share: 23.28
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.
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.
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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