Dechert is advising the special committee of Oaktree Strategic Income Corporation (OCSI) in OCSI’s merger agreement with Oaktree Specialty Lending Corporation (OCSL). The transaction, announced October 29, is subject to approval by OCSL and OCSI stockholders and other customary closing conditions. Assuming these conditions are satisfied, the transaction is expected to close in the second fiscal quarter of 2021.
OCSI is a specialty finance company dedicated to providing customized capital solutions for middle-market companies in both the syndicated and private placement markets. OCSI’s investment objective is to generate a stable source of current income while minimizing the risk of principal loss and, to a lesser extent, capital appreciation by providing innovative first-lien financing solutions to companies across a wide variety of industries.
The Dechert team advising the special committee of OCSI includes corporate partners Matthew Carter, Thomas Friedmann and Eric Siegel, and financial services partner William Bielefeld.
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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