OCSL on Nasdaq
Oaktree Specialty Lending Corp
Corporation registered in the United States, active since 2007.
Price unavailable
Last updated Oct 18, 2026.
Overview
$33.9MNet income, fiscal 20252
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 5 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2023-09-30 |
|---|---|---|---|---|---|
| Interest on cash and cash equivalents | $5.2M | $6.0M | $4.1M | ||
| Total interest income | $288.1M | $346.2M | $348.8M | ||
| PIK interest income | $19.4M | $20.8M | $19.8M | ||
| Fee income | $5.8M | $9.2M | $6.5M | ||
| Dividend income | $3.5M | $5.4M | $4.2M | ||
| Total investment income | $316.8M | $381.7M | $379.3M | ||
| Base management fee | $30.2M | $43.4M | $44.9M | ||
| Part I incentive fee | $27.5M | $34.8M | $35.8M | ||
| Professional fees | $4.9M | $4.7M | $6.2M | ||
| Directors fees | $640.0K | $640.0K | $640.0K | ||
| Interest expense | $115.8M | $128.6M | $111.6M | ||
| Administrator expense | $1.9M | $1.5M | $1.3M | ||
| General and administrative expenses | $3.6M | $2.6M | $3.5M | ||
| Total expenses | $184.6M | $216.3M | $204.0M | ||
| Management fees waived | -$933.0K | -$5.2M | -$5.5M | ||
| Part I incentive fees waived | -$20.4M | -$4.4M | $0 | ||
| Net expenses | $163.3M | $206.6M | $198.5M | ||
| Net investment income before taxes | $153.5M | $175.1M | $180.8M | ||
| (Provision) benefit for taxes on net investment income | -$861.0K | $0 | $0 | ||
| Excise tax | $0 | $0 | $0 | -$100.0K | -$78.0K |
| Net investment income | $152.6M | $175.1M | $180.7M | ||
| Foreign currency forward contracts | $4.4M | -$8.8M | $59.0K | ||
| Net unrealized appreciation (depreciation) | -$101.2M | $19.1M | -$28.6M | ||
| Foreign currency forward contracts | -$11.1M | $1.1M | -$5.8M | ||
| Net realized gains (losses) | -$17.1M | -$136.4M | -$33.2M | ||
| (Provision) benefit for taxes on realized and unrealized gains (losses) | -$394.0K | $108.0K | -$1.7M | ||
| Net realized and unrealized gains (losses), net of taxes | -$118.7M | -$117.1M | -$63.4M | ||
| Net increase (decrease) in net assets resulting from operations | $33.9M | $57.9M | $117.3M | ||
| Net investment income per common share - basic (in dollars per share) | $1.77 | $2.18 | $2.51 | ||
| Net investment income per common share - diluted (in dollars per share) | $1.77 | $2.18 | $2.51 | ||
| Earnings (loss) per common share - basic (in dollars per share) | $0.39 | $0.72 | $1.63 | ||
| Earnings (loss) per common share - diluted (in dollars per share) | $0.39 | $0.72 | $1.63 | ||
| Weighted average common shares outstanding - basic (in shares) | 86.1M shares | 80.4M shares | 72.1M shares | ||
| Weighted average common shares outstanding - diluted (in shares) | 86.1M shares | 80.4M shares | 72.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 12 quarters (quarterly), latest first.2
| Period ending | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Investments at fair value | $2.8B | $3.0B | |||
| Cash and cash equivalents | $79.6M | $64.0M | |||
| Restricted cash | $0 | $14.6M | |||
| Interest, dividends and fees receivable | $31.9M | $38.8M | |||
| Due from portfolio companies | $3.2M | $12.5M | |||
| Receivables from unsettled transactions | $4.9M | $17.5M | |||
| Due from broker | $15.6M | $17.1M | |||
| Deferred financing costs | $9.7M | $11.7M | |||
| Deferred offering costs | $143.0K | $125.0K | |||
| Gross Amount of Recognized Assets | $8.7M | $0 | |||
| Other assets | $1.5M | $775.0K | |||
| Total assets | $3.0B | $3.2B | |||
| Accounts payable, accrued expenses and other liabilities | $1.5M | $3.5M | |||
| Base management fee and incentive fee payable | $12.5M | $15.5M | |||
| Due to affiliate | $1.6M | $4.1M | |||
| Interest payable | $12.1M | $16.2M | |||
| Payables from unsettled transactions | $15.0M | $15.7M | |||
| Derivative liabilities at fair value | $7.3M | $16.8M | |||
| Deferred tax liability | $269.0K | $0 | |||
| Credit facilities payable | $545.0M | $710.0M | |||
| Unsecured notes payable (net of $6,561 and $4,935 of unamortized financing costs as of September 30, 2025 and September 30, 2024, respectively) | $941.9M | $928.7M | |||
| Total liabilities | $1.5B | $1.7B | |||
| Common stock, $0.01 par value per share, 250,000 shares authorized; 88,086 and 82,245 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively | $881.0K | $822.0K | |||
| Additional paid-in-capital | $2.4B | $2.3B | |||
| Accumulated overdistributed earnings | -$885.1M | -$777.5M | |||
| Total net assets (equivalent to $16.64 and $18.09 per common share as of September 30, 2025 and September 30, 2024, respectively) (Note 11) | $1.5B | $1.5B | |||
| Total liabilities and net assets | $3.0B | $3.2B | |||
| Investment, cost | $3.1B | $3.1B | |||
| Unamortized financing costs | $6.6M | $4.9M | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | |||
| Common stock, shares issued (in shares) | 88.1M shares | 82.2M shares | |||
| Common stock, shares outstanding (in shares) | 88.1M shares | 82.2M shares | |||
| Net asset value per common share (in dollars per share) | $16.64 | $16.76 | $16.75 | $17.63 | $18.09 |
| Period ending | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investments at fair value | $2.8B | $3.0B | ||||||||||
| Cash and cash equivalents | $79.6M | $64.0M | $136.4M | |||||||||
| Restricted cash | $0 | $14.6M | $9.1M | |||||||||
| Interest, dividends and fees receivable | $31.9M | $38.8M | ||||||||||
| Due from portfolio companies | $3.2M | $12.5M | ||||||||||
| Receivables from unsettled transactions | $4.9M | $17.5M | ||||||||||
| Due from broker | $15.6M | $17.1M | ||||||||||
| Deferred financing costs | $9.7M | $11.7M | ||||||||||
| Deferred offering costs | $143.0K | $125.0K | ||||||||||
| Gross Amount of Recognized Assets | $8.7M | $0 | ||||||||||
| Other assets | $1.5M | $775.0K | ||||||||||
| Total assets | $3.0B | $3.2B | ||||||||||
| Accounts payable, accrued expenses and other liabilities | $1.5M | $3.5M | ||||||||||
| Base management fee and incentive fee payable | $12.5M | $15.5M | ||||||||||
| Due to affiliate | $1.6M | $4.1M | ||||||||||
| Interest payable | $12.1M | $16.2M | ||||||||||
| Payables from unsettled transactions | $15.0M | $15.7M | ||||||||||
| Derivative liabilities at fair value | $7.3M | $16.8M | ||||||||||
| Deferred tax liability | $269.0K | $0 | ||||||||||
| Credit facilities payable | $545.0M | $710.0M | ||||||||||
| Unsecured notes payable (net of $6,561 and $4,935 of unamortized financing costs as of September 30, 2025 and September 30, 2024, respectively) | $941.9M | $928.7M | ||||||||||
| Total liabilities | $1.5B | $1.7B | ||||||||||
| Common stock, $0.01 par value per share, 250,000 shares authorized; 88,086 and 82,245 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively | $881.0K | $822.0K | ||||||||||
| Additional paid-in-capital | $2.4B | $2.3B | ||||||||||
| Accumulated overdistributed earnings | -$885.1M | -$777.5M | ||||||||||
| Total net assets (equivalent to $16.64 and $18.09 per common share as of September 30, 2025 and September 30, 2024, respectively) (Note 11) | $1.5B | $1.5B | $1.5B | $1.2B | ||||||||
| Total liabilities and net assets | $3.0B | $3.2B | ||||||||||
| Investment, cost | $3.1B | $3.1B | ||||||||||
| Unamortized financing costs | $6.6M | $4.9M | ||||||||||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||||||||||
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | ||||||||||
| Common stock, shares issued (in shares) | 88.1M shares | 82.2M shares | ||||||||||
| Common stock, shares outstanding (in shares) | 88.1M shares | 82.2M shares | 77.2M shares | 61.1M shares | 60.1M shares | 47.0M shares | ||||||
| Net asset value per common share (in dollars per share) | $16.64 | $16.76 | $16.75 | $17.63 | $18.09 | $18.19 | $18.72 | $19.14 | $19.63 | $20.38 | $21.84 | $19.47 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations | $33.9M | $57.9M | $117.3M |
| Net unrealized (appreciation) depreciation | $101.2M | -$19.1M | $28.6M |
| Net realized (gains) losses | $17.1M | $136.4M | $33.2M |
| PIK interest income | -$19.4M | -$20.8M | -$19.8M |
| Accretion of original issue discount on investments | -$18.0M | -$18.0M | -$22.3M |
| Accretion of original issue discount on unsecured notes payable | $1.0M | $1.3M | $783.0K |
| Amortization of deferred financing costs | $8.8M | $5.0M | $4.6M |
| Deferred taxes | $269.0K | -$5.0K | $1.7M |
| Purchases of investments | -$958.7M | -$1.3B | -$742.1M |
| Proceeds from the sales and repayments of investments | $1.0B | $1.1B | $912.0M |
| Cash received in the OSI2 Merger | $0 | $0 | $22.3M |
| (Increase) decrease in interest, dividends and fees receivable | $7.1M | $1.6M | $578.0K |
| (Increase) decrease in due from portfolio companies | $9.3M | -$6.2M | $16.3M |
| (Increase) decrease in receivables from unsettled transactions | $12.6M | $37.9M | -$50.7M |
| (Increase) decrease in due from broker | $1.5M | $37.2M | -$8.7M |
| (Increase) decrease in other assets | -$720.0K | $906.0K | $14.0K |
| Increase (decrease) in accounts payable, accrued expenses and other liabilities | -$2.0M | -$458.0K | -$53.1M |
| Increase (decrease) in base management fee and incentive fee payable | -$3.0M | -$4.0M | -$489.0K |
| Increase (decrease) in due to affiliate | -$2.5M | -$222.0K | $408.0K |
| Increase (decrease) in interest payable | -$4.2M | $224.0K | $4.4M |
| Increase (decrease) in payables from unsettled transactions | -$655.0K | $4.7M | -$16.0M |
| Increase (decrease) in director fees payable | $0 | $0 | -$9.0K |
| Net cash provided by (used in) operating activities | $228.4M | $19.1M | $228.8M |
| Distributions paid in cash | -$148.2M | -$176.8M | -$180.0M |
| Borrowings under credit facilities | $500.0M | $255.0M | $572.0M |
| Repayments of borrowings under credit facilities | -$665.0M | -$255.0M | -$787.0M |
| Repayments of unsecured notes | -$300.0M | $0 | $0 |
| Issuance of unsecured notes | $300.0M | $0 | $296.5M |
| "Shares issued under the ""at the market"" offering" | $3.0M | $92.7M | $1.4M |
| Repurchases of common stock under dividend reinvestment plan | -$10.7M | -$1.6M | -$2.4M |
| Shares issued in private placement | $100.0M | $0 | $0 |
| Deferred financing costs paid | -$8.4M | -$1.0M | -$10.6M |
| Deferred offering costs paid | -$43.0K | -$117.0K | -$235.0K |
| Net cash provided by (used in) financing activities | -$229.3M | -$86.8M | -$110.4M |
| Effect of exchange rate changes on foreign currency | $2.1M | $701.0K | $827.0K |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $1.1M | -$67.0M | $119.2M |
| Cash paid for interest | $110.2M | $122.1M | $98.2M |
| Issuance of shares of common stock under dividend reinvestment plan | $0 | $5.7M | $3.4M |
| Deferred financing costs | $0 | $1.0M | $442.0K |
| Deferred offering costs | $0 | $0 | $12.0K |
| Issuance of shares in connection with the OSI2 Merger | $0 | $0 | $334.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Oaktree Specialty Lending Corp, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerArmen Panossian Oct 7, 2019 to Mar 23, 20219
- Chief executive officerPatrick J. Dalton Jan 12, 2017 to Feb 14, 201710
- Chief executive officerBernard D. Berman Oct 3, 2017 to Oct 3, 201711
- Chief executive officerTodd Owens Feb 12, 2015 to Feb 12, 201512
- PresidentMathew Pendo Dec 16, 2019 to now13
- PresidentTodd Owens Sep 15, 2014 to Sep 15, 201414
- PresidentBernard D. Berman Jun 16, 2010 to Dec 5, 201315
- Chief financial officerMelvin Carlisle Oct 25, 2017 to Mar 23, 202116
- Chief financial officerSteven M. Noreika Jul 13, 2015 to Feb 14, 201717
- Chief financial officerRichard A. Petrocelli Jul 23, 2014 to Dec 4, 201418
- Chief financial officerAlexander C. Frank Sep 21, 2011 to Sep 21, 201119
- Chief operating officerBrett McKeone Jan 5, 2026 to now20
- Chief operating officerMatthew Stewart Jan 31, 2022 to Mar 27, 202321
- Chief operating officerMathew Pendo Oct 25, 2017 to Mar 23, 202122
Board members and other officers (30)
- OfficerArmen Panossian May 19, 2025 to now23
- Co-Chief Investment OfficerRaghav Khanna Nov 21, 2024 to now24
- Chief Compliance OfficerAshley Pak Nov 19, 2021 to Apr 12, 202325
- OfficerChristopher McKown Dec 2, 2021 to Mar 20, 202326
- OfficerEdgar Lee Oct 25, 2017 to Dec 19, 201727
- Chief Compliance OfficerKimberly Larin Oct 25, 2017 to Oct 25, 201728
- Co-Chief Investment OfficerChad S. Blakeman Nov 23, 2010 to Jun 16, 201129
- Co-Chief Investment OfficerIvelin M. Dimitrov Nov 23, 2010 to Aug 20, 201430
- Chief Investment OfficerMarc A. Goodman Apr 23, 2009 to Dec 16, 200931
- Executive Vice President & SecBernard D. Berman Jun 11, 2008 to Dec 16, 200932
- Board memberPhyllis Caldwell Jan 5, 2022 to now33
- Board memberDeborah Ann Gero Mar 15, 2019 to now34
- Board memberPatrick J. Dalton Jan 12, 2017 to Feb 14, 201710
- Board memberAlexander C. Frank May 10, 2017 to May 10, 201735
- Board memberBruce Zimmerman Oct 25, 2017 to Mar 23, 202136
- Board memberCraig Jacobson Oct 25, 2017 to now37
- Board memberJohn B. Frank Oct 25, 2017 to Mar 23, 202138
- Board memberMarc Gamsin Oct 25, 2017 to Feb 14, 201839
- Board memberRichard Ruben Oct 25, 2017 to Mar 23, 202140
- Board memberTodd Owens Feb 12, 2015 to Feb 12, 201512
- Board memberSandeep K. Khorana Dec 16, 2015 to Feb 16, 201741
- Board memberJames Castro-Blanco Aug 19, 2014 to Feb 17, 201742
- Board memberIvelin M. Dimitrov May 16, 2013 to Aug 20, 201443
- Board memberRichard P. Dutkiewicz Mar 2, 2010 to Feb 13, 201744
- Board memberBernard D. Berman May 12, 2009 to Oct 3, 201745
- Board memberAdam C. Berkman Jun 11, 2008 to Jun 19, 200846
- Board memberBruce E. Toll Jun 11, 2008 to Jun 11, 200847
- Board memberByron J. Haney Jun 11, 2008 to Feb 13, 201748
- Board memberDouglas F. Ray Jun 11, 2008 to Feb 16, 201749
- Board memberFrank C. Meyer Jun 11, 2008 to Aug 11, 201150
Former names
Timeline
- Oct 7, 2019New chief executive Armen Panossian becomes CEO9
- Oct 3, 2017New chief executive Bernard D. Berman becomes CEO11
- Jan 12, 2017New chief executive Patrick J. Dalton becomes CEO10
- Feb 12, 2015New chief executive Todd Owens becomes CEO12
- Oct 9, 2007Founded Oaktree Specialty Lending Corp is founded51
Filings
201 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 41 insider forms, 13 large holders, 76 other. The latest 20:
- Sep 16, 20268-K EDGAR
- Sep 11, 20268-K EDGAR
- Sep 11, 2026424B2 EDGAR
- Sep 10, 2026497AD EDGAR
- Sep 9, 2026FWP EDGAR
- Sep 9, 2026424B2 EDGAR
- Aug 13, 20264 EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- May 5, 202610-Q EDGAR
- May 5, 20268-K EDGAR
- Mar 18, 20264 EDGAR
- Mar 18, 20264 EDGAR
- Mar 4, 20268-K EDGAR
- Feb 4, 202610-Q EDGAR
- Feb 4, 20268-K EDGAR
- Feb 2, 2026DEFA14A EDGAR
- Jan 27, 2026CORRESP EDGAR
- Jan 23, 2026N-2ASR EDGAR
- Jan 16, 2026DEFA14A EDGAR
The 201 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 13 such filings since October 2021, the latest 10:
- Feb 10, 2025SCHEDULE 13D
- Aug 7, 2023SC 13D/A
- Aug 1, 2023SC 13D/A
- Feb 1, 2023SC 13D/A
- Jan 26, 2023SC 13D/A
- Jan 9, 2023SC 13D/A
- Jan 5, 2023SC 13D/A
- Aug 16, 2022SC 13D/A
- Aug 12, 2022SC 13D/A
- Apr 1, 2022SC 13D/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Oaktree Capital Management LP | 7,872,199 | $94.0M | 2.5% | +6,019,743 |
| Private Management Group Inc | 3,869,484 | $46.2M | 1.2% | +147,990 |
| Royal Bank Of Canada | 2,924,437 | $34.9M | 0.0% | +2,444,777 |
| Bruni J V & Co /co | 2,474,804 | $29.5M | 2.7% | −23,070 |
| Morgan Stanley | 2,401,489 | $28.7M | 0.0% | −160,315 |
| Ares Management LLC | 2,204,305 | $26.3M | 1.2% | +105,000 |
| Van Eck Associates Corp | 2,195,651 | $26.2M | 0.0% | +492,070 |
| Generali Asset Management SPA SGR | 2,080,867 | $24.8M | 0.4% | −7,114 |
| UBS Group AG | 2,080,105 | $24.8M | 0.0% | +710,360 |
| Russell Investments Group, Ltd. | 1,054,187 | $12.6M | 0.0% | +333,469 |
| Legal & General Group Plc | 752,396 | $9.0M | 0.0% | +67,383 |
| Melia Wealth LLC | 729,243 | $8.7M | 5.0% | −511,858 |
| Beach Point Capital Management LP | 453,524 | $5.4M | 2.1% | −658,035 |
| Raymond James Financial Inc | 450,265 | $5.4M | 0.0% | +26,242 |
| Wells Fargo & Company/mn | 366,890 | $4.4M | 0.0% | +135,822 |
| Two Sigma Investments, LP | 340,283 | $4.1M | 0.0% | −542,978 |
| Muzinich & Co., Inc. | 334,737 | $4.0M | 1.4% | +1,178 |
| BlackRock, Inc. | 333,996 | $4.0M | 0.0% | −7,861 |
| Sumitomo Mitsui Trust Group, Inc. | 310,875 | $3.7M | 0.0% | No change |
| Arnhold LLC | 297,345 | $3.6M | 0.2% | +15,000 |
| United Advisor Group, LLC | 293,056 | $3.5M | 0.4% | +7,413 |
| Castlekeep Investment Advisors LLC | 289,711 | $3.5M | 1.7% | −46,875 |
| Palliser Capital (UK) Ltd | 270,993 | $3.2M | 1.7% | New |
| Osaic Holdings, Inc. | 247,801 | $3.0M | 0.0% | +12,247 |
| Old Port Advisors | 247,537 | $3.0M | 0.6% | +35,249 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARTodd Owens, Chief executive officer
- 13SEC EDGARMathew Pendo, President
- 14SEC EDGARTodd Owens, President
- 15SEC EDGARBernard D. Berman, President
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23SEC EDGARArmen Panossian, Officer
- 24
- 25SEC EDGARAshley Pak, Chief Compliance Officer
- 26SEC EDGARChristopher McKown, Officer
- 27SEC EDGAREdgar Lee, Officer
- 28
- 29
- 30
- 31
- 32
- 33SEC EDGARPhyllis Caldwell, Board member
- 34SEC EDGARDeborah Ann Gero, Board member
- 35SEC EDGARAlexander C. Frank, Board member
- 36SEC EDGARBruce Zimmerman, Board member
- 37SEC EDGARCraig Jacobson, Board member
- 38SEC EDGARJohn B. Frank, Board member
- 39SEC EDGARMarc Gamsin, Board member
- 40SEC EDGARRichard Ruben, Board member
- 41SEC EDGARSandeep K. Khorana, Board member
- 42SEC EDGARJames Castro-Blanco, Board member
- 43SEC EDGARIvelin M. Dimitrov, Board member
- 44SEC EDGARRichard P. Dutkiewicz, Board member
- 45SEC EDGARBernard D. Berman, Board member
- 46SEC EDGARAdam C. Berkman, Board member
- 47SEC EDGARBruce E. Toll, Board member
- 48SEC EDGARByron J. Haney, Board member
- 49SEC EDGARDouglas F. Ray, Board member
- 50SEC EDGARFrank C. Meyer, Board member
- 51