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The offering will be made under Oaktree’s effective Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the “SEC”).
Oaktree intends to use the net proceeds from the sale of the Series B Preferred units for general corporate purposes, including to fund investments.
Distributions on the Series B Preferred units, when, as and if declared by the board of directors of Oaktree, will be paid quarterly and are non-cumulative.
Oaktree intends to apply to list the Series B Preferred units on the
Morgan Stanley & Co. LLC, BofA Merrill Lynch,
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
Series B Preferred units in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. The
offering will be made only by means of a prospectus supplement and an
accompanying prospectus, copies of which may be obtained by
contacting (1) Morgan Stanley & Co. LLC, at
Disclosure Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which reflect Oaktree’s current views with respect to, among other things, whether the offering will be completed. Forward-looking statements contained in this press release speak only as of the date of this press release. Except as required by law, Oaktree does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
Oaktree Capital Group, LLC
Andrea D. Williams, 213-830-6483