Oaktree Capital-backed Oaktree Specialty Lending, a specialty finance company, agreed to merge with Oaktree Strategic Income, a capital solutions provider to middle-market companies. OCSL issued approximately 1.39 shares for each OCSI share outstanding, resulting in pro forma ownership of 77.5% for current OCSL stockholders and 22.5% for current OCSI stockholders. “With this combination, we gain greater scale, portfolio diversity and financial flexibility while maintaining our strategy to invest in opportunities that align with Oaktree’s value-driven investment style,” Armen Panossian, OCSL CEO and CIO.