UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(Rule 13e-4)
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OR 13(E)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Final Amendment)
Oaktree Strategic Credit Fund
(Name of Subject Company (Issuer))
Oaktree Strategic Credit Fund
(Name of Filing Person (Offeror and Issuer))
Class I Shares of Beneficial Interest
(Title of Class of Securities)
67403A 307
(CUSIP Number of class of securities)
Mary Gallegly
Oaktree Strategic Credit Fund
333 South Grand Avenue, 28th Floor
Los Angeles, CA 90071
(213) 830-6300
(Name, Address and Telephone No. of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement)
With a copy to:
William G. Farrar
Sullivan & Cromwell LLP
125 Broad Street
New York, NY 10004
(212) 558-4000
August 15, 2022
(Date Tender Offer First Published, Sent or Given to Security Holders)
☐ | Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form of Schedule and the date of its filing. |
Amount Previously Paid: | Filing Parties: | |
Form or Registration No.: | Date Filed: |
☐ | Check the box if the filing relates solely to preliminary communications made before commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
☐ | third-party tender offer subject to Rule 14d-1. |
☒ | issuer tender offer subject to Rule 13e-4. |
☐ | going-private transaction subject to Rule 13e-3. |
☐ | amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒
This final amendment (Final Amendment) relates to the Issuer Tender Offer Statement on Schedule TO (the Statement) originally filed on August 15, 2022 by Oaktree Strategic Credit Fund (the Fund) in connection with an offer by the Fund (the Offer) to purchase up to 565,068 of its outstanding Class I common shares of beneficial interest (the Shares) at a price equal to the net asset value per Share as of September 30, 2022, upon the terms and subject to the conditions set forth in the Offer to Purchase, filed as Exhibit (a)(1)(ii) to the Statement (the Offer to Purchase), and in the accompanying Letter of Transmittal, filed as Exhibit (a)(1)(iii) to the Statement.
This is the Final Amendment to the Statement and is being filed to report the results of the Offer. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Offer to Purchase.
The following information is provided pursuant to Rule 13e-4(c)(4):
1. | The Offer expired at 11:59 p.m., Eastern Time, on September 12, 2022. |
2. | No Shares were validly tendered prior to the expiration of the Offer. As a result, the Fund will not be repurchasing any Shares pursuant to the Offer. |
Except as specifically provided herein, the information contained in the Statement remains unchanged and this Final Amendment does not modify any of the information previously reported on the Statement.
1
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
OAKTREE STRATEGIC CREDIT FUND | ||
By: | /s/ Mary Gallegly | |
Name: | Mary Gallegly | |
Title: | General Counsel and Secretary |
Dated: September 14, 2022
2
Exhibit 107
Calculation of Filing Fee Tables
SC TO-I
(Form Type)
Oaktree Strategic Credit Fund
(Name of Issuer)
Oaktree Strategic Credit Fund
(Name of Person(s) Filing Statement)
Table 1: Transaction Valuation
Transaction Valuation |
Fee rate |
Amount of Filing Fee | ||||
Fees to Be Paid |
$13,397,762.28 (1) | $0.0000927 | $1,241.98 (2) | |||
Fees Previously Paid |
$1,241.98(2) | $1,241.98(2) | ||||
Total Transaction Valuation |
$13,397,762.28 (1) | |||||
Total Fees Due for Filing |
$1,241.98 (2) | |||||
Total Fees Previously Paid |
$1,241.98(2) | |||||
Total Fee Offsets |
||||||
Net Fee Due |
$ 0.00 |
(1) | Calculated as the aggregate maximum purchase price for shares of beneficial interest, based upon the net asset value per share as of June 30, 2022, of $23.71. This amount is based upon the offer to purchase up to 565,068 common shares of beneficial interest, par value $0.01 per share, of Oaktree Strategic Credit Fund. The fee of $1,241.98 was paid in connection with the filing of the Schedule TO-I by Oaktree Strategic Credit Fund (File No. 005-93598) on August 15, 2022. |
(2) | Calculated at $92.70 per $1,000,000.00 of the Transaction Valuation in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, as modified by Fee Rate Advisory No. 1 for fiscal year 2022. |
Table 2: Fee Offset Claims and Sources
Registrant or Filer Name |
Form or Filing Type |
File Number | Initial Filing Date |
Filing Date | Fee Offset Claimed |
Fee Paid with Fee Offset Source | ||||||||
Fee Offset Claims | Oaktree Strategic Credit Fund |
SC TO-I | 005-93598 | August 15, 2022 |
$1,241.98 | |||||||||
Fee Offset Sources | August 15, 2022 |
$1,241.98 |