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Oaktree Capital Group LLC (OAK.N)

OAK.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Oaktree reports Q2 adj EPS $1.73
Thursday, 27 Jul 2017 08:30am EDT 

July 27 (Reuters) - Oaktree Capital Group Llc :Oaktree announces second quarter 2017 financial results.Q2 revenue rose 124.3 percent to $634.1 million.Q2 adjusted earnings per share $1.73.Q2 earnings per share view $1.48 -- Thomson Reuters I/B/E/S.Qtrly net income per class a unit $1.83.  Full Article

Fifth Street Asset Management-FSM to reimburse Oaktree's transaction expenses up to cap of $3.5 mln if deal is terminated
Friday, 14 Jul 2017 08:36am EDT 

July 14 (Reuters) - Fifth Street Asset Management Inc ::Fifth Street Asset Management-FSM to reimburse oaktree's transaction expenses up to cap of $3.5 million if deal is terminated under specific conditions.Fifth Street-if FSAM board had changed its recommendation regarding BDC stockholder approvals, then fsm to pay oaktree termination fee of $9.2 million.Fifth Street Asset Management says FSM must pay $9.2 million termination fee to Oaktree if Oaktree terminates deal under specific conditions .  Full Article

Fifth Street Asset Management must pay Oaktree termination fee of $9.2 million in case of termination of deal
Friday, 14 Jul 2017 08:34am EDT 

July 14 (Reuters) - Fifth Street Asset Management Inc ::Fifth Street Asset Management- FSM must pay Oaktree termination fee of $9.2 million in case of termination of deal .  Full Article

Fifth Street Asset Management signs asset purchase agreement with Oaktree
Friday, 14 Jul 2017 07:00am EDT 

July 14 (Reuters) - Fifth Street Asset Management Inc :Fifth street asset management inc - signed a definitive asset purchase agreement with oaktree capital management, l.p.Says oaktree will pay gross cash consideration of $320 million in cash to fifth street management llc.At close oaktree will replace fsm as investment adviser to bdcs and an oaktree affiliate will become their administrator.Fifth street asset management inc - shares of common stock of fsc and fsfr owned by fifth street holdings l.p. Are not included in deal.Fifth street asset management - at closing of deal, all current fsc board members except richard p. Dutkiewicz, and all current fsfr board members except richard w. Cohen, will resign.After close , fsam's board intends to make an initial cash distribution to fsam stockholders of about $2.75 per class a shares.Fifth street asset management- under deal, oaktree to become new investment adviser to fifth street finance corp, fifth street senior floating rate corp.Fifth street asset management - executive officers of fsc and fsfr will resign and will be replaced with certain individuals affiliated with oaktree.Fsh and fsm have agreed to reimburse up to $5 million of oaktree's expenses incurred in connection with transaction upon close.Fifth street asset management inc - at closing john frank is expected to serve as chairman of each bdc board.Fsh and fsm have agreed to indemnify oaktree, fsc and fsfr for certain liabilities following closing.  Full Article

Oaktree to assume management of Fifth Street Finance and Fifth Street Senior Floating Rate
Friday, 14 Jul 2017 07:00am EDT 

July 14 (Reuters) - Oaktree Capital Group LLC :Oaktree to assume management of fifth street finance corp. And fifth street senior floating rate corp. Business development companies.Oaktree capital group llc - oaktree will pay $320 million in cash to fifth street management llc upon close of transaction.Oaktree capital group llc - ocg expects transaction to be immediately accretive to its adjusted net income.Oaktree capital group llc - new advisory agreements, have been unanimously approved by independent directors of boards of directors of fsc and fsfr.Oaktree capital group - following deal closing current fsc board members except richard dutkiewicz, current fsfr board members except richard cohen agreed to resign.Oaktree capital group - executive officers of fsc and fsfr will resign, will be replaced with individuals affiliated with oaktree at closing of deal.Oaktree capital group llc - fsc will change its name to oaktree specialty lending corporation, and will trade under ticker symbol ocsl.Oaktree capital group llc - fsfr will change its name to oaktree strategic income corporation, and will trade under ticker symbol ocsi.  Full Article

Oaktree Capital Group Llc Q1 earnings per share $0.87
Thursday, 27 Apr 2017 08:30am EDT 

April 27 (Reuters) - Oaktree Capital Group Llc :Oaktree announces first quarter 2017 financial results.Q1 revenue rose 13.8 percent to $289.6 million.Q1 adjusted earnings per share $0.86.Qtrly earnings per share $0.87.Assets under management were $100.3 billion, down slightly for quarter and up 4% over last 12 months..  Full Article

Oaktree Capital Group Q4 adjusted earnings 91 cents/shr
Tuesday, 7 Feb 2017 08:30am EST 

Oaktree Capital Group Llc : Oaktree announces fourth quarter and full-year 2016 financial results . Q4 adjusted earnings per share $0.91 . Q4 earnings per share view $0.57 -- Thomson Reuters I/B/E/S .Oaktree capital group llc says assets under management grew to $100.5 billion as of december 31, 2016, up 1% from $99.8 billion as of september 30, 2016.  Full Article

Oaktree reports Q2 adjusted earnings of $0.79/share
Thursday, 28 Jul 2016 08:30am EDT 

Oaktree Capital Group Llc : Q2 adjusted earnings per share $0.79 . Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Q2 revenue rose 448.9 percent to $282.7 million . Q2 revenue view $317.8 million -- Thomson Reuters I/B/E/S .Says assets under management were $98.1 billion, up 1 percent for quarter.  Full Article

Oaktree Capital Group files for potential mixed shelf offering
Friday, 13 May 2016 05:09pm EDT 

Oaktree Capital Group Llc :Files for potential mixed shelf offering; size not disclosed - sec filing.  Full Article

BRIEF-Oaktree Capital urges Tembec shareholders to vote against proposed acquisition by Rayonier​

* Oaktree confirms over 50% of outstanding Tembec shares intend to vote against proposed acquisition by Rayonier