Loan & DebtMay 21, 2026, 04:13 PM
Blue Owl Capital Corp Issues $400M 6.300% Notes Due 2031
AI Summary
Blue Owl Capital Corporation has issued $400 million in 6.300% notes due 2031, through an Eleventh Supplemental Indenture with Deutsche Bank Trust Company Americas. The Company plans to use the net proceeds from this offering to pay down existing outstanding indebtedness, including its senior secured revolving credit facility and 3.400% notes due 2026. The notes are unsecured obligations and include provisions for early redemption and a change of control repurchase event.
Key Highlights
- Blue Owl Capital Corp issued $400,000,000 aggregate principal amount of 6.300% notes due 2031.
- The notes will mature on August 15, 2031, with interest payable semi-annually on February 15 and August 15, commencing February 15, 2027.
- The Company may redeem the notes prior to July 15, 2031, at a redemption price based on a treasury rate plus 35 basis points, or at 100% of principal amount thereafter.
- Net proceeds will be used to pay down existing indebtedness, including its senior secured revolving credit facility and 3.400% notes due 2026.
- The 3.400% notes due 2026 mature on July 15, 2026.
- The notes are direct, general unsecured obligations of the Company.
- A change of control repurchase event requires the Company to offer to purchase the notes at 100% of principal plus accrued interest.
Price Impact
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