--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-236215" form_type: "8-K" ticker: null cik: "0001655887" company_name: "Blue Owl Capital Corp II" filed_at: "2023-09-15T23:59:59+00:00" generated_at: "2026-06-10T16:23:32.904940+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Blue Owl Capital Corp II closes $399.3M CLO with secured notes and preferred shares ## Summary - Issued $228M Class A notes (AAA(sf)) at SOFR+2.55% and $32M Class B notes (AA(sf)) at SOFR+3.35%. - Issued ~$139.3M preferred shares (139,300 at $1,000/share) purchased entirely by the company. - CLO backed by middle-market loans; proceeds for general corporate purposes; maturity 2035. - Goldman Sachs as placement agent; NatWest as co-placement agent. - Blue Owl Credit Advisors LLC serves as collateral manager; fees waived but may be rescinded. ## SEC filing metadata - accession: 0001193125-23-236215 - form_type: 8-K - cik: 0001655887 - company_name: Blue Owl Capital Corp II - filed_at: 2023-09-15T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/0001193125-23-236215-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/d507758d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-236215 - JSON: https://secwatch.observer/filing/0001193125-23-236215.json - Plain text: https://secwatch.observer/filing/0001193125-23-236215.txt ## Key facts - Debt Financings Blue Owl Capital Corp II incurred senior notes of $32 million with State Street Bank and Trust Company at three-month term SOFR plus 3.35% maturing September 20, 2035. - Instrument: senior notes - Principal: $32 million - Counterparty: State Street Bank and Trust Company - Rate: three-month term SOFR plus 3.35% - Maturity: September 20, 2035 - Event: incurrence source text: $32 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 3.35% evidence_url: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/0001193125-23-236215-index.htm - Debt Financings Blue Owl Capital Corp II incurred debt of approximately $139.3 million with Blue Owl Capital Corp II. - Principal: approximately $139.3 million - Counterparty: Blue Owl Capital Corp II - Event: incurrence source text: the Issuer issued approximately $139.3 million of subordinated securities in the form of 139,300 preferred shares evidence_url: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/0001193125-23-236215-index.htm - Debt Financings Blue Owl Capital Corp II incurred senior notes of $228 million with State Street Bank and Trust Company at three-month term SOFR plus 2.55% maturing September 20, 2035. - Instrument: senior notes - Principal: $228 million - Counterparty: State Street Bank and Trust Company - Rate: three-month term SOFR plus 2.55% - Maturity: September 20, 2035 - Event: incurrence source text: $228 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 2.55% evidence_url: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/0001193125-23-236215-index.htm - Material Agreements Blue Owl Capital Corp II entered into OBDC II Financing Subsidiaries Loan Sale Agreement with Issuer and ORCC II Financing LLC and OR Lending II LLC valued at approximately $298.497 million funded par amount of middle market loans (effective 2023-09-12). - Action: entry - Counterparty: Issuer and ORCC II Financing LLC and OR Lending II LLC - Value: approximately $298.497 million funded par amount of middle market loans - Effective: 2023-09-12 source text: the remainder of the initial portfolio assets securing the Secured Notes consisted of approximately $298.497 million funded par amount of middle market loans purchased by the Issuer from ORCC II Financing LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the Closing Date between the Issuer and ORCC II Financing LLC and OR Lending II LLC, a wholly-owned subsidiary of the Company (the “OBDC II Financing Subsidiaries Loan Sale Agreement”) evidence_url: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/0001193125-23-236215-index.htm - Material Agreements Blue Owl Capital Corp II entered into Indenture with State Street Bank and Trust Company valued at $228 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 2.55% and ( (effective 2023-09-12). - Action: entry - Agreement: notes offering - Counterparty: State Street Bank and Trust Company - Value: $228 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 2.55% and ( - Effective: 2023-09-12 source text: the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the Closing Date (the “Indenture”), by and among the Issuer and State Street Bank and Trust Company: (i) $228 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 2.55% and (ii) $32 million of AA(sf) Class B Notes evidence_url: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/0001193125-23-236215-index.htm - Material Agreements Blue Owl Capital Corp II entered into OBDC II Loan Sale Agreement with Owl Rock CLO XIII, LLC valued at approximately $36.444 million funded par amount of middle market loans (effective 2023-09-12). - Action: entry - Counterparty: Owl Rock CLO XIII, LLC - Value: approximately $36.444 million funded par amount of middle market loans - Effective: 2023-09-12 source text: the Company entered into a loan sale agreement with the Issuer dated as of the Closing Date (the “OBDC II Loan Sale Agreement”), which provided for the contribution of approximately $36.444 million funded par amount of middle market loans from the Company to the Issuer on the Closing Date evidence_url: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/0001193125-23-236215-index.htm - Material Agreements Blue Owl Capital Corp II entered into Collateral Management Agreement with Blue Owl Credit Advisors LLC (effective 2023-09-12). - Action: entry - Counterparty: Blue Owl Credit Advisors LLC - Effective: 2023-09-12 source text: OCA will serve as collateral manager for the Issuer under a collateral management agreement dated as of the Closing Date (the “Collateral Management Agreement”) evidence_url: https://www.sec.gov/Archives/edgar/data/1655887/000119312523236215/0001193125-23-236215-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.