--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-005227" form_type: "8-K" ticker: "OBDC" cik: "0001655888" company_name: "Blue Owl Capital Corp" filed_at: "2024-01-09T23:59:59+00:00" generated_at: "2026-06-07T01:32:32.896349+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Blue Owl Capital closes $390M CLO refinancing, redeems $85.3M subordinated securities ## Summary - Issued $221.4M AAA(sf) Class A-NR notes at Benchmark+2.40% and $25M AAA(sf) Class A-FR notes at 6.35%. - Issued $41.6M AA(sf) Class B-R notes at Benchmark+3.25% and $52M A(sf) Class C notes at Benchmark+4.25%. - Borrowed $50M in Class A-LR loans at Benchmark+2.40%; total secured debt $390M, maturing Feb 20, 2036. - Proceeds used to redeem prior debt and $85.3M of subordinated securities; $120.8M preferred shares remain outstanding. - Blue Owl Credit Advisors continues as collateral manager; fees waived but may be reinstated with offset to management fee. ## SEC filing metadata - accession: 0001193125-24-005227 - form_type: 8-K - ticker: OBDC - cik: 0001655888 - company_name: Blue Owl Capital Corp - filed_at: 2024-01-09T23:59:59+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/1655888/000119312524005227/0001193125-24-005227-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655888/000119312524005227/d694547d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-005227 - JSON: https://secwatch.observer/filing/0001193125-24-005227.json - Plain text: https://secwatch.observer/filing/0001193125-24-005227.txt ## Key facts - Material Agreements Blue Owl Capital Corp entered into Class A-LR Credit Agreement with State Street Bank and Trust Company (as collateral trustee and loan agent) and various lenders valued at $50,000,000 floating rate Class A-LR Loans (effective 2024-01-04). - Action: entry - Agreement: credit facility - Counterparty: State Street Bank and Trust Company (as collateral trustee and loan agent) and various lenders - Value: $50,000,000 floating rate Class A-LR Loans - Effective: 2024-01-04 source text: The Class A-LR Loans were borrowed under a credit agreement (the “ Class A-LR Credit Agreement ”), dated as of the Refinancing Date, by and among the Issuer, as borrower, various financial institutions and other persons, as lenders, and State Street Bank and Trust Company, as collateral trustee and loan agent. evidence_url: https://www.sec.gov/Archives/edgar/data/1655888/000119312524005227/0001193125-24-005227-index.htm - Material Agreements Blue Owl Capital Corp entered into Amended and Restated Loan Sale Agreement (ORCC Financing II) with ORCC Financing II LLC valued at Sale of middle market loans (portion of portfolio assets) (effective 2024-01-04). - Action: entry - Agreement: asset purchase - Counterparty: ORCC Financing II LLC - Value: Sale of middle market loans (portion of portfolio assets) - Effective: 2024-01-04 source text: which the Issuer and ORCC Financing II LLC amended and restated on the Refinancing Date (the “ ORCC Financing II Loan Sale Agreement ”) in connection with the refinancing. evidence_url: https://www.sec.gov/Archives/edgar/data/1655888/000119312524005227/0001193125-24-005227-index.htm - Material Agreements Blue Owl Capital Corp entered into Second Supplemental Indenture with State Street Bank and Trust Company valued at Issuance of $340,000,000 secured notes (effective 2024-01-04). - Action: entry - Agreement: notes offering - Counterparty: State Street Bank and Trust Company - Value: Issuance of $340,000,000 secured notes - Effective: 2024-01-04 source text: as supplemented by the first supplemental indenture dated as of June 28, 2023 and as further amended by the second supplemental indenture dated as of the Refinancing Date (the “ Indenture ”), by and between the Issuer and State Street Bank and Trust Company: (i) $221,400,000 of AAA(sf) Class A-NR Notes, which bear interest at the Benchmark plus 2.40%, (ii) $25,000,000 of AAA(sf) Class A-FR Notes, which bear interest at 6.35%, (iii) $41,600,000 of AA(sf) Class B-R Notes, which bear interest at the Benchmark plus 3.25% and (iv) $52,000,000 of A(sf) Class C Notes, which bear interest at the Benchmark plus 4.25% evidence_url: https://www.sec.gov/Archives/edgar/data/1655888/000119312524005227/0001193125-24-005227-index.htm - Material Agreements Blue Owl Capital Corp entered into Amended and Restated Loan Sale Agreement (OBDC) with Blue Owl Capital Corporation valued at Sale of approximately $106 million par amount of middle market loans (effective 2024-01-04). - Action: entry - Agreement: asset purchase - Counterparty: Blue Owl Capital Corporation - Value: Sale of approximately $106 million par amount of middle market loans - Effective: 2024-01-04 source text: the Issuer, as the successor to the Original Issuer, and the Company entered into an amended and restated loan sale agreement with the Company dated as of the Refinancing Date (the “ OBDC Loan Sale Agreement ”), pursuant to which the Issuer assumed all ongoing obligations of the Original Issuer under the original agreement and the Company sold approximately $106 million par amount middle market loans to the Issuer on the Refinancing Date evidence_url: https://www.sec.gov/Archives/edgar/data/1655888/000119312524005227/0001193125-24-005227-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.