Blue Owl Capital Corp (OBDC): debt financing — Blue Owl Capital completes $484.9M CLO refinancing; issues secured notes and preferred shares

Blue Owl Capital Corp

Issued $202M Class A-R Notes at Benchmark+1.40%, $53.5M Class B-R Notes at Benchmark+1.70%.
Incurred $50M Class A-L1-R and $25M Class A-L2-R loans, each at Benchmark+1.40%.
Issued $43.1M of additional preferred shares; total preferred shares outstanding now 154,420.
Proceeds used to redeem prior CLO notes; secured debt matures April 2038.
Blue Owl Credit Advisors remains collateral manager; management fee offset by collateral management fees.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Blue Owl Capital Corp incurred credit facility of $484,920,000 with Owl Rock CLO VII, LLC as issuer; State Street Bank and Trust Company as trustee; SG Americas Securities, LLC as initial purchaser at Benchmark plus 1.40% (Class A-R and Class A-L1-R/Class A-L2-R loans), Benchmark maturing April 2038.

Instrument: credit facility
Principal: $484,920,000
Counterparty: Owl Rock CLO VII, LLC as issuer; State Street Bank and Trust Company as trustee; SG Americas Securities, LLC as initial purchaser
Rate: Benchmark plus 1.40% (Class A-R and Class A-L1-R/Class A-L2-R loans), Benchmark
Maturity: April 2038
Event: incurrence

Exact text from the filing

On February 28, 2025 (the "Refinancing Date"), Blue Owl Capital Corporation (the "Company") completed a $484,920,000 term debt securitization refinancing (the "CLO Refinancing"), also known as a collateralized loan obligation refinancing, which is a form of secured financing incurred by the Company.

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Blue Owl Capital Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-047228

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