debt
confidence high
sentiment neutral
materiality 0.50
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.