Blue Owl Capital Corp (OBDC): debt financing — Blue Owl Capital completes $409.7M CLO refinancing, issues new notes and loans

Blue Owl Capital Corp

Issued $93M AAA(sf) Class A-R Notes (B+1.39%), $44M AA(sf) Class B-R Notes (B+1.70%), and $135M Class A-L1 Loans (B+1.39%).
Proceeds from $409.7M refinancing used to redeem in full March 2023 notes and pay expenses.
New debt matures in April 2037; proceeds support general corporate purposes.
Company holds $137.7M Preferred Shares; Adviser waived collateral management fees.
Blue Owl Credit Advisors LLC serves as collateral manager under amended agreement.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Blue Owl Capital Corp incurred credit facility of $409,700,000 maturing mature on the Payment Date in April 2037.

Instrument: credit facility
Principal: $409,700,000
Maturity: mature on the Payment Date in April 2037
Event: incurrence

Exact text from the filing

On April 4, 2025 (the “Refinancing Date”), Blue Owl Capital Corporation (the “Company”) completed a $409,700,000 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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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Blue Owl Capital Corp incurred senior notes of $44,000,000 with State Street Bank and Trust Company at Benchmark plus 1.70% maturing mature on the Payment Date in April 2037.

Instrument: senior notes
Principal: $44,000,000
Counterparty: State Street Bank and Trust Company
Rate: Benchmark plus 1.70%
Maturity: mature on the Payment Date in April 2037
Event: incurrence

Exact text from the filing

$44,000,000 of AA(sf) Class B-R Notes, which bear interest at the Benchmark plus 1.70%

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Blue Owl Capital Corp incurred term loan of $135,000,000 with State Street Bank and Trust Company at Benchmark plus 1.39% maturing mature on the Payment Date in April 2037.

Instrument: term loan
Principal: $135,000,000
Counterparty: State Street Bank and Trust Company
Rate: Benchmark plus 1.39%
Maturity: mature on the Payment Date in April 2037
Event: incurrence

Exact text from the filing

the borrowing by the Issuer of $135,000,000 under floating rate Class A-L1 loans (the “Class A-L1 Loans”

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Blue Owl Capital Corp incurred senior notes of $93,000,000 with State Street Bank and Trust Company at Benchmark plus 1.39% maturing mature on the Payment Date in April 2037.

Instrument: senior notes
Principal: $93,000,000
Counterparty: State Street Bank and Trust Company
Rate: Benchmark plus 1.39%
Maturity: mature on the Payment Date in April 2037
Event: incurrence

Exact text from the filing

$93,000,000 of AAA(sf) Class A-R Notes, which bear interest at the Benchmark plus 1.39%

View on SEC.gov

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Blue Owl Capital Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-076880

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