debt
confidence high
sentiment neutral
materiality 0.30
Blue Owl Capital amends note purchase agreement to allow selective prepayment of individual series/tranches
Blue Owl Capital Corp
- Amendment covers $142M 7.50% Series 2022A, $190M 7.58% Tranche B, $60M 7.58% Series 2022B, and $100M 8.10% Series 2023A senior notes.
- Optional prepayment of any Series or tranche now permitted without allocating to all outstanding notes, subject to conditions.
- Partial prepayment allocation rules adjusted; no Prepayment Settlement Amount owed on prepayments unless offered by the Company.
- Other terms of the Note Purchase Agreement remain substantially unchanged; no new debt issued.
- Noteholders include Fidelity & Guaranty, MassMutual, Equitable, AIG, and others.