---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-114945"
form_type: "8-K"
ticker: "OBDC"
cik: "0001655888"
company_name: "Blue Owl Capital Corp"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:21:35.676083+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Capital Q1 NII $0.41/sh, adj NII $0.39; supplemental dividend $0.01

## Summary
- GAAP NII per share $0.41; adjusted NII per share $0.39, down from $0.47 in Q4 2024.
- NAV per share $15.14 vs $15.26 at Dec 31, 2024; decline from credit spreads and write-downs.
- Declared Q2 regular dividend $0.37/sh and Q1 supplemental $0.01/sh; 10.0% annualized yield on NAV.
- Merger with OBDE closed Jan 13, 2025; now second largest public BDC with over $18B total assets.
- Non-accrual investments at 0.8% of portfolio fair value (0.4% prior Q); new commitments $1.2B.

## SEC filing metadata
- accession: 0001193125-25-114945
- form_type: 8-K
- ticker: OBDC
- cik: 0001655888
- company_name: Blue Owl Capital Corp
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655888/000119312525114945/0001193125-25-114945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655888/000119312525114945/d945226d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-114945
- JSON: https://secwatch.observer/filing/0001193125-25-114945.json
- Plain text: https://secwatch.observer/filing/0001193125-25-114945.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.