---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-267192"
form_type: "8-K"
ticker: "OBDC"
cik: "0001655888"
company_name: "Blue Owl Capital Corp"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:18:58.360473+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Capital Q3 adjusted NII $0.36, NAV $14.89; announces merger with OBDC II and $200M buyback

## Summary
- GAAP NII $0.37/share; adjusted NII $0.36/share, down from $0.40 prior quarter.
- NAV per share $14.89, vs $15.03 at June 30, driven by unrealized depreciation.
- New investment commitments $1.3B; non-accrual investments 1.3% of portfolio at fair value (up from 0.7%).
- Declared Q4 dividend $0.37/share; new $200M stock repurchase program authorized.
- Announced merger with Blue Owl Capital Corp II (OBDC II), subject to shareholder approvals.

## SEC filing metadata
- accession: 0001193125-25-267192
- form_type: 8-K
- ticker: OBDC
- cik: 0001655888
- company_name: Blue Owl Capital Corp
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655888/000119312525267192/0001193125-25-267192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655888/000119312525267192/d83755d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-267192
- JSON: https://secwatch.observer/filing/0001193125-25-267192.json
- Plain text: https://secwatch.observer/filing/0001193125-25-267192.txt

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