Blue Owl Capital Corp III: M&A transaction — Blue Owl Capital Corporation III acquired by OBDC; creates $18.6B BDC

Blue Owl Capital Corp III

OBDE shareholders received 0.9779 OBDC shares per share; cash for fractional shares.
Combined BDC has $18.6B total assets at fair value and 232 portfolio companies; now second largest publicly traded BDC.
Legacy OBDC shareholders own ~76% of combined company; former OBDE holders own ~24%.
OBDC adviser Blue Owl Credit Advisors LLC reimbursed $4.25M of merger-related fees and expenses.
Trading of OBDE halted Jan 13, 2025; combined company continues under OBDC on NYSE.

item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Blue Owl Capital Corp III underwent a change of control involving Blue Owl Capital Corporation (OBDC) for 0.9779 shares of common stock per share of Company's common stock (closed 2025-01-13).

Action: change of control
Counterparty: Blue Owl Capital Corporation (OBDC)
Consideration: 0.9779 shares of common stock per share of Company's common stock
Closing: 2025-01-13

Exact text from the filing

with the terms of the Merger Agreement, at the effective time of the Merger, each outstanding share of the Company’s common stock was converted into the right to receive 0.9779 shares of common stock, par value $0.01 per share of OBDC’s common stock (with the Company’s stockholders receiving cash in lieu of fractional shares of OBDC’s common stock). As a

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Source: SEC EDGAR

accession 0001628280-25-001248

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