Blue Owl Capital Corp closes merger with OBDE, issues ~120.6M shares, assumes $325M notes

Blue Owl Capital Corp

Merger closed Jan 13, 2025; each OBDE share converted to 0.9779 OBDC shares; ~120.6M OBDC shares issued.
OBDC assumed $325M 3.125% Notes due 2027 and $492M senior notes (Series 2022A/B, 2023A) from OBDE.
OBDC's revolving credit facility increased from $2.985B to $3.660B via accordion feature upon merger closing.
Estimated NAVs as of Jan 10: OBDC $15.30/sh, OBDE $14.96/sh; exchange ratio adjusted due to stock/NAV ratio.

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