Blue Owl Capital Corp (OBDC): M&A transaction — 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.

item 1.01 item 2.03 item 2.01 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 completed an acquisition involving Blue Owl Capital Corporation III (closed 2025-01-13).

Action: acquisition
Counterparty: Blue Owl Capital Corporation III
Closing: 2025-01-13

Exact text from the filing

On January 13, 2025, the Company completed its previously announced acquisition of Blue Owl Capital Corporation III, a Maryland corporation (“OBDE”)

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Blue Owl Capital Corp filing history →

Source: SEC EDGAR

accession 0001628280-25-001250

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