---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-001250"
form_type: "8-K"
ticker: "OBDC"
cik: "0001655888"
company_name: "Blue Owl Capital Corp"
filed_at: "2025-01-13T23:59:59+00:00"
generated_at: "2026-05-28T03:31:09.346056+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-001250
- form_type: 8-K
- ticker: OBDC
- cik: 0001655888
- company_name: Blue Owl Capital Corp
- filed_at: 2025-01-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655888/000162828025001250/0001628280-25-001250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655888/000162828025001250/obdc-20250113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-001250
- JSON: https://secwatch.observer/filing/0001628280-25-001250.json
- Plain text: https://secwatch.observer/filing/0001628280-25-001250.txt

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