M&A
confidence high
sentiment negative
materiality 0.85
Blue Owl Capital Corporation terminates merger with Blue Owl Capital Corporation II
Blue Owl Capital Corp
- Mutual termination of the Merger Agreement effective November 18, 2025 due to current market conditions.
- Joint press release issued on November 19, 2025; OBDC II plans to reinstate tender program in Q1 2026.
- OBDC II reports cumulative net return of nearly 80% since inception and annualized net return of 9.3%.
- OBDC II's loss rate since inception is 23 basis points; non-accrual rate is less than 2% at fair value.
- OBDC's $200 million share repurchase program announced concurrently with the merger remains in place.