---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-053061"
form_type: "8-K"
ticker: "OBDC"
cik: "0001655888"
company_name: "Blue Owl Capital Corp"
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:29:49.437314+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Capital Corporation terminates merger with Blue Owl Capital Corporation II

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-053061
- form_type: 8-K
- ticker: OBDC
- cik: 0001655888
- company_name: Blue Owl Capital Corp
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655888/000162828025053061/0001628280-25-053061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655888/000162828025053061/obdc-20251118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-053061
- JSON: https://secwatch.observer/filing/0001628280-25-053061.json
- Plain text: https://secwatch.observer/filing/0001628280-25-053061.txt

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