OBDC II sells $600M in loans at 99.7% of par; announces special distribution up to $2.35/share

Blue Owl Capital Corp II

Sold $600M of debt investment commitments (33.8% of total) to six institutional investors at 99.7% of par value.
Proceeds used to repay $286.8M in debt and fund special cash distribution of up to $2.35/share (~30% NAV) by March 31, 2026.
Board approved regular monthly distributions of $0.0533/share for Feb/March 2026; terminated dividend reinvestment plan.
Amended credit facility: commitment reduced from $225M to $75M, availability shortened to Oct 2027, margins increased.

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Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Capital Corp II amended Omnibus Amendment to the Revolving Credit Agreement and Guarantee and Security Agreement with Sumitomo Mitsui Banking Corporation, as Administrative Agent and as Collateral Agent (effective 2026-02-17).

Action: amendment
Agreement: credit facility
Counterparty: Sumitomo Mitsui Banking Corporation, as Administrative Agent and as Collateral Agent
Effective: 2026-02-17

Exact text from the filing

On February 17, 2026, Blue Owl Capital Corporation II (the “Company”) entered into that certain Omnibus Amendment to the Revolving Credit Agreement and Guarantee and Security Agreement (the “Omnibus Amendment”), which amends (i) that certain Revolving Credit Agreement, dated as of January 12, 2024

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Source: SEC EDGAR

accession 0001628280-26-009025

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