---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-009025"
form_type: "8-K"
ticker: null
cik: "0001655887"
company_name: "Blue Owl Capital Corp II"
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:05:45.482741+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-009025
- form_type: 8-K
- cik: 0001655887
- company_name: Blue Owl Capital Corp II
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655887/000162828026009025/0001628280-26-009025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655887/000162828026009025/obdc-20260217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-009025
- JSON: https://secwatch.observer/filing/0001628280-26-009025.json
- Plain text: https://secwatch.observer/filing/0001628280-26-009025.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1655887/000162828026009025/0001628280-26-009025-index.htm

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