---
schema_version: "secwatch.filing_event.v1"
accession: "0001655888-26-000009"
form_type: "8-K"
ticker: "OBDC"
cik: "0001655888"
company_name: "Blue Owl Capital Corp"
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:05:46.182272+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Capital Q4 adjusted NII $0.36/sh; announces $1.4B asset sale, new $300M buyback

## Summary
- Q4 adjusted NII per share $0.36, consistent with Q3; dividend $0.37/sh (10% annualized yield).
- New $300M share repurchase program replaces prior $200M; Q4 repurchases of $148M at 86% of book value.
- Sold $400M of direct lending investments as part of $1.4B sale to institutional investors at fair value.
- NAV per share $14.81 (down from $14.89); non-accruals improved to 2.3% cost, 1.1% fair value.
- Moody's upgraded OBDC to Baa2 in January 2026, citing credit profile and liability management.

## SEC filing metadata
- accession: 0001655888-26-000009
- form_type: 8-K
- ticker: OBDC
- cik: 0001655888
- company_name: Blue Owl Capital Corp
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655888/000165588826000009/0001655888-26-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655888/000165588826000009/obdc-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001655888-26-000009
- JSON: https://secwatch.observer/filing/0001655888-26-000009.json
- Plain text: https://secwatch.observer/filing/0001655888-26-000009.txt

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