secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Capital Corp (OBDC)
CIK:        0001655888
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001655888-26-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1655888/000165588826000009/0001655888-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1655888/000165588826000009/obdc-20260218.htm
  HTML page:      https://secwatch.observer/filing/0001655888-26-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer