Blue Owl Capital

Funds managed by Blue Owl are leading a $2.4 billion financing for IREN, consisting of a $1.2 billion secured senior loan and $1.2 billion of secured senior notes. The proceeds will finance the purchase of air‑cooled NVIDIA Blackwell Ultra GPUs for IREN’s data center campus in Mackenzie, Canada, and will be provided in tranches over a set drawdown period. The financing supports the expansion of IREN’s AI cloud infrastructure, which has a global development pipeline of more than 5 GW. » More on de.investing.com

Blue Owl, through its subsidiary Blue Owl Finance LLC, issued senior notes totaling $750 million due 2036 with a 6.75% coupon. The notes are guaranteed by Blue Owl and several subsidiaries and are intended to be used partly to repay the revolver credit facility. BofA Securities, Goldman Sachs and Morgan Stanley acted as joint book-running managers; the offering was made under an effective shelf registration with the SEC and is subject to customary closing conditions. » More on de.investing.com

Blue Owl Capital will raise about $500 million through its financing unit Blue Owl Finance with a ten‑year bond. Initial price indications show a spread of roughly 2.5 percentage points over U.S. Treasuries; proceeds are intended to repay a revolving credit facility. The issuance follows earlier debt offerings by the company’s private‑credit funds, after some funds imposed restrictions amid valuation and redemption concerns; Blue Owl continues to emphasize strong borrower fundamentals and easing AI worries. » More on de.investing.com