Blue Owl Capital

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

Blue Owl Capital reported Q2 adjusted net investment income of $0.34 per share, helped by a $274 million realization from Mavis Tire and higher specialty-finance dividends. The board declared a $0.31 base dividend and a $0.02 supplemental dividend. NAV fell to $14.26 from $14.41 mainly due to a credit-specific markdown on Loparex, while broader portfolio fundamentals remained stable. Investment activity was muted with $429 million funded versus $747 million repaid, lowering net leverage to 1.11 and leaving about $3.5 billion of total liquidity and more than $10 billion of deployable capital. » More on finance.yahoo.com