Blue Owl Capital Prices $250M Senior Notes

Blue Owl Capital Inc. has announced the pricing of a $250 million offering of 6.250% senior notes due 2034 by its indirect subsidiary, Blue Owl Finance LLC. The issue price of the notes is 100.355%, plus accrued interest from April 18, 2024. These notes are being offered as additional notes under the same indenture as the previously issued $750 million aggregate principal amount of its 6.250% senior notes due 2034 and will be treated as a single series with such previously issued senior notes.

The notes will be fully and unconditionally guaranteed by various entities within the Blue Owl Capital Inc. group. The company intends to use the net proceeds from this offering for general corporate purposes, including funding future strategic acquisitions or related transactions and growth initiatives.

As of March 31, 2024, Blue Owl Capital Inc. had over $174 billion in assets under management. The company invests across three multi-strategy platforms: credit, GP strategic capital, and real estate. It aims to provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities. As a result of these announcements, the company's shares have moved 0.1% on the market, and are now trading at a price of $19.36. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.