Blue Owl Capital Corp Files Q2 2024 10-Q

TL;DR

Blue Owl Capital's Q2 10-Q is in, showing investment details across various categories. Check the numbers.

AI Summary

Blue Owl Capital Corp filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial position and performance, including investments in unaffiliated, affiliated non-controlled, and affiliated controlled issuers. Specific financial figures and comparative data from previous periods are presented.

Why It Matters

This filing provides investors and analysts with a detailed look at Blue Owl Capital's financial health and investment portfolio for the second quarter of 2024, crucial for understanding its current market standing.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-08-07 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Blue Owl Capital Corp (company) — Filer of the 10-Q
• Owl Rock Capital Corp (company) — Former company name
• 20240630 (date) — End of reporting period
• 20240807 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share OBDC The New York S

Filing Documents

• obdc-20240630.htm (10-Q) — 11054KB
• ex311-06302024.htm (EX-31.1) — 11KB
• ex312-06302024.htm (EX-31.2) — 11KB
• ex321-06302024.htm (EX-32.1) — 5KB
• ex322-06302024.htm (EX-32.2) — 5KB
• 0001655888-24-000019.txt ( ) — 48158KB
• obdc-20240630.xsd (EX-101.SCH) — 88KB
• obdc-20240630_cal.xml (EX-101.CAL) — 57KB
• obdc-20240630_def.xml (EX-101.DEF) — 689KB
• obdc-20240630_lab.xml (EX-101.LAB) — 818KB
• obdc-20240630_pre.xml (EX-101.PRE) — 784KB
• obdc-20240630_htm.xml (XML) — 10816KB

Notes to Consolidated Financial Statements (Unaudited)

Notes to Consolidated Financial Statements (Unaudited) 62 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 121 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 187 Item 4.

Controls and Procedures

Controls and Procedures 188 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 189 Item 1A.

Risk Factors

Risk Factors 189 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 192 Item 3. Defaults Upon Senior Securities 192 Item 4. Mine Safety Disclosures 192 Item 5. Other Information 192 Item 6. Exhibits 193

Signatures

Signatures 194 ii CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about Blue Owl Capital Corporation (the "Company," "we" or "our"), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation: an economic downturn could impair our portfolio companies' ability to continue to operate, which could lead to the loss of some or all of our investments in such portfolio companies; an economic downturn could disproportionately impact the companies that we intend to target for investment, potentially causing us to experience a decrease in investment opportunities and diminished demand for capital from these companies; the impact of elevated interest and inflation rates, ongoing supply chain and labor market disruptions, including those as a result of strikes, work stoppages or accidents, instability in the U.S. and international banking systems, uncertainties related to the 2024 U.S. presidential election, and the risk of

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements Blue Owl Capital Corporation Consolidated Statements of Assets and Liabilities (Amounts in thousands, except share and per share amounts) June 30, 2024 (Unaudited) December 31, 2023 Assets Investments at fair value Non-controlled, non-affiliated investments (amortized cost of $ 11,767,932 and $ 11,271,962 , respectively) $ 11,705,361 $ 11,264,956 Non-controlled, affiliated investments (amortized cost of $ 30,965 and $ 19,004 , respectively) 32,357 19,988 Controlled, affiliated investments (amortized cost of $ 1,515,151 , and $ 1,341,236 , respectively) 1,604,264 1,428,404 Total investments at fair value (amortized cost of $ 13,314,048 and $ 12,632,202 , respectively) 13,341,982 12,713,348 Cash (restricted cash of $ 104,104 and $ 87,067 , respectively) 377,914 658,702 Foreign cash (cost of $ 2,077 and $ 946 , respectively) 2,070 956 Interest receivable 109,300 112,260 Receivable from a controlled affiliate 30,354 22,978 Prepaid expenses and other assets 5,000 3,152 Total Assets $ 13,866,620 $ 13,511,396 Liabilities Debt (net of unamortized debt issuance costs of $ 84,433 and $ 81,492 , respectively) $ 7,414,920 $ 7,077,088 Distribution payable 144,380 136,407 Management fee payable 48,005 47,711 Incentive fee payable 40,119 42,217 Payables to affiliates 7,313 3,835 Payable for investments purchased 9,130 — Accrued expenses and other liabilities 208,469 182,745 Total Liabilities 7,872,336 7,490,003 Commitments and contingencies (Note 7) Net Assets Common shares $ 0.01 par value, 500,000,000 shares authorized; 390,217,304 and 389,732,868 shares issued and outstanding, respectively 3,902 3,897 Additional paid-in-capital 5,931,419 5,924,002 Accumulated undistributed (overdistributed) earnings 58,963 93,494 Total Net Assets 5,994,284 6,021,393 Total Liabilities and Net Assets $ 13,866,620 $ 13,511,396 Net Asset Value Per Share $ 15.36 $ 15.45 The accompanying notes are an integral par

View Full Filing

View this 10-Q filing on SEC EDGAR