Blue Owl Capital Corp. Reports New Financial Obligation

TL;DR

Blue Owl Capital just took on a new financial obligation, filing an 8-K on Nov 19th.

AI Summary

On November 19, 2024, Blue Owl Capital Corp. filed an 8-K to report the creation of a direct financial obligation. The filing does not specify the exact nature or amount of the obligation, but it indicates a new financial commitment for the company.

Why It Matters

This filing signals a new debt or financial commitment for Blue Owl Capital Corp., which could impact its financial leverage and future investment capacity.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation can increase a company's debt burden and financial risk.

Key Players & Entities

• Blue Owl Capital Corp. (company) — Registrant
• November 19, 2024 (date) — Date of earliest event reported
• 399 Park Avenue New York , NY 10022 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share OBDC The New York Stock Excha
• $400 million — on (the "Company") issued an additional $400 million in aggregate principal amount of its 5.
• $600 million — ), pursuant to which the Company issued $600 million in aggregate principal amount of the 5.
• $1,000,000,000 — Company's 5.950% Notes due 2029 became $1,000,000,000. The Notes will mature on March 15, 20
• $50 million — res on August 26, 2027, with respect to $50 million of commitments and on November 17, 2028

Filing Documents

• obdc-20241119.htm (8-K) — 43KB
• obdc-exhibit51x8xkreclosing.htm (EX-5.1) — 18KB
• evershedslogo.jpg (GRAPHIC) — 78KB
• 0001628280-24-048503.txt ( ) — 298KB
• obdc-20241119.xsd (EX-101.SCH) — 2KB
• obdc-20241119_lab.xml (EX-101.LAB) — 21KB
• obdc-20241119_pre.xml (EX-101.PRE) — 12KB
• obdc-20241119_htm.xml (XML) — 3KB

03. Creation of a Direct Financial Obligation

Item 2.03. Creation of a Direct Financial Obligation On November 19, 2024, Blue Owl Capital Corporation (the "Company") issued an additional $400 million in aggregate principal amount of its 5.950% Notes due 2029 (the "New Notes" and the issuance and sale of the New Notes, the "Offering"). The New Notes were issued as additional notes under the base indenture, dated as of April 10, 2019 (the "Base Indenture"), between the Company and Deutsche Bank Trust Company Americas (the "Trustee"), as supplemented by the Eighth Supplemental Indenture, dated as of January 22, 2024 (the "Eighth Supplemental Indenture" and together with the Base Indenture, the "Indenture"), pursuant to which the Company issued $600 million in aggregate principal amount of the 5.950% Notes due 2029 (the "Existing Notes" and, together with the New Notes, the "Notes") on January 22, 2024. The New Notes are being treated as a single series with the Existing Notes under the Indenture and will have the same terms as the Existing Notes (except the issue date, the offering price and the initial interest payment date). The New Notes have the same CUSIP number and are fungible and rank equally with the Existing Notes. Upon issuance of the New Notes, the outstanding aggregate principal amount of the Company's 5.950% Notes due 2029 became $1,000,000,000. The Notes will mature on March 15, 2029, and prior to February 15, 2029 (one month prior to the maturity date of the Notes) (the "Par Call Date"), the Company may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 4.1 Indenture, dated April 10, 2019, between Owl Rock Capital Corporation and Wells Fargo Bank, National Association (incorporated by reference to Exhibit (d)(2) to Pre-Effective Amendment No. 1 to the Company's Registration Statement on Form N-2 (File No. 333-233186) filed on September 20, 2019). 4.2 Eighth Supplemental Indenture, dated as of January 22, 2024, between Blue Owl Capital Corporation and and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Exhibit 4.2 to the Company's Current Report on Form 8-K, filed on January 23, 2024). 4.3 Form of 5.950% Note Due 2029 (incorporated by reference to Exhibit 4.3 to the Company's Current Report on Form 8-K, filed on January 23, 2024). 5.1 Opinion of Eversheds Sutherland (US) LLP 23.1 Consent of Eversheds Sutherland (US) LLP (included as part of Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Blue Owl Capital Corporation November 19, 2024 By: /s/ Jonathan Lamm Name: Jonathan Lamm Title: Chief Operating Officer and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR