Blue Owl Capital Stock Price, News & Analysis

Blue Owl Capital (NYSE: OBDC) has announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Wednesday, February 19, 2025, after market close. The company will host a webcast and conference call on Thursday, February 20, 2025, at 10:00 a.m. Eastern Time to discuss these results.

The conference call will be accessible via webcast on OBDC's website and through dial-in numbers for both domestic (877-737-7048) and international (+1-201-689-8523) participants. A replay will be available through the website for one year and via dial-in for 14 days using access code 13750520.

Blue Owl Capital (NYSE: OBDC) has released preliminary Q4 2024 financial results and announced the completion of its merger with Blue Owl Capital III (OBDE) on January 13, 2025. The combined entity shows strong financial metrics with total assets of $18.3 billion and total net assets of $7.8 billion.

Key Q4 2024 metrics for OBDC include total investment income per share of $1.01, net investment income per share of $0.47, and a return on equity of 12.3%. The pro forma portfolio consists of 236 portfolio companies with a focus on first lien senior secured debt investments (77.9%). The portfolio shows strong diversification across industries, with internet software and services (11.1%), insurance (8.3%), and food and beverage (6.8%) being the top sectors.

The merger is expected to enhance liquidity, achieve lower financing costs, and generate operational efficiencies. The combined entity maintains a healthy portfolio quality with only 0.3% of investments on non-accrual status.

Blue Owl Capital (NYSE: OBDC) has completed its merger with Blue Owl Capital III (OBDE), creating the second largest publicly traded BDC by total assets. The combined entity, operating as OBDC, now manages $18.6 billion in total assets and investments across 232 portfolio companies as of September 30, 2024.

In the merger transaction, OBDE shareholders received 0.9779 shares of OBDC common stock for each OBDE share, plus cash for fractional shares. The post-merger ownership structure comprises approximately 76% legacy OBDC shareholders and 24% former OBDE shareholders. Blue Owl Credit Advisors , OBDC's adviser, has committed to reimburse $4.25 million in merger-related fees and expenses.

Blue Owl Capital (OBDC) and Blue Owl Capital III (OBDE) have secured shareholder approval for their proposed merger, with overwhelming support receiving over 97% and nearly 100% of votes in favor, respectively. The merger is expected to close around January 13, 2025, pending customary closing conditions.

CEO Craig W. Packer emphasized that this merger will create a more diversified BDC with enhanced scale and strong credit quality. Prior to the merger completion, OBDE will distribute a special dividend of $0.52 per share on January 9, 2025, and a quarterly dividend of $0.35 per share on January 10, 2025, to shareholders of record as of December 31, 2024. The special dividend covers OBDE's estimated remaining undistributed taxable income at merger closing.

Wingspire Equipment Finance has provided $10 million in equipment financing to a global agricultural manufacturing company to modernize its flagship Canadian facility. The funding, structured as a Capital Lease, will support the replacement of aging equipment with state-of-the-art technologies to enhance manufacturing capabilities and reduce downtime.

The recipient is a private equity-backed company specializing in high-precision components and parts for agricultural soil preparation, serving OEM and aftermarket channels across North America, Europe, and Latin America. The company also maintains a strong portfolio in agriculture, construction, and gardening tools.

Blue Owl Capital III (NYSE: OBDE) has declared a special dividend of $0.52 per share, payable by January 31, 2025, to shareholders of record as of December 31, 2024. The dividend payment timing is linked to the proposed merger with Blue Owl Capital (NYSE: OBDC), expected to close after the shareholder meetings scheduled for January 8, 2025. The special dividend represents OBDE's estimated remaining undistributed taxable income at merger closing and includes any unpaid special dividends previously declared during OBDE's January 2024 listing.

KBRA has assigned a BBB+ rating with a Stable outlook to Blue Owl Capital 's (NYSE: OBDC) $400 million, 5.95% senior unsecured notes due 2029. The rating reflects OBDC's connection to the $128.4 billion Blue Owl Credit platform and its strong position in the private credit market. The company maintains a $13.4 billion investment portfolio across 219 companies, focusing on senior secured first lien loans. Key strengths include solid liquidity with $1.3 billion in available credit lines, $427 million in unrestricted cash, and a diverse funding profile. OBDC plans to merge with Blue Owl Capital III (OBDE) in Q1 2025, potentially becoming the second-largest publicly traded BDC with approximately $17.7 billion in investments.

Wingspire Equipment Finance has provided a $35 million equipment financing deal to a sponsor-backed medical technology company focused on sterile liquid medicines and vaccines. The financing will fund custom Blow-Fill-Seal (BFS) machines to enhance production capacity. The client company recently achieved significant innovations in prefilled injection devices, reducing costs by nearly 50%. The new BFS machines will improve unit production output, consolidate operations, reduce carbon footprint, and lower transportation costs. The capital lease structure was chosen over equity investment as a more cost-effective solution.

Blue Owl Capital (NYSE: OBDC) reported third quarter 2024 financial results with net investment income of $0.47 per share, exceeding the regular dividend of $0.37 by 27%. The company declared total dividends of $0.42 per share, including a $0.05 supplemental dividend, representing an 11.0% annualized yield based on NAV. Net Asset Value per share was $15.28, compared to $15.36 in June 2024.

The company reported $1.2 billion in originations and $1.1 billion in sales/repayments. Portfolio quality improved with non-accrual investments decreasing to 0.7% from 1.4%. Investment income increased to $406.0 million, while total expenses rose to $217.6 million. The company maintains $481.3 million in cash and restricted cash with $1.6 billion undrawn capacity on credit facilities.