Welcome to our dedicated page for Blue Owl Capital news (Ticker: OBDC), a resource for investors and traders seeking the latest updates and insights on Blue Owl Capital stock.
Blue Owl Capital Corporation (NYSE: OBDC) is a leading business development company (BDC) specializing in direct lending solutions for U.S. middle-market businesses. This page provides investors and financial professionals with a centralized source for all official press releases, earnings reports, and strategic updates from the company.
Stay informed about OBDC's latest developments, including senior secured loan issuances, portfolio performance updates, and regulatory filings. Our curated news collection ensures timely access to critical information on capital deployment strategies, risk management practices, and dividend announcements.
Key content categories include quarterly earnings disclosures, partnership formations with middle-market firms, credit facility expansions, and management commentary on market trends. All materials are sourced directly from company filings and authorized communications to maintain compliance with financial reporting standards.
Bookmark this page for streamlined tracking of Blue Owl Capital's activities in middle-market finance. Regular updates provide insights into the company's disciplined approach to generating risk-adjusted returns through structured credit solutions while prioritizing capital preservation.
Blue Owl Capital (NYSE: OBDC) and Blue Owl Capital III (NYSE: OBDE) have announced a merger agreement, with OBDC as the surviving company. The merger will create the second largest publicly traded BDC by total assets, with $18.4 billion in total assets at fair value. Key highlights include:
1. Acquisition of a known, high-quality portfolio with 90% investment overlap
2. Increased scale and diversification, with pro forma investment portfolio of $17.7 billion across 256 companies
3. Improved secondary market liquidity and potential for greater institutional ownership
4. Well-balanced capital structure and increased access to long-term, low-cost debt capital
5. Expected to be accretive to Net Investment Income (NII) and potential for NAV per share accretion
The transaction is subject to shareholder approvals and is expected to close in Q1 2025.
Wingspire Equipment Finance has announced a $12 million equipment financing initiative for a leading Tier 1 aerospace manufacturer. This funding will support the acquisition of new CNC machines and lathes, enhancing the company's manufacturing capabilities in sheet metal fabrication, precision machining, and complex assemblies.
The financing strategy, developed in collaboration with the manufacturer and its private equity sponsor, involves financing new equipment and leveraging existing assets. This approach not only expands manufacturing capacity but also improves liquidity by providing a cash influx for higher-yielding opportunities.
Spencer Jakemer, Vice President at Wingspire Equipment Finance, highlighted the company's ability to provide tailored financial solutions for sponsor-backed, middle market companies in the aerospace industry.
Blue Owl Capital (NYSE: OBDC) will release its Q2 2024 financial results on August 7, 2024, post-market close.
OBDC has scheduled a webcast / conference call on August 8, 2024, at 10:00 a.m. ET to discuss the results.
Interested participants can access the call through OBDC's website or by dialing provided numbers.
For those unable to attend, a replay will be available on OBDC's website for one year and via dial-in for 14 days.
All participants are advised to connect 10-15 minutes before the call starts.
Wingspire Equipment Finance has extended $13 million in financing to a growing chain of over 50 fitness clubs, making it one of the top 20 largest health club operators in the U.S. The financing, structured as an operating lease, will support the acquisition of essential equipment for nine new locations. This move aims to expand the fitness company's nationwide presence and boost top-line revenue by increasing its membership base. Previously facing challenges in securing financing, the company now gains critical support from Wingspire to continue its growth trajectory.
Wingspire Equipment Finance has completed a $12 million equipment financing arrangement for a leading pharmaceutical services company. The CDMO, supported by private equity, specializes in drug development, manufacturing, and commercial packaging. This financial package includes a capital lease and sale-leaseback, aimed at acquiring new manufacturing and packaging technology. The financing helps optimize cash flow and enhance liquidity, supporting the company's growth. Jason Alves, Senior VP at Wingspire, emphasized the importance of this partnership in meeting the client’s financial goals and ensuring their operational success.
Blue Owl Capital reported a strong first quarter with net investment income per share of $0.47, exceeding dividends by 25%. The NAV per share increased to $15.47, the highest since inception. The company declared a first quarter supplemental dividend of $0.05 per share. The Board approved a 2024 Repurchase Program of up to $150 million. Investment income increased to $399.6 million, expenses rose to $211.6 million, and liquidity stood at $742.8 million in cash.
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