BLUE OWL CAPITAL ANNOUNCES PRICING OF SENIOR NOTES OFFERING

Rhea-AI Summary

Blue Owl Capital (NYSE: OWL) announced the pricing of a previously disclosed offering of $750 million of 6.750% Senior Notes due 2036, to be issued by indirect subsidiary Blue Owl Finance LLC. The notes will be fully and unconditionally guaranteed by multiple Blue Owl affiliates.

According to Blue Owl Capital, net proceeds are intended to repay a portion of outstanding borrowings under its revolving credit facility. BofA Securities, Goldman Sachs & Co. and Morgan Stanley & Co. acted as joint book-running managers. The notes are being offered under an effective SEC shelf registration via prospectus and supplement.

Positive

• $750 million senior notes due 2036 priced at 6.750% coupon
• Proceeds earmarked to repay borrowings under the revolving credit facility

Negative

• New $750 million senior notes add long-dated debt at 6.750% interest

News Explained

The $750 million senior-notes financing has been priced but is not yet closed: it remains subject to customary closing conditions, with the notes to be issued by subsidiary Blue Owl Finance LLC rather than as common shares.

Market Context

OWL's prior offering event, news_id 1257171, was followed by a 5.97% 24-hour move. That comparison a...

Analysis

OWL's prior offering event, news_id 1257171, was followed by a 5.97% 24-hour move. That comparison adds market-history context to the notes pricing; the record also shows elevated short positioning, while closing remains subject to customary conditions.

Key Figures

Senior notes offering: $750,000,000 Coupon rate: 6.750% Maturity: 2036

3 metrics

Senior notes offering $750,000,000 Blue Owl Finance LLC offering

Coupon rate 6.750% Senior notes

Maturity 2036 Senior notes due 2036

Historical Context

5 past events · Latest: Aug 11 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 11	Senior notes offering	Neutral	+6.0%	Planned 10-year notes intended to repay revolving credit facility borrowings
Aug 05	BDC earnings report	Neutral	-0.8%	Higher adjusted NII accompanied by increased net debt-to-equity
Aug 05	BDC earnings report	Neutral	-0.8%	Higher adjusted NII offset by lower NAV per share
Aug 04	Fund closing	Positive	+3.7%	European net lease fund closed with €1.6 billion in commitments
Jul 30	2Q26 earnings report	Positive	+6.4%	Second-quarter results highlighted AUM reaching $319 billion

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The prior offering and fund-close announcements were followed by positive moves, while both recent BDC earnings events were followed by declines.

Key Terms

senior notes, revolving credit facility, shelf registration statement

3 terms

senior notes financial

"offering of $750,000,000 of 6.750% Senior Notes due 2036"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

revolving credit facility financial

"repay a portion of outstanding borrowings under its revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

shelf registration statement regulatory

"offered pursuant to an effective shelf registration statement on file"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Aug. 11, 2026 PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) today announced the pricing of the previously announced offering of $750,000,000 of 6.750% Senior Notes due 2036 by Blue Owl Finance LLC, its indirect subsidiary. The notes will be fully and unconditionally guaranteed by each of Blue Owl, Blue Owl Capital GP Holdings LLC, Blue Owl Capital GP LLC, Blue Owl Capital Holdings LP, Blue Owl Capital Carry LP, Blue Owl Capital Group LLC, Blue Owl GPSC Holdings LLC, Blue Owl Capital GP Holdings LP, Blue Owl GP Stakes GP Holdings LLC, Blue Owl Real Estate Holdings LP, Blue Owl Real Estate GP Holdings LLC and Blue Owl Capital Holdings LLC. The offering is subject to customary closing conditions.

Blue Owl intends to use the net proceeds from this offering to repay a portion of outstanding borrowings under its revolving credit facility.

BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acted as joint book-running managers.

The notes were offered pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the "SEC") and only by means of a prospectus and prospectus supplement. An electronic copy of the prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by contacting the joint book-running managers: BofA Securities, Inc., 201 North Tryon Street, NC1-002-02-25, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com, Telephone: (800) 294-1322; Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, Email: prospectus-ny@ny.email.gs.com, Telephone: (866) 471-2526; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $319 billion in assets under management as of June 30, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,380 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional.

Forward-Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of strategic acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl's shares on the New York Stock Exchange; Blue Owl's ability to manage growth; Blue Owl's ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; and the possibility that Blue Owl may be adversely affected by other economic, business, geo-political and competitive factors.

Investor Contact
Ann Dai
Head of Investor Relations
blueowlir@blueowl.com 

Media Contact
media@blueowl.com 

View original content:https://www.prnewswire.com/news-releases/blue-owl-capital-announces-pricing-of-senior-notes-offering-302848948.html

SOURCE Blue Owl Capital

FAQ

What did Blue Owl Capital (OWL) announce about its senior notes on August 11, 2026?

Blue Owl Capital announced pricing of $750 million 6.750% Senior Notes due 2036. According to Blue Owl Capital, the notes will be issued by Blue Owl Finance and fully guaranteed by several Blue Owl affiliates, subject to customary closing conditions under an effective SEC shelf registration.

What are the key terms of Blue Owl Capital's $750 million 6.750% Senior Notes due 2036 (NYSE: OWL)?

The notes total $750 million, carry a 6.750% interest rate, and mature in 2036. According to Blue Owl Capital, they are being issued by Blue Owl Finance and fully and unconditionally guaranteed by multiple Blue Owl entities under an effective SEC shelf registration statement.

How will Blue Owl Capital use the proceeds from its 6.750% Senior Notes offering (OWL)?

Blue Owl Capital plans to use net proceeds to repay part of its revolving credit facility borrowings. According to Blue Owl Capital, this capital allocation focuses on reducing outstanding amounts under the revolver rather than for general corporate purposes or acquisitions.

Which banks are managing Blue Owl Capital's $750 million senior notes offering (NYSE: OWL)?

BofA Securities, Goldman Sachs & Co. and Morgan Stanley & Co. are joint book-running managers. According to Blue Owl Capital, these firms are handling the offering, and investors can request the prospectus supplement and prospectus directly from their respective prospectus departments.

Is Blue Owl Capital's 6.750% Senior Notes due 2036 offering available under an SEC shelf registration?

Yes, the notes are offered under an effective shelf registration statement filed with the SEC. According to Blue Owl Capital, investors can access the prospectus supplement and accompanying prospectus electronically via the SEC website or from the joint book-running managers.

Are Blue Owl Capital's new 6.750% Senior Notes guaranteed by affiliates of OWL?

Yes, the notes will be fully and unconditionally guaranteed by various Blue Owl affiliates. According to Blue Owl Capital, guarantors include entities such as Blue Owl Capital GP Holdings, Blue Owl Capital Holdings and Blue Owl Real Estate Holdings, among others named in the announcement.