BLUE OWL CAPITAL ANNOUNCES SENIOR NOTES OFFERING
Rhea-AI Summary
Blue Owl Capital (NYSE: OWL) announced that its indirect subsidiary, Blue Owl Finance LLC, intends to offer 10-year senior unsecured notes, subject to market and other conditions. The notes will be fully and unconditionally guaranteed by Blue Owl and a range of affiliated entities.
According to Blue Owl, net proceeds from the planned offering are expected to be used to repay a portion of outstanding borrowings under its revolving credit facility. BofA Securities, Goldman Sachs & Co. and Morgan Stanley & Co. are acting as joint book-running managers, and the notes will be issued off an effective SEC shelf registration.
Positive
- Planned 10-year senior unsecured notes extend debt maturity profile
- Net proceeds expected to repay outstanding borrowings on revolving credit facility
- Notes to be fully and unconditionally guaranteed by multiple Blue Owl entities
- Use of an effective SEC shelf registration may facilitate efficient capital raising
Negative
- Planned issuance of senior unsecured notes will add to Blue Owl’s gross debt
- Interest expense on new notes could increase financing costs versus current revolving borrowings, depending on final pricing
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 05 | Q2 earnings | Neutral | -0.8% | OTF reported quarterly results, debt issuance, and increased net debt-to-equity. |
| Aug 05 | Q2 earnings | Neutral | -0.8% | OBDC reported quarterly results alongside portfolio markdowns and substantial sales and repayments. |
| Aug 04 | Fund closing | Positive | +3.7% | Blue Owl closed its European net lease fund above target and below its hard cap. |
| Jul 30 | Q2 earnings | Positive | +6.4% | Blue Owl reported second-quarter results and highlighted continued growth across platforms and geographies. |
| Jul 29 | Strategic investment | Positive | -2.6% | Blue Owl participated in CAIS's Series D financing alongside other strategic investors. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Historical reactions were mixed, with positive reactions to Q2 results and a fund close but a negative reaction to the CAIS strategic-investor announcement.
Key Terms
senior unsecured notes financial
revolving credit facility financial
shelf registration statement regulatory
prospectus supplement regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers.
The notes are being offered pursuant to an effective shelf registration statement on file with the
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
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, including those relating to the timing, size and other terms of the offering, 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
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SOURCE Blue Owl Capital