Welcome to our dedicated page for Blue Owl Capital news (Ticker: OWL), a resource for investors and traders seeking the latest updates and insights on Blue Owl Capital stock.
Blue Owl Capital Inc. reports developments as a global alternative asset manager investing across Credit, Real Assets and GP Strategic Capital. Recurring updates cover operating and financial results, assets under management, fundraising, capital deployment, dividends, share repurchases and other capital-structure actions tied to its permanent capital base.
News also includes activity involving Blue Owl-managed specialty finance companies such as Blue Owl Capital Corporation and Blue Owl Technology Finance Corp., including portfolio performance, dividends, repurchase programs and financing activity within the Credit platform.
Blue Owl Capital (NYSE: OWL) announced the pricing of a $250 million offering of 6.250% Senior Notes due 2034 through its subsidiary Blue Owl Finance The notes are issued at 100.355% plus accrued interest from April 18, 2024, and will be treated as a single series with the previously issued $750 million notes. The notes are guaranteed by various Blue Owl entities and the offering is subject to customary closing conditions. Proceeds are intended for general corporate purposes, including strategic acquisitions and growth initiatives. The notes will be sold to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. A registration rights agreement will be executed, requiring an offer to exchange the notes registered with the SEC within 365 days of issuance.
Linden Capital Partners, a Chicago-based healthcare private equity firm, has announced a passive minority investment from Blue Owl's GP Strategic Capital platform and Lunate Capital, through a joint venture. Although terms were not disclosed, this partnership aims to bolster Linden's growth and strategic initiatives. Linden, founded in 2004, manages $8 billion in assets and has invested in over 45 healthcare companies. Blue Owl's GP Strategic Capital platform manages $55.8 billion and has executed over 85 equity and debt transactions, while Lunate Capital manages $105 billion. This investment will not alter Linden's day-to-day operations or investment strategies.
KBRA has assigned a BBB rating to Blue Owl Credit Income Corp.’s (OCIC) $500 million 6.60% senior unsecured notes due September 15, 2029, with a Stable Outlook. The proceeds will repay revolver borrowings and other secured financing. The rating reflects OCIC's ties to the $91.3 billion Blue Owl Credit platform and its diversified $19.0 billion investment portfolio. The company’s leverage ratio is 0.89x with an asset coverage ratio of 208%. OCIC maintains solid liquidity with $2.06 billion of bank credit and only one debt investment on non-accrual status. Potential risks include illiquid investments and rapid portfolio growth.
Blue Owl Capital (NYSE: OWL) has hired Haitham Abdulkarim to oversee its institutional business in the Middle East. Haitham will focus on scaling operations in Abu Dhabi and Dubai, with the former becoming the company's flagship office in the region. This strategic move aims to enhance Blue Owl's relationships with family offices, pension funds, and sovereign wealth funds in the area. Haitham brings extensive experience from his previous roles at BlackRock, Waha Capital, and Samena Capital. Blue Owl recently obtained a license in the Dubai International Financial Centre and is awaiting final approval for a license in Abu Dhabi Global Market.
Blue Owl Capital III reported a strong performance in the first quarter of 2024 with a net investment income per share of $0.39, exceeding the regular dividend of $0.35 per share. The company achieved a 10.5% annualized dividend yield based on the net asset value per share, which increased to $15.65. The Board declared a second quarter dividend of $0.35 per share and five special dividends of $0.06 per share. The company made significant progress towards its target leverage range and aims to provide sustained returns to its shareholders. Portfolio and investing activity showed new investment commitments of $736.4 million across 43 new portfolio companies and 14 existing portfolio companies. The company had investments in 188 portfolio companies with an aggregate fair value of $4.0 billion. Investment income increased to $113.4 million, while total expenses increased to $64.7 million due to various factors. The company had $140.2 million in cash and $2.2 billion in total principal value of debt outstanding as of March 31, 2024.
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.
Blue Owl Capital Inc. (NYSE:OWL) reported strong financial results for the first quarter of 2024, highlighted by consistent growth in management fees and expanding investment solutions. The company declared a quarterly dividend of $0.18 per Class A Share and announced two accretive transactions to enhance insurance asset management and real estate credit capabilities. Investors showed significant interest in Blue Owl's strategies, reflecting a positive outlook for future growth.
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