Welcome to our dedicated page for Blue Owl Capital SEC filings (Ticker: OBDC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Blue Owl Capital Corporation filings document the regulatory record for a publicly traded business development company that provides direct-lending capital to U.S. middle-market companies. Form 8-K disclosures furnish earnings releases and conference-call notices, report share repurchase activity, and record material agreements tied to unsecured notes, indentures and other financing arrangements.
Proxy materials describe annual meeting voting matters, director elections and auditor ratification. The filing record also identifies OBDC's NYSE-listed common stock, Maryland corporate status, externally managed BDC structure, portfolio performance measures, capital structure, governance matters and risk disclosures associated with a credit investment portfolio.
Blue Owl Capital Corporation (OBDC) reported that on November 18, 2025 it and Blue Owl Capital Corporation II mutually agreed to terminate their previously signed Agreement and Plan of Merger. The termination was made under the contract’s termination provision and is effective as of that same date. With this step, the merger will not proceed, although certain sections of the original agreement, including provisions on expenses, termination and general contract terms, remain in effect as specified.
On November 19, 2025, OBDC and OBDC II issued a joint press release describing the decision, which is included as an exhibit to the report for informational purposes only and is treated as furnished rather than filed under securities law.
Blue Owl Capital Corporation (OBDC) discussed its planned merger with Blue Owl Capital Corporation II (OBDC II) on a fixed income conference call. The company noted that it ended the recent quarter at 1.22x leverage and expects this to decrease to 1.17x after completing the merger, indicating a modest reduction in balance sheet leverage for the combined business. Management highlighted that statements about future results, merger benefits and distributions are forward-looking and subject to numerous risks, including closing timing, realizing expected cost savings and income accretion, market conditions, and shareholder approvals. OBDC and OBDC II plan to file a Form N-14 registration statement and a joint proxy statement/prospectus, and shareholders are urged to read these SEC filings when available because they will contain detailed information about the transaction.
Blue Owl Capital Corporation plans to merge Blue Owl Capital Corporation II into OBDC to create a larger business development company with greater scale, more efficient financing and the potential for enhanced returns. After the merger, OBDC II shareholders would receive OBDC shares and gain OBDC’s higher dividend rate, a meaningful boost to return on equity and full liquidity at closing. The companies note that about 98% of the portfolios already overlap, which is expected to reduce costs and improve efficiency. OBDC highlights a $200 million stock repurchase program to support its shares and emphasizes that other Blue Owl BDCs are not affected. Since its 2017 launch, OBDC II has delivered a 9.3% annualized return and has met all quarterly tender requests while pursuing a full liquidity event by 2026.
Blue Owl Capital Corp (OBDC) director Chris Temple reported an open‑market purchase of company stock. On 11/12/2025, he bought 8,000 shares at $12.03 per share. After this transaction, Temple now beneficially owns 59,000 shares, held directly. The filing was signed by Karen Hager on his behalf under a previously filed power of attorney.
Blue Owl Capital Corp. (OBDC) director Melissa Weiler reported buying 10,000 shares of common stock on 11/10/2025 at $11.99 per share (Form 4, code P). After this transaction, she beneficially owned 49,734 shares, reported as direct ownership. The filing states the shares are held by The Weiler Family Living Trust, and it was signed by Karen Hager under a power of attorney.
Blue Owl Capital Corporation (OBDC) used its Nov 6, 2025 earnings call to discuss a proposed acquisition of Blue Owl Capital Corporation II (OBDC II). This communication was filed under Rule 425 and deemed filed under Rule 14a-12.
OBDC plans to file a Form N-14 registration statement that will include a proxy statement/prospectus. Shareholders of both OBDC and OBDC II are urged to read these materials when available on the SEC website and the companies’ sites.
Management included forward-looking statements noting uncertainties around the timing or likelihood of closing, potential synergies and savings, anticipated accretion to net investment income, shareholder vote outcomes, the possibility of competing offers, satisfaction of merger conditions, potential shareholder litigation costs, and broader macro risks such as interest rates, inflation, banking system stability, and geopolitical events. The adviser’s ability to source and manage investments was also cited as a factor.
Blue Owl Capital Corporation (NYSE: OBDC) reported Q3 2025 results and announced a definitive agreement to merge with Blue Owl Capital Corporation II, with OBDC as the surviving company, subject to shareholder approvals and customary conditions.
For the quarter ended September 30, 2025, total investment income was $453.1 million versus $485.8 million in the prior quarter. GAAP net investment income was $190.1 million, or $0.37 per share, compared with $0.42 per share in Q2. Net asset value per share was $14.89 versus $15.03 last quarter. Non‑accruals were 1.3% of the portfolio at fair value.
The Board declared a Q4 2025 regular dividend of $0.37 per share for holders of record on December 31, 2025, payable on or before January 15, 2026. The Board also approved a new share repurchase program of up to $200 million over approximately 18 months. As of quarter‑end, investments at fair value were $17.1 billion, net assets were $7.61 billion, net debt‑to‑equity was 1.22x, and liquidity included $321.3 million in cash plus $2.9 billion of undrawn capacity.
Blue Owl Capital Corporation filed a current report to share that it has released its financial results for the third quarter ended September 30, 2025. The company did this through a press release dated November 5, 2025, which is attached to the filing as Exhibit 99.1. This press release contains the detailed numbers and discussion of the company’s operating performance for the period.
Blue Owl Capital Corporation (OBDC) announced a definitive merger agreement with Blue Owl Capital Corporation II (OBDC II), with OBDC as the surviving company, subject to shareholder approvals and other customary closing conditions. The merger is expected to close in the first quarter of 2026.
The exchange ratio will be based on OBDC II’s NAV per share divided by the lower of OBDC’s NAV per share or OBDC’s market price per share. Illustrative examples as of September 30, 2025 show 0.5648 using OBDC NAV ($8.41 ÷ $14.89) and 0.5134 using OBDC price ($8.41 ÷ $16.38). Post‑close ownership is illustrated at 88.8%–89.7% for current OBDC shareholders and 11.2%–10.3% for current OBDC II shareholders, depending on whether OBDC trades at or below, or above, NAV.
OBDC’s board also authorized a stock repurchase program of up to $200.0 million of common stock on November 4, 2025, set to terminate on May 4, 2027 unless extended. OBDC plans to file a Form N‑14 registration statement, and OBDC II will file a proxy statement/prospectus for shareholder consideration.
Blue Owl Capital Corporation (OBDC) announced a proposed stock-for-stock merger to acquire Blue Owl Capital Corporation II (OBDC II). Both boards unanimously approved the deal. The exchange ratio will be set at closing based on OBDC II’s NAV per share and either OBDC’s NAV per share or its market price, depending on whether OBDC trades at or below, or above, NAV per share. Illustrations show 0.5648 shares if priced at NAV-for-NAV and 0.5134 shares if priced above NAV, with potential NAV per share accretion in the latter case.
On a pro forma basis, the combined company would have $19.4 billion in total assets and $18.9 billion in investments at fair value across 239 portfolio companies, with 80% senior secured investments and net leverage of 1.17x. The company expects investment-grade ratings from Moody’s, S&P, Fitch and Kroll. The adviser will reimburse 50% of merger fees and expenses, capped at $3 million, if the merger closes.
OBDC’s board approved a $200 million discretionary share repurchase program. Regular dividends are expected to continue through closing; thereafter, subject to board approval, OBDC intends to pay a regular dividend and any supplemental dividends calculated as 50% of NII in excess of the regular dividend. The proxy/registration is expected to be filed in Q4 2025, with closing targeted for Q1 2026, subject to OBDC II shareholder approval and customary conditions.