Blue Owl Finance expands credit commitment to $3.23B

Lower margin and commitment-fee ranges accompany the facility amendment, which extends its maturity to October 14, 2031.

Rhea-AI Filing Summary

Blue Owl Capital Inc. said its indirect subsidiary, Blue Owl Finance LLC, and the lenders amended the revolving credit agreement. The amendment increases the revolving credit commitment to a total new commitment of $3,225,000,000, with a potential increase to $3,870,000,000 upon satisfaction of conditions in the agreement.

It reduces Applicable Margin ranges to 0.0 to 27.5 basis points for ABR Loans and 77.5 to 127.5 basis points for Term SOFR Loans, and lowers the Commitment Fee Rate range to 7.0 to 16.5 basis points. The facility maturity is extended to October 14, 2031. Obligations are limited to the borrower, parent guarantors and other guarantors; Blue Owl Capital Inc. is not party to the amended agreement.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Revolving credit commitment: $3,225,000,000 Potential revolving credit commitment: $3,870,000,000 Applicable Margin for ABR Loans: 0.0 to 27.5 basis points +3 more

6 metrics

Revolving credit commitment $3,225,000,000 Total new commitment under the amended agreement

Potential revolving credit commitment $3,870,000,000 Potential increase upon satisfaction of conditions in the agreement

Applicable Margin for ABR Loans 0.0 to 27.5 basis points Amended range

Applicable Margin for Term SOFR Loans 77.5 to 127.5 basis points Amended range

Commitment Fee Rate 7.0 to 16.5 basis points Amended range

Facility maturity date October 14, 2031 Maturity date extended under the amendment

Key Terms

Applicable Margin, ABR Loan, Term SOFR Loan, Commitment Fee Rate

4 terms

Applicable Margin financial

"the Applicable Margin be reduced"

Applicable margin is the extra percentage added to a base interest rate to calculate the actual interest a borrower pays on a floating-rate loan or credit line. Investors care because it directly affects a company’s borrowing cost—higher margins raise interest expense and reduce profit and cash flow, while lower margins make financing cheaper; think of it as a variable surcharge on a sale price that reflects the lender’s view of risk.

ABR Loan financial

"in the case of any ABR Loan"

Term SOFR Loan financial

"in the case of any Term SOFR Loan"

Commitment Fee Rate financial

"the Commitment Fee Rate be reduced"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large is OWL's amended revolving credit commitment?

Blue Owl Finance LLC's amended revolving credit commitment is $3,225,000,000, subject to a potential increase to $3,870,000,000 upon satisfaction of conditions set forth in the agreement.

When does OWL's amended credit facility mature, and what are the new margin ranges?

The facility maturity date was extended to October 14, 2031. Applicable Margin ranges are 0.0 to 27.5 basis points for any ABR Loan and 77.5 to 127.5 basis points for any Term SOFR Loan; the Commitment Fee Rate range is 7.0 to 16.5 basis points.

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

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Available on EDGAR 10/15/2026 - 04:19 PM EDT Accepted by SEC EDGAR 10/15/2026 - 04:19 PM EDT Learn about SEC filing dates

false 0001823945 0001823945 2026-10-14 2026-10-14

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 14, 2026

BLUE OWL CAPITAL INC.

(Exact name of registrant as specified in its charter)

Delaware		001-39653		86-3906032
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

399 Park Avenue, New York, NY 10022

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (212) 419-3000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act

Title of each class		Trading symbol		Name of each exchange on which registered
Class A Shares		OWL		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

The information set forth in Item 2.03 is hereby incorporated by reference into this Item 1.01.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On October 14, 2026, Blue Owl Finance LLC (the “Borrower”), an indirect subsidiary of Blue Owl Capital Inc. (the “Company”), Blue Owl Capital Holdings LP (“Blue Owl Holdings”), Blue Owl Capital Carry LP (together with Blue Owl Holdings, each, a “Parent Guarantor” and, collectively, the “Parent Guarantors”), Blue Owl Capital Group LLC, Blue Owl GPSC Holdings LLC, Blue Owl GP Stakes GP Holdings LLC, Blue Owl Real Estate GP Holdings LLC, Blue Owl Capital Holdings LLC, Blue Owl Capital GP Holdings LP and Blue Owl Real Estate Holdings LP (collectively with the Parent Guarantors, the “Guarantors”), the several banks and other financial institutions or entities party thereto and MUFG Bank, Ltd., as administrative agent (the “Administrative Agent”) entered into an amendment (the “Fourth Amendment”) to the Amended and Restated Credit Agreement, dated as of June 15, 2022 (the “Credit Agreement”, as amended by the First Amendment to the Amended and Restated Credit Agreement, dated as of June 29, 2023, the Second Amendment to the Amended and Restated Credit Agreement, dated as of July 23, 2024, the Third Amendment to the Amended and Restated Credit Agreement, dated as of August 8, 2025, the Fourth Amendment and as may be further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Amended Credit Agreement”). The Fourth Amendment provides, among other things, that (i) the revolving credit commitment be increased to a total new commitment of $3,225,000,000.00 (subject to a potential increase to $3,870,000,000.00 upon the satisfaction of certain conditions set forth therein), (ii) the Applicable Margin be reduced from a range of 0.0 to 37.5 basis points in the case of any ABR Loan and 87.5 to 137.5 basis points in the case of any Term SOFR Loan, to a range of 0.0 to 27.5 basis points in the case of any ABR Loan and 77.5 to 127.5 basis points in the case of any Term SOFR Loan, (iii) the Commitment Fee Rate be reduced from a range of 7.0 to 20.0 basis points, to a range of 7.0 to 16.5 basis points and (iv) the maturity date of the facility be extended to October 14, 2031. Capitalized terms used but not defined herein shall have the meanings specified in the Amended Credit Agreement.

The other terms of the facility remain substantially the same as the existing Credit Agreement. Obligations under the Credit Agreement and the Amended Credit Agreement are limited to the Borrower, the Parent Guarantors and the other Guarantors. The Company is not party to the Amended Credit Agreement.

The Fourth Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Fourth Amendment does not purport to be complete and is qualified in its entirety by reference to such exhibit.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.		Description
10.1		Fourth Amendment to the Amended and Restated Credit Agreement, dated as of October 14, 2026, by and among Blue Owl Finance LLC, the guarantors party thereto, the several banks and other financial institutions or entities party thereto and MUFG Bank, Ltd.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				BLUE OWL CAPITAL INC.
Date: October 15, 2026				By:		/s/ Neena A. Reddy
				Name:		Neena A. Reddy
				Title:		General Counsel and Secretary

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 728.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB