Blue Owl Capital Corporation and Blue Owl Capital Corporation III Announce Merger Agreement
Blue Owl Capital Corporation (OBDC)
Company Research
Source: PR Newswire
Merger of two high-quality, diversified portfolios with substantial investment overlap significantly enhances scaleWill create second largest publicly traded BDC by total assets, with $18.4 billion of total assets on a pro forma basis at fair valueNEW YORK, Aug. 7, 2024 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) and Blue Owl Capital Corporation III (NYSE: OBDE) today announced that they have entered into a definitive merger agreement, with OBDC as the surviving company, subject to certain shareholder approvals and other customary closing conditions. Following the recommendation of each of their special committees, the boards of directors of both OBDC and OBDE have unanimously approved the transaction.Craig W. Packer, Chief Executive Officer of OBDC and OBDE said, "We believe now is the right time to deliver long-term value for both OBDC and OBDE shareholders and streamline our direct lending platform. The merger is set to enhance scale while preserving our strong credit
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News
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