Blue Owl Joins Debt Rush With Bond to Pay Down Credit Facilities [Financial Post (Toronto, Ontario, Canada)]
Blue Owl Capital Inc. Class A (OWL)
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Blue Owl Capital Inc. is tapping the US high-grade bond market on Tuesday, adding to the flood of new issuance seen over the last few days. The private markets-focused alternative asset manager is looking to sell a long five-year note, according to a person familiar with the matter. The note may yield in the area of 2.6 percentage points over Treasuries after initial price talk in the 2.8 percentage points area, the person said, asking not to be identified as the details are private. Blue Owl plans to use the sale proceeds to help pay down debt under its revolving credit facility, asset-backed security and other secured financings, the person said. A spokesperson for Blue Owl did not immediately reply to a request for comment. The offering follows a deal from another private credit lender earlier this week, namely Sixth Street Lending Partners
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OWL
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- 8/1/24 - In-Line
OWL
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- 9/13/24 - Form 4
- 9/13/24 - Form 4
- 9/13/24 - Form 4
- OWL's page on the SEC website