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The latest announcement is out from Blue Owl Capital ( (OBDC) ).
On May 21, 2026, Blue Owl Capital Corporation executed an eleventh supplemental indenture with Deutsche Bank Trust Company Americas and closed a $400 million offering of 6.300% unsecured notes maturing on August 15, 2031. The notes pay semiannual interest beginning February 15, 2027, include standard redemption features and change-of-control protections, and were sold under an effective shelf registration.
The company plans to use the proceeds to pay down existing indebtedness, including borrowings under its senior secured revolving credit facility and/or its 3.400% notes due July 15, 2026. This refinancing is expected to extend Blue Owl’s debt maturity profile and potentially optimize its funding costs, reinforcing balance sheet flexibility for stakeholders.
On May 18, 2026, Blue Owl entered into an underwriting agreement with its adviser and a syndicate of major investment banks to manage and distribute the new notes. The successful completion of the offering under this agreement underscores continued market access for the company’s debt securities.
The most recent analyst rating on (OBDC) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Blue Owl Capital stock, see the OBDC Stock Forecast page.
Spark’s Take on OBDC Stock
According to Spark, TipRanks’ AI Analyst, OBDC is a Neutral.
Overall score reflects solid fundamental profitability/cash generation but a moderating recent trend (revenue/margin pressure and leverage sensitivity). The earnings call adds support via stable credit performance, stronger liquidity, reduced leverage, and buybacks, while technicals are neutral-to-mixed and valuation is helped by a very high yield but tempered by a non-meaningful negative P/E.
To see Spark’s full report on OBDC stock, click here.
More about Blue Owl Capital
Blue Owl Capital Corporation is a business development company that issues unsecured notes and uses debt financing to support its investment activities. The firm operates in the credit and alternative asset management space, relying on capital markets offerings and revolving credit facilities to fund and refinance its portfolio and manage its liability profile.
Average Trading Volume: 5,532,266
Technical Sentiment Signal: Sell
Current Market Cap: $5.52B
See more insights into OBDC stock on TipRanks’ Stock Analysis page.