Blue Owl Capital Corporation II urges holders to reject offer from Cox, Saba

“Blue Owl Capital (OWL) Corporation II announced that its Board of Directors has unanimously recommended that shareholders reject the unsolicited minority tender offer from Cox Capital Partners and Saba Capital Management, for up to 8,000,000 shares of OBDC II for approximately $30 million. We believe this is an attempt to capture value at the expense of OBDC II shareholders. The offering price represents a discount of approximately 33.2% to net asset value, which is well below what the Board believes to be the potential long-term value of OBDC II shares. The Board strongly recommends that shareholders REJECT Cox and Saba’s unsolicited, minority tender offer and DO NOT tender their shares. To reject the offer, simply do not respond to any offer materials you may have received.”