Blue Owl tendered less than 1% of shares into offer, Bloomberg says

Blue Owl Capital (OWL) (OBDC) investors tendered less than 1% of shares to Saba Capital Management and Cox Capital Partners, Olivia Fishlow and Ryan Gould of Bloomberg report, citing people familiar with the matter. The tender offer for Blue Owl Capital Corp. II expired at the end of last week with limited take up and wasn’t extended, sources told Bloomberg. Blue Owl told shareholders not to tender their shares at what was expected to be an over 20% discount to the most recent estimated net asset value and dividend reinvestment price, Bloomberg notes.