Blue Owl Capital Corporation Reports Third Quarter Net Investment Income Per Share of $0.47 and Net Asset Value Per Share of $15.28
Blue Owl Capital (NYSE: OBDC) reported third quarter 2024 financial results with net investment income of $0.47 per share, exceeding the regular dividend of $0.37 by 27%. The company declared total dividends of $0.42 per share, including a $0.05 supplemental dividend, representing an 11.0% annualized yield based on NAV. Net Asset Value per share was $15.28, compared to $15.36 in June 2024.
The company reported $1.2 billion in originations and $1.1 billion in sales/repayments. Portfolio quality improved with non-accrual investments decreasing to 0.7% from 1.4%. Investment income increased to $406.0 million, while total expenses rose to $217.6 million. The company maintains $481.3 million in cash and restricted cash with $1.6 billion undrawn capacity on credit facilities.
Blue Owl Capital (NYSE: OBDC) ha riportato i risultati finanziari del terzo trimestre 2024 con un reddito da investimenti netto di $0.47 per azione, superando il dividendo regolare di $0.37 del 27%. La società ha dichiarato dividendi totali di $0.42 per azione, includendo un dividendo supplementare di $0.05, che rappresenta un rendimento annualizzato dell'11.0% basato sul NAV. Il Valore Netto degli Attivi per azione era di $15.28, rispetto a $15.36 di giugno 2024.
La società ha registrato $1.2 miliardi in originazioni e $1.1 miliardi in vendite/rimborsi. La qualità del portafoglio è migliorata con investimenti non in accrual diminuiti allo 0.7% rispetto all'1.4%. Il reddito da investimenti è aumentato a $406.0 milioni, mentre le spese totali sono aumentate a $217.6 milioni. L'azienda mantiene $481.3 milioni in liquidità e liquidità vincolata con una capacità non utilizzata di $1.6 miliardi su linee di credito.
Blue Owl Capital (NYSE: OBDC) informó sobre los resultados financieros del tercer trimestre de 2024, con un ingreso neto por inversiones de $0.47 por acción, superando el dividendo regular de $0.37 en un 27%. La compañía declaró dividendos totales de $0.42 por acción, incluyendo un dividendo suplementario de $0.05, lo que representa un rendimiento anualizado del 11.0% basado en el NAV. El Valor Neto de los Activos por acción fue de $15.28, en comparación con $15.36 en junio de 2024.
La compañía reportó $1.2 mil millones en originaciones y $1.1 mil millones en ventas/reembolsos. La calidad de la cartera mejoró con inversiones no devengadas disminuyendo al 0.7% desde el 1.4%. Los ingresos por inversiones aumentaron a $406.0 millones, mientras que los gastos totales crecieron a $217.6 millones. La empresa mantiene $481.3 millones en efectivo y efectivo restringido con una capacidad no utilizada de $1.6 mil millones en líneas de crédito.
블루 올 우 캐피탈 (NYSE: OBDC)은 2024년 3분기 재무 결과를 보고하며 주당 순투자 소득이 $0.47로 정기 배당금인 $0.37를 27% 초과했다고 발표했습니다. 회사는주당 총 배당금으로 $0.42를 선언하였으며, 여기에는 $0.05의 추가 배당금이 포함되어 있어 NAV 기준으로 연간 11.0%의 수익률을 나타냅니다. 주당 순자산 가치는 $15.28로, 2024년 6월의 $15.36와 비교됩니다.
회사는 $1.2억의 신규 대출 발생과 $1.1억의 판매/상환을 보고했습니다. 포트폴리오 품질은 비이연 투자 비율이 1.4%에서 0.7%로 감소하며 개선되었습니다. 투자 소득은 $406.0백만으로 증가했으며, 총 비용은 $217.6백만으로 증가했습니다. 회사는 $481.3백만의 현금과 제한된 현금을 보유하고 있으며, $1.6억의 신용 시설에 대한 미사용 한도를 가지고 있습니다.
Blue Owl Capital (NYSE: OBDC) a annoncé ses résultats financiers pour le troisième trimestre 2024, avec un revenu net d'investissement de 0,47 $ par action, dépassant de 27 % le dividende ordinaire de 0,37 $. La société a déclaré des dividendes totaux de 0,42 $ par action, y compris un dividende complémentaire de 0,05 $, représentant un rendement annualisé de 11,0 % basé sur le NAV. La valeur nette des actifs par action était de 15,28 $, contre 15,36 $ en juin 2024.
La société a déclaré 1,2 milliard de dollars d'origines et 1,1 milliard de dollars de ventes/remboursements. La qualité du portefeuille s'est améliorée, les investissements non accumulés ayant diminué à 0,7 % contre 1,4 %. Le revenu d'investissement a augmenté à 406,0 millions de dollars, tandis que les dépenses totales ont augmenté à 217,6 millions de dollars. L'entreprise dispose de 481,3 millions de dollars en liquidités et liquidités restreintes, avec une capacité non utilisée de 1,6 milliard de dollars sur les lignes de crédit.
Blue Owl Capital (NYSE: OBDC) hat die Finanzzahlen für das dritte Quartal 2024 veröffentlicht, mit einem Nettoanlageertrag von $0.47 pro Aktie, der die reguläre Dividende von $0.37 um 27% übersteigt. Das Unternehmen hat insgesamt $0.42 Dividenden pro Aktie erklärt, einschließlich einer zusätzlichen Dividende von $0.05, die eine annualisierte Rendite von 11.0% basierend auf dem NAV darstellt. Der Nettovermögenswert pro Aktie betrug $15.28, im Vergleich zu $15.36 im Juni 2024.
Das Unternehmen berichtete von $1.2 Milliarden an Neuverpflichtungen und $1.1 Milliarden an Verkäufen/Rückzahlungen. Die Qualität des Portfolios verbesserte sich, da die nicht-zinsbringenden Investitionen von 1.4% auf 0.7% sanken. Die Anlagerenditen stiegen auf $406.0 Millionen, während die Gesamtausgaben auf $217.6 Millionen erhöht wurden. Das Unternehmen hält $481.3 Millionen in liquiden Mitteln und eingeschränkten Mitteln mit einer nicht ausgeschöpften Kapazität von $1.6 Milliarden bei Kreditfazilitäten.
- Net investment income of $0.47 per share exceeded regular dividend by 27%
- Non-accrual investments decreased to 0.7% from 1.4%
- Investment income increased to $406.0 million from $399.0 million year-over-year
- Portfolio consists of 75.9% first lien senior secured debt investments
- 96.3% of debt investments are at floating rates
- NAV per share declined to $15.28 from $15.36 quarter-over-quarter
- Total expenses increased to $217.6 million from $206.2 million year-over-year
- Net debt-to-equity ratio increased to 1.23x from 1.20x quarter-over-quarter
- Weighted average interest rate on debt increased to 5.8% from 5.6% quarter-over-quarter
Insights
A strong quarterly performance from OBDC with several positive indicators. Net Investment Income of
The pending merger with OBDE could create additional scale benefits and operational synergies. The portfolio remains defensively positioned with
The slight NAV decline to
THIRD QUARTER 2024 HIGHLIGHTS
- Third quarter net investment income ("NII") per share of
, exceeding the regular dividend of$0.47 per share by$0.37 27% and generating an ROE of12.4% - Based on OBDC's supplemental dividend framework, the Board of Directors (the "Board") declared a third quarter supplemental dividend of
per share$0.05 - Total dividends for the third quarter were
per share, representing an$0.42 11.0% annualized dividend yield based on third quarter net asset value ("NAV") per share - NAV per share of
, as compared with$15.28 as of June 30, 2024$15.36 - Originations for the third quarter were
, offset by$1.2 billion of sales and repayments, as compared with$1.1 billion of originations and$3.3 billion of sales and repayments for the three months ended June 30, 2024$1.1 billion - Investments on non-accrual decreased to
0.7% of the total fair value of the debt portfolio, as compared with1.4% as of June 30, 2024
"OBDC produced another quarter of strong earnings and generated a
Merger Update
On August 7, 2024, OBDC entered into an agreement to merge with Blue Owl Capital Corporation III (NYSE: OBDE), an affiliated business development company managed by Blue Owl Diversified Credit Advisors, LLC, with the Company as the surviving entity.
On August 16, 2024, the Company filed a preliminary registration statement on Form N-14, which included a joint proxy statement of the Company and OBDE and the Company's prospectus. On October 11, 2024, the Company filed an amended registration statement on Form N-14. The registration statement was declared effective by the SEC on October 21, 2024, and the special meetings for each of the Company's and OBDE's shareholders are scheduled for January 8, 2025. The merger is expected to close shortly after the special meetings, subject to shareholder approvals and other customary closing conditions.
Dividend Declarations
The Company's Board declared a fourth quarter 2024 regular dividend of
The Board also declared a third quarter 2024 supplemental dividend of
PORTFOLIO AND INVESTING ACTIVITY
For the three months ended September 30, 2024, new investment commitments totaled
For the three months ended September 30, 2024, the principal amount of new investments funded was
For the three months ended June 30, 2024, the principal amount of new investments funded was
As of September 30, 2024 and June 30, 2024, the Company had investments in 219 and 212 portfolio companies with an aggregate fair value of
As of September 30, 2024, based on fair value, the portfolio consisted of
As of June 30, 2024, based on fair value, the portfolio consisted of
As of September 30, 2024 and June 30, 2024, approximately
As of September 30, 2024 and June 30, 2024, the weighted average total yield of accruing debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was
As of September 30, 2024, loans on non-accrual represented
RESULTS OF OPERATIONS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2024
Investment Income
Investment income increased to
Expenses
Total expenses increased to
Liquidity and Capital Resources
As of September 30, 2024, the Company had
CONFERENCE CALL AND WEBCAST INFORMATION
Conference Call Information:
The conference call will be broadcast live on November 7, 2024 at 10:00 a.m. Eastern Time on the Events section of OBDC's website at www.BlueOwlCapitalCorporation.com. Please visit the website to test your connection before the webcast.
Participants are also invited to access the conference call by dialing one of the following numbers:
- Domestic: (877) 737-7048
- International: +1 (201) 689-8523
All callers will need to reference "Blue Owl Capital Corporation" once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected.
Replay Information:
An archived replay will be available for 14 days via a webcast link located on the Events section of OBDC's website, and via the dial-in numbers listed below:
- Domestic: (877) 660-6853
- International: +1 (201) 612-7415
- Conference ID: 13748669
ABOUT BLUE OWL CAPITAL CORPORATION
Blue Owl Capital Corporation (NYSE: OBDC) is a specialty finance company focused on lending to
Certain information contained herein may constitute "forward-looking statements" that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about OBDC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond OBDC's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in OBDC's filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which OBDC makes them. OBDC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
INVESTOR CONTACTS
Investor Contact:
BDC Investor Relations
Michael Mosticchio
credit-ir@blueowl.com
Media Contact:
Prosek Partners
Josh
pro-blueowl@prosek.com
FINANCIAL HIGHLIGHTS | ||||
For the Three Months Ended | ||||
($ in thousands, except per share amounts) | September 30, | June 30, | September 30, | |
Investments at Fair Value | $ 13,447,536 | $ 13,341,982 | $ 12,896,158 | |
Total Assets | $ 14,090,780 | $ 13,866,620 | $ 13,461,820 | |
Net Asset Value Per Share | $ 15.28 | $ 15.36 | $ 15.40 | |
Investment Income | $ 406,029 | $ 396,760 | $ 399,022 | |
Net Investment Income | $ 184,912 | $ 189,134 | $ 190,053 | |
Net Income | $ 135,358 | $ 122,220 | $ 206,938 | |
Net Investment Income Per Share | $ 0.47 | $ 0.48 | $ 0.49 | |
Net Realized and Unrealized Gains (and Losses) | $ (0.13) | $ (0.17) | $ 0.04 | |
Net Income Per Share | $ 0.35 | $ 0.31 | $ 0.53 | |
Distributions Declared from Net Investment | $ 0.37 | $ 0.37 | $ 0.33 | |
Supplemental Distributions Declared from Net | $ 0.05 | $ 0.06 | $ 0.08 | |
Weighted Average Yield of Accruing Debt and | 11.5 % | 11.9 % | 12.3 % | |
Weighted Average Yield of Accruing Debt and | 11.6 % | 12.0 % | 12.4 % | |
Percentage of Debt Investment Commitments at | 96.3 % | 96.5 % | 97.7 % |
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES | ||||
(Amounts in thousands, except share and per share amounts) | ||||
September 30, 2024 | December 31, 2023 | |||
Assets | ||||
Investments at fair value | ||||
Non-controlled, non-affiliated investments (amortized cost of | $ 11,710,694 | $ 11,264,956 | ||
Non-controlled, affiliated investments (amortized cost of | 98,967 | 19,988 | ||
Controlled, affiliated investments (amortized cost of | 1,637,875 | 1,428,404 | ||
Total investments at fair value (amortized cost of | 13,447,536 | 12,713,348 | ||
Cash (restricted cash of | 479,477 | 658,702 | ||
Foreign cash (cost of | 1,838 | 956 | ||
Interest receivable | 121,082 | 112,260 | ||
Receivable from a controlled affiliate | 24,244 | 22,978 | ||
Prepaid expenses and other assets | 16,603 | 3,152 | ||
Total Assets | $ 14,090,780 | $ 13,511,396 | ||
Liabilities | ||||
Debt (net of unamortized debt issuance costs of | $ 7,741,075 | $ 7,077,088 | ||
Distribution payable | 144,380 | 136,407 | ||
Management fee payable | 49,264 | 47,711 | ||
Incentive fee payable | 39,224 | 42,217 | ||
Payables to affiliates | 10,719 | 3,835 | ||
Accrued expenses and other liabilities | 144,269 | 182,745 | ||
Total Liabilities | 8,128,931 | 7,490,003 | ||
Commitments and contingencies (Note 7) | ||||
Net Assets | ||||
Common shares | 3,902 | 3,897 | ||
Additional paid-in-capital | 5,931,419 | 5,924,002 | ||
Accumulated undistributed (overdistributed) earnings | 26,528 | 93,494 | ||
Total Net Assets | 5,961,849 | 6,021,393 | ||
Total Liabilities and Net Assets | $ 14,090,780 | $ 13,511,396 | ||
Net Asset Value Per Share | $ 15.28 | $ 15.45 |
CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||
(Amounts in thousands, except share amounts) | |||||||
(Unaudited) | |||||||
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
Investment Income | |||||||
Investment income from non-controlled, non-affiliated investments: | |||||||
Interest income | $ 299,598 | $ 307,701 | $ 881,408 | $ 894,371 | |||
Payment-in-kind ("PIK") interest income | 45,561 | 40,925 | 131,068 | 128,783 | |||
Dividend income | 17,115 | 17,324 | 54,764 | 52,764 | |||
Other income | 5,326 | 2,332 | 16,627 | 12,539 | |||
Total investment income from non-controlled, non-affiliated investments | 367,600 | 368,282 | 1,083,867 | 1,088,457 | |||
Investment income from non-controlled, affiliated investments: | |||||||
Interest income | 471 | — | 579 | — | |||
Payment-in-kind ("PIK") interest income | 180 | — | 312 | — | |||
Dividend income | 12 | 36 | 74 | 213 | |||
Other income | 11 | — | 11 | — | |||
Total investment income from non-controlled, affiliated investments: | 674 | 36 | 976 | 213 | |||
Investment income from controlled, affiliated investments: | |||||||
Interest income | 7,589 | 5,717 | 22,760 | 13,944 | |||
Payment-in-kind ("PIK") interest income | 359 | 773 | 1,062 | 773 | |||
Dividend income | 29,627 | 24,032 | 93,151 | 66,720 | |||
Other Income | 180 | 182 | 550 | 760 | |||
Total investment income from controlled, affiliated investments | 37,755 | 30,704 | 117,523 | 82,197 | |||
Total Investment Income | 406,029 | 399,022 | 1,202,366 | 1,170,867 | |||
Expenses | |||||||
Interest expense | 121,273 | 110,445 | 349,527 | 324,416 | |||
Management fees | 49,264 | 47,796 | 144,512 | 143,911 | |||
Performance based incentive fees | 39,224 | 40,314 | 118,111 | 117,640 | |||
Professional fees | 3,476 | 3,890 | 11,185 | 11,697 | |||
Directors' fees | 320 | 445 | 960 | 960 | |||
Other general and administrative | 4,001 | 3,349 | 10,051 | 9,158 | |||
Total Operating Expenses | 217,558 | 206,239 | 634,346 | 607,782 | |||
Net Investment Income (Loss) Before Taxes | 188,471 | 192,783 | 568,020 | 563,085 | |||
Income tax expense (benefit) | 3,559 | 2,730 | 11,209 | 8,495 | |||
Net Investment Income (Loss) After Taxes | $ 184,912 | $ 190,053 | $ 556,811 | $ 554,590 | |||
Net Realized and Change in Unrealized Gain (Loss) | |||||||
Net change in unrealized gain (loss): | |||||||
Non-controlled, non-affiliated investments | $ 33,552 | $ 22,371 | $ (32,267) | $ 91,855 | |||
Non-controlled, affiliated investments | (143) | 507 | 251 | 502 | |||
Controlled, affiliated investments | (24,132) | (2,076) | (22,187) | 14,113 | |||
Translation of assets and liabilities in foreign currencies | (2,321) | (2,292) | 7,917 | 278 | |||
Income tax (provision) benefit | (1,178) | (1,521) | (1,188) | (4,217) | |||
Total Net Change in Unrealized Gain (Loss) | 5,778 | 16,989 | (47,474) | 102,531 | |||
Net realized gain (loss): | |||||||
Non-controlled, non-affiliated investments | $ (55,368) | $ 235 | $ (60,408) | $ 353 | |||
Non-controlled, affiliated investments | — | — | — | (52,482) | |||
Foreign currency transactions | 36 | (339) | (8,834) | (647) | |||
Total Net Realized Gain (Loss) | (55,332) | (104) | (69,242) | (52,776) | |||
Total Net Realized and Change in Unrealized Gain (Loss) | (49,554) | 16,885 | (116,716) | 49,755 | |||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ 135,358 | $ 206,938 | $ 440,095 | $ 604,345 | |||
Earnings Per Share - Basic and Diluted | $ 0.35 | $ 0.53 | $ 1.13 | $ 1.55 | |||
Weighted Average Shares Outstanding - Basic and Diluted | 390,217,304 | 389,703,612 | 390,018,665 | 390,223,606 |
PORTFOLIO AND INVESTMENT ACTIVITY | ||||
For the Three Months Ended | ||||
($ in thousands) | 2024 | 2023 | ||
New investment commitments | ||||
Gross originations | $ 1,151,667 | $ 510,987 | ||
Less: Sell downs | — | (10,803) | ||
Total new investment commitments | $ 1,151,667 | $ 500,184 | ||
Principal amount of investments funded: | ||||
First-lien senior secured debt investments | $ 1,044,951 | $ 363,504 | ||
Second-lien senior secured debt investments | — | — | ||
Unsecured debt investments | — | — | ||
Preferred equity investments | 1,097 | — | ||
Common equity investments | 13,318 | 22,266 | ||
Joint ventures | 21,437 | 875 | ||
Total principal amount of investments funded | $ 1,080,803 | $ 386,645 | ||
Principal amount of investments sold or repaid: | ||||
First-lien senior secured debt investments | $ (1,027,432) | $ (342,060) | ||
Second-lien senior secured debt investments | (65,812) | (42,663) | ||
Unsecured debt investments | — | — | ||
Preferred equity investments | (21,360) | (4,963) | ||
Common equity investments | (15) | — | ||
Joint ventures | — | — | ||
Total principal amount of investments sold or repaid | $ (1,114,619) | $ (389,686) | ||
Number of new investment commitments in new portfolio companies(1) | 23 | 7 | ||
Average new investment commitment amount | $ 42,251 | $ 61,240 | ||
Weighted average term for new debt investment commitments (in | 4.4 | 4.3 | ||
Percentage of new debt investment commitments at floating rates | 98.8 % | 92.2 % | ||
Percentage of new debt investment commitments at fixed rates | 1.2 % | 7.8 % | ||
Weighted average interest rate of new debt investment commitments(2) | 9.7 % | 11.7 % | ||
Weighted average spread over applicable base rate of new floating rate | 5.1 % | 6.3 % |
____________________ | |
(1) | Number of new investment commitments represents commitments to a particular portfolio company. |
(2) | For the three months ended September 30, 2024, assumes each floating rate commitment is subject to the greater of the interest rate floor (if applicable) or 3-month SOFR, which was |
Forward-Looking Statements
Some of the statements in this press release constitute forward-looking statements because they relate to future events, future performance or financial condition of OBDC or OBDE or the two-step merger (collectively, the "Mergers") of OBDE with and into OBDC. The forward-looking statements may include statements as to: future operating results of OBDC and OBDE and distribution projections; business prospects of OBDC and OBDE and the prospects of their portfolio companies; and the impact of the investments that OBDC and OBDE expect to make. In addition, words such as "anticipate," "believe," "expect," "seek," "plan," "should," "estimate," "project" and "intend" indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this press release involve risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with (i) the timing or likelihood of the Mergers closing; (ii) the expected synergies and savings associated with the Mergers; (iii) the ability to realize the anticipated benefits of the Mergers, including the expected accretion to net investment income and the elimination or reduction of certain expenses and costs due to the Mergers; (iv) the percentage of OBDC and OBDE shareholders voting in favor of the proposals submitted for their approval; (v) the possibility that competing offers or acquisition proposals will be made; (vi) the possibility that any or all of the various conditions to the consummation of the Mergers may not be satisfied or waived; (vii) risks related to diverting management's attention from ongoing business operations; (viii) the risk that shareholder litigation in connection with the Mergers may result in significant costs of defense and liability; (ix) changes in the economy, financial markets and political environment; (x) the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing war between
Additional Information and Where to Find It
In connection with the Merger, OBDC and OBDE have filed with the SEC and intend to mail to their respective shareholders a joint proxy statement/prospectus (the "Joint Proxy Statement") and OBDC has filed with the SEC a registration statement on Form N-14 (the "Registration Statement") that includes the Joint Proxy Statement and a prospectus of OBDC. The Joint Proxy Statement and the Registration Statement contains important information about OBDC, OBDE, the Merger and related matters. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. SHAREHOLDERS OF OBDC AND OBDE ARE URGED TO READ THE JOINT PROXY STATEMENT AND THE REGISTRATION STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT OBDC, OBDE, THE MERGER AND RELATED MATTERS. Investors and security holders will be able to obtain the documentation filed with the SEC free of charge at the SEC's website, http://www.sec.gov and for documents filed by OBDC, from OBDC's website at https://www.blueowlcapitalcorporation.com and for documents filed by OBDE, from OBDE's website at https://www.blueowlcapitalcorporationiii.com.
Participation in the Solicitation
OBDC, its directors, certain of its executive officers and certain employees and officers of the Adviser and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Merger. Information about directors and executive officers of OBDC is set forth in the Joint Proxy Statement. OBDE, its directors, certain of its executive officers and certain employees and officers of Blue Owl Diversified Credit Advisors LLC and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Merger. Information about directors and executive officers of OBDE is set forth in the Joint Proxy Statement. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the OBDC and OBDE shareholders in connection with the Merger is contained in the Joint Proxy Statement. These documents may be obtained free of charge from the sources indicated above.
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SOURCE Blue Owl Capital Corporation
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