Welcome to our dedicated page for Blue Owl Capital news (Ticker: OWL), a resource for investors and traders seeking the latest updates and insights on Blue Owl Capital stock.
Blue Owl Capital Inc (NYSE: OWL) is a leading global alternative asset manager specializing in private capital deployment across credit, GP strategic capital, and real estate strategies. This news hub provides investors and financial professionals with timely updates on the company's activities and market positioning.
Access comprehensive coverage of Blue Owl's latest developments, including earnings reports, strategic partnerships, and investment initiatives. Our curated collection ensures you stay informed about critical updates affecting one of the alternative asset management sector's most active firms.
Key content areas include financial performance disclosures, acquisition announcements, leadership updates, and industry insights. Each release is organized to facilitate quick scanning while maintaining depth for thorough analysis.
Bookmark this page for direct access to Blue Owl's official communications and expert analysis of their evolving strategies in private markets. Regularly updated to reflect new developments, this resource supports informed decision-making for stakeholders at all levels.
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KBRA assigns a rating of BBB to Blue Owl Capital Corporation's (NYSE: OBDC ) $600 million 5.95% senior unsecured notes due March 15, 2029. The Outlook for the rating is Positive. The proceeds will be used to repay borrowings under the company's secured revolving facility and/or SPV asset facility II. The rating and the Positive Outlook are supported by the company’s ties to the solid $79.5 billion Blue Owl direct lending platform, the derived benefits from OBDC’s SEC exemptive relief to co-invest with other funds managed by the advisor and its affiliates, and its diversified $12.9 billion investment portfolio comprised mostly of senior secured loans (82.7%) to mostly upper middle market companies in mainly non-cyclical industries, as of September 30, 2023. The rating also reflects the company’s solid management team, which has a long track record of working within the private debt markets with each member of the Investment Committee having an average of over 30 years of experience in the industry. Additionally, the company maintains a prudent leverage target of 0.9x to 1.25x, which KBRA considers appropriate, allowing OBDC to absorb increased market volatility as well as a potential increase in non-accruals as we remain in an uncertain economic environment with increasing risk of a recession with high base rates for longer. Non-accruals remain relatively low at 0.80% and 0.95% of total investments at fair value and cost, respectively, as of September 30, 2023. KBRA believes that OBDC benefits from the company’s solid underwriting and focus on portfolio companies in the upper middle market with EBITDAs in excess of $100 million. OBDC’s profitability has benefited from the rising interest rate environment with an asset sensitive balance sheet with the majority of its investments variable rate loans. OBDC maintains solid access to the capital markets with a diversified funding mix of secured bank facilities, CLOs, and senior unsecured debt. Approximately 58% of the company’s total outstanding debt was comprised of senior unsecured notes which allows for solid unencumbered assets for noteholders. The strengths are counterbalanced by the potential risk related to the company’s illiquid investments, retained earnings constraints as a Regulated Investment Company (RIC), and an uncertain economic environment and geopolitical risks.
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Blue Owl Capital Corporation III (OBDE), a leading business development company focused on lending to U.S. upper middle-market companies, intends to list its shares of common stock on the NYSE. The company plans to disclose preliminary estimates of fourth-quarter 2023 results by January 24, 2024, and release full financial results for the fourth quarter and fiscal year 2023 on February 21, 2024. The board declared a first quarter 2024 regular dividend of $0.35 per share and five special dividends of $0.06 per share, payable on a quarterly basis. A share repurchase program of up to $100 million of outstanding common stock has been approved. The board also waived transfer restrictions for a portion of the company's common stock. BofA Securities, J.P. Morgan, and RBC Capital Markets are serving as lead advisors to the company in connection with its proposed listing.
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Blue Owl Capital Corporation (NYSE: OBDC) will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 on February 21, 2024, followed by a webcast / conference call on February 22, 2024 at 10:00 a.m. Eastern Time to discuss the results.
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Blue Owl Capital Inc. (NYSE: OWL) will release its Q4 2023 financial results on February 9, 2024, before market open. Interested persons can join the webcast/conference call at 8:30 a.m. Eastern Time on the same day to discuss the results.
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Amergin Asset Management (AAM) has announced the acquisition of the Valkyrie portfolio of five narrow body aircraft with leases attached, bringing Amergin Aviation's managed fleet to nine narrow body aircraft on lease to operators in Europe, the Americas, and Asia. AAM plans to expand its acquisition of aviation assets throughout 2024. Ticker symbol: AAM.
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KBRA assigns a BBB rating to Blue Owl Technology Income Corporation (OTIC) with a Stable Outlook, reflecting the company's ties to the $79.5 billion Blue Owl direct lending platform, a diversified $2.9 billion investment portfolio, and a solid management team. The company has a gross leverage of 0.77x with regulatory asset coverage of 229% and continues to strengthen its funding profile with the issuance of unsecured debt. However, potential risks include illiquid investments, short operating history, high but declining percentage of secured debt, and retained earnings constraints as a RIC.
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Blue Owl Technology Income Corporation (OTIC) has been assigned a BBB rating by KBRA for its $100 million floating rate senior unsecured notes due January 15, 2029. The company's rating reflects its ties to the sizeable Blue Owl direct lending platform, SEC exemptive relief, diversified investment portfolio, solid management team, and appropriate gross leverage. The company has also raised significant capital and has no non-accruals as of September 30, 2023.
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KBRA assigns a rating of BBB to Blue Owl Credit Income Corp.'s (OCIC) $550 million 7.750% senior unsecured notes due January 15, 2029, with a Stable Outlook. The company maintains solid leverage, asset coverage, and liquidity, with a diversified investment portfolio and a strong management team. OCIC raises capital monthly and offers up to 5% of its shares for repurchase quarterly. The company's credit quality remains strong, with only one debt investment on non-accrual status. However, potential risks include illiquid investments, rapid portfolio growth, and retained earnings constraints as a Regulated Investment Company (RIC). The company is managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital, Inc. (NYSE: OWL), with $157 billion of AUM as of September 30, 2023.
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Blue Owl Capital Inc. (NYSE: OWL) announced that co-CEO Doug Ostrover will present at the Goldman Sachs 2023 US Financial Services Conference on December 6, 2023, at 3:00 pm ET. The presentation will be broadcast live on Blue Owl's website. A replay will be available shortly after the event.
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Blue Owl Capital Corporation II (OBDC II) receives a BBB rating from KBRA for its $350 million 8.45% senior unsecured notes due November 15, 2026, with a Positive Outlook. The company's ties to the $79.5 billion Blue Owl direct lending platform, diversified investment portfolio, and solid management team contribute to the rating. The company's solid underwriting and focus on upper middle market portfolio companies with EBITDAs in excess of $100 million during uncertain economic periods are also highlighted.
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