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Blue Owl returns to bond market with $400m debt deal

privateequitywire

1 month ago

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Blue Owl Capital has returned to the investment-grade bond market with a $400m issuance from its private credit vehicle OBDC, in a move that underscores improving financing conditions for business development companies, according to a report by Bloomberg.
The five-year notes were priced on Monday at a spread of 2.3 percentage points over US Treasuries, tighter than earlier guidance by around 30 basis points, according to market sources. Proceeds will be used to refinance existing liabilities, in...

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