Blue Owl Capital has agreed to sell $1.4bn of loans from three of its private credit vehicles to North American pension and insurance investors, as the firm looks to return capital to shareholders and reduce leverage, according to a report by Reuters.
The assets are reportedly being sold at 99.7% of par value, in line with where the loans are marked on Blue Owl’s books. The portfolio comprises debt across 128 companies operating in 27 industries, with software and services representing the large...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.