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Private Equity

Blue Owl raises $400m in BDC bond deal

privateequitywire

4 months ago

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Blue Owl Capital has raised $400m through a bond issuance from its publicly traded business development company (BDC), OBDC, in a transaction that marks the first of its kind in over a month amid ongoing volatility in the private credit sector, according to a report by Bloomberg.
The investment-grade notes, which mature in 2028, were priced to yield 6.5%, according to a regulatory filing. The deal was arranged by Morgan Stanley, with proceeds earmarked for refinancing existing debt.
OBDC provide...

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