Blue Owl Capital (NYSE:OWL) is making a comeback, raising $400 million from bond investors, following several months of ripples in the private credit market.
• Blue Owl Capital shares are climbing with conviction. Why is OWL stock up today?
The bonds, issued by Blue Owl Capital Corp (OBDC), are investment-grade rated notes. The bonds are yielding 6.4% and are set to mature in September 2028, according to an SEC filing,
OBDC is a speciality finance and business development company that provides direct lending solutions to U.S. middle-market companies, according to the company’s website.
Earlier this month, Blue Owl Capital capped redemptions in both its funds at 5% after investors requested withdrawals of 22% and 41% in its private credit and technology-focused funds, respectively.
The firm attributed the above-average number of requests to “heightened market concerns around AI-related disruption to software companies.”
“We continue to observe a meaningful disconnect between …
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