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Pacific Investment Management Co. (PIMCO) has acquired the full $400 million bond offering issued by a private credit fund affiliated with Blue Owl Capital Inc.
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. Morgan Stanley acted as the sole bookrunner for the offering.
It is not yet known whether Pimco intends to retain the bonds, though Trace …
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