Core Viewpoint - The merger between Blue Owl Capital Corporation (OBDC) and Blue Owl Capital Corporation III (OBDE) aims to create the second largest publicly traded Business Development Company (BDC) by total assets, enhancing scale and investment overlap, with a pro forma total asset value of $18.4 billion [1][3]. Group 1: Transaction Overview - The merger agreement has been unanimously approved by the boards of both companies and is subject to shareholder approvals and customary closing conditions [1][14]. - The combined company will have approximately 90% investment overlap, facilitating portfolio consolidation and reducing integration risk [2][3]. Group 2: Financial Implications - The merger is expected to increase OBDC's total investments by about 30%, raising the investment portfolio to approximately $17.7 billion across 256 portfolio companies [3]. - The merger is projected to be accretive to Net Investment Income (NII), with estimated operational savings exceeding $5 million in the first year [6]. Group 3: Market and Structural Benefits - The increased market capitalization may enhance trading liquidity and institutional ownership, while streamlining the organizational structure by eliminating a second diversified publicly traded BDC [4][5]. - The combined company is expected to benefit from a well-balanced capital structure, improving access to long-term, low-cost debt capital [5]. Group 4: Shareholder Considerations - Shareholders of OBDE will receive newly issued shares of OBDC based on a calculated Exchange Ratio, which will be determined prior to closing [8][10]. - The transaction allows for potential NAV per share accretion for OBDC if its shares are trading above NAV at the time of closing [7]. Group 5: Future Steps - The merger is anticipated to close in the first quarter of 2025, pending necessary approvals [14]. - Both companies plan to declare and pay ordinary course quarterly dividends prior to the merger closing [11][12].

Blue Owl Capital Corporation (OBDC) is set to report its second-quarter 2024 results on Aug 7, after the closing bell. The Zacks Consensus Estimate for second-quarter earnings is currently pegged at 47 cents per share, implying a decline of 2.1% from the year-ago reported number. The estimate remained stable over the past month. The Zacks Consensus Estimate for second-quarter revenues is currently pegged at almost $388.8 million, suggesting a 1.4% fall from the year-ago actuals. Image Source: Zacks Investme ...

Blue Owl Capital Corporation (OBDC) , a business development company, is well-poised to grow on the back of strong credit performance, rising net investment income, strategic acquisitions and new investment commitments. Headquartered in New York, Blue Owl Capital has a market cap of $6.1 billion. Zacks Estimate Story: The Zacks Consensus Estimate for OBDC's 2024 earnings is pegged at $1.88 per share, which remained stable over the past week. Blue Owl Capital beat on earnings in three of the last four quarte ...

It has been about a month since the last earnings report for Blue Owl Capital Corporation (OBDC) . Shares have added about 1.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Blue Owl Capital Corporation due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Blue Owl C ...

Blue Owl Capital Corporation (OBDC) reported first-quarter 2024 earnings per share (EPS) of 47 cents, which missed the Zacks Consensus Estimate by 2.1%. However, the bottom line improved 4.4% year over year.The total investment income of OBDC amounted to $400 million, which increased 5.8% year over year. The top line beat the Zacks Consensus Estimate of $399 million.OBDC’s first-quarter earnings were impacted by higher interest expenses as a result of higher average rates. The ratio of total expenses to ave ...

Blue Owl Capital Corporation (OBDC) reported $399.58 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.8%. EPS of $0.47 for the same period compares to $0.45 a year ago.The reported revenue represents a surprise of +0.11% over the Zacks Consensus Estimate of $399.16 million. With the consensus EPS estimate being $0.48, the EPS surprise was -2.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

Exhibit 99.1 Blue Owl Capital Corporation Reports First Quarter Net Investment Income Per Share of $0.47 and NAV Per Share of $15.47 NEW YORK — May 8, 2024 — Blue Owl Capital Corporation (NYSE: OBDC, or the "Company") today announced financial results for its first quarter ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS "OBDC's first quarter results reflect a strong start to the year, achieving record net asset value per share for the third consecutive quarter while maintaining solid credit performance, ...

NEW YORK, May 8, 2024 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC, or the "Company") today announced financial results for its first quarter ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS First quarter net investment income ("NII") per share of $0.47, exceeding the regular dividend by over 25% As a result, the Board of Directors (the "Board") declared a first quarter supplemental dividend of $0.05 per share Total dividends for the first quarter were $0.42 per share, representing a 10.9% a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 814-01190 ______________________________________________ BLUE OWL CAPITAL CORPORATION (Exact name of Registrant as specified in it ...

Blue Owl Capital Corporation (OBDC) is set to report its first-quarter 2024 results on May 8, after the closing bell.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share of 48 cents suggests a 6.7% jump from the prior-year earnings of 45 cents. The consensus mark remained stable over the past week. The consensus estimate for first-quarter revenues of $399.2 million indicates a 5.7% increase from the year-ago reported figure.Blue Owl Capital beat the consensus estimate ...