Blue Owl Capital Corporation (OBDC) and Blue Owl Capital Corporation II decided to terminate the previously proposed merger due to current market conditions.
The decision reflects the Boards' commitment to acting in the best interests of shareholders and reevaluating alternatives for the future.
OBDC II plans to reinstate the tender program in Q1 of 2026, focusing on delivering attractive returns independently.
Merger Termination
The merger between OBDC and OBDC II has been terminated to reevaluate future alternatives due to market volatility.
Strong Fundamentals
Both OBDC and OBDC II remain strong with excellent fundamentals and confident in delivering attractive returns independently.
Performance Metrics
OBDC II has delivered nearly 80% cumulative net return since inception, outperforming loan and high yield indices with solid credit quality focus.
- The termination of the merger is based on the belief that combining OBDC and OBDC II could create long-term value for shareholders but is postponed due to market conditions.
- OBDC II's strong investment results are highlighted by its focus on credit quality, low loss rate, and exceptional portfolio performance.
Blue Owl Capital Corporation and Blue Owl Capital Corporation II's decision to terminate the merger showcases their commitment to shareholder interests amid market volatility, with plans to explore future opportunities.