Fitch gives Blue Owl Finance notes BBB+

Fitch Ratings said it assigned an expected BBB+ unsecured debt rating to the planned unsecured notes to be sold by Blue Owl Finance LLC, which is an indirect finance subsidiary of Blue Owl Capital Inc.

“The expected rating on the new senior unsecured notes is equalized with the ratings assigned to Blue Owl Finance LLC's existing senior unsecured debt, as the new notes will rank equally in the capital structure,” Fitch said in a press release.

The proceeds are expected to be used to repay a portion of borrowings under the firm's revolving credit facility and for general corporate purposes, including to fund any future strategic acquisitions or related transactions and growth initiatives.

The outlook is stable.

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