By Wendy Van Sickle
Columbus, Ohio, Sept. 30 – Blue Owl Capital Inc.’s indirect subsidiary, Blue Owl Finance LLC, sold a $350 million offering of 4.125% notes due 2051 (BBB/BBB) on Thursday, according to a news release.
The Rule 144A and Regulation S notes will be guaranteed by Blue Owl Capital Holdings LP, Blue Owl Capital Carry LP, Owl Rock Capital Group LLC, Dyal Capital Holdings LLC, Owl Rock Capital GP Holdings LP and Dyal GP Holdings LLC, according to a press release.
The company intends to use proceeds for general corporate purposes, including to fund any future strategic acquisitions or related transactions and growth initiatives.
Blue Owl Capital is an alternative asset manager based in New York.
| Issuer: | Blue Owl Finance LLC
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| Guarantors: | Blue Owl Capital Holdings LP, Blue Owl Capital Carry LP, Owl Rock Capital Group LLC, Dyal Capital Holdings LLC, Owl Rock Capital GP Holdings LP and Dyal GP Holdings LLC
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| Amount: | $350 million
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| Issue: | Notes
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| Maturity: | 2051
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| Coupon: | 4.125%
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| Trade date: | Sept. 30
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| Ratings: | S&P: BBB
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| Fitch: BBB
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| Distribution: | Rule 144A and Regulation S
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