NYSE:OBDC

Blue Owl Capital (OWL) Scraps OBDC–OBDC II Merger as Redemption Freeze Roils the $3 Trillion Private Credit Market

Alternative asset manager Blue Owl Capital Inc. has pulled the plug on a controversial merger of two of its private-credit funds, capping a tumultuous week that has turned one mid‑size Wall Street firm into the poster child for growing stress in private credit.

19 November 2025

Mergers & Acquisitions·NYSE:OBDC·NYSE:OBDCII·NYSE:OWL

Blue Owl’s BDC Shake‑Up (Nov. 17, 2025): OBDC–OBDC II Merger Puts ~20% Haircut on the Table for Retail Holders—But Double‑Digit Yields Lure Value Buyers

Summary: Blue Owl Capital is moving to fold its private Blue Owl Capital Corporation II into the listed Blue Owl Capital Corporation. Because OBDC stock trades below its reported net asset value, today’s pricing implies roughly a 20% value hit for OBDC II investors at closing—though the combined BDC would be larger, more liquid and, at today’s price, offers a double‑digit dividend yield. Blue Owl Capital Corporation+2Blue Owl Capital Corporation+2

17 November 2025

Mergers & Acquisitions·NYSE:OBDC