An announcement from Blue Owl Capital (OBDC) is now available.
Blue Owl Capital Corporation (OBDC) and Blue Owl Capital Corporation III (OBDE) have announced a merger agreement where OBDE will merge with and into OBDC, resulting in OBDC being the surviving entity. This two-step merger is intended to be a tax-efficient reorganization and will involve an exchange ratio for OBDE shareholders to receive OBDC stock. The merger has received board approvals and is subject to shareholder votes and regulatory conditions, with completion anticipated in the first quarter of 2025. Additionally, a revised investment advisory agreement between OBDC and its advisor BOCA has been proposed, pending shareholder approval. The merger agreement outlines that certain fees and expenses will be shared or reimbursed, and contains provisions for termination rights and potential termination fees.
Learn more about OBDC stock on TipRanks’ Stock Analysis page.
