Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The latest announcement is out from Blue Owl Capital ( (OBDC) ).
Blue Owl Capital Corporation has completed its merger with Blue Owl Capital Corporation III, resulting in OBDC becoming the second largest publicly traded business development company by total assets. The merger, which increases OBDC’s total assets to $18.6 billion and diversifies its portfolio across 232 companies, is expected to strengthen OBDC’s market position and enhance its ability to deliver attractive risk-adjusted returns. The merger terms included an exchange of OBDE shares for OBDC shares and cash in lieu of fractional shares, with legacy OBDC shareholders owning 76% of the combined entity. This strategic move aims to leverage enhanced scale and operational efficiencies while maintaining strong credit quality.
More about Blue Owl Capital
Blue Owl Capital Corporation is a specialty finance company that primarily focuses on lending to U.S. middle-market companies. The company is regulated as a business development company and is externally managed by Blue Owl Credit Advisors LLC. As of September 30, 2024, OBDC had investments in 219 portfolio companies with an aggregate fair value of $13.4 billion.
YTD Price Performance: -4.72%
Average Trading Volume: 1,852,427
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.68B
Find detailed analytics on OBDC stock on TipRanks’ Stock Analysis page.
