Business & Finance
Blue Owl Sets $500 Million Bond Sale to Pay Down Credit Lines
Key Points
Blue Owl Sets $500 Million Bond Sale to Pay Down Credit Lines Blue Owl Capital Inc. is seeking to raise about $500 million from a bond sale, according to people familiar with the matter, after three of the firm’s private credit funds issued notes this year. A financing subsidiary, Blue Owl Finance, is offering the 10-year note, one of the people said. Initial price talk entails a premium of about 2.5 percentage points above Treasuries, the person added.
Blue Owl Sets $500 Million Bond Sale to Pay Down Credit Lines
Blue Owl Capital Inc. is seeking to raise about $500 million from a bond sale, according to people familiar with the matter, after three of the firm’s private credit funds issued notes this year.
A financing subsidiary, Blue Owl Finance, is offering the 10-year note, one of the people said. Initial price talk entails a premium of about 2.5 percentage points above Treasuries, the person added. A dozen entities including Blue Owl Capital are listed as guarantors, with bond proceeds to repay revolving credit facility borrowings.