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Blue Owl Capital and OBDC II merge into a $18.9B BDC, while OTF reports strong debut with $0.28 NII and 9.3% dividend.
Blue Owl Capital (OBDC) and OBDC II agreed to merge, creating a larger BDC with a $18.9 billion portfolio, aiming for cost savings and improved financing.
OBDC reported third-quarter NII per share of $0.37, a dividend of $0.37, and a slight NAV decline to $14.89, with non-accrual loans rising to 1.3%.
Meanwhile, Blue Owl Technology Finance (OTF) reported its first full quarter as a public company, with NII of $0.28 per share, a 9.3% annualized dividend yield, and NAV of $17.27.
OTF also amended its lock-up release schedule to boost liquidity, allowing 11% of restricted shares to be released monthly starting November 13.
Blue Owl Capital y OBDC II se fusionan en un BDC de $ 18.9B, mientras que OTF reporta un fuerte debut con $ 0.28 NII y un dividendo del 9.3%.