KBRA Assigns Rating to Blue Owl Capital Corporation's $400 Million Senior Unsecured Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
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Source: Businesswire
Credit Rating Assignment: KBRA has assigned a BBB+ rating to Blue Owl Capital Corporation's $400 million senior unsecured notes due 2029, with a Stable Outlook, supported by the company's strong ties to the Blue Owl Credit platform and solid management practices in private credit markets.
Merger and Financial Outlook: Blue Owl Capital Corporation is set to merge with Blue Owl Capital Corporation III, expected to close in Q1 2025, which will increase their total investments significantly; however, potential risks include economic downturns impacting earnings and asset quality.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
