OBDC News & Events

Blue Owl Capital delivered solid Q4 results, with pre-tax adjusted NII of 37c per share rising sequentially as lower expenses offset modest yield compression, while NAV declined 1% due to realized and unrealized losses, Clear Street tells investors in a research note. Credit quality remains stable, leverage declined to 1.18x, liquidity is strong, and a $400M portfolio sale near par enhances flexibility, though management expects near-term earnings pressure from lower base rates and spread compression, the firm says. Clear Street maintains a Buy rating and $15 price target on the shares.

Says remains well capitalized with approximately $4B in total cash and capacity on its facilities. Says very focused on reducing borrowing costs. Says balance sheet "well positioned" to support continued portfolio performance in 2026. Says credit quality is solid and losses overall remain low. Says does not expect broad-based credit issues in portfolio. Says $1.4B in asset sales to institutional investors "a really strong statement for us." Says intentionally reduced leverage on liquidity. Says not halting redemptions, notes that there are a few headlines "that we think are a complete mischaracterization of what's happening here." Says instead of resuming 5% a quarter, "we are, in fact, accelerating redemptions," and "simply changing the method by which we're providing redemptions." Comments taken from Q4 earnings conference call.

A bounce in oil prices helped the Energy sector of the S&P 500 pace the broader index to its second consecutive winning session and defuse the bump in Treasury yields in the wake of January Fed meeting minutes that tilted dovish, with a subset of the committee keeping the door open to policy tightening if the fight against inflation heats up again.  Meanwhile Utilities - a sector trading firmly since early last week - was the worst performer, surrendering some of its February gains.  Ahead of tomorrow's earnings, Walmart's second consecutive losing sessionalso led Consumer Staples space to the downside.In the opening hour of the evening session, index futures are paring their earlier gains - S&P e-minis, Nasdaq 100 and Dow Industrials are all down about 0.1%.  In commodities, WTI Crude Oil is consolidating its robust Wednesday gains around $65 per barrel, while precious metals are trading more stable with some modest downside and an eye on today's greenback rally.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -DoorDashup 12.7%Tronoxup 6.2%eBayup 6.1%Blue Owl Capitalup 4.9%ALSO HIGHER -Etsyup 15.3% after selling Depop to eBay for $1.2BDOWN AFTER EARNINGS -Carvanadown 16.1%Avis Budget Groupdown 12.3%Molson Coorsdown 6.5%CVR Energydown 4.6%Cheesecake Factorydown 3.8%Jack in the Boxdown 2.6%Booking Holdingsdown 0.3%

Reports net asset value per share of $14.81, as compared with $14.89 as of September 30, 2025, driven primarily by credit-related markdowns on a small number of names, partially offset by accretive share repurchases. "OBDC closed the year with strong fourth quarter earnings and credit performance, reflecting the health of our borrowers and our defensive, senior secured strategy focused on the upper middle market," said Craig Packer, CEO. "Demonstrating our conviction in OBDC's strategy and long-term value, we repurchased approximately $148 million of OBDC's common stock during the quarter, accretive to NAV per share and the largest quarterly repurchase activity in our history. Today we announced the sale of $1.4 billion of direct lending investments at book value across three Blue Owl BDCs, including $400 million from OBDC consisting of partial sales across existing portfolio companies. What began as a targeted transaction to provide liquidity to OBDC II shareholders attracted significant interest from sophisticated institutional investors, allowing us to opportunistically extend the sale to OBDC. We expect this transaction to reduce leverage, modestly increase portfolio diversity and create additional capacity to invest in compelling new opportunities for the benefit of OBDC shareholders."