UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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| Item 8.01. | Other Events. |
On May 30, 2024, Blue Owl Finance LLC (“Blue Owl Finance”), an indirect subsidiary of Blue Owl Capital Inc. (the “Company”), priced an offering of $250,000,000 aggregate principal amount of its 6.250% Senior Notes due 2034 (the “notes”). The notes will be issued as additional notes under the indenture pursuant to which Blue Owl Finance previously issued $750,000,000 aggregate principal amount of its 6.250% Senior Notes due 2034 on April 18, 2024.
The notes will be fully and unconditionally guaranteed on a joint and several basis by each of the Company, Blue Owl Capital GP Holdings LLC, Blue Owl Capital GP LLC, Blue Owl Capital Holdings LP, Blue Owl Capital Carry LP, Blue Owl Capital Group LLC, Blue Owl GPSC Holdings LLC, Blue Owl Capital GP Holdings LP, Blue Owl GP Stakes GP Holdings LLC, Blue Owl Real Estate GP Holdings LLC, Blue Owl Real Estate Holdings LP and Blue Owl Capital Holdings LLC. The offering is subject to customary closing conditions.
The Company intends to use the net proceeds from the offering for general corporate purposes, including to fund any future strategic acquisitions or related transactions and growth initiatives.
A copy of the press release is attached as Exhibit 99.1.
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or the Company’s future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statements made herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release, May 30, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BLUE OWL CAPITAL INC. | ||||
| Dated: May 30, 2024 | ||||
| By: | /s/ Neena A. Reddy | |||
| Name: | Neena A. Reddy | |||
| Title: | General Counsel and Secretary | |||