NEW
YORK, April 11, 2024 /PRNewswire/ -- Blue Owl
Capital Inc. ("Blue Owl") (NYSE: OWL) today announced the pricing
of the previously announced offering of $750,000,000 of 6.250% Senior Notes due 2034 by
Blue Owl Finance LLC, its indirect subsidiary. The notes will be
fully and unconditionally guaranteed by each of Blue Owl, 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 Holdings
LP, Blue Owl Real Estate GP Holdings LLC and Blue Owl Capital
Holdings LLC. The offering is subject to customary closing
conditions. Blue Owl intends to use the net proceeds from this
offering to repay a portion of outstanding borrowings under its
revolving credit facility. Any remaining net proceeds will be used
for general corporate purposes, including to fund any future
strategic acquisitions or related transactions and growth
initiatives.
The notes will be offered and sold to persons reasonably
believed to be qualified institutional buyers pursuant to Rule 144A
and to non-U.S. persons outside the
United States pursuant to Regulation S under the Securities
Act of 1933, as amended (the "Securities Act"). The Company also
intends to enter into a registration rights agreement in connection
with the offering of the notes, under which it will agree to
consummate an offer to exchange the notes pursuant to a
registration statement filed with the Securities and Exchange
Commission within 365 days after the original issue date of the
notes.
The notes have not been registered under the Securities Act or
any state securities laws and, unless registered, may not be
offered or sold in the United
States except pursuant to an exemption from, or in a
transaction subject to, the registration requirements of the
Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase the notes or any other
securities and shall not constitute an offer, solicitation or sale
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful.
About Blue Owl Capital
Blue Owl (NYSE: OWL) is a leading asset manager that is
redefining alternatives.
With over $165 billion in assets
under management as of December 31,
2023, we invest across three multi-strategy platforms:
Credit, GP Strategic Capital, and Real Estate. Anchored by a strong
permanent capital base, we provide businesses with private capital
solutions to drive long-term growth and offer institutional and
individual investors differentiated alternative investment
opportunities that aim to deliver strong performance, risk-adjusted
returns, and capital preservation.
Together with over 685 experienced professionals globally, Blue
Owl brings the vision and discipline to create the exceptional.
Forward-Looking Statements
Certain statements
made in this press release are "forward looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words "estimates," "projected," "expects,"
"anticipates," "forecasts," "plans," "intends," "believes,"
"seeks," "may," "will," "would," "should," "future," "propose,"
"target," "goal," "objective," "outlook" and variations of these
words or similar expressions (or the negative versions of such
words or expressions) are intended to identify forward-looking
statements. Any such forward-looking statements are made pursuant
to the safe harbor provisions available under applicable securities
laws and speak only as of the date made. Blue Owl assumes no
obligation to update or revise any such forward-looking statements
except as required by law.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Blue Owl's control, that could
cause actual results or outcomes to differ materially from those
discussed in the forward-looking statements.
Important factors, among others, that may affect actual results
or outcomes include the inability to recognize the anticipated
benefits of strategic acquisitions; costs related to acquisitions;
the inability to maintain the listing of Blue Owl's shares on the
New York Stock Exchange; Blue Owl's ability to manage growth; Blue
Owl's ability to execute its business plan and meet its
projections; potential litigation involving Blue Owl; changes in
applicable laws or regulations; and the possibility that Blue Owl
may be adversely affected by other economic, business,
geo-political and competitive factors.
Blue Owl Investor Contact
Ann Dai
Head of Investor Relations
blueowlir@blueowl.com
Blue Owl Media Contact
Nick Theccanat
Principal, Corporate Communications & Government Affairs
nick.theccanat@blueowl.com
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SOURCE Blue Owl Capital