PIMCO announced the full acquisition of $400 million in bonds issued by Blue Owl Capital Corp OBDC. These investment-grade notes, which are set to mature on September 15, 2028, were priced to yield 6.5%. The bonds received ratings of Baa2 from Moody's, BBB- from S&P Global Ratings, and BBB from Fitch Ratings. The settlement is anticipated around April 16, 2026, with Morgan Stanley & Co. serving as the sole bookrunner for the offering.
The acquisition of $400 million in bonds by PIMCO signifies a strong endorsement of Blue Owl Capital Corp's financial stability and growth potential. The investment-grade ratings from major credit agencies reflect the company's ability to meet its financial obligations, which is crucial for attracting institutional investors. This move is likely to enhance Blue Owl's liquidity and provide it with additional capital to pursue its lending strategies.
https://www.gurufocus.com/news/8794280/pimco-acquires-400m-bonds-from-blue-owl-capital-corp-obdc
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