Blue Owl Capital Completes $398M CLO Securitization Backed by Middle Market Loans
OBDC is trading near its 52-week low of $10.52 (6.2% above the low).
Summary
Blue Owl Capital Corp closed a $398M CLO securitization on September 2, 2026, issuing AAA through A rated notes and retaining $106.15M of preferred shares as the risk retention holder.
Key Events · Financing and Capital Events · OBDC
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$398M CLO Securitization Completed
Blue Owl Capital Corp completed a $398 million term debt securitization (CLO XXVI) on September 2, 2026, backed by $362.067 million of middle market loans.
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Note Structure and Pricing
Issued $182M Class A-1 Notes (SOFR + 1.48%), $25M Class A-F Notes (5.54% fixed), $40M Class B Notes (SOFR + 1.90%), $20M Class C Notes (SOFR + 2.20%), and borrowed $25M under Class A-L Loans (SOFR + 1.48%).
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Risk Retention
The Company purchased all $106.15 million of preferred shares (106,150 shares at $1,000 each) as the retention holder to satisfy U.S. and EU/UK risk retention requirements.
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Maturity and Reinvestment
Debt matures in July 2038 with a reinvestment period through July 2030, during which proceeds may be used to purchase additional middle market loans.
Analysis · OBDC · Unknown
On September 2, 2026, Blue Owl Capital Corp completed a $398 million collateralized loan obligation (CLO) transaction, its twenty-sixth. The deal provides secured, non-recourse financing at a weighted average cost well below the company's typical unsecured borrowing rates, extending its funding runway through July 2038. The company retains $106.15 million of preferred shares as the risk retention holder, aligning its interests with noteholders. This is a routine but material capital markets execution for a BDC — it diversifies funding sources and locks in long-term financing, though it does not change the equity story or add direct shareholder dilution.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OBDC was trading at $11.17 on NYSE in the Unknown sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $10.52 to $14.34. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.