Blue Owl Capital, private credit
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Blue Owl, a direct lender specializing in loans to the software industry, said it had sold $1.4 billion of its loans to institutional investors at 99.7% of par value.
CoreWeave (NASDAQ: CRWV) stock plunged over 8% after news broke that Blue Owl Capital (NYSE: OWL) had failed to raise $4 billion from lenders to fund the buildout of a data center in Pennsylvania. The project located in Lancaster is supposed to host CoreWeave,
Blue Owl reportedly unsuccessfully shopped debt for a 100-megawatt project in Pennsylvania, but the firm said the development is on track.
Boaz Weinstein’s investment vehicle launches offer as private credit group is seeking to shore up investor confidence
Blue Owl Capital (OWL) reportedly found four buyers for a $1.4B portfolio of loans as it faces a deadline to return cash to investors in one of its private credit funds. According to a Bloomberg report,
OBDC's Q4 EPS beat estimates as investment income climbs, but higher expenses and a YoY profit drop temper the upbeat quarter.