NEW
YORK, April 11, 2024 /PRNewswire/ -- Blue Owl
Capital Inc. ("Blue Owl") (NYSE: OWL) today announced that its
indirect subsidiary, Blue Owl Finance LLC, intends to offer 10-year
senior unsecured notes (the "notes"), subject to market and other
conditions. 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. 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 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. 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.
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.
Investor Contact
Ann
Dai
Head of Investor Relations
blueowlir@blueowl.com
Media Contact
Prosek Partners
David Wells / Nick Theccanat
Pro-blueowl@prosek.com
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SOURCE Blue Owl Capital