Blue Owl Capital Corp completes $398 million CLO debt securitization
Blue Owl Capital Corporation completed a $398 million term debt securitization, known as a collateralized loan obligation, on September 2, 2026, through its consolidated subsidiary Owl Rock CLO XXVI, LLC. The debt is secured by middle market loans and matures in July 2038, and the company expects to use the net proceeds for general corporate purposes.
Key points
- Closed September 2, 2026; the transaction totals $398 million, including secured notes, Class A-L loans and preferred shares.
- Secured notes include $182 million Class A-1 at three-month term SOFR plus 1.48%, $25 million Class A-F at 5.54%, $40 million Class B and $20 million Class C.
- The company bought all $106.15 million of preferred shares to meet risk-retention rules and initially transferred $362.067 million in funded par amount of middle market loans to the issuer.
- The debt matures in July 2038; the investment adviser has waived its collateral management fee but may rescind the waiver.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.