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Latham & Watkins Advises on Blue Owl Capital Inc.’s US$750 Million Senior Notes Offering

April 11, 2024
Firm represents the initial purchasers in the offering by the asset manager.

Blue Owl Capital Inc. (NYSE: OWL) has announced the pricing of the previously announced offering of US$750 million of 6.250% Senior Notes due 2034 by Blue Owl Finance LLC, its indirect subsidiary. The notes will be fully and unconditionally guaranteed by each of Blue Owl Capital Inc., 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. The offering is subject to customary closing conditions. 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.

Latham & Watkins LLP represented the initial purchasers in the offering with a team led by partners Lewis Kneib and Sal Vanchieri, with associates Sofia Sitterson and Sheen Moaleman.