Blue Owl clarifies to investors: its loan sale transaction does not include hidden incentives

Blue Owl Capital Inc. defended its recent sale of $1.4 billion in loans, asserting that the transaction did not include any backstop provisions or hidden incentives. The sale was part of the company's plan to return cash to investors in its Blue Owl Capital Corp II fund, with each buyer purchasing roughly the same amount of shares at the same time and at the same asset price. This portfolio sale will allow OBDC II to return 30% of capital to investors by the end of March, and is expected to achieve a 50% capital return by the end of the year.