Blue Owl Capital, Blue Owl Capital II enter merger agreement

Blue Owl Capital (OBDC) Corporation and Blue Owl Capital Corporation II announced that they have entered into a definitive merger agreement, with OBDC as the surviving company, subject to certain shareholder approvals of OBDC II and other customary closing conditions. Following the recommendation of each of their special committees, the boards of directors of both OBDC and OBDC II have unanimously approved the transaction. In connection with and in support of the transaction, 50% of fees and expenses associated with the merger will be reimbursed by the Adviser up to a cap of $3 million, if the merger is consummated. OBDC and OBDC II do not anticipate any interruptions to the payment of ordinary course dividends to respective shareholders between announcement and close of the merger. Additionally, OBDC II does not anticipate conducting additional tender offers prior to the merger.