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-0.00520381613183005 -0.00520381613183005 0 -0.00693842150910668 -0.00107545533391165 -0.01561144839549 -0.00694709453599305 -0.00607111882046837
Stock impact report

Blue Owl defends debt fund changes as share price slides [Advisor.ca (Canada)]

Blue Owl Capital Corporation (OBDC) 
Company Research Source: Advisor.ca
to restrict redemptions from one of its funds, raising fears of wider systemic risks. In early trading Friday, the New York-based firm's shares fell by nearly 5% on Friday, extending the previous session's slide, which saw its shares drop by nearly 6%, Reuters reported. The company's stock has now lost more than half its value over the past 12 months. Other private credit companies' stocks tumbled too, as investors were spooked by the possibility of a wider issue in the US$3.5-trillion private-lending market Blue Owl announced on Wednesday that it was selling US$1.4 billion in assets from three private credit funds to pay down debt and return capital to investors. It also said it was changing the way investors could withdraw their money from one of the funds. Specifically, the firm said it was selling debt investment commitments of US$600 million from Blue Owl Capital Corp. II (OBDC II), US$400 million from Blue Owl Technology Income Corp., and US$400 million from Blue Owl Cap Show less Read more
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