PCF INSURANCE SERVICES SECURES $400 MILLION IN INCREMENTAL FINANCING AS PART OF NEW DELAYED DRAW TERM LOAN [Yahoo! Finance]
Blue Owl Capital Inc. Class A (OWL)
Company Research
Source: Yahoo! Finance
financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and administrative agent. The financing was materially oversubscribed and was upsized from $300 million to $400 million in response to strong demand from new and existing lenders. In addition, the company reduced the margin on the majority of its debt by 50 basis points, which will represent a significant annual savings in ongoing interest expense. "This most recent financing is a testament to the strength of our team and commitment to growth and will enable us to further accelerate our M&A strategy," said Felix Morgan , Chief Executive Officer for PCF Insurance. "As part of PCF's long-term commitment to growth, we seek to identify and acquire businesses that will benefit from strong shareholder value and robust shared services offerings along with access to collaborative, industry-leading professionals." The deal includes a delayed draw term loan to support M&A that will be pari passu and ma
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OWL
News
- Blue Owl Capital Inc. (NYSE: OWL) had its price target lowered by analysts at TD Cowen from $23.00 to $21.50. They now have a "buy" rating on the stock.MarketBeat
- Blue Owl Capital Inc. (NYSE:OWL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Do Blue Owl Capital's (NYSE:OWL) Earnings Warrant Your Attention? [Yahoo! Finance]Yahoo! Finance
- Blue Owl Capital (OWL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Blue Owl Capital Inc. First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
OWL
Earnings
- 5/3/24 - Miss
OWL
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/26/24 - Form DEF
- OWL's page on the SEC website