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SEC filing on 2026-08-18: 8-K, 8-K filing: entered a material agreement; took on new debt or obligations; other event the company deems important.
What the filing says (its own text, every fact in the card must come from here, and NAME the specific person, role and date it gives): 8-K false 0001823945 0001823945 2026-08-18 2026-08-18 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 18, 2026 BLUE OWL CAPITAL INC. (Exact name of registrant as specified in its charter) Delaware 001-39653 86-3906032 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 399 Park Avenue , New York , NY 10022 (address of principal executive offices) (212) 419-3000 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Class A Shares OWL New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01. Entry into a Material Definitive Agreement. The information required by this Item 1.01 is included in Item 2.03 and is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On August 18, 2026, Blue Owl Finance LLC (the " Issuer "), an indirect subsidiary of Blue Owl Capital Inc. (the " Company "), and the Company, 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, each a direct or indirect subsidiary of the Company (collectively, the " Guarantors "), completed an offering of $750,000,000 aggregate principal amount of its 6.750% Senior Notes due 2036 (the " Notes "), pursuant to an indenture dated as of April 18, 2024 (the " Base Indenture "), as supplemented by the second supplemental indenture (the " Second Supplemental Indenture " and, together with the Base Indenture, the " Indenture "), with Wilmington Trust, National Association, as trustee (the " Trustee "). The Notes have been registered under the Securities Act of 1933, as amended, by an automatically effective shelf registration statement on Form S-3ASR (Registration No. 333-279546) filed with the U.S. Securities and Exchange Commission on May 20, 2024. The Notes bear interest at a rate of 6.750% per annum accruing from August 18, 2026. Interest is payable semi-annually in arrears on February 18 and August 18 of each year, commencing on February 18, 2027. The Notes will mature on August 18, 2036, unless earlier redeemed or repurchased. The Notes are unsecured and unsubordinated obligations of the Issuer. The Notes are fully and unconditionally guaranteed (the " Guarantees "), jointly and severally, by each of the Guarantors. The Guarantees are unsecured and unsubordinated obligations of the Guarantors. All or a portion of the Notes may be redeemed at the Issuer's option in whole, at any time, or in part, from time to time, prior to their stated maturity, at the make-whole redemption price set forth in the Notes; provided, however, that if the Issuer redeems any Notes on or after May 18, 2036 (the date falling three months prior to their stated maturity), the redemption price for the Notes will be equal to 100% of the principal amount of the Notes redeemed, in each case, plus accrued and unpaid interest, if any, to, but excluding the date of redemption. If a change of control repurchase event occurs, the Notes are subject to repurchase by the Issuer at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased, plus any accrued and unpaid interest, if any, to, but excluding, the date of repurchase. The Indenture includes covenants, including limitations on the Issuer's and the Guarantors' ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or lease assets. The Indenture also provides for customary events of default and further provides that the Trustee or the holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, receivership or reorganization, the principal amount of the Notes and any accrued and unpaid interest on the Notes automatically will become due and payable. The preceding is a summary of the terms of the Indenture and the Notes, and is qualified in its entirety by reference to the Base Indenture attached hereto as Exhibit 4.1, the Second Supplemental Indenture attached hereto as Exhibit 4.2 and the form of the
Source: 8-K filing
Yields on 30-year Treasury bonds, which act as a benchmark for long-term borrowing costs, have climbed back to levels not seen in nearly two decades. This move was driven by stronger-than-expected manufacturing data and rising oil prices, which often signal that inflation might stay higher for longer.
For a firm like Blue Owl, higher rates are a double-edged sword. While they can earn more interest on the loans they provide to companies, rising rates also increase their own cost of borrowing money to fund new deals. If rates stay this high, it could slow down the pace of new investments as the math for private equity and real estate deals becomes more difficult.
Source: Bloomberg Markets and Finance
Blue Owl finalized the pricing for $750 million in senior notes, which are essentially IOUs the company sells to investors to raise cash. These notes will pay 6.75% interest annually and are due to be paid back in 2036.
This follows through on the company's earlier plan to borrow money while interest rates are volatile. By locking in this 10-year funding now, Blue Owl ensures it has the cash on hand to keep expanding its private credit and real estate businesses without having to worry about where that capital will come from in the near term.
Source: PRNewsWire
Girard Sharp is investigating potential claims on behalf of investors who held shares in Blue Owl Technology Finance Corp. II before it merged into a sister fund in March 2025. These types of investigations are common after large fund mergers as law firms look for any signs that shareholders didn't get a fair deal. At this stage, this is an investigation by a private firm rather than a formal lawsuit or a government probe. Unless it leads to a major court ruling or a large settlement, it is unlikely to affect the company's daily operations or its ability to manage its billions in assets.
Source: GlobeNewsWire
Firms in the private credit industry are becoming more cautious as some borrowers struggle to pay interest on time. These "shadow defaults" happen when a company cannot meet its payment schedule but avoids a formal bankruptcy filing by negotiating with its lenders.
This matters for Blue Owl because a large part of its business involves lending money directly to companies. If more borrowers fail to pay, it could hurt the returns of the funds Blue Owl manages. While the company focuses on high-quality loans, a broader industry crackdown on loan sweeteners, special perks given to borrowers, suggests the environment for private lending is getting tougher.
Source: WSJ
Management has a consistent habit of clearing the bars set by analysts, beating earnings expectations in each of the last three quarters.
| Expectation | |
|---|---|
| EPS | $0.23 |
| Revenue | $713M |
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