NYSE:OWLCapital Markets
Blue Owl Capital Faces OBDC II Tender Test And Liquidity Questions
Saba Capital Management and Cox Capital Partners launched an unsolicited tender offer for a minority stake in Blue Owl Capital Corporation II (OBDC II) at a discount to net asset value.
The offer follows a period of heightened redemption requests in Blue Owl Capital's retail funds and changes to withdrawal options.
Blue Owl Capital's Board is reviewing the tender alongside existing capital return initiatives as it addresses liquidity management and investor sentiment.
Blue Owl Capital...