Eversheds Sutherland Advises on Blue Owl Capital Corporation and Blue Owl Capital Corporation II Merger Agreement

Eversheds Sutherland is pleased to have advised the special committee of independent directors of Blue Owl Capital Corporation (NYSE: OBDC) in connection with the recently announced definitive merger agreement between OBDC and Blue Owl Capital Corporation II ("OBDC II"), 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.

The transaction will strengthen OBDC's position as the second largest publicly traded BDC by total assets.

The combined company will trade under the ticker "OBDC" on the New York Stock Exchange.

Completion of the proposed merger is subject to OBDC II shareholder approvals, customary regulatory approvals and other customary closing conditions. Assuming satisfaction of these conditions, the transaction is expected to close in the first quarter of 2026.

The Blue Owl press release is available here.

The Eversheds Sutherland team was led by Partner Cynthia Krus with support from Partners Kristin Burns and Dwaune Dupree and Associate Lea Schild.