Blue Owl Capital Corporation: Aiming for Strategic Merger with OBDE

Blue Owl Capital Corporation (OBDC) and Blue Owl Capital Corporation III (OBDE) have announced that the leading proxy advisory firms ISS and Glass Lewis are recommending shareholders vote in favor of a strategic merger between the two entities. These advisory firms have endorsed the merger for its potential to increase scale, improve trading dynamics, and ensure long-term cost savings from synergies. Scheduled for final voting on January 8, 2025, the merger is expected to create the second-largest publicly traded business development company by total assets. Both companies focus on lending to U.S. middle-market firms and are part of the Blue Owl's Credit platform. Broadridge, acting as the proxy solicitor, will assist shareholders in the voting process. Legal documentation such as the Joint Proxy Statement and Registration Statement related to the merger has been filed with the SEC. This merger speaks to the future growth prospects both companies see, as well as the anticipated economic impacts on their portfolio companies and the broader markets they operate within.