Blue Owl Capital Corporation to merge with Blue Owl Capital Corporation III.

Blue Owl Capital Corporation, a specialty finance and business development company, agreed to merge with Blue Owl Capital Corporation III, a specialty finance company focused on lending to US middle-market companies. Financial terms were not disclosed. "We believe now is the right time to deliver long-term value for both OBDC and OBDE shareholders and streamline our direct lending platform. The merger is set to enhance scale while preserving our strong credit quality. This increased scale positions the combined company to deliver attractive risk-adjusted returns for shareholders in the years to come," Craig W. Packer, Blue Owl Capital Corporation and Blue Owl Capital Corporation III CEO.