Bulletin: Owl Rock Capital Group's Business Combination Will Complement Direct Lending Platform; No Ratings Impact On Managed BDCs - S&P Global Ratings’ Credit Research

Bulletin: Owl Rock Capital Group's Business Combination Will Complement Direct Lending Platform; No Ratings Impact On Managed BDCs

Bulletin: Owl Rock Capital Group's Business Combination Will Complement Direct Lending Platform; No Ratings Impact On Managed BDCs - S&P Global Ratings’ Credit Research
Bulletin: Owl Rock Capital Group's Business Combination Will Complement Direct Lending Platform; No Ratings Impact On Managed BDCs
Published Dec 23, 2020
2 pages (1143 words) — Published Dec 23, 2020
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Abstract:

NEW YORK (S&P Global Ratings) Dec. 23, 2020--Owl Rock Capital Group's announced merger agreement with Dyal Capital Partners to form Blue Owl Capital will complement Owl Rock's direct lending platform. Owl Rock announced that there will be no changes to the investment strategy, team, or processes of the entities it manages as a result of the transaction, including the two Owl Rock business development companies (BDCs) that we rate. The combination will potentially create additional sourcing opportunities, increase the scale of the platform, and bring public equity market access to the investment manager. Our ratings on Owl Rock Capital Corp. (BBB-/Stable/--) and Owl Rock Capital Corp. II (BBB-/Stable/--) are unaffected. Owl Rock provides financing to middle-market companies, typically sponsored by

  
Report Type:

Bulletin

Issuer
Owl Rock Capital Corp.
GICS
Asset Management & Custody Banks (40203010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Owl Rock Capital Group's Business Combination Will Complement Direct Lending Platform; No Ratings Impact On Managed BDCs" Dec 23, 2020. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Owl-Rock-Capital-Group-s-Business-Combination-Will-Complement-Direct-Lending-Platform-No-Ratings-Impact-On-Managed-BDCs-2574293>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Owl Rock Capital Group's Business Combination Will Complement Direct Lending Platform; No Ratings Impact On Managed BDCs Dec 23, 2020. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Owl-Rock-Capital-Group-s-Business-Combination-Will-Complement-Direct-Lending-Platform-No-Ratings-Impact-On-Managed-BDCs-2574293>
  
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