Blue Owl Private Credit BDC Urges Rejecting Boaz Weinstein Offer
Blue Owl Capital offices in New York.
Photographer: Michael Nagle/BloombergA Blue Owl Capital Inc. private credit fund is urging investors to reject a share purchase offer led by Boaz Weinstein’s Saba Capital Management, saying the price is too low.
The tender offer for Blue Owl Capital Corp. II, known as OBDC II, represents a 33% discount to its net asset value, the business development company’s directors said in a statement Friday.