Latham Advises on Blue Owl Capital Inc.’s US$250 Million Senior Notes Offering

Blue Owl Capital Inc. (Blue Owl) (NYSE: OWL) has closed an offering of US$250 million of 6.250% Senior Notes due 2034 by Blue Owl Finance LLC, its indirect subsidiary, at an issue price of 100.355%, plus accrued interest, if any, from April 18, 2024. The notes are being offered as additional notes under the same indenture as the previously issued US$750 million aggregate principal amount of its 6.250% Senior Notes due 2034 and will be treated as a single series with such previously issued senior notes. The notes will be fully and unconditionally guaranteed by each of Blue Owl, Blue Owl Capital GP Holdings LLC, Blue Owl Capital GP LLC, Blue Owl Capital Holdings LP, Blue Owl Capital Carry LP, Blue Owl Capital Group LLC, Blue Owl GPSC Holdings LLC, Blue Owl Capital GP Holdings LP, Blue Owl GP Stakes GP Holdings LLC, Blue Owl Real Estate Holdings LP, Blue Owl Real Estate GP Holdings LLC, and Blue Owl Capital Holdings LLC. Blue Owl intends to use the net proceeds from this offering for general corporate purposes, including to fund any future strategic acquisitions or related transactions and growth initiatives.

Latham & Watkins LLP represented the initial purchasers in the offering and in the previously issued US$750 million senior notes offering with a team led by partners Lewis Kneib and Sal Vanchieri, with associates Sofia Sitterson and Sheen Moaleman.