Blue Owl BDC Plows Ahead on $400 Million High-Grade Sale

A Blue Owl Capital Inc. private credit fund priced its first dollar bond in a year, during a session in which global market jitters kept other potential borrowers on the sidelines.

Blue Owl Technology Finance Corp., a publicly traded business development company, raised $400 million in a five-year bond offering Tuesday, according to a person familiar with the matter. The note priced at a premium of 2.55 percentage points above Treasuries, versus initial price talk calling for a spread of about 2.88 percentage points, said the person, who asked not to be identified as they’re not authorized to speak publicly.