Blue Owl Capital Corporation is a US-listed business development company (BDC)
that provides direct lending solutions to middle-market borrowers, with a portfolio
typically concentrated in senior secured loans and other structured credit
investments. Returns and dividend capacity are primarily driven by net investment
income, credit performance, non-accrual levels, leverage and the spread between
asset yields and funding costs. OBDC’s results are sensitive to private credit
conditions, borrower fundamentals, refinancing activity and broader interest rate
dynamics.