Investing.com - A private credit fund managed by Blue Owl Capital Inc. is selling $300 million of investment-grade bonds, according to reporting from Bloomberg, citing a person familiar with the matter.
The Blue Owl Technology Finance Corp. (NYSE:OTF) notes may yield around 300 basis points above Treasuries, said the person. Proceeds from the bond sale will go toward paying down current debt, the person added.
JPMorgan Chase & Co. (NYSE:JPM), Mizuho Securities, Mitsubishi UFJ Financial Group Inc., Truist Securities and Wells Fargo & Co. (NYSE:WFC) are running the bond sale.
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