--- title: "Blue Owl Raises Stakes With Second $400 Million Bond Offering" type: "News" locale: "en" url: "https://longbridge.com/en/news/286808905.md" description: "Blue Owl Capital (NYSE: OWL) has launched a second $400 million bond offering, following its first debt sale last month. The five-year notes are priced at approximately 260 basis points over Treasuries. Proceeds will be used to repay existing debt. The investment-grade bonds offer a 6.4% yield and mature in September 2028, amid a challenging market for private credit." datetime: "2026-05-18T18:43:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286808905.md) - [en](https://longbridge.com/en/news/286808905.md) - [zh-HK](https://longbridge.com/zh-HK/news/286808905.md) --- # Blue Owl Raises Stakes With Second $400 Million Bond Offering **Blue Owl Capital** (NYSE:OWL) has once again returned to the bond market with a second $400 million offering, nearly one month after completing its first debt sale. The firm is selling five-year notes with "an initial price guidance of approximately 260 basis points over Treasuries," Bloomberg reported. The fund, called OBDC, is a specialty finance and business development company that provides direct lending solutions to U.S. middle-market companies, according to the company’s website. **Read Also: PGIM Brings Private Credit To 401(k) s: DC Plans Get Taste Of Alternative Assets** Bookrunners for the offering include Goldman Sachs Group, RBC Capital Markets, Sumitomo Mitsui Banking Corporation, Deutsche Bank AG, TD Securities and Morgan Stanley.  OBDC will use proceeds from the latest bond sale to repay existing debt, which could include a revolving credit facility or bonds due in July. Last month, Blue Owl Capital raised $400 million from bond investors, following several months of ripples in the private credit market. Pacific Investment Management Co. (PIMCO) fully subscribed to the $400 million bond offering. The investment-grade bonds carry a 6.4% yield and are set to mature in September 2028, according to an SEC filing. The deal came amid a market downturn that has driven spreads on comparable fund debt to their highest levels in years.  The widening has been fueled in part by worries about underwriting quality and the sector’s exposure to software firms that could be disrupted by advances in artificial intelligence. **Read Also: BlackRock's Troubled Private Credit Fund Draws DOJ Scrutiny** _Photo: T. Schneider via Shutterstock_ ### Related Stocks - [OWL.US](https://longbridge.com/en/quote/OWL.US.md) - [OBDC.US](https://longbridge.com/en/quote/OBDC.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [RY.US](https://longbridge.com/en/quote/RY.US.md) - [SMFG.US](https://longbridge.com/en/quote/SMFG.US.md) - [8316.JP](https://longbridge.com/en/quote/8316.JP.md) - [DB.US](https://longbridge.com/en/quote/DB.US.md) - [DBK.DE](https://longbridge.com/en/quote/DBK.DE.md) - [TD.US](https://longbridge.com/en/quote/TD.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [OBDE.US](https://longbridge.com/en/quote/OBDE.US.md) - [OTF.US](https://longbridge.com/en/quote/OTF.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [03KB.DE](https://longbridge.com/en/quote/03KB.DE.md) - [DPB.DE](https://longbridge.com/en/quote/DPB.DE.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) ## Related News & Research - [Verizon and 4 other stocks with 5% yields—and market-beating returns](https://longbridge.com/en/news/286926821.md) - [One of Wall Street's biggest stock bulls sees a 'meaningful correction' ahead if bond yields keep surging](https://longbridge.com/en/news/286806730.md) - [Forget T-bills. This active ETF is paying more with less hassle.](https://longbridge.com/en/news/286950170.md) - [Energy stocks are secretly better than treasuries. Here’s why Bob Brackett is loading up on Exxon and Chevron.](https://longbridge.com/en/news/287017890.md) - [30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales](https://longbridge.com/en/news/286934555.md)