<p><em>OBDC II 股东无需采取任何行动</em></p>
<p>, /PRNewswire/ -- Blue Owl Capital Corporation II（&#34;OBDC II&#34;）今天确认收到来自 Cox Capital Partners（&#34;Cox&#34;）和 Saba Capital Management, L.P.（&#34;Saba&#34;）的非自愿少数股权收购要约，最多可收购 8,000,000 股 OBDC II 股票（少于 7% 的流通股）。该报价价格相较于净资产价值（&#34;NAV&#34;）折扣超过 30%。</p>
<p>OBDC II 的董事会（&#34;董事会&#34;）将仔细审查和评估 Cox 和 Saba 的要约，以确定其认为对 OBDC II 股东最有利的行动方案。</p>
<p>董事会将根据预计包括的关键事实和考虑因素来评估该要约：</p>
<ul>
<li>董事会已经采取具体重大行动以向 OBDC II 股东返还资本。</li>
<li>OBDC II 股东预计将在 2026 年收到相当于公司净资产 50% 或更多的支付。这包括在 2026 年 3 月 31 日或之前支付的 30% 资本返还分配。</li>
<li>除了定期的每月股息外，OBDC II 将优先考虑每季度向股东额外返还 5% 或更多的资本分配。</li>
<li>选择参与 Cox 和 Saba 要约的股东将获得远低于其投资当前 NAV 的金额，并且将无法参与 OBDC II 未来的资本返还。</li>
<li>自成立以来，OBDC II 年化回报率为 9.1%，持续超越杠杆贷款指数。</li>
</ul>
<p><strong>OBDC II 股东无需采取任何行动。</strong> 在董事会评估该要约期间，Blue Owl 仍专注于为所有 OBDC II 股东最大化价值，并通过严格执行其投资策略来保护他们的利益。OBDC II 将在适当的时候向股东通报董事会对该非自愿收购要约的建议。</p>
<p><strong>OBDC II 的其他更新</strong> OBDC II 正在利用之前宣布的 2 月份贷款资产出售的部分收益，向股东进行相当于 NAV 30% 的特别现金资本返还分配。所有截至 2026 年 3 月 24 日的 OBDC II 股东将于 2026 年 3 月 31 日或之前收到每股$2.50 的现金分配。在 2 月份资产出售完全结算后，OBDC II 将继续保持一个良好多元化的投资组合，这一直是其自成立以来强劲净年化总回报的基础。OBDC II 将继续保持强劲的流动性，现金和未提取的债务能力约为 4.47 亿美元，且具有保守的杠杆水平，净债务与股本比为 0.52 倍。</p>
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<td>1 基于截至 2026 年 2 月 24 日 OBDC II 报告的每股 NAV，减去截至 2026 年 3 月 24 日的股东应支付的$2.50 资本返还分配。</td>
</tr>
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<td>2 截至 2025 年 12 月 31 日。</td>
</tr>
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</table>
<p><strong>关于 Blue Owl Capital Corporation II</strong> Blue Owl Capital Corporation II（&#34;OBDC II&#34;）是一家专注于向美国中型市场公司提供贷款的专业金融公司。截至 2025 年 12 月 31 日，OBDC II 在 183 家投资组合公司中投资，总公平价值为 16 亿美元。OBDC II 已选择根据 1940 年投资公司法（&#34;1940 法案&#34;）进行监管。OBDC II 由 Blue Owl Credit Advisors LLC 外部管理，该公司是注册于 SEC 的投资顾问，是 Blue Owl Capital Inc.（&#34;Blue Owl&#34;）（纽约证券交易所代码：OWL）的间接附属公司，并且是 Blue Owl 的信贷平台的一部分。</p>
<p><strong>前瞻性声明</strong> 本文中包含的一些声明可能包括根据 1934 年证券交易法第 21E 条的定义的&#34;前瞻性声明&#34;。除历史事实外，所有声明，包括但不限于关于 Cox Capital Partners、Saba Capital Management, L.P.及其各自附属公司（统称为&#34;要约方&#34;）即将开始的非自愿第三方收购要约（&#34;非自愿收购要约&#34;）的预期时间和条款的声明，Blue Owl Capital Corporation II（&#34;OBDC II&#34;）相关的计划和预期，以及任何上述内容的假设，均为前瞻性声明。前瞻性声明涉及未来情况和结果，以及其他非历史事实的声明，有时通过&#34;可能&#34;、&#34;将&#34;、&#34;应该&#34;、&#34;潜在&#34;、&#34;打算&#34;、&#34;期望&#34;、&#34;努力&#34;、&#34;寻求&#34;、&#34;预期&#34;、&#34;估计&#34;、&#34;高估&#34;、&#34;低估&#34;、&#34;相信&#34;、&#34;保持&#34;、&#34;可以&#34;、&#34;项目&#34;、&#34;预测&#34;、&#34;继续&#34;、&#34;目标&#34;或其他类似词语或表达来识别。如果这些风险或不确定性中的一个或多个发生，或者基础假设被证明不正确，实际结果可能与这些前瞻性声明所指示或预期的结果有重大差异。这些声明并不能保证未来的结果，并且受到风险、不确定性和其他因素的影响，其中一些超出了 OBDC II 的控制范围，难以预测，可能导致实际结果与前瞻性声明中表达或预测的结果有重大差异，包括但不限于在 OBDC II 向 SEC 提交的文件中识别的风险、不确定性和其他因素。投资者不应对这些前瞻性声明过度依赖，这些声明仅适用于 OBDC II 作出声明的日期。OBDC II 不承担更新或修订任何前瞻性声明或本文中包含的任何其他信息的义务，除非适用法律要求。</p>
<p><strong>附加信息及获取途径</strong> 本文提及的非自愿收购要约尚未开始。此通讯仅供信息参考，并不构成购买要约或出售任何 OBDC II 股份或其他证券的邀请，也不替代要约方将向 SEC 提交的要约材料。非自愿收购要约的条款和条件将在要约方准备并向 SEC 提交的要约文件及相关材料中发布，OBDC II 的股份购买要约仅在非自愿收购要约开始时根据这些文件进行。OBDC II 计划向 SEC 提交一份关于非自愿收购要约的征求/推荐声明，文件编号为 Schedule 14D-9。</p>
<p>要约方的收购要约材料及我们的征求/推荐声明（Schedule 14D-9），可能会不时修订，将包含重要信息。OBDC II 的投资者和股东在这些文件可用时被敦促仔细阅读，因为这些文件，而非本文件，将决定收购要约的条款和条件，并且将包含这些人在决定是否将其股份提交非自愿收购要约前应考虑的重要信息。要约方的收购要约材料，包括购买要约及相关的转让信函和其他某些收购要约文件，以及征求/推荐声明（当其可用时）和要约方或 OBDC II 向 SEC 提交的其他文件，可以在 SEC 网站 www.sec.gov 上免费获取，或通过向 OBDC II 及我们征求/推荐声明中将列出的相关人员提出请求。</p>
<p><strong>投资者联系：</strong> BDC 投资者关系</p>
<p>Michael Mosticchio</p>
<p>credit-ir@blueowl.com</p>
<p><strong>媒体联系：</strong></p>
<p>media@blueowl.com</p>
<p>来源：Blue Owl Capital Corporation II</p>

SABA

OBDC

BRW.RT

<p>Blue Owl Capital Corporation II 收到了来自 Cox Capital Partners 和 Saba Capital Management 的非自愿少数股权收购要约，涉及最多 800 万股，价格低于净资产价值 (NAV) 超过 30%。董事会将审查该要约，并强调股东不需要采取任何行动。OBDC II 计划在 2026 年之前向股东返还 50% 或更多的净资产，包括 30% 的资本分配。该公司保持强劲的流动性，并且在杠杆贷款指数中持续表现优于市场</p>

<p><em>OBDC II Shareholders are Not Required to Take Any Action</em></p>
<div class="lb-trans"><p><em>OBDC II 股东无需采取任何行动</em></p>
</div><p>, /PRNewswire/ -- Blue Owl Capital Corporation II (&#34;OBDC II&#34;) today confirmed receipt of an unsolicited, minority tender offer from Cox Capital Partners (&#34;Cox&#34;) and Saba Capital Management, L.P. (&#34;Saba&#34;) for up to 8,000,000 shares of OBDC II (less than 7% of the outstanding shares). The offering price represents a discount of over 30% to net asset value (&#34;NAV&#34;) 1.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- Blue Owl Capital Corporation II（&#34;OBDC II&#34;）今天确认收到来自 Cox Capital Partners（&#34;Cox&#34;）和 Saba Capital Management, L.P.（&#34;Saba&#34;）的非自愿少数股权收购要约，最多可收购 8,000,000 股 OBDC II 股票（少于 7% 的流通股）。该报价价格相较于净资产价值（&#34;NAV&#34;）折扣超过 30%。</p>
</div><p>The Board of Directors (the &#34;Board&#34;) of OBDC II will carefully review and evaluate Cox and Saba's offer to determine the course of action it believes is in the best interests of OBDC II shareholders.</p>
<div class="lb-trans"><p>OBDC II 的董事会（&#34;董事会&#34;）将仔细审查和评估 Cox 和 Saba 的要约，以确定其认为对 OBDC II 股东最有利的行动方案。</p>
</div><p>The Board will evaluate the offer using key facts and considerations that are expected to include:</p>
<div class="lb-trans"><p>董事会将根据预计包括的关键事实和考虑因素来评估该要约：</p>
</div><ul>
<li>The Board is already taking specific significant action to return capital to OBDC II shareholders.</li>
<li>OBDC II shareholders are expected to receive payments equal to 50% or more of the Company's net assets2 in 2026. This includes a 30% return of capital distribution at NAV2 to be paid on or before March 31, 2026.</li>
<li>In addition to the regular monthly dividend, OBDC II will prioritize additional return of capital distributions to shareholders on a quarterly basis of 5% or more.</li>
<li>Shareholders who choose to participate in Cox and Saba's offer will receive significantly less than the current NAV of their investment and will not be able to participate in OBDC II's future returns of capital.</li>
<li>OBDC II has delivered 9.1% annualized returns2 since inception, consistently outperforming the leveraged loan indices.</li>
</ul>
<div class="lb-trans"><ul>
<li>董事会已经采取具体重大行动以向 OBDC II 股东返还资本。</li>
<li>OBDC II 股东预计将在 2026 年收到相当于公司净资产 50% 或更多的支付。这包括在 2026 年 3 月 31 日或之前支付的 30% 资本返还分配。</li>
<li>除了定期的每月股息外，OBDC II 将优先考虑每季度向股东额外返还 5% 或更多的资本分配。</li>
<li>选择参与 Cox 和 Saba 要约的股东将获得远低于其投资当前 NAV 的金额，并且将无法参与 OBDC II 未来的资本返还。</li>
<li>自成立以来，OBDC II 年化回报率为 9.1%，持续超越杠杆贷款指数。</li>
</ul>
</div><p><strong>OBDC II shareholders are not required to take any action.</strong> While the Board is evaluating the offer, Blue Owl remains focused on maximizing value for all shareholders of OBDC II and protecting their interests through the disciplined execution of its investment strategy. OBDC II will advise shareholders of the Board's recommendation on the unsolicited tender offer in due course.</p>
<div class="lb-trans"><p><strong>OBDC II 股东无需采取任何行动。</strong> 在董事会评估该要约期间，Blue Owl 仍专注于为所有 OBDC II 股东最大化价值，并通过严格执行其投资策略来保护他们的利益。OBDC II 将在适当的时候向股东通报董事会对该非自愿收购要约的建议。</p>
</div><p><strong>Additional OBDC II Updates</strong> OBDC II is using a portion of the proceeds from the previously announced February loan asset sale to make a special cash return of capital distribution equivalent to 30% of NAV to shareholders. All OBDC II shareholders of record as of March 24, 2026 will receive this cash distribution in the amount of $2.50 per share on or before March 31, 2026. After the full settlement of the February asset sale, OBDC II will continue to have a well‑diversified portfolio, which has been the underpinning of its strong net annualized total return since inception. OBDC II will continue to maintain a strong liquidity position, with approximately $447 million in cash and undrawn debt capacity, and a conservative leverage profile with net debt‑to‑equity of 0.52x.</p>
<div class="lb-trans"><p><strong>OBDC II 的其他更新</strong> OBDC II 正在利用之前宣布的 2 月份贷款资产出售的部分收益，向股东进行相当于 NAV 30% 的特别现金资本返还分配。所有截至 2026 年 3 月 24 日的 OBDC II 股东将于 2026 年 3 月 31 日或之前收到每股$2.50 的现金分配。在 2 月份资产出售完全结算后，OBDC II 将继续保持一个良好多元化的投资组合，这一直是其自成立以来强劲净年化总回报的基础。OBDC II 将继续保持强劲的流动性，现金和未提取的债务能力约为 4.47 亿美元，且具有保守的杠杆水平，净债务与股本比为 0.52 倍。</p>
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<td>1 Based on OBDC II's reported NAV per share as of February 24, 2026, less the return of capital distribution of $2.50 payable on or before March 31, 2026, to shareholders of record as of March 24, 2026.</td>
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<td>2 As of December 31, 2025.</td>
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<td>1 基于截至 2026 年 2 月 24 日 OBDC II 报告的每股 NAV，减去截至 2026 年 3 月 24 日的股东应支付的$2.50 资本返还分配。</td>
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<td>2 截至 2025 年 12 月 31 日。</td>
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</div><p><strong>About Blue Owl Capital Corporation II</strong> Blue Owl Capital Corporation II (&#34;OBDC II&#34;) is a specialty finance company focused on lending to U.S. middle-market companies. As of December 31, 2025, OBDC II had investments in 183 portfolio companies with an aggregate fair value of $1.6 billion. OBDC II has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended (&#34;1940 Act&#34;). OBDC II is externally managed by Blue Owl Credit Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. (&#34;Blue Owl&#34;) (NYSE: OWL) and part of Blue Owl's Credit platform.</p>
<div class="lb-trans"><p><strong>关于 Blue Owl Capital Corporation II</strong> Blue Owl Capital Corporation II（&#34;OBDC II&#34;）是一家专注于向美国中型市场公司提供贷款的专业金融公司。截至 2025 年 12 月 31 日，OBDC II 在 183 家投资组合公司中投资，总公平价值为 16 亿美元。OBDC II 已选择根据 1940 年投资公司法（&#34;1940 法案&#34;）进行监管。OBDC II 由 Blue Owl Credit Advisors LLC 外部管理，该公司是注册于 SEC 的投资顾问，是 Blue Owl Capital Inc.（&#34;Blue Owl&#34;）（纽约证券交易所代码：OWL）的间接附属公司，并且是 Blue Owl 的信贷平台的一部分。</p>
</div><p><strong>Forward Looking Statements</strong> Some of the statements contained herein may include &#34;forward-looking statements&#34; within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the &#34;Exchange Act&#34;). All statements, other than historical facts, including but not limited to statements regarding the expected timing and terms of the unsolicited third-party tender offer (the &#34;Unsolicited Tender Offer&#34;) to be commenced by Cox Capital Partners, Saba Capital Management, L.P. and their respective affiliates (collectively, the &#34;Offerors&#34;), the plans and expectations of Blue Owl Capital Corporation II (&#34;OBDC II&#34;) related thereto and any assumptions underlying any of the foregoing, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words &#34;may,&#34; &#34;will,&#34; &#34;should,&#34; &#34;potential,&#34; &#34;intend,&#34; &#34;expect,&#34; &#34;endeavor,&#34; &#34;seek,&#34; &#34;anticipate,&#34; &#34;estimate,&#34; &#34;overestimate,&#34; &#34;underestimate,&#34; &#34;believe,&#34; &#34;remains,&#34; &#34;could,&#34; &#34;project,&#34; &#34;predict,&#34; &#34;continue,&#34; &#34;target&#34; or other similar words or expressions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. These statements are not guarantees of future results and are subject to risks, uncertainties and other factors, some of which are beyond the control of the OBDC II and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in the OBDC II filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which OBDC II makes them. OBDC II does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.</p>
<div class="lb-trans"><p><strong>前瞻性声明</strong> 本文中包含的一些声明可能包括根据 1934 年证券交易法第 21E 条的定义的&#34;前瞻性声明&#34;。除历史事实外，所有声明，包括但不限于关于 Cox Capital Partners、Saba Capital Management, L.P.及其各自附属公司（统称为&#34;要约方&#34;）即将开始的非自愿第三方收购要约（&#34;非自愿收购要约&#34;）的预期时间和条款的声明，Blue Owl Capital Corporation II（&#34;OBDC II&#34;）相关的计划和预期，以及任何上述内容的假设，均为前瞻性声明。前瞻性声明涉及未来情况和结果，以及其他非历史事实的声明，有时通过&#34;可能&#34;、&#34;将&#34;、&#34;应该&#34;、&#34;潜在&#34;、&#34;打算&#34;、&#34;期望&#34;、&#34;努力&#34;、&#34;寻求&#34;、&#34;预期&#34;、&#34;估计&#34;、&#34;高估&#34;、&#34;低估&#34;、&#34;相信&#34;、&#34;保持&#34;、&#34;可以&#34;、&#34;项目&#34;、&#34;预测&#34;、&#34;继续&#34;、&#34;目标&#34;或其他类似词语或表达来识别。如果这些风险或不确定性中的一个或多个发生，或者基础假设被证明不正确，实际结果可能与这些前瞻性声明所指示或预期的结果有重大差异。这些声明并不能保证未来的结果，并且受到风险、不确定性和其他因素的影响，其中一些超出了 OBDC II 的控制范围，难以预测，可能导致实际结果与前瞻性声明中表达或预测的结果有重大差异，包括但不限于在 OBDC II 向 SEC 提交的文件中识别的风险、不确定性和其他因素。投资者不应对这些前瞻性声明过度依赖，这些声明仅适用于 OBDC II 作出声明的日期。OBDC II 不承担更新或修订任何前瞻性声明或本文中包含的任何其他信息的义务，除非适用法律要求。</p>
</div><p><strong>Additional Information and Where to Find It</strong> The Unsolicited Tender Offer referenced herein has not yet commenced. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any shares of OBDC II or any other securities, nor is it a substitute for the tender offer materials that the Offerors will file with the SEC. The terms and conditions of the Unsolicited Tender Offer will be published in, and the offer to purchase shares of OBDC II will be made only pursuant to, the offer documents and related offer materials prepared by the Offerors and filed with the SEC in a tender offer statement on Schedule TO at the time the tender offer is commenced. OBDC II intends to file a solicitation/recommendation statement on Schedule 14D-9 with the SEC with respect to the Unsolicited Tender Offer.</p>
<div class="lb-trans"><p><strong>附加信息及获取途径</strong> 本文提及的非自愿收购要约尚未开始。此通讯仅供信息参考，并不构成购买要约或出售任何 OBDC II 股份或其他证券的邀请，也不替代要约方将向 SEC 提交的要约材料。非自愿收购要约的条款和条件将在要约方准备并向 SEC 提交的要约文件及相关材料中发布，OBDC II 的股份购买要约仅在非自愿收购要约开始时根据这些文件进行。OBDC II 计划向 SEC 提交一份关于非自愿收购要约的征求/推荐声明，文件编号为 Schedule 14D-9。</p>
</div><p>THE OFFERORS' TENDER OFFER MATERIALS AND OUR SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9, AS THEY MAY BE AMENDED FROM TIME TO TIME, WILL CONTAIN IMPORTANT INFORMATION. INVESTORS AND SHAREHOLDERS OF OBDC II ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY, AND NOT THIS DOCUMENT, WILL GOVERN THE TERMS AND CONDITIONS OF THE TENDER OFFER, AND BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT SUCH PERSONS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES INTO THE UNSOLICITED TENDER OFFER. The Offerors' tender offer materials, including the offer to purchase and the related letter of transmittal and certain other tender offer documents, and the solicitation/recommendation statement (when they become available) and other documents filed with the SEC by the Offerors or OBDC II, may be obtained free of charge at the SEC's website at www.sec.gov or by directing requests to OBDC II and the relevant persons to be outlined in our solicitation/recommendation statement (when it becomes available).</p>
<div class="lb-trans"><p>要约方的收购要约材料及我们的征求/推荐声明（Schedule 14D-9），可能会不时修订，将包含重要信息。OBDC II 的投资者和股东在这些文件可用时被敦促仔细阅读，因为这些文件，而非本文件，将决定收购要约的条款和条件，并且将包含这些人在决定是否将其股份提交非自愿收购要约前应考虑的重要信息。要约方的收购要约材料，包括购买要约及相关的转让信函和其他某些收购要约文件，以及征求/推荐声明（当其可用时）和要约方或 OBDC II 向 SEC 提交的其他文件，可以在 SEC 网站 www.sec.gov 上免费获取，或通过向 OBDC II 及我们征求/推荐声明中将列出的相关人员提出请求。</p>
</div><p><strong>Investor Contact:</strong> BDC Investor Relations</p>
<div class="lb-trans"><p><strong>投资者联系：</strong> BDC 投资者关系</p>
</div><p>Michael Mosticchio</p>
<div class="lb-trans"><p>Michael Mosticchio</p>
</div><p>credit-ir@blueowl.com</p>
<div class="lb-trans"><p>credit-ir@blueowl.com</p>
</div><p><strong>Media Contact</strong>:</p>
<div class="lb-trans"><p><strong>媒体联系：</strong></p>
</div><p>media@blueowl.com</p>
<div class="lb-trans"><p>media@blueowl.com</p>
</div><p>SOURCE Blue Owl Capital Corporation II</p>
<div class="lb-trans"><p>来源：Blue Owl Capital Corporation II</p>
</div>

Blue Owl Capital Corporation II 确认收到来自 Cox 和 Saba 的未经请求的少数股权收购要约，价格低于净资产值 | OWL 股票新闻