OWL 424B5: Secondary offering

Blue Owl Finance LLC

Filed with the SEC on · accession 0001193125-26-347343

OWL filed a 424B5 (prospectus (offering)) with the SEC on Aug 13, 2026. The final terms of an offering of shares or bonds. The stock moved +3.6% by the first close after the filing.

Summary of the filing

Blue Owl Finance LLC issued $750 million of 6.750% Senior Notes due 2036, fully guaranteed by Blue Owl Capital Inc. and certain affiliates, with net proceeds used to repay revolving credit facility borrowings.

Key details

Aggregate principal amount of notes$750.0M
Price to public (total)$742.7M
Underwriting discount (total)$5.6M
Proceeds to issuer before expenses$737.1M
IssuerBlue Owl Finance LLC
GuarantorBlue Owl Capital Inc.
GuarantorBlue Owl Capital GP Holdings LLC
GuarantorBlue Owl Capital GP LLC
GuarantorBlue Owl Capital Holdings LP
GuarantorBlue Owl Capital Carry LP
GuarantorBlue Owl Capital Group LLC
GuarantorBlue Owl GPSC Holdings LLC
GuarantorBlue Owl Capital GP Holdings LP
GuarantorBlue Owl GP Stakes GP Holdings LLC
GuarantorBlue Owl Real Estate Holdings LP
GuarantorBlue Owl Real Estate GP Holdings LLC
GuarantorBlue Owl Capital Holdings LLC
UnderwriterBofA Securities
UnderwriterGoldman Sachs & Co. LLC
UnderwriterMorgan Stanley

How OWL stock reacted

Close before

$12.22

Aug 12, 2026

First close after

+3.60%

$12.66

5 trading days

-3.68%

$11.77

Since filing

-19.64%

$9.82

✦ Ask GOAX AI about this filing — what it means for OWL, what changed since its last filings and what to watch next.

Try it free for 7 days

🔔 Want to stay updated on new SEC filings for OWL?

Click here

Frequently asked questions

What did OWL file with the SEC on Aug 13, 2026?

OWL filed a 424B5 (Secondary offering). Blue Owl Finance LLC issued $750 million of 6.750% Senior Notes due 2036, fully guaranteed by Blue Owl Capital Inc. and certain affiliates, with net proceeds used to repay revolving credit facility borrowings.

What does a secondary offering mean for OWL stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did OWL stock react to this filing?

OWL closed at $12.22 before the filing and $12.66 on Aug 13, 2026 (+3.60%). Five trading days later: $11.77 (-3.68%).

Other OWL SEC filings

Get alerts when OWL files with the SEC, plus live charts, key levels and news for 13,000+ stocks.

Try SEPT free for 7 days