Blue Owl Capital Corporation announced that it has entered into an equity distribution agreement with multiple sales agents, including RBC Capital Markets, Truist Securities, and Mizuho Securities USA, among others. Under this agreement, the company may offer and sell shares of its common stock, valued at up to $750 million, through an "at the market offering." Sales will be made on the New York Stock Exchange or through privately negotiated transactions.

The agreement allows Blue Owl Capital Corporation to suspend or terminate the offering at any time. Sales agents will receive up to 1.50% of the gross sales price as compensation. Additionally, Blue Owl Credit Advisors, the company's investment adviser, may cover some commission costs to ensure shares are not sold below the company’s net asset value per share.

The offering is conducted under the company’s shelf registration statement on Form N-2, and legal opinions regarding the issuance of shares have been provided by Eversheds Sutherland (US) LLP.