v3.26.1
DEBT OBLIGATIONS, NET
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
DEBT OBLIGATIONS, NET
7. DEBT OBLIGATIONS, NET
The following tables summarize outstanding debt obligations of the Company:
June 30, 2026
(dollars in thousands)
Maturity
Date
Aggregate
Facility
Size
Outstanding
Debt
Amount Available
Net Carrying Value
2028 Notes5/26/2028$59,800 $59,800 $— $59,262 
2031 Notes6/10/2031700,000 700,000 — 691,646 
2032 Notes2/15/2032400,000 400,000 — 394,755 
2034 Notes4/18/20341,000,000 1,000,000 — 982,604 
2051 Notes10/7/2051350,000 350,000 — 338,966 
Revolving Credit Facility8/8/20302,450,000 1,345,000 1,094,244 1,345,000 
Total$4,959,800 $3,854,800 $1,094,244 $3,812,233 
December 31, 2025
(dollars in thousands)
Maturity
Date
Aggregate
Facility
Size
Outstanding
Debt
Amount Available
Net Carrying Value
2028 Notes5/26/2028$59,800 $59,800 $— $59,115 
2031 Notes6/10/2031700,000 700,000 — 690,796 
2032 Notes2/15/2032400,000 400,000 — 394,286 
2034 Notes4/18/20341,000,000 1,000,000 — 981,481 
2051 Notes10/7/2051350,000 350,000 — 338,748 
Revolving Credit Facility8/8/20302,450,000 860,000 1,579,244 860,000 
Total$4,959,800 $3,369,800 $1,579,244 $3,324,426 
Revolving Credit Facility
The Company, through its indirect subsidiary, Blue Owl Finance LLC, maintains a revolving credit facility (the “Revolving Credit Facility”). Amounts available for the Revolving Credit Facility presented in the tables above are reduced by outstanding letters of credit related to certain leases. Borrowings under the Revolving Credit Facility bear interest at the Company’s discretion at a rate per annum of (a) secured overnight financing rate (“SOFR”) plus a margin of 0.875% to 1.375% or (b) the greater of the (i) prime rate, (ii) New York Fed Bank Rate plus 0.50% or (iii) SOFR plus 1%, plus a margin of 0.00% to 0.375%. The Company is subject to an undrawn commitment fee rate of 0.07% to 0.2% of the daily amount of available revolving commitment. The borrowing rates for balances outstanding under the Revolving Credit Facility as of June 30, 2026 and December 31, 2025 were 4.75% and 4.94%, respectively. As of July 31, 2026, $925.0 million was outstanding under the Revolving Credit Facility.
For a description of terms of the other debt obligations presented in the tables above, see Note 7 to the financial statements in the Company’s Annual Report.