Why Blue Owl Capital Stock Soared More Than 8% Higher Today

Perhaps the private credit industry isn't in as dire a state as many have feared recently. On news that a large and influential investment management firm had snapped up 100% a bond issue floated by Blue Owl Capital's (NYSE: OWL) business development company (BDC) Blue Owl Capital Corporation (NYSE: OBDC), investors pushed the former stock over 8% higher. Just after market close on Tuesday, Bloomberg reported that Pacific Investment Management (PIMCO), one of the largest institutional bond investors in the world, purchased the entire $400 million bond issue of Blue Owl Capital Corporation. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool