Technology

Blue Owl Capital Corporation Announces June 30, 2026 Financial Results

Published

3 hours ago

August 5, 2026

NEW YORK, Aug. 5, 2026 /PRNewswire/ — Blue Owl Capital Corporation (NYSE: OBDC) (“OBDC” or the “Company”) today announced financial results for its second quarter ended June 30, 2026.

SECOND QUARTER 2026 HIGHLIGHTS

Second quarter GAAP net investment income (“NII”) per share of $0.36Second quarter adjusted NII per share(1) increased to $0.34, as compared to the prior quarter of $0.31Based on OBDC’s supplemental dividend framework, the Board of Directors (the “Board”) declared a second quarter supplemental dividend of $0.02 per shareDividends declared totaled $0.33 per share, representing an annualized dividend yield of 9.3%(2)Net asset value (“NAV”) per share of $14.26, as compared to $14.41 as of March 31, 2026, primarily reflecting markdowns on a small number of names, partially offset by over-earning the dividend and accretive share repurchasesNew investment commitments for the second quarter were $319 million and sales and repayments were $747 millionInvestments on non-accrual represented 2.8% and 0.8% of the portfolio at cost and fair value, respectively, as compared to 2.0% and 1.0% as of March 31, 2026The Company repurchased approximately $35 million of OBDC common stock, which was accretive to NAV per share in the second quarterAmended and extended the revolving credit facility with all banking partners renewing commitments and issued $800 million of unsecured debt during the second quarter

“We are pleased with OBDC’s performance this quarter, generating strong earnings resulting in a 9.6% annualized return on adjusted net investment income and healthy dividend coverage. Portfolio company operating trends remained stable, and credit performance continued to track in line with expectations,” said Craig W. Packer, Chief Executive Officer. “As market conditions continue to stabilize and investment opportunities become increasingly attractive, we believe OBDC is well positioned to deploy capital selectively. With leverage at a two-year low and a strong liquidity profile, we have meaningful flexibility to capitalize on compelling investment opportunities as we focus on delivering attractive risk-adjusted returns for shareholders.”

Dividend Declaration
On August 4, 2026 the Board declared a third quarter 2026 base dividend of $0.31 per share for stockholders of record as of September 30, 2026, payable on or before October 15, 2026.

The Board also declared a second quarter 2026 supplemental dividend of $0.02 per share, related to the Company’s second quarter 2026 earnings, for stockholders of record as of August 31, 2026, payable on or before September 15, 2026.

(1)

See Non-GAAP Financial Measures for a description of the non-GAAP measures and the reconciliations from the most comparable GAAP financial measures to the Company’s non-GAAP measures, including on a per share basis. The Company’s management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company’s ongoing results and trends, as well as its performance, excluding non-cash income or gains related to the merger between the Company and Blue Owl Capital Corp. III (“OBDE”) (such merger, the “OBDE Merger”), which closed on January 13, 2025. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

(2)

Dividend yield based on OBDC’s annualized Q2’26 base dividend of $0.31 per share payable to shareholders of record as of June 30, 2026, annualized Q2’26 supplemental dividend of $0.02 per share payable to shareholders of record as of August 31, 2026, and Q2’26 NAV per share of $14.26 less Q2’26 supplemental dividend per share of $0.02.

SELECT FINANCIAL HIGHLIGHTS

As of and for the Three Months Ended

($ in thousands, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

GAAP results:

Net investment income per share

$ 0.36

$ 0.32

$ 0.42

Net realized and unrealized gains (losses) per share

$ (0.22)

$ (0.37)

$ (0.15)

Net increase (decrease) in net assets resulting from operations per share

$ 0.13

$ (0.05)

$ 0.27

Non-GAAP financial measures(1):

Adjusted net investment income per share

$ 0.34

$ 0.31

$ 0.40

Adjusted net realized and unrealized gains (losses) per share

$ (0.21)

$ (0.36)

$ (0.13)

Adjusted net increase (decrease) in net assets resulting from operations per share

$ 0.13

$ (0.05)

$ 0.27

Base dividend declared per share

$ 0.31

$ 0.37

Supplemental dividend declared per share

$ 0.02

$ —

$ 0.02

Total investments at fair value

$ 14,955,049

$ 15,344,201

$ 16,868,782

Total debt outstanding (net of unamortized debt issuance costs)

$ 7,903,533

$ 8,454,559

$ 9,225,817

Net assets

$ 7,031,759

$ 7,154,000

$ 7,682,397

Net asset value per share

$ 14.26

$ 14.41

$ 15.03

Net debt-to-equity

1.11x

1.13x

1.17x

(1)

See Non-GAAP Financial Measures for a description of the non-GAAP measures and the reconciliations from the most comparable GAAP financial measures to the Company’s non-GAAP measures, including on a per share basis. The Company’s management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company’s ongoing results and trends, as well as its performance, excluding non-cash income or gains related to the OBDE Merger. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

PORTFOLIO COMPOSITION

As of June 30, 2026, the Company had investments in 229 portfolio companies across 30 industries, with an aggregate portfolio size of $15.0 billion at fair value and an average investment size of $65.3 million at fair value.

June 30, 2026

March 31, 2026

($ in thousands)

Fair Value

% of Total

Fair Value

% of Total

Portfolio composition:

First-lien senior secured debt investments1

$ 10,937,849

73.2 %

$ 11,035,403

72.1 %

Second-lien senior secured debt investments

674,223

4.5 %

773,357

5.0 %

Unsecured debt investments

377,224

2.5 %

369,374

2.4 %

Specialty finance debt investments

171,254

1.1 %

159,598

1.0 %

Preferred equity investments

262,536

1.8 %

536,853

3.5 %

Common equity investments

714,693

4.8 %

665,746

4.3 %

Specialty finance equity

1,426,590

9.5 %

1,414,987

9.2 %

Joint ventures

390,680

2.6 %

388,883

2.5 %

Total investments

$ 14,955,049

100.0 %

$ 15,344,201

100.0 %

(1)

The Company considers 52% and 51% of first-lien senior secured debt investments to be unitranche loans as of June 30, 2026 and March 31, 2026, respectively.

June 30, 2026

March 31, 2026

Number of portfolio companies

229

230

Percentage of debt investments at floating rates

96.0 %

96.1 %

Percentage of senior secured debt investments

78.8 %

78.1 %

Weighted average spread over base rate of floating rate debt investments

5.6 %

Weighted average total yield of accruing debt and income-producing securities at fair value

9.9 %

10.0 %

Weighted average total yield of accruing debt and income-producing securities at cost

9.9 %

10.0 %

Percentage of investments on non-accrual of the portfolio at fair value

0.8 %

1.0 %

PORTFOLIO AND INVESTMENT ACTIVITY

For the three months ended June 30, 2026, new investment commitments totaled $319 million across 5 new portfolio companies and 8 existing portfolio companies. For the three months ended March 31, 2026, new investment commitments were $676 million across 7 new portfolio companies and 16 existing portfolio companies.

For the three months ended June 30, 2026, the principal amount funded totaled $219 million and aggregate principal amount of sales and repayments totaled $747 million. For the three months ended March 31, 2026, the principal amount of new investments funded was $430 million and aggregate principal amount of sales and repayments was $1.5 billion.

For the Three Months Ended June 30,

($ in thousands)

2026

2025

New investment commitments:

Gross originations

$ 357,074

$ 1,116,767

Less: Sell downs

(37,750)

—

Total new investment commitments

$ 319,324

$ 1,116,767

Principal amount of new investments funded:

First-lien senior secured debt investments

$ 208,532

$ 587,980

Second-lien senior secured debt investments

—

205,340

Unsecured debt investments

—

Specialty finance debt investments

—

9,813

Preferred equity investments

—

2,914

Common equity investments

—

4,401

Specialty finance equity investments

5,239

84,114

Joint venture investments

4,844

11,473

Total principal amount of new investments funded

$ 218,615

$ 906,035

Drawdowns (repayments) on revolvers and delayed draw term loans, net

$ 210,160

$ 142,162

Principal amount of investments sold or repaid:

First-lien senior secured debt investments(1)

$ (432,759)

$ (1,612,475)

Second-lien senior secured debt investments

(33,720)

(178,056)

Unsecured debt investments

(2,040)

(24,233)

Specialty finance debt investments

—

Preferred equity investments

(255,888)

(4,933)

Common equity investments

(249)

(78,607)

Specialty finance equity investments

(22,043)

(8,583)

Joint venture investments

—

Total principal amount of investments sold or repaid

$ (746,699)

$ (1,906,887)

Number of new investment commitments in new portfolio companies(2)

Average new investment commitment amount in new portfolio companies

$ 49,525

$ 92,279

Weighted average term for new investment commitments (in years)

6.1

5.9

Percentage of new debt investment commitments at

floating rates

100.0 %

99.0 %

Percentage of new debt investment commitments at

fixed rates

— %

1.0 %

Weighted average interest rate of new investment commitments(3)

8.7 %

9.7 %

Weighted average spread over applicable base rate of new debt investment commitments at floating rates

4.9 %

5.4 %

(1)

Includes scheduled paydowns.

(2)

Number of new investment commitments represents commitments to a particular portfolio company.

(3)

Assumes each floating rate commitment is subject to the greater of the interest rate floor (if applicable) or 3-month SOFR, which was 3.73% and 4.29% as of June 30, 2026 and 2025, respectively.

RESULTS OF OPERATIONS FOR THE SECOND QUARTER ENDED JUNE 30, 2026

Investment Income
Investment income increased to $401 million for the three months ended June 30, 2026 from $397 million for the three months ended March 31, 2026, primarily driven by the impact of higher dividend income and non-recurring other income from a realization of a preferred equity investment, offset by a decline in average investments over the period. The Company expects that investment income will vary based on a variety of factors including the pace of originations and repayments, spreads of new deployments, and base rate movements.

Expenses
Total expenses decreased to $224 million for the three months ended June 30, 2026 from $235 million for the three months ended March 31, 2026, primarily driven by a decrease in interest expense from a decline in daily average borrowings from $9.3 billion to $8.4 billion. As a percentage of total assets, professional fees, directors’ fees and other general and administrative expenses remained relatively consistent period-over-period.

Liquidity and Capital Resources
As of June 30, 2026, the Company had $238 million in cash and restricted cash, $8.0 billion in total principal value of debt outstanding, including $4.2 billion of undrawn capacity(1) on the Company’s credit facilities and $5.3 billion of unsecured notes. The funding mix was composed of 33.6% secured and 66.4% unsecured borrowings as of June 30, 2026 on an outstanding basis. The Company was in compliance with all financial covenants under its credit facilities as of June 30, 2026. The Company has analyzed cash and cash equivalents, availability under its credit facilities, the ability to rotate out of certain assets and amounts of unfunded commitments that could be drawn and believes its liquidity and capital resources are sufficient to take advantage of market opportunities.

(1)

Reflects undrawn debt which is based on committed debt less debt outstanding as of June 30, 2026, and may not reflect the amount currently available due to borrowing base restrictions.

CONFERENCE CALL AND WEBCAST INFORMATION

Conference Call Information:
The conference call will be broadcast live on August 6, 2026 at 10:00 a.m. Eastern Time on the News & Events section of OBDC’s website at www.blueowlcapitalcorporation.com. To pre-register for the call, please use the following link: www.blueowlcapitalcorporation.com/webcast-registration?event_id=29120. Please visit the website before the webcast to test your connection.

Participants are also invited to access the conference call by dialing one of the following numbers:

Domestic: (877) 737-7048International: +1 (201) 689-8523

All callers will need to reference “Blue Owl Capital Corporation” once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected.

Replay Information:
An archived replay will be available for 14 days via a webcast link located on the News & Events section of OBDC’s website, and via the dial-in numbers listed below:

Domestic: (877) 660-6853International: +1 (201) 612-7415Access Code: 13761127

ABOUT BLUE OWL CAPITAL CORPORATION

Blue Owl Capital Corporation (NYSE: OBDC) is a specialty finance company focused on lending to U.S. middle-market companies. As of June 30, 2026, OBDC had investments in 229 portfolio companies with an aggregate fair value of $15.0 billion. OBDC has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. OBDC is externally managed by Blue Owl Credit Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL) and part of Blue Owl’s Credit platform.

Certain information contained herein may constitute “forward-looking statements” that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about OBDC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond OBDC’s control 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 OBDC’s 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 makes them. OBDC 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.

INVESTOR CONTACTS

Investor Contact:
BDC Investor Relations
Michael Mosticchio
credit-ir@blueowl.com

Media Contact:
Head of Communications
Andrew Williams
media@blueowl.com

FINANCIAL HIGHLIGHTS

For the Three Months Ended

($ in thousands, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Investments at fair value

$ 14,955,049

$ 15,344,201

$ 16,868,782

Total assets

$ 15,354,604

$ 16,018,541

$ 17,398,476

Net asset value per share

$ 14.26

$ 14.41

$ 15.03

GAAP results:

Total investment income

$ 401,342

$ 396,774

$ 485,843

Net investment income

$ 176,173

$ 159,170

$ 216,708

Net increase (decrease) in net assets resulting from operations

$ 65,739

$ (24,382)

$ 137,506

GAAP per share results:

Net investment income

$ 0.36

$ 0.32

$ 0.42

Net realized and unrealized gains (losses)

$ (0.22)

$ (0.37)

$ (0.15)

Net increase (decrease) in net assets resulting from operations(1)

$ 0.13

$ (0.05)

$ 0.27

Non-GAAP financial measures(2):

Adjusted total investment income

$ 395,726

$ 390,564

$ 474,907

Adjusted net investment income

$ 170,557

$ 152,960

$ 205,772

Adjusted net increase (decrease) in net assets resulting from operations

$ 65,739

$ (24,382)

$ 137,502

Non-GAAP per share financial measures(2):

Adjusted net investment income

$ 0.34

$ 0.31

$ 0.40

Adjusted net realized and unrealized gains (losses)

$ (0.21)

$ (0.36)

$ (0.13)

Adjusted net increase (decrease) in net assets resulting from operations(1)

$ 0.13

$ (0.05)

$ 0.27

Base dividend declared per share

$ 0.31

$ 0.37

Supplemental dividend declared per share

$ 0.02

$ —

$ 0.02

Weighted average yield of accruing debt and income producing securities at fair value

9.9 %

10.0 %

10.6 %

Weighted average yield of accruing debt and income producing securities at amortized cost

9.9 %

10.0 %

10.7 %

Percentage of debt investments at floating rates

96.0 %

96.1 %

97.6 %

(1)

Totals may not sum due to rounding.

(2)

See Non-GAAP Financial Measures for a description of the non-GAAP measures and the reconciliations from the most comparable GAAP financial measures to the Company’s non-GAAP measures, including on a per share basis. The Company’s management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company’s ongoing results and trends, as well as its performance, excluding non-cash income or gains related to the OBDE Merger. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(Amounts in thousands, except share and per share amounts)

As of June 30, 2026
(Unaudited)

As of December 31,
2025

Assets

Investments at fair value:

Non-controlled, non-affiliated investments (amortized cost of $12,793,396 and $14,060,097, respectively)

$ 12,439,882

$ 13,995,055

Non-controlled, affiliated investments (amortized cost of $190,543 and $176,078, respectively)

142,746

114,192

Controlled, affiliated investments (amortized cost of $2,129,577, and $2,181,604, respectively)

2,372,421

2,361,646

Total investments at fair value (amortized cost of $15,113,516 and $16,417,779, respectively)

14,955,049

16,470,893

Cash (restricted cash of $20,399 and $47,448, respectively)

237,438

558,703

Foreign cash (cost of $625 and $9,722, respectively)

611

9,839

Interest and dividend receivable

91,333

104,576

Receivable from a controlled affiliate

33,012

26,846

Prepaid expenses and other assets

37,161

15,508

Total Assets

$ 15,354,604

$ 17,186,365

Liabilities

Debt (net of unamortized debt issuance costs of $101,772 and $93,186, respectively)

$ 7,903,533

$ 9,300,076

Distribution payable

152,874

184,877

Management fee payable

57,348

63,145

Incentive fee payable

36,156

38,899

Payables to affiliates

8,457

12,572

Accrued expenses and other liabilities

164,477

189,517

Total Liabilities

$ 8,322,845

$ 9,789,086

Commitments and contingencies (Note 8)

Net Assets

Common shares $0.01 par value, 1,000,000,000 shares authorized; 493,142,569 and
499,448,499 shares issued and outstanding, respectively

$ 4,931

$ 4,994

Additional paid-in-capital

7,442,001

7,512,234

Accumulated undistributed (overdistributed) earnings

(415,173)

(119,949)

Total Net Assets

$ 7,031,759

$ 7,397,279

Total Liabilities and Net Assets

$ 15,354,604

$ 17,186,365

Net Asset Value Per Share

$ 14.26

$ 14.81

CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except share and per share amounts)
(Unaudited)

For the Three Months Ended
June 30,

For the Six Months Ended
June 30,

2026

2025

2026

2025

Investment Income

Investment income from non-controlled, non-affiliated investments:

Interest income

$ 272,242

$ 384,762

$ 564,166

$ 741,225

Payment-in-kind (“PIK”) interest income

29,145

29,581

56,379

64,973

Dividend income

17,971

20,810

38,180

42,341

Other income

19,960

5,268

23,118

10,858

Total investment income from non-controlled, non-affiliated investments

339,318

440,421

681,843

859,397

Investment income from non-controlled, affiliated investments:

Interest income

310

219

702

834

PIK interest income

169

865

257

1,904

Dividend income

3,575

555

6,770

555

Other income

Total investment income from non-controlled, affiliated investments

4,078

1,673

7,779

3,363

Investment income from controlled, affiliated investments:

Interest income

10,638

9,847

18,635

18,799

PIK interest income

2,272

—

6,431

—

Dividend income

44,678

33,869

82,867

68,874

Other income

358

561

Total investment income from controlled, affiliated investments

57,946

43,749

108,494

87,729

Total Investment Income

401,342

485,843

798,116

950,489

Operating Expenses

Interest expense

$ 122,983

$ 151,571

$ 257,299

$ 300,103

Management fees, net(1)

57,346

64,586

118,039

126,744

Performance based incentive fees

36,156

43,649

68,568

84,678

Professional fees

4,305

3,538

8,511

7,070

Directors’ fees

445

320

890

640

Other general and administrative

3,222

3,185

6,307

7,212

Total Operating Expenses

224,457

266,849

459,614

526,447

Net Investment Income (Loss) Before Taxes

176,885

218,994

338,502

424,042

Income tax expense (benefit), including excise tax expense (benefit)

712

2,286

3,159

6,032

Net Investment Income (Loss) After Taxes

$ 176,173

$ 216,708

$ 335,343

$ 418,010

Net Realized and Change in Unrealized Gain (Loss)

Net change in unrealized gain (loss):

Non-controlled, non-affiliated investments

$ (110,049)

$ (125,752)

$ (274,474)

$ 70,764

Non-controlled, affiliated investments

(9,673)

(14,711)

14,091

(15,411)

Controlled, affiliated investments

20,372

37,485

62,802

34,095

Translation of assets and liabilities in foreign currencies and other transactions

4,049

13,351

780

17,367

Income tax (provision) benefit

(207)

(200)

500

(1,762)

Total Net Change in Unrealized Gain (Loss)

(95,508)

(89,827)

(196,301)

105,053

Net realized gain (loss):

Non-controlled, non-affiliated investments

$ (9,477)

$ 20,834

$ 1,196

$ (131,098)

Non-controlled, affiliated investments

1,427

—

(37,795)

—

Controlled, affiliated investments

(6,032)

—

(62,388)

—

Foreign currency transactions

(844)

(10,209)

1,302

(11,828)

Total Net Realized Gain (Loss)

(14,926)

10,625

(97,685)

(142,926)

Total Net Realized and Change in Unrealized Gain (Loss)

(110,434)

(79,202)

(293,986)

(37,873)

Net Increase (Decrease) in Net Assets Resulting from Operations

$ 65,739

$ 137,506

$ 41,357

$ 380,137

Earnings Per Share – Basic and Diluted

$ 0.13

$ 0.27

$ 0.08

$ 0.76

Weighted Average Shares Outstanding – Basic and Diluted

495,377,115

511,048,237

497,130,632

502,981,791

(1)

Refer to “Note 3 — Agreements and Related Party Transactions” for additional details on management fee waiver.

NON-GAAP FINANCIAL MEASURES

On a supplemental basis, the Company is disclosing certain adjusted financial measures, each of which is calculated and presented on a basis of methodology other than in accordance with GAAP (“non-GAAP”). The Company’s management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company’s ongoing results and trends, as well as its performance, excluding non-cash income or gains related to the OBDE Merger. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

“Adjusted Total Investment Income” and “Adjusted Total Investment Income Per Share”: represents total investment income excluding any amortization or accretion of interest income resulting solely from the cost basis established by ASC 805 (see below) for the assets acquired in connection with the OBDE Merger.”Adjusted Net Investment Income” and “Adjusted Net Investment Income Per Share”: represents net investment income, excluding any amortization or accretion of interest income resulting solely from the cost basis established by ASC 805 (see below) for the assets acquired in connection with the OBDE Merger.”Adjusted Net Realized and Unrealized Gains (Losses)” and “Adjusted Net Realized and Unrealized Gains (Losses) Per Share”: represents net realized and unrealized gains (losses) excluding any net realized and unrealized gains (losses) resulting solely from the cost basis established by ASC 805 (see below) for the assets acquired in connection with the OBDE Merger.”Adjusted Net Increase (Decrease) in Net Assets Resulting from Operations” and “Adjusted Net Increase (Decrease) in Net Assets Resulting from Operations Per Share”: represents the sum of (i) Adjusted Net Investment Income and (ii) Adjusted Net Realized and Unrealized Gains (Losses).

The OBDE Merger was accounted for as an asset acquisition in accordance with the asset acquisition method of accounting as detailed in ASC 805-50, Business Combinations—Related Issues (“ASC 805”). The consideration paid to the stockholders of OBDE was allocated to the individual assets acquired and liabilities assumed based on the relative fair values of the net identifiable assets acquired other than “non-qualifying” assets, which established a new cost basis for the acquired investments under ASC 805 that, in aggregate, was different than the historical cost basis of the acquired investments prior to the OBDE Merger. Additionally, immediately following the completion of the OBDE Merger, the acquired investments were marked to their respective fair values under ASC 820, Fair Value Measurements, which resulted in unrealized appreciation/depreciation. The new cost basis established by ASC 805 on debt investments acquired will accrete/amortize over the life of each respective debt investment through interest income, with a corresponding adjustment recorded to unrealized appreciation/depreciation on such investment acquired through its ultimate disposition. The new cost basis established by ASC 805 on equity investments acquired will not accrete/amortize over the life of such investments through interest income and, assuming no subsequent change to the fair value of the equity investments acquired and disposition of such equity investments at fair value, the Company will recognize a realized gain/loss with a corresponding reversal of the unrealized appreciation/depreciation on disposition of such equity investments acquired.

The Company’s management uses the non-GAAP financial measures described above internally to analyze and evaluate financial results and performance and to compare its financial results with those of other business development companies that have not adjusted the cost basis of certain investments pursuant to ASC 805. The Company’s management believes “Adjusted Total Investment Income”, “Adjusted Total Investment Income Per Share”, “Adjusted Net Investment Income” and “Adjusted Net Investment Income Per Share” are useful to investors as an additional tool to evaluate ongoing results and trends for the Company without giving effect to the income resulting from the new cost basis of the investments acquired in the OBDE Merger because these amounts do not impact the fees payable to Blue Owl Credit Advisors LLC (the “Adviser”) under the fourth amended and restated investment advisory agreement (the “Investment Advisory Agreement”) between the Company and the Adviser, and specifically as its relates to “Adjusted Net Investment Income” and “Adjusted Net Investment Income Per Share”. In addition, the Company’s management believes that “Adjusted Net Realized and Unrealized Gains (Losses)”, “Adjusted Net Realized and Unrealized Gains (Losses) Per Share”, “Adjusted Net Increase (Decrease) in Net Assets Resulting from Operations” and “Adjusted Net Increase (Decrease) in Net Assets Resulting from Operations Per Share” are useful to investors as they exclude the non-cash income and gain/loss resulting from the OBDE Merger and are used by management to evaluate the economic earnings of its investment portfolio. Moreover, these metrics more closely align the Company’s key financial measures with the calculation of incentive fees payable to the Adviser under the Investment Advisory Agreement (i.e., excluding amounts resulting solely from the lower cost basis of the acquired investments established by ASC 805 that would have been to the benefit of the Adviser absent such exclusion).

The following table provides a reconciliation of total investment income (the most comparable U.S. GAAP measure) to adjusted total investment income for the periods presented:

For the Three Months Ended

($ in millions, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Amount

Per Share

Amount

Per Share

Amount

Per Share

Total investment income

$ 401

$ 0.81

$ 397

$ 0.80

$ 486

$ 0.95

Less: purchase discount amortization

(6)

(0.01)

(6)

(0.01)

(11)

(0.02)

Adjusted total investment income(1)

$ 396

$ 0.80

$ 391

$ 0.78

$ 475

$ 0.93

The following table provides a reconciliation of net investment income (the most comparable U.S. GAAP measure) to adjusted net investment income for the periods presented:

For the Three Months Ended

($ in millions, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Amount

Per Share

Amount

Per Share

Amount

Per Share

Net investment income

$ 176

$ 0.36

$ 159

$ 0.32

$ 217

$ 0.42

Less: purchase discount amortization

(6)

(0.01)

(6)

(0.01)

(11)

(0.02)

Adjusted net investment income(1)

$ 171

$ 0.34

$ 153

$ 0.31

$ 206

$ 0.40

The following table provides a reconciliation of net realized and unrealized gains (losses) (the most comparable U.S. GAAP measure) to adjusted net realized and unrealized gains (losses) for the periods presented:

For the Three Months Ended

($ in millions, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Amount

Per Share

Amount

Per Share

Amount

Per Share

Net realized and unrealized gains (losses)

$ (110)

$ (0.22)

$ (184)

$ (0.37)

$ (79)

$ (0.15)

Net change in unrealized (appreciation) depreciation due to the purchase discount

0.01

0.02

Realized gain (loss) due to the purchase discount(2)

—

Adjusted net realized and unrealized gains (losses)(1)

$ (105)

$ (0.21)

$ (177)

$ (0.36)

$ (68)

$ (0.13)

The following table provides a reconciliation of net increase (decrease) in net assets resulting from operations (the most comparable U.S. GAAP measure) to adjusted net increase (decrease) in net assets resulting from operations for the periods presented:

For the Three Months Ended

($ in millions, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Amount

Per Share

Amount

Per Share

Amount

Per Share

Net increase (decrease) in net assets resulting from operations

$ 66

$ 0.13

$ (24)

$ (0.05)

$ 138

$ 0.27

Less: purchase discount amortization

(6)

(0.01)

(6)

(0.01)

(11)

(0.02)

Net change in unrealized (appreciation) depreciation due to the purchase discount

0.01

0.02

Realized gain (loss) due to the purchase discount(2)

—

Adjusted net increase (decrease) in net assets resulting from operations(1)

$ 66

$ 0.13

$ (24)

$ (0.05)

$ 138

$ 0.27

(1)

Totals may not sum due to rounding.

(2)

Per share amounts round down to less than $0.01.

View original content:https://www.prnewswire.com/news-releases/blue-owl-capital-corporation-announces-june-30-2026-financial-results-302844165.html

SOURCE Blue Owl Capital Corporation

Technology

Clarity Consultants Appoints Heidi Milberg as Executive Vice President of Growth and Client Services

Published

47 minutes ago

August 5, 2026

Accomplished managed learning services executive to accelerate strategic growth and strengthen client partnerships

CAMPBELL, Calif., Aug. 5, 2026 /PRNewswire/ — Clarity Consultants, a premier learning and development consulting firm serving Fortune 500 and other multinational organizations, today announced the appointment of Heidi Milberg as Executive Vice President of Growth and Client Services.

Milberg brings more than 25 years of experience in managed learning services, enterprise learning strategy, and client partnership leadership. Throughout her career, she has helped many of the world’s leading organizations transform learning operations, build long-term strategic partnerships, and deliver learning solutions that improve business performance.

She joins Clarity following a distinguished 25-year career with GP Strategies, where she held senior leadership positions serving global enterprise clients. Over the course of her career, she has earned a reputation for helping organizations solve complex learning and workforce challenges while building trusted, long-term client relationships.

“We’re excited to welcome Heidi to Clarity at a pivotal time for our company and our industry,” said Herb Tieger, President and Chief Executive Officer of Clarity Consultants. “Organizations are looking for strategic partners who can help them navigate change, develop their workforce, and demonstrate measurable business impact. Heidi brings decades of experience, deep industry relationships, and a client-first mindset that perfectly aligns with who we are and where we’re headed.”

In her new role, Milberg will lead strategic growth initiatives, strengthen client partnerships, and help expand Clarity’s ability to deliver flexible, outcome-focused learning solutions, including managed learning services, project-based consulting, and on-demand learning expertise.

“This opportunity allows me to build on the work I’ve loved throughout my career, helping organizations grow through strong client partnerships, innovation, and a commitment to delivering meaningful results,” said Milberg. “I’m looking forward to joining a talented team, contributing to the company’s next phase of growth, and building new relationships with colleagues, clients, and partners.”

Milberg’s appointment reflects Clarity’s ongoing commitment to providing enterprise organizations with experienced leadership, strategic guidance, and innovative learning solutions that evolve alongside the changing needs of today’s workforce.

About Clarity Consultants

Clarity Consultants helps Fortune 500 and other complex enterprises deliver high-quality learning through on-demand expertise, project-based solutions, and managed learning services. For more than 30 years, organizations have relied on Clarity for flexible access to skilled L&D professionals, dependable project execution, and structured support for ongoing learning programs. Our model provides the talent, processes, and responsiveness clients need — without the complexity of traditional outsourcing providers. We mobilize top-tier teams within days, delivering a 95% success rate and connecting learning investments directly to business value.

Learn more about how we can optimally serve your training resource needs – contact us at contact@clarityconsultants.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/clarity-consultants-appoints-heidi-milberg-as-executive-vice-president-of-growth-and-client-services-302844264.html

SOURCE Clarity Consultants

Technology

TEAMSTERS CALIFORNIA SUES DMV TO PROTECT PUBLIC FROM DRIVERLESS TRUCK DANGERS

Published

47 minutes ago

August 5, 2026

As Waymo Safety Concerns Mount, Lawsuit Contends DMV Decision Skirted the Law; Kept Public in the Dark about Economic, Jobs, and Safety Impact

OAKLAND, Calif., Aug. 5, 2026 /PRNewswire/ — Teamsters California sued the California Department of Motor Vehicles (DMV) today, asserting the agency circumvented laws requiring the agency to study and publicly disclose the economic impacts of allowing self-driving heavy-duty trucks on the state’s roads, thereby denying the public meaningful input on the decision.

The lawsuit also charges that the DMV failed to consider the safety risks to motorists sharing the road with self-driving trucks that are still being tested and have not been fully vetted. The suit, filed in Alameda Superior Court, contends the process by which the DMV implemented regulations authorizing the testing of self-driving heavy-duty trucks was so fundamentally flawed that the regulations must be repealed.

“Every day brings new evidence that Waymo robotaxis are putting public safety at risk, and those dangers scale up exponentially with trucks that are up to 16 times heavier and moving at highway speeds,” said Peter Finn, Co-Chair of Teamsters California. “Such a critical decision with life-and-death consequences must involve public input and transparency — that is why Teamsters California is taking the DMV to court and demanding California follow the law and thoroughly study the consequences of allowing 80,000-pound driverless vehicles on our roads before actually permitting them.”

In April 2026, the DMV enacted regulations for the first time that allow commercial trucks and other vehicles over 10,000 pounds to operate fully autonomously on public roads in California. To avoid a required study and public disclosure of the economic impacts of such a sweeping change, the DMV used a shortcut process meant for minor regulatory updates with less than $50 million in costs or benefits in the first year after implementation. According to the lawsuit, the DMV’s rushed process vastly underestimated the costs of deploying self-driving trucks, outrageously claiming not a single job would be eliminated by autonomous heavy vehicles.

“Teamsters California will keep fighting for public safety and good jobs on every front: in the courtroom, at the ballot box, and into the next administration,” said Victor Mineros, Co-Chair of Teamsters California. “California’s leaders must put communities’ needs —not corporate greed — front and center.”

The lawsuit comes amid mounting concern over the safety of driverless vehicles and calls for stricter regulation of robotaxis. A recent poll found four in five California voters support legislation requiring all self-driving trucks and delivery vehicles operating on California public roads and freeways to have a human safety operator present at all times. Gubernatorial candidate Xavier Becerra has committed to reversing the DMV’s heavy-duty autonomous vehicle rules if elected.

Self-driving trucks are an existential threat to the livelihoods of Teamsters members in California who deliver food and other essentials and are a crucial economic engine for the state.

The writ petition is here. Teamsters California is represented in the lawsuit by Bush Gottlieb.

Media Contact:
Alexandra Banash, (510) 418-2612
alexandra@teamjc7.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/teamsters-california-sues-dmv-to-protect-public-from-driverless-truck-dangers-302844270.html

SOURCE Teamsters California

Technology

360training Acquires Multiple Brands, Expanding Its Compliance Training Portfolio Across Healthcare, EHS, Food Safety, and Transportation

Published

47 minutes ago

August 5, 2026

AUSTIN, Texas, Aug. 5, 2026 /PRNewswire/ — 360training.com, Inc., recognized by Newsweek’s America’s Top Online Learning Providers list, today announced the acquisition of select assets from the San Antonio-based operators of seven specialized compliance training brands. The acquired portfolio spans mandatory training and certificate programs across healthcare, OSHA and workplace safety, food handling, forklift operations, hazardous materials, defensive driving, and transportation safety. This acquisition meaningfully broadens 360training’s multi-industry compliance footprint, adding established brands and a diverse learner base to its growing family of training providers supporting the United States and Canada.

These brands include:

American Health Training National OSHA Foundation National Food Handlers Foundation National Forklift Foundation National HAZWOPER Foundation Defensive Driving Foundation National Health Training

Each is purpose-built to serve professionals and employers navigating mandatory federal and state compliance requirements. Each brand delivers a focused, audience-specific training experience supported by proprietary course content. Together, these platforms serve individual learners, employers, and regulated industries requiring recurring training to satisfy federal OSHA standards, state health codes, DOT mandates, and sector-specific safety regulations.

“The depth and diversity of this portfolio is what makes this acquisition so strategically compelling,” said Tom Anderson, CEO of 360training. “From healthcare training to HAZWOPER compliance to food handler training, the experts behind these brands have built trusted, regulation-aligned brands that serve learners across the full spectrum of the workforce. Adding these platforms to our ecosystem strengthens our ability to serve both individual professionals and enterprise employers who need comprehensive, multi-disciplinary compliance solutions in one place.”

Expanding Across Regulated Industries with Complementary Depth
With over 4,000 courses already in its catalog, 360training adds 57 unique courses through this acquisition, deepening its breadth across compliance training verticals.

American Health Training delivers online BLS, ACLS, PALS, CPR, First Aid, and clinical certification programs required by healthcare employers, accreditation bodies, and federal law.National OSHA Foundation provides a comprehensive suite of OSHA-related workplace safety courses, including OSHA 10-Hour and 30-Hour Outreach training programs with official Department of Labor cards, serving industrial employers, contractors, and safety officers across regulated environments.National HAZWOPER Foundation addresses federally mandated hazardous materials training under 29 CFR 1910.120, with recurring renewal requirements that drive consistent learner re-engagement.National Food Handlers Foundation extends 360training’s Food & Alcohol compliance reach, offering food safety and alcohol training programs to hospitality employers and individual food service workers.National Forklift Foundation delivers OSHA-aligned forklift operator training programs supporting workforce safety and employer compliance across warehousing, logistics, and manufacturing.Defensive Driving Foundation offers state-recognized defensive driving and traffic safety programs that serve both fleet operators and individual drivers seeking court-ordered or employer-required training.National Health Training addresses expanded healthcare training needs across international markets, complementing 360training’s growing global compliance strategy.

Each brand operates in a regulatory environment defined by recurring renewal cycles, employer documentation mandates, and audit readiness requirements, characteristics that align closely with 360training’s long-standing compliance training philosophy and enterprise service model.

“What distinguishes this portfolio is that nearly every program carries a renewal requirement,” said Samantha Montalbano, COO of 360training. “That structure creates ongoing relationships with learners and employers, not one-time transactions. Integrating these brands into our compliance ecosystem allows us to support workers throughout the full lifecycle of their training obligation, delivering both initial training and recertification within a single, seamless platform.”

Enhancing the Customer Experience
With the addition of these seven brands, employers and individual learners gain access to a broader range of accredited training programs, all supported by 360training’s scalable learning platform, centralized compliance reporting tools, and enterprise-grade administrative infrastructure.

“Our customers, whether they’re a solo food handler or an HR director managing thousands of employees, deserve a training experience that is simple, credible, and built around their compliance requirements,” said Ryan Linders, CMO of 360training. “These brands have already earned the trust of learners in highly regulated fields. By connecting them to 360training’s platform, we’re delivering enhanced digital experiences, improved learner tracking, and a broader catalog of compliance solutions that serve learners wherever their obligations take them.”

About 360training
Established in 1997, 360training.com, Inc. is a trusted leader specializing in comprehensive online training solutions for individuals and businesses across various industries, including food and beverage, environmental health and safety, real estate, healthcare, financial services, and power and utilities. Having issued over 21 million training certificates to 12.5+ million learners across 17+ brands, 360training embraces innovative technology and a commitment to quality education to offer accredited courses, fostering safe and healthy communities. As part of this commitment, the company continues to seek acquisition opportunities that build synergies and enhance value for its customers.

360training’s family of brands include Learn2Serve, OSHAcampus, AgentCampus, OSHA.com, VanEd, AdvanceOnline, ACLS Medical Training, American Resuscitation Council, Canadian Food Safety/SafeCheck®, Compliance Training Online, Hard Hat Training, HIPAA Exams, Mortgage Educators and Compliance (MEC), My Mortgage Trainer, Ready Training Online (RTO®), TABC On The Fly, BASSET On The Fly, Certified On The Fly, TIPS, and UST Training. 360training is a portfolio company of GreyLion and Vestar Capital Partners.

Please visit www.360training.com or our social media accounts on Facebook and LinkedIn to learn more.

About American Health Training, National OSHA Foundation, and the Acquired Brands
Based in San Antonio, Texas, the portfolio includes industry-recognized brands such as American Health Training, National OSHA Foundation, and National Food Handlers Foundation, along with four additional specialized compliance training brands serving learners and employers across the United States. Together, the brands deliver regulatory-aligned certification programs in healthcare, workplace safety, food handling, hazardous materials, forklift operations, defensive driving, and international health training.

View original content to download multimedia:https://www.prnewswire.com/news-releases/360training-acquires-multiple-brands-expanding-its-compliance-training-portfolio-across-healthcare-ehs-food-safety-and-transportation-302844271.html

SOURCE 360training.com, Inc.