v3.25.1
DEBT OBLIGATIONS, NET
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
DEBT OBLIGATIONS, NET
7. DEBT OBLIGATIONS, NET
The following tables summarize outstanding debt obligations of the Company:
 March 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 $— $58,882 
2031 Notes6/10/2031700,000 700,000 — 689,522 
2032 Notes2/15/2032400,000 400,000 — 393,581 
2034 Notes4/18/20341,000,000 1,000,000 — 979,798 
2051 Notes10/7/2051350,000 350,000 — 338,420 
Revolving Credit Facility7/23/20291,725,000 730,000 984,621 730,000 
Total$4,234,800 $3,239,800 $984,621 $3,190,203 
 December 31, 2024
(dollars in thousands)
Maturity
Date
Aggregate
Facility
Size
Outstanding
Debt  
Amount Available
Net Carrying Value
2028 Notes5/26/2028$59,800 $59,800 $— $58,495 
2031 Notes6/10/2031700,000 700,000 — 689,097 
2032 Notes2/15/2032400,000 400,000 — 393,346 
2034 Notes4/18/20341,000,000 1,000,000 979,247 
2051 Notes10/7/2051350,000 350,000 — 338,311 
Revolving Credit Facility7/23/20291,725,000 130,000 1,585,621 130,000 
Total $4,234,800 $2,639,800 $1,585,621 $2,588,496 
Revolving Credit Facility
The Company, through its indirect subsidiary, Blue Owl Finance LLC, maintains a revolving credit facility (the “Revolving Credit Facility”), with a borrowing capacity of $1.7 billion that matures on July 23, 2029. 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 (a) per annum of adjusted-term secured overnight financing rate (“SOFR”) plus a margin of 0.875% to 1.375%, plus 0.1% term SOFR adjustment, or (b) the greater of the (i) prime rate, (ii) New York Fed Bank Rate plus 0.50% or (iii) adjusted-term SOFR plus 1%, plus a margin of 0.00% to 0.375%. The Company is subject to an undrawn commitment fee rate of 0.08% to 0.2% of the daily amount of available revolving commitment. The borrowing rates for balances outstanding under the Revolving Credit Facility as of March 31, 2025 and December 31, 2024 were 5.67% and 5.72%, respectively.
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.