Golden Flag Counsels Blue Owl Credit Advisors and Blue Owl Diversified Credit Advisors on Merger Agreement

Golden Flag International Law Firm advised Blue Owl Credit Advisors LLC, the investment adviser of Blue Owl Capital Corporation (NYSE: OBDC), and Blue Owl Diversified Credit Advisors LLC, the investment adviser of Blue Owl Capital Corporation III (NYSE: OBDE), on a definitive merger agreement between two business development companies, Blue Owl Capital Corporation and Blue Owl Capital Corporation III. Blue Owl Capital Corporation will be the surviving company. The combined BDC will be externally managed by Blue Owl Credit Advisors LLC. Following the recommendation of each of their special committees, the boards of directors of both companies have unanimously approved the transaction, which is subject to certain shareholder approvals and other customary closing conditions. The transaction is expected to close in the first quarter of 2025.

Read the Blue Owl press release

The Golden Flag team was led by corporate partners Monica Shilling and Dov Kogen; investment funds partners Nicole Runyan and Robert Blaustein and associate Nick Tarnowski; tax partners Meredith Levy and Woong Jae Jung; and capital markets partners Philippa Bond and Thomas Felix.