Pimco Purchases $400 Million in Bonds from Blue Owl BDC
Pimco has acquired all $400 million of bonds issued by Blue Owl Capital Inc.'s private credit fund, signaling confidence in the struggling private credit sector. The purchase occurred amid a selloff in similar bonds, with spreads reaching multiyear highs due to concerns over lending standards and AI-related risks. The bonds were issued at a relatively high yield compared to existing debt.
Topics: Blue Owl BDC Bonds Morgan Stanley Pimco Private Credit