Special Meeting

Proxy materials in connection with OBDC’s proposed merger with OBDE were recently filed with the SEC. Your support for this transaction will provide meaningful benefits for OBDC shareholders, and these benefits are highlighted in the press release announcing the transaction here.

If you are an investor in OBDC, your participation in this Special Meeting is extremely important. You can vote by going to www.proxyvote.com or by calling 1-800-690-6903 and providing the control number which is listed in the email or proxy card you received.1

Please click the link below to read the joint prospectus/proxy statement for this meeting.

OBDC Joint Prospectus / Proxy Statement

Vote Here at ProxyVote.com

1 You must be a shareholder of record as of the close of business on October 18, 2024 to vote. The meeting is scheduled for January 8, 2025.

Portfolio overview

Our portfolio

We are focused on upper middle-market companies and conservative credit metrics.

As of September 30, 2024 • Q3'24 10-Q

$875M Weighted average portfolio company revenue

$197M Weighted average portfolio company EBITDA

1.7x Weighted average portfolio company interest coverage

43% Weighted average loan-to-value

We are focused on the top of the capital structure.

Our portfolio by asset type

Almost all of our debt investments are floating rate.

Debt investment interest rate type

Our portfolio is well diversified across industry and geography.

Our portfolio by industry

Our portfolio by geography

As of September 30, 2024 • Q3'24 10-Q

All data as of 9/30/24. Borrower financials are derived from the most recently available portfolio company financial statements, have not been independently verified by Blue Owl's Credit platform, and may reflect a normalized or adjusted amount. Accordingly, Blue Owl's Credit platform makes no representation or warranty in respect of this information. This represents 90.1% of our total debt portfolio based on fair value and excludes certain investments that fall outside of our typical borrower profile. Diversification will not guarantee profitability or protection against loss.