Blue Owl Capital Corporation (OBDC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the Blue Owl Capital Corporation's fourth quarter and full year 2025 earnings call. As a reminder, this call is being recorded. At this time, I'd like to turn the call over to Mike Mastichio, head of BDC Investor Relations. Mike, please go ahead. Thank you, Operator, and welcome to Blue Owl Capital Corporation's fourth quarter and full year 2025 earnings conference call. Yesterday, OBDC issued its earnings release and posted an earnings presentation for the fourth quarter and full year ended December 31st, 2025. These should be reviewed in connection with the company's 10-K filed yesterday with the SEC. All materials referenced during today's call, including the press release, presentation, and 10-K, are available on the news and events section of the company's website at blueowlcapitalcorporation.com. Joining us on the call today are Craig Packer, Chief Executive Officer, Logan Nicholson, President, and Jonathan Lamb, Chief Financial Officer. I'd like to remind listeners that remarks made during today's call may contain forward-looking statements which are not guarantees of future performance or results and involve a number of risks and uncertainties that are outside of the company's control. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described in OBDC's filings with the SEC. The company assumes no obligation to update any forward-looking statements. We'd also like to remind everyone that we'll refer to non-GAAP measures on the call, which are reconciled to GAAP figures in our earnings presentation available on the Events in a Presentation section of our website. Certain information discussed on this call and in the company's earnings materia...