Blue Owl Cuts Loparex Loan Marks to Reflect Loan Breakdown
Loparex loans held in Blue Owl’s retail private credit fund have been marked down sharply after the deal broke down. A first-lien loan carried near par at year-end is now valued at 22 cents, after OBDC placed Loparex on non-accrual following the second quarter. Loparex missed its June interest payment and operated under forbearance through September.