Blue Owl Capital Inc. OWL

Oracle reaffirmed a 2.4 GW Bloom Energy fuel-cell contract but issued a force majeure notice tied to Project Jupiter in Dona Ana County, NM, signaling real schedule risk. Oracle could defer payments if the campus misses targets, even as Oracle, STACK Infrastructure (Blue Owl Capital), and Bloom Energy say the deal remains intact and on the planned timeline. Pending permits for a natural gas pipeline and an air-quality permit for the site keep the project’s schedule uncertain. Bloom Energy stock rose about 8%, Oracle stock fell, and sentiment tied mainly to the contract rather than broader markets. The core risk remains regulatory approvals and permitting rather than the contract’s survival, with Blue Owl noting obligations are unchanged while regulatory milestones could reframe the timeline and returns. Force majeure signals real schedule risk but deal remains intact, keeping Blue Owl's exposure contingent on regulatory permits and timing.

Oracle invoked a force majeure clause on its 1,400-acre Project Jupiter data-center campus in New Mexico, delaying certain payments tied to meeting a 2028 operational target as power and infrastructure issues linger. The move, part of Oracle's deal to provide AI computing capacity to OpenAI and support Stargate, allows flexibility without terminating the lease from Blue Owl Capital, the project developer. Oracle says construction remains on track, and Blue Owl says obligations and funding commitments stay intact. The force majeure highlights the challenges of expanding AI data-center capacity, including securing electricity, regulatory hurdles tied to a proposed natural gas pipeline, and lawsuits over water and air permits. Despite about $18 billion in banking backing, investors focused on execution risks and costs for AI infrastructure, contributing to Oracle's 3.5% drop and continued stock weakness versus peers like ADBE and SAP. Force majeure and project delays elevate execution risk and could affect Blue Owl's cash flow and project-related fees.

Oracle reaffirmed its contract to supply up to 2.4 GW of Bloom Energy fuel cells for Project Jupiter, a STACK Infrastructure development in New Mexico intended to power OpenAI workloads. A force majeure notice from Oracle to the project’s developer could defer certain payments if milestones slip, though Oracle says the NM campus remains on schedule and Bloom remains committed to the contract. Blue Owl Capital’s STACK unit says the notice does not change the financial commitments. The project’s infrastructure still faces regulatory and construction hurdles, including a gas pipeline permitting setback, which has pushed the expected on-site date to February 2027 and left an air-quality permit pending. Bloom Energy stock has been volatile in September, with concerns over Jupiter outweighing near-term gains; retail sentiment on Stocktwits has turned bearish despite a months-long rally. Force majeure-related payment deferrals and project delays tied to Jupiter introduce uncertainty around STACK's revenue and timelines, potentially weighing on Blue Owl's project execution risk and investor sentiment.

Oracle shares fell about 3–4% after reports that it sent a force majeure notice to the developer of its New Mexico data-center project, Project Jupiter, to safeguard against higher costs and to delay payments if the facility misses its 2028 online target. The developer is a unit of Blue Owl Capital, whose stock also moved lower in response. The New Mexico site is a core part of Oracle's Stargate AI infrastructure but has faced regulatory hurdles, local opposition ahead of midterms, and environmental concerns; the Financial Times noted about $18 billion of debt tied to the project trading at stressed levels. Oracle insisted Jupiter remains on schedule and would not affect its fiscal 2027 revenue or earnings guidance. The move underscores ongoing volatility around AI infrastructure bets, though Oracle framed it as not altering its overall guidance. Force majeure delays risk squeezing Blue Owl's cash flows and debt metrics tied to a high-profile AI data-center project.

Oracle has issued a force majeure notice to the Jupiter data-center developer—a Blue Owl Capital subsidiary—citing a delay in a critical natural gas pipeline that could push the campus launch to 2028. Oracle seeks to suspend rent if Jupiter isn’t delivered on schedule; the developer must certify a qualifying event, and Oracle would still owe fees. Oracle says Jupiter remains on plan, but investors face mounting risk: about $18 billion in Jupiter financing and $288 billion in data-center lease commitments are stressed, with lenders valuing the debt at 89–91 cents on the dollar. Local opposition in Albuquerque (65% opposed) and regulators blocking gas delivery add to the uncertainty. Oracle’s OCI cloud revenue rose 121% to $7.4 billion, yet free cash flow was negative and debt sits near $125 billion, highlighting risk in the AI-data-center push. Blue Owl’s exposure is a focal point. Jupiter's delay risk and stressed financing could depress Blue Owl's earnings and increase project-related risk.

Oracle flagged a force majeure notice over Project Jupiter, a massive data-center campus developed by Stack Infrastructure, a Blue Owl Capital portfolio company, raising execution risk around a key AI infrastructure buildout. Oracle, the main tenant, may seek payment deferrals if the 2.45 gigawatt facility misses its 2028 opening. The move underscores how delays in multibillion-dollar facilities ripple through tenants, lenders and suppliers, and comes as about 20 banks provided an $18 billion loan for the project. Blue Owl's stake in Stack ties the outcome to its financing and asset quality. Market reaction was swift: Oracle and Blue Owl slid around 4% in premarket trading, with related partners like Bloom Energy and SoftBank also down. If delays persist, knock-on effects could affect Stargate-linked projects, financing costs and capital commitments. Delays could raise financing costs and trigger obligations across a $18 billion loan syndicate tied to Stack Infrastructure, creating material risk for Blue Owl's portfolio and investor sentiment.

Oracle issued a force majeure notice for its 2.45-gigawatt Project Jupiter in Doña Ana County, NM, tied to the Stargate OpenAI and SoftBank venture with OpenAI as the customer. The notice, directed at project developer Blue Owl Capital (OWL), aims to delay payments if the project does not come online in 2028. Oracle argues force majeure is common in large developments and does not itself signal a delay, reaffirming commitment to New Mexico. The development unsettled AI equities, with Oracle stock dropping about 4% and peers like Nvidia, AMD, and Micron retreating on funding/export concerns. Analysts note Oracle’s tenuous cash position and the potential mismatch between payment timing and real-world project timelines, raising questions about OWL’s exposure and financing risk. Force majeure payment delays on a major AI data-center project could materially affect OWL’s cash flows and financing risk, signaling considerable potential impact on its trajectory.

Oracle sent a force‑majeure notice to Blue Owl Capital over the New Mexico portion of the Stargate campus loan, signaling contractual rights rather than cancellation. Oracle says the project remains on schedule, but the notice highlights obligations tied to the New Mexico site where water, power, and air permits are unresolved. Blue Owl had just led a $2.4 billion AI factory financing for IREN, as private-credit defaults rise to a record 6.3%. Market reaction hit Blue Owl, with its stock around $9.20 and down roughly 46–47% in the last year; Oracle fell about 5%. An 8‑K detailing Blue Owl’s exposure is expected, and a break below $9 could signal a negative verdict. The story underscores risk in AI infrastructure lending and the potential project-level permitting to shape lenders’ portfolios. Force majeure on a flagship loan introduces material risk to OWL’s credit book and investor sentiment, potentially altering its trajectory.

Oracle invoked a force-majeure clause related to Project Jupiter, its $165 billion AI data center project in New Mexico developed by a unit of Blue Owl Capital, to defer payments if the project is delayed beyond a planned 2028 start. Oracle says it is not exiting the project. Jupiter has faced regulatory and community opposition over water use, power infrastructure, and potential air emissions; permitting hurdles persist after the New Mexico Supreme Court paused and then lifted certain proceedings, while a hearing officer was recused. The company switched from a planned natural-gas plant to Bloom Energy fuel cells and is seeking 2 gigawatts of renewable capacity in NM. Oracle shares fell up to 7% in morning trading and sentiment around the stock turned bearish; the move provides protection against costs if delays occur, not a withdrawal. Force-majeure defers payments on Jupiter, potentially delaying Blue Owl's revenue from a flagship asset and heightening project risk.

Oracle sent Project Jupiter’s developer, a Blue Owl Capital-controlled entity, a force majeure notice seeking payment relief if the New Mexico data center misses its 2028 opening. Oracle remains the project’s main tenant and is not seeking to exit. Project Jupiter spans about 1,400 acres in Doña Ana County and is part of the Stargate AI infrastructure initiative. Financing for the Oracle-leased campus has been valued by syndicate banks at roughly $18 billion, trading at about 89 to 91 cents on the dollar as of prior reports, with the first phase at least seven months behind schedule. New Mexico regulators have resumed permitting for power-system plans that include Bloom Energy fuel cells replacing earlier gas turbines, but a pipeline across state land lacks approval and may push service to 2027. Oracle said it will comply with environmental and regulatory requirements and maintain transparency. Force majeure relief and financing distress on a Blue Owl-controlled developer could materially affect project economics and OWL's investment exposure.

Oracle Corp. (ORCL) fell about 4.2% in premarket trading after Bloomberg reported Oracle sent a force majeure notice to the developer of Project Jupiter, a massive data-center project in New Mexico. The developer is a unit of Blue Owl Capital (OWL). The project has faced local opposition and regulatory setbacks. Oracle says it plans to remain the main tenant but may defer payments if the project is derailed or fails to come online in 2028, shifting risk partially onto Blue Owl. Force majeure typically frees parties from contractual obligations when events are beyond control. The notice suggests Oracle sees real risk of delays, and the move could alter financing terms and risk allocation for the project and its backers. Force majeure move indicates material risk shifting and potential cash-flow implications for Blue Owl from a flagship project, affecting financials and investor sentiment.

Oracle Corp. has invoked force majeure on its New Mexico data center project, aiming to pause payments to Stack Infrastructure, Blue Owl Capital’s unit, if the 2028 opening slips. Bloomberg details the maneuver amid opposition and regulatory bumps as 'Project Jupiter' confronts resource and permitting hurdles in the Stargate AI build-out. Oracle says the project remains on schedule, but lenders and investors worry about viability. The setback reverberates through partners: Oracle stock ~4% lower, Blue Owl ~4% lower, Bloom Energy ~6% lower due to reliance on fuel cells needing a steady gas supply. The 2.45 GW campus would power roughly 1.8 million homes, relying on a 17-mile Green Chile pipeline delayed from Aug 2026 to Feb 2027 after denied rights-of-way. State land office and environmental groups cite climate and resource concerns. The force majeure underscores headwinds to AI infrastructure expansion, with potential effects on lenders and broader AI build-out. Force majeure introduces payment risk for Stack Infrastructure and could heighten Blue Owl's financing concerns and investor sentiment.

Blue Owl Capital (OWL) faces a potential wipeout of its junior Loparex loan amid a restructuring, while Blue Owl Credit Income Corp. pursues new financing, including a US$1.3 billion funding move. The stock trades around $9.60, with a 1-day drop of 2.83% and a steep 30-day decline, but a 90-day gain and a harsh year-to-date fall. Investors weigh Loparex risk against growth in permanent capital vehicles, private credit, real assets and evergreen funds that could support recurring fees and margin expansion. About 59 investors see it as 25% undervalued, with a fair value near $12.74, though the stock’s P/E (~81x) far exceeds peers and fair value benchmarks. Risks include potential missteps on acquisitions or fundraising and sensitivity of core private credit and real estate exposures. Loparex loan risk and financing actions could materially alter OWL's balance sheet, earnings trajectory, and investor sentiment.

BlackRock-backed Artificial Intelligence Infrastructure Partnership and IFM Investors are in exclusive talks to buy Stack Infrastructure's Asia-Pacific data-center portfolio from Blue Owl Capital for up to $25 billion, Bloomberg News reported. Due diligence is underway as the group seeks a deal with Stack owner Blue Owl; a final agreement could extend or fail, and Stack's APAC facilities include Tokyo, Osaka, Sydney and Melbourne. Initial market chatter in May pegged Stack's Asia operations at a valuation above $30 billion. The deal underscores a surge of investor capital into data centers driven by demand for cloud computing, AI and digital services. AIP was launched in 2024 to invest more than $30 billion in AI-related infrastructure, with Nvidia, Microsoft, xAI and MGX among its backers. The next catalyst is the due-diligence outcome and the valuation ultimately placed on Stack's APAC assets. A potential $25B sale of Stack's APAC portfolio could deliver a major liquidity event for Blue Owl and reshape valuation and sentiment if completed.

Oracle Corp. sent a force majeure notice to Stack Infrastructure, the developer of Project Jupiter, the Doña Ana County data center where Oracle is set to be the largest tenant. The move could be used to delay payments if the project falters, though Oracle says the project remains on track and is fully committed to New Mexico. Stack Infrastructure, a Blue Owl Capital portfolio company, did not comment. Oracle described force majeure as preserving contractual rights and not, by itself, signaling delays. Bloomberg cited unnamed sources suggesting the notice is meant to slow payments should the project be derailed. Regulators have created uncertainty in New Mexico; the state Supreme Court recently lifted stays on an air-quality permit and a water-use restriction. Oracle says construction is progressing, with more than 900 workers active in August and 3,600+ total on site. Force majeure could affect payments to Stack Infrastructure and spark valuation concerns for Blue Owl's portfolio, with potential negative implications for OWL's earnings and valuation.

Oracle shares fell more than 6% after Bloomberg reported it sent a force majeure notice to the New Mexico data center project, Project Jupiter, to delay payments if it does not come online in 2028. The project, developed by a unit of Blue Owl Capital and linked to the Stargate AI infrastructure with OpenAI and SoftBank, has faced regulatory hurdles and local opposition over water use, air quality and community impact in Doña Ana County. Oracle says it remains the main tenant but seeks to defer payments if operations are delayed. A force majeure provision could cover obligations affected by events beyond control, though it remains unclear whether it can excuse previously agreed financial commitments. The situation highlights regulatory and community risks that could affect timelines, costs and cash flow for the project and its financiers, with investors awaiting further updates. Force majeure-related payment delays and regulatory risk could influence Blue Owl-backed project economics and cash flows in the near term.

Oracle invoked a force majeure on Project Jupiter, the New Mexico AI data center developed by a unit of Blue Owl Capital, potentially delaying payments if the campus misses its 2028 online target. Oracle stock fell about 4%. The notice was sent to Blue Owl; the company said it does not change its financial commitments to the multi-year project. Project Jupiter is part of Oracle’s Stargate AI buildout and has faced community pushback and environmental concerns alongside an $18 billion debt load that is trading at stressed levels. Oracle disclosed rising capital spending, with quarterly capex at $28.5 billion, negative free cash flow of $5.4 billion, and a plan to raise roughly $40 billion this year via debt and equity. The restructuring program’s estimated total cost is now about $2.8 billion, with about $2.1 billion already charged, while quarterly revenue rose to $19.3 billion. Force majeure introduces potential payment timing risk on a major project; Blue Owl says commitments remain unchanged.

Oracle declared force majeure on its $165 billion Project Jupiter data center after a key energy permit was denied, signaling financing distress as project debt traded below par and a 2028 online target now appears at risk. The notice would allow deferment of payments if Jupiter misses milestones, though management says FY27 revenue and earnings guidance remain intact. Shares slipped in premarket trading. Distress rippled through partners: Bloom Energy surged about 230% YoY, while Blue Owl Capital fell about 46% over the same period. Oracle reports $664 billion in remaining performance obligations yet burned about $23.7 billion in free cash flow last fiscal year, having tapped a $20 billion ATM to fund the buildout. If Jupiter's issues spread, RPO could become theoretical, fueling investor caution. Jupiter-related distress introduces material financing and partnership risk that could influence Blue Owl and related credit exposures.

Oracle issued a force majeure notice to Project Jupiter’s developer, a unit of Blue Owl Capital, over delays at a New Mexico data center project. The force majeure claim signals events beyond the developer’s control are affecting project timing and cost allocations, potentially shifting risk to sponsors and investors tied to Project Jupiter. Because the developer is part of Blue Owl’s portfolio, the setback could pressure near-term milestones, cash flow, and reported NAV depending on contract terms and financing structure. No magnitude or duration details were disclosed. Market participants will monitor whether the force majeure affects repayment obligations, off-take arrangements, or refinancing needs, and how it may influence Blue Owl’s portfolio performance and investor sentiment in the near term. Near-term cash flow and NAV could be modestly affected by a single project delay, while overall portfolio exposure suggests limited long-term impact.

Oracle (ORCL) stock fell about 4% after notifying the project’s developer, a unit of Blue Owl Capital (OWL), that it is invoking a force majeure clause to limit its financial exposure to the Jupiter data-center in New Mexico. Jupiter, billed as a cornerstone of Oracle’s AI-infrastructure push with OpenAI and SoftBank, faces regulatory setbacks and public opposition, including a permit denial. The NM campus would be one of the largest AI data centers, designed to draw roughly 2.45 gigawatts of power. Blue Owl’s shares also slid more than 1% as investors weighed possible delays and cost risks tied to the project’s stalled trajectory. Jupiter-related regulatory hurdles and Oracle's cost-shielding could stress OWL's project economics and investor sentiment, but impact is limited to this single venture rather than company-wide fundamentals.

Oracle (ORCL) stock fell about 4% after it notified the Jupiter data-center developer (a unit of Blue Owl Capital, OWL) that it is invoking force majeure to limit exposure to the project’s costs. OWL shares declined over 1% in morning trading. Project Jupiter, a flagship AI infrastructure venture with OpenAI and SoftBank, would be powered by roughly 2.45 gigawatts. The project has faced regulatory setbacks, including a key permit denial, amid public backlash over power use and local impact from massive data centers. The setbacks illustrate policy risk in large-scale AI infrastructure and could affect Blue Owl’s financing and deal flow around such ventures. Regulatory headwinds and force majeure exposure could moderately affect Blue Owl's financing prospects and project risk, with limited upside and ongoing uncertainty.

Oracle cites force majeure to shield itself from payments on Project Jupiter, a New Mexico data-center campus developed by Stack Infrastructure, a unit of Blue Owl Capital. The move could delay payments if construction stalls or online date slips beyond 2028, though it may not fully absolve Oracle of obligations. Lenders have already funded roughly $18 billion for the project, and debt trading below par signals stress. The campus faces regulatory setbacks, permit denials, and opposition tied to the AI data-center boom, intensifying political scrutiny ahead of elections. Force majeure clauses are becoming more common in data-center deals; OpenAI and Oracle previously linked to the project as part of a broader AI infrastructure push. Force majeure could stress project financing and increase borrower risk, potentially impacting Blue Owl's equity stake and future funding prospects.

Market chatter suggests Blue Owl Capital's junior loan to Loparex could be wiped out in a restructuring with Monarch. Updates include a Blue Owl statement addressing the matter. Potential loss of a junior loan could materially affect Blue Owl's credit exposure and investor sentiment.

Blue Owl Capital's exposure to Loparex as a junior lender could face a full write-off in a potential restructuring with Monarch Alternative Capital. If Loparex's creditors accept a reorganization that strips value from equity and junior debt, Blue Owl's investment would likely be wiped out, hurting its credit portfolio and near-term earnings. The deal contours suggest risk to mezzanine or junior lenders more than senior creditors, highlighting ongoing distress in Loparex and wider financing-market volatility. Investors should monitor any settlement terms, protections, and impact on Blue Owl's remaining leverage and capital strategy. Potential wipeout of Blue Owl's junior loan would materially hurt its credit portfolio and earnings trajectory.

Blue Owl Credit Income Corp. completed an upsize, amendment and extension of its senior secured revolving credit facility, increasing capacity to $4.2 billion from $3.9 billion and extending maturity to September 2031, while reducing borrowings pricing to SOFR +1.650% to +1.775% (vs SOFR +1.875%). It also completed a $1.0 billion notes offering—$700 million of 6.250% notes due 2029 and $300 million of 6.550% notes due 2031, with the 2031 notes added to an existing $500 million tranche for a total of $800 million. Proceeds were used to repay debt and optimize the liability structure. Combined with prior activity since June 30, 2026, these transactions total about $1.3 billion of new debt and strengthen OCIC's liquidity and flexibility in a favorable lending environment. OCIC had 345 portfolio companies valued at $35.7 billion as of June 30, 2026. Extends liquidity, lowers funding costs, and broadens capacity, improving financial flexibility.

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