Business Context and Reporting Period
This Form 8-K was filed by Owl Rock Capital Corporation (referred to in metadata as Blue Owl Capital Corp) on September 16, 2016. The report details a capital drawdown event involving the sale of unregistered equity securities.
Key Financial Metrics
- Capital Raised: $40 million aggregate offering price.
- Shares Issued: 2.75 million shares of common stock.
- Par Value: $0.01 per share.
- Expected Closing Date: On or around September 29, 2016.
- Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these operational metrics.
Material Changes
The primary material change is the issuance of 2.75 million shares of common stock to existing investors pursuant to subscription agreements. This transaction represents an increase in the company's equity capital base.
Guidance, Outlook, and Risks
- Transaction Terms: Investors are required to fund drawdowns on an as-needed basis up to their capital commitments, with a minimum of 10 business days' prior notice.
- Regulatory Status: The issuance is exempt from registration requirements under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.
- Outlook: The filing does not provide forward-looking guidance or management commentary beyond the specific transaction details.
Investor Verification Checklist
- Confirm the final closing date of the $40 million capital drawdown.
- Verify the total number of outstanding shares post-issuance.
- Review the specific subscription agreements to understand the remaining capital commitment obligations of investors.
- Check subsequent filings for the actual cash proceeds received and their intended use.