Business Context and Reporting Period
This Form 8-K is filed by Owl Rock Capital Corporation (not Blue Owl Capital Corp) for the reporting period of September 19, 2017, covering an event that occurred on September 15, 2017. The filing addresses an unregistered sale of equity securities.
Key Financial Metrics
The filing details a capital raise rather than operational performance metrics. Key figures include:
- Capital Raised: $150 million aggregate offering price.
- Shares Issued: Approximately 9,842,519.80 shares of common stock.
- Par Value: $0.01 per share.
- Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these operational metrics.
Material Changes
The material change reported is the issuance of new equity. The Company delivered a capital drawdown notice to investors to purchase shares up to their respective capital commitments. This transaction is exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.
Guidance, Outlook, and Risks
Transaction Status: The sale is expected to close on or around September 28, 2017.
Terms: Investors are required to fund drawdowns on an as-needed basis with a minimum of 10 business days' prior notice.
Risks/Contingencies: The filing does not explicitly list new risks or contingencies beyond the standard terms of the subscription agreements.
Investor Verification Checklist
- Verify the closing date of the $150 million capital raise (expected September 28, 2017).
- Confirm the total number of shares outstanding post-issuance.
- Review the specific subscription agreements to understand investor capital commitment obligations.
- Note the registrant name is Owl Rock Capital Corporation, distinct from Blue Owl Capital Corp.