Business Context and Reporting Period
This Form 8-K is filed by Owl Rock Capital Corporation (not Blue Owl Capital Corp) for the period from April 1, 2017, through June 16, 2017. The report details loan origination and funding activities under Item 8.01 (Other Events).
Key Financial Metrics
- Total Originated Principal: $980.4 million
- Principal Retained on Balance Sheet: $733.9 million (prior to exits/repayments)
- Total Principal Funded: $680.7 million
- New Investment Commitments Funded: $629.7 million
The filing does not provide data on revenue, profit, cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes and Portfolio Activity
The filing highlights significant deployment of capital into new portfolio companies. The $629.7 million in new investment commitments was distributed across ten companies in various sectors including real estate, consumer products, software, healthcare, and manufacturing. Loan structures included both first and second lien senior secured facilities with interest rates ranging from LIBOR + 5.00% to LIBOR + 8.00%.
| Company | Industry | Facility Type | Funded Amount ($000s) |
|---|---|---|---|
| DTZ U.S. Borrower, LLC | Buildings and real estate | Second lien senior secured | $125,000 |
| Feradyne Outdoors, LLC | Consumer products | First lien senior secured | $115,500 |
| Dominion Web Solutions, LLC | Internet software and services | First lien senior secured | $108,837 |
| Geodigm Corporation | Healthcare equipment and services | First lien senior secured | $70,113 |
| CIBT Global, Inc | Business services | Second lien senior secured | $49,000 |
| SABA Software, Inc. | Human resource support services | First lien senior secured | $45,050 |
| Pexco LLC | Manufacturing | Second lien senior secured | $37,000 |
| Dade Paper & Bag, LLC | Distribution | First lien senior secured | $33,500 |
| PetVet Care Centers, LLC | Healthcare equipment and services | First lien senior secured | $31,360 |
| Blount International Inc. | Manufacturing | First lien senior secured | $14,388 |
| Total | $629,748 |
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies beyond the disclosure of loan terms. No unusual items were reported.
Investor Verification Checklist
- Verify the distinction between Owl Rock Capital Corporation (the registrant) and Blue Owl Capital Corp (the user-provided name).
- Confirm the retention rate of originated loans ($733.9M retained vs. $980.4M originated).
- Review the credit quality and covenants of the specific borrowers listed, particularly the largest exposure (DTZ U.S. Borrower, LLC at $125M).
- Assess the impact of the $680.7M funding on the company's overall liquidity position, as this filing does not disclose cash balances.