Business Context and Reporting Period
This Form 8-K filing by Owl Rock Capital Corporation (referred to in metadata as Blue Owl Capital Corp) covers a capital event occurring on December 13, 2016, with the report filed on December 15, 2016. The company is incorporated in Maryland and maintains its principal executive offices in New York, New York.
Key Financial Metrics
The filing details a specific equity transaction rather than periodic financial performance metrics such as revenue or operating margins.
- Equity Issuance: Approximately 13.48 million shares of common stock.
- Aggregate Offering Price: $200 million.
- Par Value: $0.01 per share.
- Expected Closing Date: On or around December 27, 2016.
The filing text does not provide clear values for revenue, profit, cash flow, debt levels, or liquidity ratios.
Material Changes
The primary material change is the unregistered sale of equity securities pursuant to subscription agreements. Investors are required to fund drawdowns on an as-needed basis with a minimum of 10 business days' prior notice. The issuance is exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure regarding the exemption from registration requirements. No unusual items or contingencies were disclosed in this specific report.
Investor Verification Checklist
- Confirm the final closing date of the $200 million capital drawdown (expected December 27, 2016).
- Verify the total number of shares issued and the final share count post-closing.
- Review the subscription agreements to understand the specific capital commitment obligations of investors.
- Check subsequent filings for the impact of this capital raise on the company's balance sheet and liquidity.