Business Context and Reporting Period
This Form 8-K filing by Owl Rock Capital Corporation (referred to as Blue Owl Capital Corp in metadata) reports a significant capital event. The report date is June 15, 2016, covering an event that occurred on June 10, 2016.
Key Financial Metrics
- Capital Raised: $300,000,000 aggregate offering price.
- Shares Issued: 20,979,021 shares of common stock.
- Par Value: $0.01 per share.
- Transaction Type: Unregistered sale of equity securities pursuant to subscription agreements.
Material Changes
The primary material change is the issuance of approximately 21 million shares of common stock to investors. This transaction was executed under subscription agreements requiring investors to fund drawdowns on an as-needed basis with a minimum of 10 business days' prior notice. The filing does not provide comparative financial data (revenue, profit, or cash flow) for prior periods as this is a current report of a specific transaction rather than a periodic financial statement.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard disclosure of the transaction mechanics. The issuance was exempt from registration requirements under Section 4(2) of the Securities Act of 1933 and Regulation D.
Investor Verification Checklist
- Verify the exact number of shares issued (20,979,021) and the total capital raised ($300 million).
- Confirm the terms of the subscription agreements regarding the 10-business-day notice period for future drawdowns.
- Review the company's updated capitalization table to assess dilution impact.
- Check subsequent filings for the utilization of the raised capital.