Business Context and Reporting Period
This Form 8-K is filed by Owl Rock Capital Corporation (noted in metadata as Blue Owl Capital Corp) for the reporting period ending September 24, 2018, covering an event that occurred on September 21, 2018. The filing addresses an unregistered sale of equity securities.
Key Financial Metrics
The filing details a capital raise event rather than operational financial performance.
- Equity Issuance: Approximately 9,803,922 shares of common stock.
- Aggregate Offering Price: $150 million.
- Par Value: $0.01 per share.
- Expected Closing Date: On or around October 4, 2018.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The material change reported is the delivery of a capital drawdown notice to investors. This action initiates the purchase of common stock under existing subscription agreements, requiring investors to fund drawdowns up to their capital commitments with a minimum of 10 business days' prior notice.
Guidance, Outlook, and Risks
The issuance of the common stock is exempt from registration requirements under Section 4(a)(2) of the Securities Act of 1933 and Regulation D. The filing does not contain management commentary on future guidance, operational outlook, or specific risk factors beyond the standard disclosure of the unregistered sale.
Investor Verification Checklist
- Confirm the final closing date of the $150 million capital drawdown (expected October 4, 2018).
- Verify the total number of shares issued upon closing against the approximate figure of 9,803,922.
- Review the company's updated capital structure and outstanding share count post-closing.
- Check subsequent filings for the actual cash proceeds received and their intended use.