Business Context and Reporting Period
This Form 8-K is filed by Owl Rock Capital Corporation (not Blue Owl Capital Corp) for the event date of July 24, 2018. The report details an unregistered sale of equity securities pursuant to Item 3.02.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to the specific equity transaction:
- Shares Sold: Approximately 9,752,926 shares of common stock.
- Aggregate Offering Price: $150 million.
- Par Value: $0.01 per share.
Material Changes
The material change reported is the issuance of new equity. The Company delivered a capital drawdown notice to investors on July 24, 2018, requiring them to fund the purchase of shares up to their capital commitments. The transaction is expected to close on or around August 6, 2018.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on operations, or specific risk factors beyond the standard disclosure that the issuance is exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D. The transaction relies on subscription agreements requiring a minimum of 10 business days' prior notice for drawdowns.
Investor Verification Checklist
- Verify the closing date of the $150 million equity offering (expected August 6, 2018).
- Confirm the total number of shares outstanding post-transaction.
- Review the specific subscription agreements to understand investor capital commitment obligations.
- Check subsequent filings for the actual closing of the transaction and any changes to the offering price or share count.