Business Context and Reporting Period
This Form 8-K filing by Owl Rock Capital Corporation (now Blue Owl Capital Corp) reports a corporate event occurring on June 29, 2016, with the report filed on June 30, 2016. The filing details an unregistered sale of equity securities.
Key Financial Metrics
- Capital Raised: $75,000,000 aggregate offering price.
- Shares Issued: 5,244,760 shares of common stock.
- Par Value: $0.01 per share.
- Transaction Type: Unregistered sale pursuant to subscription agreements.
Material Changes
The filing discloses a material increase in outstanding common stock and equity capital resulting from the June 29, 2016 transaction. The filing text does not provide comparative financial data, revenue, profit, or debt metrics for this specific event.
Guidance, Outlook, and Risks
The 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 issuance was exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D. The filing does not contain forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard regulatory exemptions.
Investor Verification Checklist
- Verify the total number of outstanding shares post-transaction to assess dilution impact.
- Confirm the identity of the investors participating in the subscription agreements.
- Review the company's latest 10-K or 10-Q for comprehensive liquidity and debt positions not detailed in this 8-K.
- Check subsequent filings for the actual drawdown schedule and utilization of the committed capital.