Business Context and Reporting Period
This Form 8-K was filed by Owl Rock Capital Corporation (ORCC) on June 2, 2020. The report details a corporate event involving ORCC Financing LLC, a special purpose subsidiary of the Company.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, or liquidity figures. The primary financial action reported is the full repayment of all outstanding loans under the Revolving Credit Facility in connection with its termination.
Material Changes
- Termination of Agreement: On June 2, 2020, ORCC Financing LLC terminated the Loan and Servicing Agreement (Revolving Credit Facility).
- Counterparties: The agreement involved lenders, Morgan Stanley Asset Funding Inc. (Administrative Agent), State Street Bank and Trust Company (Collateral Agent), and Cortland Capital Market Services LLC (Collateral Custodian).
- Debt Reduction: All outstanding loans under the facility were repaid in full.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific event of the credit facility termination.
Investor Verification Checklist
- Confirm the total principal amount repaid to settle the Revolving Credit Facility.
- Verify if any prepayment penalties or fees were incurred during the termination.
- Assess the impact of this debt repayment on the Company's overall leverage and liquidity position.
- Review subsequent filings to determine if new financing arrangements were established to replace the terminated facility.