Business Context and Reporting Period
This Form 8-K is filed by Owl Rock Capital Corporation (not Blue Owl Capital Corp as noted in metadata) for the reporting period ending November 30, 2018, with the earliest event reported on November 28, 2018. The filing addresses an unregistered sale of equity securities.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The only financial data disclosed relates to a specific capital transaction:
- Shares Sold: Approximately 22,479,126 shares of common stock.
- Aggregate Offering Price: $350 million.
- Par Value: $0.01 per share.
Material Changes
The material change reported is the delivery of a capital drawdown notice to investors on November 28, 2018. This action initiates the sale of the aforementioned shares under subscription agreements. The transaction is expected to close on or around December 11, 2018.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operations, or discussion of general risks. The transaction is exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D. Investors are required to fund drawdowns on an as-needed basis with a minimum of 10 business days' prior notice.
Investor Verification Checklist
- Verify the closing date of the $350 million capital raise (expected December 11, 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 cash proceeds received.