Business Context and Reporting Period
This Form 8-K was filed by Owl Rock Capital Corporation on June 14, 2018. The report details an unregistered sale of equity securities pursuant to Item 3.02. Note: While the request metadata references "Blue Owl Capital Corp," the filing text explicitly identifies the registrant as "Owl Rock Capital Corporation."
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, or debt levels. The primary financial data point disclosed is the capital raise:
- Shares Issued: Approximately 12,936,610 shares of common stock.
- Aggregate Offering Price: $200 million.
- Par Value: $0.01 per share.
Material Changes
The material change reported is the delivery of a capital drawdown notice to investors for the sale of the aforementioned common stock. The transaction is expected to close on or around June 27, 2018. The issuance is exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard disclosure of the unregistered sale. The transaction relies on subscription agreements requiring investors 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 $200 million capital raise (expected June 27, 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 confirmation and use of proceeds.