Business Context and Reporting Period
This Form 8-K was filed by Owl Rock Capital Corporation on June 22, 2017, reporting an event that occurred on June 20, 2017. The filing details the entry into a material definitive agreement regarding a joint venture.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on a corporate agreement rather than periodic financial performance.
Material Changes
On June 20, 2017, Owl Rock Capital Corporation entered into an Amended and Restated Limited Liability Company Agreement with the Regents of the University of California. This agreement establishes the co-management of Sebago Lake LLC, a joint venture.
Outlook and Management Commentary
Sebago Lake LLC is expected to invest in senior secured loans made to middle-market companies or in broadly syndicated loans. The agreement is effective as of June 20, 2017. No specific financial guidance, risk factors, or contingencies were detailed in this specific filing text.
Investor Verification Checklist
- Verify the terms of the Amended and Restated Limited Liability Company Agreement (Exhibit 10.1) regarding capital commitments and profit sharing.
- Confirm the specific investment mandate and risk profile of Sebago Lake LLC.
- Review the role and responsibilities of the Regents of the University of California as a co-manager.
- Check for any subsequent filings detailing the initial capitalization of the joint venture.