Business Context and Reporting Period
This Form 8-K is filed by Owl Rock Capital Corporation (not Blue Owl Capital Corp) for the reporting period of April 17, 2017, covering an event that occurred on April 14, 2017. The filing details an unregistered sale of equity securities.
Key Financial Metrics
- Capital Raised: $100 million aggregate offering price.
- Shares Issued: Approximately 6,600,659 shares of common stock.
- Par Value: $0.01 per share.
- Expected Closing Date: On or around April 28, 2017.
- Revenue, Profit, Cash Flow, Debt, Liquidity: The filing text does not provide a clear value for these operational metrics.
Material Changes
The primary material change is the execution of a capital drawdown notice to investors. This represents a new issuance of equity rather than a change in operating performance compared to a prior period.
Guidance, Outlook, and Risks
- Transaction Structure: The sale is conducted pursuant to subscription agreements requiring investors to fund drawdowns on an as-needed basis.
- Notice Period: Investors receive a minimum of 10 business days' prior notice for drawdowns.
- Regulatory Status: The issuance is exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.
- Outlook: The filing does not provide specific forward-looking guidance or management commentary beyond the transaction details.
Investor Verification Checklist
- Verify the final closing date of the $100 million capital raise (expected April 28, 2017).
- Confirm the total number of shares outstanding post-issuance.
- Review the specific subscription agreements to understand investor capital commitment limits.
- Check subsequent filings for the actual cash proceeds received and their intended use.