Business Context and Reporting Period
This Form 8-K filing by Owl Rock Capital Corporation (Note: The input metadata references "Blue Owl Capital Corp," but the filing text identifies the registrant as "Owl Rock Capital Corporation") covers the period ending December 2, 2020, with the earliest event reported on December 1, 2020. The company is incorporated in Maryland and its common stock trades on the New York Stock Exchange under the symbol ORCC.
Key Financial Metrics
The filing details a specific capital raising event rather than periodic financial performance metrics such as revenue, profit, or cash flow.
- Debt Issuance: $1.0 billion aggregate principal amount of 3.400% Notes due 2026.
- Interest Rate: 3.400%.
- Maturity Date: 2026.
- Underwriters: BofA Securities, Inc. (as representative).
The filing text does not provide clear values for revenue, operating margins, liquidity ratios, or existing debt levels outside of this new issuance.
Material Changes
The primary material change reported is the execution of an underwriting agreement on December 1, 2020, to issue the $1.0 billion note offering. This transaction was conducted pursuant to an effective shelf registration statement on Form N-2 (Registration No. 333-239775). No other material changes to operations or financial status are detailed in this specific report.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors related to future performance. The document focuses strictly on the mechanics of the debt offering and references the full Underwriting Agreement (Exhibit 1.1) for complete terms. No unusual items or contingencies are described in the text provided.
Investor Verification Checklist
- Verify the exact terms and covenants of the $1.0 billion 3.400% Notes due 2026 in the Underwriting Agreement (Exhibit 1.1).
- Confirm the use of proceeds from the offering as detailed in the final prospectus supplement dated December 1, 2020.
- Review the company's total debt load post-issuance to assess leverage ratios, as this filing only reports the new issuance amount.
- Check for any subsequent filings regarding the pricing or closing of the offering if not fully completed by the report date.