Business Context and Reporting Period
This Form 8-K was filed by Owl Rock Capital Corporation (not Blue Owl Capital Corp) on July 27, 2018, reporting events occurring on July 26, 2018. The registrant is an emerging growth company incorporated in Maryland.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, or overall debt levels. The specific financial event reported is a capital contribution to a joint venture.
- Joint Venture Contribution: Aggregate contributions to Sebago Lake LLC increased to $125 million.
- Ownership Structure: Owl Rock Capital Corporation and The Regents of the University of California each hold 50% economic ownership.
- Investment Focus: Senior secured loans to middle-market companies and broadly syndicated loans.
Material Changes
The material change reported is the increase in capital contributions to Sebago Lake LLC by both members. This action creates a direct financial obligation for the Company as part of the joint venture agreement.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond the inherent nature of the loan investments. The joint venture is managed by the members with equal voting rights, requiring mutual approval for investment decisions.
Investor Verification Checklist
- Verify the exact amount of capital contributed by Owl Rock Capital Corporation versus The Regents of the University of California to reach the $125 million aggregate.
- Confirm the impact of this contribution on the Company's current liquidity and cash position.
- Review the specific terms of the Sebago Lake LLC agreement regarding profit distribution and liability.
- Check subsequent filings for the deployment of these funds into specific loan assets.