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 May 12, 2017, covering an event that occurred on May 11, 2017. The filing details an unregistered sale of equity securities.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the equity transaction:
- Shares Sold: Approximately 8,338,892.57 shares of common stock.
- Aggregate Offering Price: $125 million.
- Par Value: $0.01 per share.
Material Changes
The material change reported is the issuance of new common stock to existing investors via a capital drawdown notice. This transaction increases the company's equity capital by $125 million. The filing does not provide comparative data against a prior period for operational metrics.
Guidance, Outlook, and Risks
Transaction Details: The sale is expected to close on or around May 24, 2017. It is conducted pursuant to subscription agreements requiring investors to fund drawdowns on an as-needed basis with a minimum of 10 business days' prior notice.
Regulatory Status: The issuance is exempt from registration requirements under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.
Outlook and Risks: The filing text does not provide management commentary on future outlook, specific risks, contingencies, or unusual items beyond the mechanics of the capital raise.
Investor Verification Checklist
- Verify the closing date of the $125 million capital drawdown (expected May 24, 2017).
- Confirm the updated total share count and capital structure post-issuance.
- Review the specific subscription agreements to understand investor funding obligations and notice periods.
- Check subsequent filings for the actual closing confirmation and use of proceeds.