Blue Owl Capital Corp. Enters Material Definitive Agreement
Ticker: OBDC · Form: 8-K · Filed: Apr 16, 2024 · CIK: 1655888
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Blue Owl Capital Corp. just signed a big financial deal, details to come.
AI Summary
On April 11, 2024, Blue Owl Capital Corp. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as Owl Rock Capital Corp., filed an 8-K report detailing this event. The filing does not specify the exact nature or dollar amount of the financial obligation.
Why It Matters
This filing indicates a significant financial commitment or obligation for Blue Owl Capital Corp., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial risk or opportunity that is not yet fully disclosed.
Key Numbers
- 814-01190 — SEC File Number (Identifies the specific filing for Blue Owl Capital Corp.)
Key Players & Entities
- Blue Owl Capital Corp. (company) — Registrant
- Owl Rock Capital Corp. (company) — Former name of Registrant
- April 11, 2024 (date) — Date of earliest event reported
- 399 Park Avenue New York, NY 10022 (location) — Principal Executive Offices
FAQ
What is the nature of the material definitive agreement entered into by Blue Owl Capital Corp. on April 11, 2024?
The filing states that Blue Owl Capital Corp. entered into a material definitive agreement, but the specific details of the agreement are not provided in this initial 8-K filing.
What is the direct financial obligation or off-balance sheet arrangement mentioned in the filing?
The filing confirms the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific terms and amounts are not detailed in this report.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on April 11, 2024.
What was Blue Owl Capital Corp.'s former name?
Blue Owl Capital Corp.'s former name was Owl Rock Capital Corp.
Where are Blue Owl Capital Corp.'s principal executive offices located?
Blue Owl Capital Corp.'s principal executive offices are located at 399 Park Avenue, New York, NY 10022.
Filing Stats: 1,501 words · 6 min read · ~5 pages · Grade level 14.1 · Accepted 2024-04-16 16:31:04
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share OBDC The New York Stock E
- $260,000,000 — Corporation (the "Company") completed a $260,000,000 term debt securitization refinancing (t
- $228,000,000 — tate Street Bank and Trust Company: (i) $228,000,000 of AAA(sf) Class A-R Notes, which bear
- $32,000,000 — st at the Benchmark plus 1.85% and (ii) $32,000,000 of AA(sf) Class B-R Notes, which bear i
- $135,310,000 — riginal Closing Date, the Issuer issued $135,310,000 of subordinated securities in the form
- $1,000 — n the form of 135,310 preferred shares ($1,000 per preferred share) (the "Preferred Sh
- $275 million — sale and contribution of approximately $275 million par amount of middle market loans from
Filing Documents
- d637253d8k.htm (8-K) — 33KB
- d637253dex101.htm (EX-10.1) — 1991KB
- d637253dex102.htm (EX-10.2) — 133KB
- d637253dex103.htm (EX-10.3) — 109KB
- 0001193125-24-097814.txt ( ) — 2809KB
- obdc-20240411.xsd (EX-101.SCH) — 3KB
- obdc-20240411_lab.xml (EX-101.LAB) — 17KB
- obdc-20240411_pre.xml (EX-101.PRE) — 11KB
- d637253d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Second Supplemental Indenture, dated as of April 11, 2024, by and between Owl Rock CLO III, LLC, as Issuer, and State Street Bank and Trust Company, as Collateral Trustee. 10.2 Amended and Restated Collateral Management Agreement, dated as of April 11, 2024, by and between Owl Rock CLO III, LLC, as Issuer, and Blue Owl Credit Advisors LLC, as Collateral Manager. 10.3 Amended and Restated Loan Sale Agreement, dated as of April 11, 2024, by and between Blue Owl Capital Corporation, as Seller, and Owl Rock CLO III, LLC, as Purchaser. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Blue Owl Capital Corporation April 16, 2024 By: /s/ Jonathan Lamm Name: Jonathan Lamm Title: Chief Operating Officer and Chief Financial Officer