Filed Pursuant to Rule 497(a)

Registration No. 333-233186

Rule 482ad

 

[TEXT OF COMMUNICATION SENT VIA BLOOMBERG]

 

Subject: OWL LAUNCH
$500mm at T+ 220

 

Issuer/Ticker

Owl Rock Capital Corp ( OWLRCK )

Tenor

Long 5 Year

Total Size

USD Benchmark

IPT

T + 225 area

Ratings

Moody’s (Exp): [Baa3/Stable]
S&P (Exp): [BBB-/Stable]
Fitch (Exp): [BBB-/Stable]

Format

SEC Registered

Ranking

Sr Unsecured Note

Settlement

T+5 (January 22, 2020)

Coupon Type

Fixed

First Pay

July 22, 2020

Maturity Date

July 22, 2025

Optional Redemption

Make-Whole, 1 Month Par Call

Change of Control

Yes, 100% (See Red)

Book Runner(s)

Active: BofA (B&D)

Co-Manager(s)

SEAPG

Use of Proceeds

Repayment of existing indebtedness under the Revolving Credit Facility, which matures on April 2, 2024.

Denominations

2,000 x 1,000

Sale into Canada

Yes, exemption

 

* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

No EEA Retail sales/No PRIIPs KID.

 

Investors are advised to carefully consider the investment objectives, risks, charges and expenses of Owl Rock Capital Corporation before investing. The preliminary prospectus supplement dated January 14, 2020, together with the accompanying prospectus dated September 23, 2019, which have been filed with the Securities and Exchange Commission, contain this and other information about Owl Rock Capital Corporation and should be read carefully before investing.

 

The information in the preliminary prospectus supplement and the accompanying prospectus, and in this announcement, is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this announcement are not offers to sell any securities of Owl Rock Capital Corporation and are not soliciting an offer to buy such securities in any state or jurisdiction where such offer and sale is not permitted.

 

The issuer has filed a shelf registration statement (including a prospectus) with the SEC. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and accompanying prospectus if you request it from BofA Securities, Inc. by calling 1-800-294-1322.

 

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR AFTER THIS MESSAGE ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.