UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 4, 2020 (September 3, 2020)
OWL ROCK CAPITAL CORPORATION
(Exact name of Registrant as Specified in Its Charter)
Maryland | 814-01190 | 47-5402460 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
399 Park Avenue, 38th Floor New York, NY |
10022 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (212) 419-3000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common Stock, par value $0.01 per share | ORCC | The New York Stock Exchange |
Item 1.01 – Entry into a Material Definitive Agreement
On September 3, 2020, Owl Rock Capital Corporation (the “Company”), a Maryland corporation, entered into the Sixth Amendment to Senior Secured Revolving Credit Agreement (the “Amendment” and the facility as amended, the “Revolving Credit Facility”), which amended that certain Senior Secured Revolving Credit Agreement, dated February 1, 2017, as amended by (i) the First Amendment to Senior Secured Revolving Credit Agreement, dated as of July 17, 2017, (ii) the First Omnibus Amendment to Senior Secured Revolving Credit Agreement and Guarantee and Security Agreement, dated as of March 29, 2018, (iii) the Third Amendment to Senior Secured Revolving Credit Agreement, dated as of June 21, 2018, (iv) the Fourth Amendment to Senior Secured Revolving Credit Agreement, dated as of April 2, 2019 and (v) the Fifth Amendment to Senior Secured Revolving Credit Agreement, dated as of May 7, 2020. Among other changes, the Amendment (a) increased the aggregate commitments under the Revolving Credit Facility from $1.195 billion to $1.355 billion; (b) increased the accordion feature, which allows the Company, under certain circumstance, to increase the size of the Revolving Credit Facility, from $1.5 billion to $2 billion and (c) with respect to $1.295 billion of commitments (i) extended the stated maturity date from April 2, 2024 to September 3, 2025 and (ii) extended the commitment termination date from March 31, 2023 to September 3, 2024.
The foregoing description is only a summary of certain of the provisions of the Amendment and is qualified in its entirety by the underlying agreement, which will be filed as an exhibit to the Company’s next Quarterly Report on Form 10-Q.
Item 2.03 – Creation of a Direct Financial Obligation
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
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 hereunto duly authorized.
Owl Rock Capital Corporation | |||
September 4, 2020 | By: | /s/ Alan Kirshenbaum | |
Name: | Alan Kirshenbaum | ||
Title: | Chief Operating Officer and Chief Financial Officer |