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): July 18, 2023

BLUE OWL CAPITAL CORPORATION

(Exact name of Registrant as Specified in Its Charter)

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):

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  ☐

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:

Owl Rock CLO II Amendment

On July 18, 2023, Owl Rock CLO II, LLC, a subsidiary of Blue Owl Capital Corporation (f/k/a Owl Rock Capital Corporation), entered into a second supplemental indenture (the “CLO II Second Supplemental Indenture”) to that indenture and security agreement dated as of December 12, 2019 (as supplemented by the first supplemental indenture dated as of April 9, 2021 and as supplemented by the CLO II Second Supplemental Indenture, the “CLO II Indenture”) by and among Owl Rock CLO II, Ltd., as issuer, Owl Rock CLO II, LLC, as co-issuer, and State Street Bank and Trust Company, as trustee. The CLO II Second Supplemental Indenture made certain benchmark conforming changes to facilitate the transition of the reference rate applicable to the securities issued under the CLO II Indenture from LIBOR to term SOFR plus a spread adjustment.

The foregoing description is only a summary of the CLO II Second Supplemental Indenture and is qualified in its entirety by the CLO II Second Supplemental Indenture, which is filed as Exhibit 10.1 hereto.

Owl Rock CLO III Amendment

On July 18, 2023, Owl Rock CLO III, LLC, a subsidiary of Blue Owl Capital Corporation, entered into a supplemental indenture (the “CLO III Supplemental Indenture”) to that indenture and security agreement dated as of March 26, 2020 (as supplemented by the CLO III Supplemental Indenture, the “CLO III Indenture”) by and among Owl Rock CLO III, Ltd., as issuer, Owl Rock CLO III, LLC, as co-issuer, and State Street Bank and Trust Company, as trustee. The CLO III Supplemental Indenture made certain benchmark conforming changes to facilitate the transition of the reference rate applicable to the securities issued under the CLO III Indenture from LIBOR to term SOFR plus a spread adjustment.

The foregoing description is only a summary of the CLO III Supplemental Indenture and is qualified in its entirety by the CLO III Supplemental Indenture, which is filed as Exhibit 10.2 hereto.

Owl Rock CLO IV Amendment

On July 18, 2023, Owl Rock CLO IV, LLC, a subsidiary of Blue Owl Capital Corporation, entered into a second supplemental indenture (the “CLO IV Second Supplemental Indenture”) to that indenture and security agreement dated as of May 28, 2020 (as supplemented by the first supplemental indenture dated as of July 9, 2021 and as supplemented by the CLO IV Second Supplemental Indenture, the “CLO IV Indenture”) by and among Owl Rock CLO IV, Ltd., as issuer, Owl Rock CLO IV, LLC, as co-issuer, and State Street Bank and Trust Company, as trustee. The CLO IV Second Supplemental Indenture made certain benchmark conforming changes to facilitate the transition of the reference rate applicable to the securities issued under the CLO IV Indenture from LIBOR to term SOFR plus a spread adjustment.

The foregoing description is only a summary of the CLO IV Second Supplemental Indenture and is qualified in its entirety by the CLO IV Second Supplemental Indenture, which is filed as Exhibit 10.3 hereto.

Owl Rock CLO VI Amendment

On July 18, 2023, Owl Rock CLO VI, LLC, a subsidiary of Blue Owl Capital Corporation, entered into a supplemental indenture (the “CLO VI Supplemental Indenture”) to that indenture and security agreement dated as of May 5, 2021 (as supplemented by the CLO VI Supplemental Indenture, the “CLO VI Indenture”) by and among Owl Rock CLO VI, Ltd., as issuer, Owl Rock CLO VI, LLC, as co-issuer, and State Street Bank and Trust Company, as trustee. The CLO VI Supplemental Indenture made certain benchmark conforming changes to facilitate the transition of the reference rate applicable to the securities issued under the CLO VI Indenture from LIBOR to term SOFR plus a spread adjustment.

The foregoing description is only a summary of the CLO VI Supplemental Indenture and is qualified in its entirety by the CLO VI Supplemental Indenture, which is filed as Exhibit 10.4 hereto.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

(d) Exhibits

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.