UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry into a Material Definitive Agreement |
On April 9, 2025 (the “Amendment Date”), ORCC III Financing II LLC (“ORCC III Financing II”), a subsidiary of Blue Owl Capital Corporation (the “Company”), and the Company (as successor-by-merger to Blue Owl Capital Corporation III) entered into the Amendment No. 3 to Loan Financing and Servicing Agreement (the “Amendment” and the facility as amended, the “Secured Credit Facility”), which amended that certain Loan Financing and Servicing Agreement, dated as of December 2, 2021, as amended by Amendment No. 1, dated as of February 18, 2022 and as amended by Amendment No. 2, dated as of October 10, 2024, by and among ORCC III Financing II, as borrower, the Company (as successor-by-merger to Blue Owl Capital Corporation III), as equityholder and services provider, the lenders from time to time parties thereto, Deutsche Bank AG, New York Branch, as Facility Agent, State Street Bank and Trust Company, as Collateral Agent and as Collateral Custodian and the other agents from time to time parties thereto. Among other changes, the Amendment: (i) amended the Applicable Margin from 1.95% to 1.70% per annum and (ii) amended the Make-Whole Fee accruing during the Revolving Period.
Borrowings of ORCC III Financing II are considered our borrowings for purposes of complying with the asset coverage requirements under the 1940 Act.
| 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.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit |
Description | |
| 10.1 | Amendment No. 3 to Loan Financing and Servicing Agreement, dated as of April 9, 2025, among ORCC III Financing II LLC, as Borrower, Deutsche Bank AG, New York Branch, as Facility Agent, Blue Owl Capital Corporation, as Equityholder and as Services Provider, the Lenders from time to time parties thereto. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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 11, 2025 | By: | /s/ Jonathan Lamm | ||||
| Name: | Jonathan Lamm | |||||
| Title: | Chief Operating Officer and Chief Financial Officer | |||||