About Owl Rock Capital Corp.

Our Investment Approach

• We originate, execute, and manage debt and equity investments in predominantly U.S. middle-market companies
• We invest in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity-related securities and warrants
• We focus on first lien, unitranche, and second lien term loans
• We focus on long-term credit performance and principal protection
• We are long-term investors with the ability to provide sizeable commitments to facilitate transactions and support the growth-related needs of our borrowers
• We seek to provide certainty, speed, and transparency throughout the entire investment process
• We have the ability to lead or anchor debt financings of up to $1 billion across the Owl Rock platform

Our Investment Criteria¹

• Companies with earnings before interest expense, income tax expense, depreciation, and amortization, or “EBITDA,” between $10 million and $250 million annually and/or annual revenue of $50 million to $2.5 billion at the time of investment
• Established companies with positive cash flow
• Companies with strong competitive positioning in their industries
• Companies with experienced management teams
• Companies with diverse customer and supplier bases
• Investments with maturities typically between three and ten years
• Investments generally ranging in size between $20 million and $250 million

What Do Our Portfolio Companies Use Our Capital For?

• Growth
• Acquisitions
• Market or product expansion
• Refinancings
• Recapitalizations

^{1. Not all of these criteria will be met or will be equally important in connection with each of our investments.}