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): January 3, 2018 (January 2, 2018)

 

 

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 No.)  

(I.R.S. Employer

Identification No.)

 

245 Park Avenue

41St Floor

New York, New York

   

10167

(Address of principal executive offices)     (Zip Code)

Registrant’s telephone number, including area code: (212) 419-3000

 

 

Not Applicable

 
  (Former name or 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 Instruction 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  ☒

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.  ☐

 

 

 


Item 1.01. Entry into a Material Definitive Agreement

On January 2, 2018, Owl Rock Capital Corporation (the “Company”) entered into an agreement with Comerica Bank (“Comerica”) pursuant to which Comerica agreed to provide a $50 million commitment through the accordion feature in the Company’s subscription credit facility, dated August 1, 2016 (as amended by that certain first amendment to the revolving credit agreement, dated as of November 2, 2017 (the “Amendment”) and as further amended as of the date hereof, the “Facility”). Upon Comerica’s commitment there was an automatic $50 million reduction of the commitment of Wells Fargo Bank, National Association (“Wells Fargo”) and, as a result, the aggregate commitments under the Facility remain at $900 million. There were no other amendments to the terms of the Facility.

The foregoing is only a summary of certain provisions of the Facility and is qualified in its entirety by the underlying agreement, which is filed as Exhibit 10.1 hereto and is incorporated into this Current Report on Form 8-K by reference, the Facility, filed on August 10, 2016 as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, and the Amendment, filed on November 8, 2017 as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017.

 

Item 2.03 Creation of a Direct Financial Obligation

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

 

Item 9.01 Financial Statements and Exhibits

 

10.1    Lender Joinder Agreement, dated January 2, 2018, by and among Comerica, Wells Fargo and the Company


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
By:   /s/ Alan Kirshenbaum
Name:   Alan Kirshenbaum
Title:   Chief Operating Officer and Chief Financial Officer

January 3, 2018