Quarterly report pursuant to Section 13 or 15(d)

N-2

v3.22.2
N-2 - USD ($)
$ / shares in Units, $ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cover [Abstract]              
Entity Central Index Key 0001655888            
Amendment Flag false            
Securities Act File Number 814-01190            
Document Type 10-Q            
Entity Registrant Name OWL ROCK CAPITAL CORP            
Entity Address, Address Line One 399 Park Avenue            
Entity Address, Address Line Two 38th Floor            
Entity Address, City or Town New York            
Entity Address, State or Province NY            
Entity Address, Postal Zip Code 10022            
City Area Code 212            
Local Phone Number 419-3000            
Entity Emerging Growth Company false            
Financial Highlights [Abstract]              
Senior Securities [Table Text Block]
Senior Securities

Information about our senior securities is shown in the following table as of June 30, 2022 and the fiscal years ended December 31, 2021, 2020, 2019, 2018, 2017 and 2016.
Class and Period Total Amount Outstanding Exclusive of Treasury Securities(1)
($ in millions)
Asset Coverage per Unit(2) Involuntary Liquidating Preference per Unit(3) Average Market Value per Unit(4)
Revolving Credit Facility
June 30, 2022 (unaudited) $ 604.9  $ 1,791  —  N/A
December 31, 2021 $ 892.3  $ 1,820  —  N/A
December 31, 2020 $ 252.5  $ 2,060  —  N/A
December 31, 2019 $ 480.9  $ 2,926  —  N/A
December 31, 2018 $ 308.6  $ 2,254  —  N/A
December 31, 2017 $ —  $ 2,580  —  N/A
SPV Asset Facility I(6)
December 31, 2020 $ —  $ —  —  N/A
December 31, 2019 $ 300.0  $ 2,926  —  N/A
December 31, 2018 $ 400.0  $ 2,254  —  N/A
December 31, 2017 $ 400.0  $ 2,580  —  N/A
SPV Asset Facility II
June 30, 2022 (unaudited) $ 100.0  $ 1,791  —  N/A
December 31, 2021 $ 100.0  $ 1,820  —  N/A
December 31, 2020 $ 100.0  $ 2,060  —  N/A
December 31, 2019 $ 350.0  $ 2,926  —  N/A
December 31, 2018 $ 550.0  $ 2,254  —  N/A
SPV Asset Facility III
June 30, 2022 (unaudited) $ 250.0  $ 1,791  —  N/A
December 31, 2021 $ 190.0  $ 1,820  —  N/A
December 31, 2020 $ 375.0  $ 2,060  —  N/A
December 31, 2019 $ 255.0  $ 2,926  —  N/A
December 31, 2018 $ 300.0  $ 2,254  —  N/A
SPV Asset Facility IV
June 30, 2022 (unaudited) $ 100.0  $ 1,791  —  N/A
December 31, 2021 $ 155.0  $ 1,820  —  N/A
December 31, 2020 $ 295.0  $ 2,060  —  N/A
December 31, 2019 $ 60.3  $ 2,926  —  N/A
CLO I
June 30, 2022 (unaudited) $ 390.0  $ 1,791  —  N/A
December 31, 2021 $ 390.0  $ 1,820  —  N/A
December 31, 2020 $ 390.0  $ 2,060  —  N/A
December 31, 2019 $ 390.0  $ 2,926  —  N/A
CLO II
June 30, 2022 (unaudited) $ 260.0  $ 1,791  —  N/A
December 31, 2021 $ 260.0  $ 1,820  —  N/A
December 31, 2020 $ 260.0  $ 2,060  —  N/A
Class and Period Total Amount Outstanding Exclusive of Treasury Securities(1)
($ in millions)
Asset Coverage per Unit(2) Involuntary Liquidating Preference per Unit(3) Average Market Value per Unit(4)
December 31, 2019 $ 260.0  $ 2,926  —  N/A
CLO III
June 30, 2022 (unaudited) $ 260.0  $ 1,791  —  N/A
December 31, 2021 $ 260.0  $ 1,820  —  N/A
December 31, 2020 $ 260.0  $ 2,060  —  N/A
CLO IV
June 30, 2022 (unaudited) $ 292.5  $ 1,791  —  N/A
December 31, 2021 $ 292.5  $ 1,820  —  N/A
December 31, 2020 $ 252.0  $ 2,060  —  N/A
CLO V
June 30, 2022 (unaudited) $ 509.6  $ 1,791  —  N/A
December 31, 2021 $ 196.0  $ 1,820  —  N/A
December 31, 2020 $ 196.0  $ 2,060  —  N/A
CLO VI
June 30, 2022 (unaudited) $ 260.0  $ 1,791  —  N/A
December 31, 2021 $ 260.0  $ 1,820  —  N/A
Subscription Credit Facility(5)
December 31, 2019 $ —  $ —  —  N/A
December 31, 2018 $ 883.0  $ 2,254  —  N/A
December 31, 2017 $ 393.5  $ 2,580  —  N/A
December 31, 2016 $ 495.0  $ 2,375  —  N/A
2023 Notes(7)
December 31, 2021 $ —  $ —  —  N/A
December 31, 2020 $ 150.0  $ 2,060  —  N/A
December 31, 2019 $ 150.0  $ 2,926  —  N/A
December 31, 2018 $ 150.0  $ 2,254  —  N/A
December 31, 2017 $ 138.5  $ 2,580  —  N/A
2024 Notes
June 30, 2022 (unaudited) $ 400.0  $ 1,791  —  $ 1,011.1 
December 31, 2021 $ 400.0  $ 1,820  —  $ 1,089.7 
December 31, 2020 $ 400.0  $ 2,060  —  $ 1,037.1 
December 31, 2019 $ 400.0  $ 2,926  —  $ 1,039.3 
2025 Notes
June 30, 2022 (unaudited) $ 425.0  $ 1,791  —  $ 969.0 
December 31, 2021 $ 425.0  $ 1,820  —  $ 1,057.3 
December 31, 2020 $ 425.0  $ 2,060  —  $ 984.2 
December 31, 2019 $ 425.0  $ 2,926  —  $ 997.9 
July 2025 Notes
June 30, 2022 (unaudited) $ 500.0  $ 1,791  —  $ 956.3 
Class and Period Total Amount Outstanding Exclusive of Treasury Securities(1)
($ in millions)
Asset Coverage per Unit(2) Involuntary Liquidating Preference per Unit(3) Average Market Value per Unit(4)
December 31, 2021 $ 500.0  $ 1,820  —  $ 1,049.9 
December 31, 2020 $ 500.0  $ 2,060  —  $ 971.1 
2026 Notes
June 30, 2022 (unaudited) $ 500.0  $ 1,791  —  $ 960.2 
December 31, 2021 $ 500.0  $ 1,820  —  $ 1,068.7 
December 31, 2020 $ 500.0  $ 2,060  —  $ 1,018.5 
July 2026 Notes
June 30, 2022 (unaudited) $ 1,000.0  $ 1,791  —  $ 914.4 
December 31, 2021 $ 1,000.0  $ 1,820  —  $ 1,032.8 
December 31, 2020 $ 1,000.0  $ 2,060  —  $ 1,005.0 
2027 Notes
June 30, 2022 (unaudited) $ 500.0  $ 1,791  —  $ 870.2 
December 31, 2021 $ 500.0  $ 1,820  —  $ 997.4 
2028 Notes
June 30, 2022 (unaudited) $ 850.0  $ 1,791  —  $ 840.0 
December 31, 2021 $ 850.0  $ 1,820  —  $ 994.3 
________________
(1)Total amount of each class of senior securities outstanding at the end of the period presented.
(2)Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis.
(3)The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The “—" in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities.
(4)Not applicable, except for with respect to the 2024 Notes, 2025 Notes, July 2025 Notes, 2026 Notes, July 2026 Notes, 2027 Notes and 2028 Notes as other senior securities are not registered for public trading on a stock exchange. The average market value per unit for each of the 2024 Notes, 2025 Notes, July 2025 Notes, 2026 Notes, July 2026 Notes, 2027 Notes and 2028 Notes is based on the average daily prices of such notes and is expressed per $1,000 of indebtedness.
(5)Facility was terminated in 2019.
(6)Facility was terminated in 2020.
(7)On November 23, 2021, we caused notice to be issued to the holders of the 2023 Notes regarding our exercise of the option to redeem in full all $150 million in aggregate principal amount of the 2023 Notes at 100% of their principal amount, plus the accrued and unpaid interest thereon through, but excluding, the redemption date, December 23, 2021. On December 23, 2021, we redeemed in full all $150 million in aggregate principal amount of the 2023 Notes at 100% of their principal amount, plus the accrued and unpaid interest thereon through, but excluding, December 23, 2021.
           
Senior Securities Averaging Method, Note [Text Block] Not applicable, except for with respect to the 2024 Notes, 2025 Notes, July 2025 Notes, 2026 Notes, July 2026 Notes, 2027 Notes and 2028 Notes as other senior securities are not registered for public trading on a stock exchange. The average market value per unit for each of the 2024 Notes, 2025 Notes, July 2025 Notes, 2026 Notes, July 2026 Notes, 2027 Notes and 2028 Notes is based on the average daily prices of such notes and is expressed per $1,000 of indebtedness.            
Senior Securities Headings, Note [Text Block] Total amount of each class of senior securities outstanding at the end of the period presented. Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis. The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The “—" in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities.            
Revolving Credit Facility [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 604.9 $ 892.3 $ 252.5 $ 480.9 $ 308.6 $ 0.0  
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060 $ 2,926 $ 2,254 $ 2,580  
SPV Asset Facility I [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount     $ 0.0 $ 300.0 $ 400.0 $ 400.0  
Senior Securities Coverage per Unit     $ 0 $ 2,926 $ 2,254 $ 2,580  
SPV Asset Facility II [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 100.0 $ 100.0 $ 100.0 $ 350.0 $ 550.0    
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060 $ 2,926 $ 2,254    
SPV Asset Facility III [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 250.0 $ 190.0 $ 375.0 $ 255.0 $ 300.0    
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060 $ 2,926 $ 2,254    
SPV Asset Facility IV [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 100.0 $ 155.0 $ 295.0 $ 60.3      
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060 $ 2,926      
CLO I [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 390.0 $ 390.0 $ 390.0 $ 390.0      
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060 $ 2,926      
CLO II [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 260.0 $ 260.0 $ 260.0 $ 260.0      
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060 $ 2,926      
CLO III [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 260.0 $ 260.0 $ 260.0        
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060        
CLO IV [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 292.5 $ 292.5 $ 252.0        
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060        
CLO V [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 509.6 $ 196.0 $ 196.0        
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060        
CLO VI [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 260.0 $ 260.0          
Senior Securities Coverage per Unit $ 1,791 $ 1,820          
Subscription Credit Facility [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount       $ 0.0 $ 883.0 $ 393.5 $ 495.0
Senior Securities Coverage per Unit       $ 0 $ 2,254 $ 2,580 $ 2,375
Notes 2023 [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount   $ 0.0 $ 150.0 $ 150.0 $ 150.0 $ 138.5  
Senior Securities Coverage per Unit   $ 0 $ 2,060 $ 2,926 $ 2,254 $ 2,580  
Notes 2024 [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 400.0 $ 400.0 $ 400.0 $ 400.0      
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060 $ 2,926      
Senior Securities Average Market Value per Unit $ 1,011.1 $ 1,089.7 $ 1,037.1 $ 1,039.3      
Notes 2025 [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 425.0 $ 425.0 $ 425.0 $ 425.0      
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060 $ 2,926      
Senior Securities Average Market Value per Unit $ 969.0 $ 1,057.3 $ 984.2 $ 997.9      
Notes July 2025 [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 500.0 $ 500.0 $ 500.0        
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060        
Senior Securities Average Market Value per Unit $ 956.3 $ 1,049.9 $ 971.1        
Notes 2026 [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 500.0 $ 500.0 $ 500.0        
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060        
Senior Securities Average Market Value per Unit $ 960.2 $ 1,068.7 $ 1,018.5        
Notes July 2026 [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 1,000.0 $ 1,000.0 $ 1,000.0        
Senior Securities Coverage per Unit $ 1,791 $ 1,820 $ 2,060        
Senior Securities Average Market Value per Unit $ 914.4 $ 1,032.8 $ 1,005        
Notes 2027 [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 500.0 $ 500.0          
Senior Securities Coverage per Unit $ 1,791 $ 1,820          
Senior Securities Average Market Value per Unit $ 870.2 $ 997.4          
Notes 2028 [Member]              
Financial Highlights [Abstract]              
Senior Securities Amount $ 850.0 $ 850.0          
Senior Securities Coverage per Unit $ 1,791 $ 1,820          
Senior Securities Average Market Value per Unit $ 840.0 $ 994.3