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 5, 2017 (January 4, 2017)
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)) |
| Item 1.01. | Entry into a Material Definitive Agreement |
On January 4, 2017, Owl Rock Capital Corporation (the “Company”) entered into an agreement with Capital One, N.A. (“Capital One”) pursuant to which Capital One agreed to provide a commitment through the accordion feature in the Company’s subscription credit facility, dated August 1, 2016 (the “Facility”), increasing the aggregate commitments under the Facility from $500 million to $575 million. The Facility continues to include the accordion feature, which would allow the Company, under certain circumstances, to increase the size of the Facility further to a maximum of $750 million. There were no other amendments to the terms of the Facility.
The foregoing description is only a summary of certain of the provisions of the Facility and is qualified in its entirety by the underlying agreement, which will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ending December 31, 2016.
| 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.
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 5, 2017