By Devika Patel
Knoxville, Tenn., Dec. 22 – Owl Rock Capital Corp. arranged a private placement of $150 million of 4.75% senior unsecured notes due June 21, 2023 on Dec. 21, according to an 8-K filed with the Securities and Exchange Commission. The deal will settle in two parts, with $138.5 million settled on Dec. 21 and the remaining $11.5 million settling in January 2018.
Proceeds were used to pay down debt under the company’s senior secured revolving credit agreement and its revolving credit agreement.
The private business development company is based in New York.
| Issuer: | Owl Rock Capital Corp.
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| Issue: | Senior unsecured notes
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| Amount: | $150 million
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| Maturity: | June 21, 2023
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| Coupon: | 4.75%
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| Settlement date: | Dec. 21 (for $138.5 million), January 2018 (for $11.5 million)
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| Distribution: | Private placement
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