By Cristal Cody
Chicago, Oct. 5 – Owl Rock Capital Corp III sold $325 million of 3.125% notes due April 13, 2027 (//BBB-) at a 215 basis points over Treasuries spread on Tuesday, a market source noted.
The notes came low to talk in the Treasuries plus 225 bps area.
J.P. Morgan Securities LLC and SMBC Nikko Securities America Inc. are the bookrunners.
Owl Rock is a business development company based in New York.
| Issuer: | Owl Rock Capital Corp. III
|
| Issue: | Notes
|
| Amount: | $325 million
|
| Maturity: | April 13, 2027
|
| Bookrunners: | J.P. Morgan Securities LLC and SMBC Nikko Securities America Inc.
|
| Coupon: | 3.125%
|
| Spread: | Treasuries plus 215 bps
|
| Trade date: | Oct. 5
|
| Rating: | Fitch: BBB-
|
| Price talk: | Treasuries plus 225 bps area
|
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