Owl Rock Capital subsidiary increases credit facility $250 million

Chicago, Oct. 8 – Owl Rock Capital Corp. III subsidiary ORCC III Financing LLC amended its senior secured revolving credit facility on Oct. 6 with Societe Generale as agent, according to an 8-K filing with the Securities and Exchange Commission.

The credit facility financing limit has been increased to $725 million from $475 million.

Also with the amendment, a swingline commitment has been added to the facility.

Sampension Livsforsikring, Arkitekternes Pensionskasse, Pensionskassen for Jordbrugsakademikere og Dyrlæger, Pensionskassen for teknikum og diplomingeniorer, Centennial Bank and AA WH 1 LP were added as revolving lenders, with Societe Generale.

State Street Bank and Trust Co. is the collateral agent, collateral administrator and custodian.

Alter Domus (US) LLC is the collateral custodian.

Interest is Libor plus 215 basis points, so long as there is no default. On sterling loans, the rate is Sonia plus 226.93 bps.

Owl Rock Capital is a business development company based in New York.

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