By Rebecca Melvin and Cristal Cody
Concord, N.H., Sept. 22 – Owl Rock Core Income Corp. sold an upsized $350 million 3.125% five-year notes on Tuesday to yield Treasuries plus 235 basis points, according to a market source.
The issue was initially talked at $300 million in size.
Pricing was tight to talk in the area of Treasuries plus 250 bps.
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the bookrunners.
Owl Rock is a business development company based in New York.
| Issuer: | Owl Rock Core Income Corp.
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| Issue: | Notes
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| Amount: | $350 million
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| Maturity: | Sept. 23, 2026
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| Bookrunners: | Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC
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| Coupon: | 3.125%
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| Spread: | Treasuries plus 235 bps
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| Trade date: | Sept. 21
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| Price talk: | $300 million at Treasuries plus 250 bps area
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