Item 1.01 - Entry into a Material Definitive Agreement
On September 3, 2020, Owl Rock Capital Corporation (the "Company"), a Maryland
corporation, entered into the Sixth Amendment to Senior Secured Revolving Credit
Agreement (the "Amendment" and the facility as amended, the "Revolving Credit
Facility"), which amended that certain Senior Secured Revolving Credit
Agreement, dated February 1, 2017, as amended by (i) the First Amendment to
Senior Secured Revolving Credit Agreement, dated as of July 17, 2017, (ii) the
First Omnibus Amendment to Senior Secured Revolving Credit Agreement and
Guarantee and Security Agreement, dated as of March 29, 2018, (iii) the Third
Amendment to Senior Secured Revolving Credit Agreement, dated as of June 21,
2018, (iv) the Fourth Amendment to Senior Secured Revolving Credit Agreement,
dated as of April 2, 2019 and (v) the Fifth Amendment to Senior Secured
Revolving Credit Agreement, dated as of May 7, 2020. Among other changes, the
Amendment (a) increased the aggregate commitments under the Revolving Credit
Facility from $1.195 billion to $1.355 billion; (b) increased the accordion
feature, which allows the Company, under certain circumstance, to increase the
size of the Revolving Credit Facility, from $1.5 billion to $2 billion and (c)
with respect to $1.295 billion of commitments (i) extended the stated maturity
date from April 2, 2024 to September 3, 2025 and (ii) extended the commitment
termination date from March 31, 2023 to September 3, 2024.
The foregoing description is only a summary of certain of the provisions of the
Amendment and is qualified in its entirety by the underlying agreement, which
will be filed as an exhibit to the Company's next Quarterly Report on Form 10-Q.
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.
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