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EX-10.1 - EX-10.1 - Owl Rock Core Income Corp.d409658dex101.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 13, 2021

 

 

OWL ROCK CORE INCOME CORP.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Maryland   814-01369   85-1187564

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

399 Park Avenue,

38th Floor

New York, NY

  10022
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: (212) 419-3000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

None    None    None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 1.01. Entry into a Material Definitive Agreement.

On September 13, 2021, Owl Rock Core Income Corp. (the “Company”) entered into Amendment No. 2 (the “Amendment”) to the Amended and Restated Loan Agreement, dated as of May 12, 2021, by and between the Company and Owl Rock Feeder FIC ORCIC Debt LLC (the “Promissory Note”). The Amendment increases the amount available to the Company under the Promissory Note from $100 million to $250 million and extends the maturity date from February 28, 2022 to February 28, 2023.

The foregoing description is only a summary of certain of the provisions of the Amendment and is qualified in its entirety by the Amendment which is filed as an exhibit hereto.

Item 2.02. Results of Operations and Financial Condition.

As of September 13, 2021, the Company had $48.0 million outstanding under the Promissory Note and $487.3 million outstanding under the Company’s senior secured revolving credit facility.

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.

Item 8.01. Other Events.

On September 13, 2021, the Company’s board of directors declared special distributions, as follows:

 

Record Date    Payment Date
   Amount Per Share  

October 31, 2021

   November 30, 2021    $ 0.00144722  

November 30, 2021

   December 29, 2021    $ 0.00289444  

December 31, 2021

   January 31, 2022    $ 0.00434166  

 

Item 9.01.

Financial Statements and Exhibits

(d) Exhibits

 

Exhibit Number    Description
10.1    Amendment No. 2, dated as of September 13, 2021, to the Amended and Restated Loan Agreement, dated as of May  12, 2021, by and between Owl Rock Core Income Corp. and Owl Rock Feeder FIC ORCIC Debt LLC.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    OWL ROCK CORE INCOME CORP.
Dated: September 14, 2021     By:  

/s/ Bryan Cole

     

Name: Bryan Cole

Title:   Chief Operating Officer and Chief Financial Officer