"ORCC has a diversified set of financing that provides us with substantial liquidity," CEO Craig Packer said in a letter to shareholders, pointing to $1.8 billion of cash and undrawn debt capacity against $0.5 billion in undrawn commitments to its portfolio companies.
"This strong liquidity position will also allow us to continue to support our existing borrowers and selectively deploy capital in additional investment opportunities," Packer said. "We believe ORCC is well-positioned to weather the current market volatility and economic uncertainty."
Price: 11.41, Change: +1.30, Percent Change: +12.86
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