Owl Rock Capital Corp ORCC:NYSE

Last Price$12.82NYSE Previous Close - Last Trade as of 6:30PM ET 6/05/20

Today's Change+0.14(1.10%)
Bid (Size)$12.50 (15)
Ask (Size)$17.80 (1)
Day Low / High$12.76 - 13.01
Volume1.4 M

Owl Rock Capital Completes $395 million CLO Financing

9:23AM ET 3/27/2020 MT Newswires
Owl Rock Capital (ORCC) said Friday that it has closed Owl Rock CLO III, Ltd, a $395.31 million collateralized loan obligation transaction.

"Following this transaction, we have approximately $2 billion of cash and undrawn debt capacity and remain well positioned to continue executing our investment strategy of lending to upper-middle-market, sponsor-backed companies in recession resistant industries," said CEO Craig Packer.

The CLO issued $260 million of floating and fixed-rate notes, and has a reinvestment period of four years and a final maturity of April 20, 2032. Owl Rock said it will use the net proceeds from the secured notes to repay revolving loans borrowed by the company and its subsidiaries under existing credit facilities.

Price: 11.18, Change: +1.07, Percent Change: +10.58