NEW
YORK, June 22, 2023 /PRNewswire/ -- Owl Rock
Capital Corporation (NYSE: ORCC, or the "Company") today announced
that it will soon be changing its name, ticker, and website. The
Company's board of directors has already approved these changes and
no shareholder vote is required.
Specifically, the Company is taking the following actions,
effective July 6, 2023:
- changing its name to "Blue Owl Capital Corporation";
- updating its ticker symbol with the New York Stock Exchange
from "ORCC" to "OBDC"; and
- changing its website
from www.owlrockcapitalcorporation.com to www.blueowlcapitalcorporation.com.
Owl Rock Capital Corporation is managed by an investment adviser
that is an indirect affiliate of Blue Owl Capital Inc. (NYSE: OWL)
and this name change will not change the day-to-day business of the
Company, but rather is part of a broader initiative to have one
Blue Owl brand. In addition, the Company's adviser, Owl Rock
Capital Advisors LLC intends to change its name to "Blue Owl Credit
Advisors LLC", effective July 6,
2023. CUSIPs for the equity and unsecured notes of the
Company will not change. Additionally, existing CLOs issued by
special purpose vehicles of the Company will not be renamed.
ABOUT OWL ROCK CAPITAL CORPORATION
Owl Rock Capital Corporation (the "Company") is a specialty
finance company focused on lending to U.S. middle-market companies.
As of March 31, 2023, the Company had
investments in 187 portfolio companies with an aggregate fair value
of $13.2 billion. The Company has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended. The Company is
externally managed by Owl Rock Capital Advisors LLC, an
SEC-registered investment adviser that is an indirect affiliate of
Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Owl
Rock, a division of Blue Owl. Owl Rock, together with its
subsidiaries, is a New York-based
direct lending platform with approximately $71.6 billion of assets under management as of
March 31, 2023.
Certain information contained herein may constitute
"forward-looking statements" that involve substantial risks and
uncertainties. Such statements involve known and unknown risks,
uncertainties and other factors and undue reliance should not be
placed thereon. These forward-looking statements are not historical
facts, but rather are based on current expectations, estimates and
projections about the Company, its current and prospective
portfolio investments, its industry, its beliefs and opinions, and
its assumptions. Words such as "anticipates," "expects," "intends,"
"plans," "will," "may," "continue," "believes," "seeks,"
"estimates," "would," "could," "should," "targets," "projects,"
"outlook," "potential," "predicts" and variations of these words
and similar expressions are intended to identify forward-looking
statements. These statements are not guarantees of future
performance and are subject to risks, uncertainties and other
factors, some of which are beyond the Company's control and
difficult to predict and could cause actual results to differ
materially from those expressed or forecasted in the
forward-looking statements including, without limitation, the
risks, uncertainties and other factors identified in the Company's
filings with the SEC. Investors should not place undue reliance on
these forward-looking statements, which apply only as of the date
on which the Company makes them. The Company does not undertake any
obligation to update or revise any forward-looking statements or
any other information contained herein, except as required by
applicable law.
INVESTOR CONTACTS
Investor Contact:
Dana
Sclafani
212-419-3000
owlrockir@blueowl.com
Media Contact:
Prosek Partners
Josh Clarkson
pro-blueowl@prosek.com
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SOURCE Owl Rock Capital Corporation