BDC Quick Recap: Owl Rock Capital Corp. (ORCC)
BDC Quick Recap: Owl Rock Capital Corp. (ORCC) as of December 31st, 2022
Owl Rock Capital Corp. (ORCC) filed its earnings Wednesday evening and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Owl Rock Capital Corp. (ORCC) for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $13.01B |
| # of Investments | 377 |
| Total unused commitments to extend financing | $926.1M |
| Portfolio Companies | 184 |
| Portfolio Composition | |
|---|---|
| First Lien | 72.00% |
| Second Lien | 14.80% |
| Equity and Other | 13.20% |
Source: SOLVE Fixed Income, Owl Rock Capital Corp. (ORCC)
Portfolio Credit Quality
| Non-Accruals Cost | $226.0M |
| # of Non-Accruals | 4 |
| # of Portfolio at Cost | 1.70% |
| New Non-Accruals | FR Arsenal Holdings II Corp. |
Source: SOLVE Fixed Income, Owl Rock Capital Corp. (ORCC)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Zendesk Inc | First Lien Senior Secured Loan | Internet software and services | $68.0M | 11/22/2028 | S+650 |
| Covetrus Inc | Second Lien Senior Secured Loan | Healthcare providers and services | $4.9M | 11/30/2030 | S+925 |
Source: SOLVE Fixed Income, Owl Rock Capital Corp. (ORCC)
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| LTP Holdco LLC | Unsecured Facility | Household products | $3.8M | 4/26/2032 | – |
Source: SOLVE Fixed Income, Owl Rock Capital Corp. (ORCC)
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