Owl Rock ups revolver to $250 million, cuts term loan to $100 million

By Sarah Lizee

Olympia, Wash., March 20 – Owl Rock Capital Corp. subsidiary ORCC Financing II LLC amended its credit agreement with Natixis, New York Branch as administrative agent on Tuesday, increasing revolving commitments to $250 million from $200 million and decreasing term loan commitments to $100 million from $150 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment was also made to extend the reinvestment period, extend the maturity and adjust the applicable margins.

State Street Bank and Trust Co. is the collateral agent and Cortland Capital Market Services LLC is the document custodian.

Owl Rock is a New York-based middle-market debt and equity asset management company.

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