Owl Rock Capital subsidiaries amend credit agreements to tweak sizes

By Wendy Van Sickle

Columbus, Ohio, Nov. 27 – Owl Rock Capital Corp. II subsidiary ORCC Financing IV LLC amended its credit agreement with Societe Generale as administrative agent, State Street Bank and Trust Co. as collateral agent, collateral administrator and custodian, and Cortland Capital Market Services LLC as document custodian on Nov. 22, according to an 8-K filing with the Securities and Exchange Commission.

The maximum principal amount was increased in periodic increments through March 22, 2020 to $450 million from $250 million.

Meanwhile, ORCC Financing II LLC amended its credit agreement dated May 22, 2019 with Natixis, New York Branch as administrative agent to decrease its revolving commitment to $200 million from $400 million.

Owl Rock is a business development company based in New York.

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