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ORCC Owl Rock Capital

Filed: 5 May 21, 4:07pm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal quarter ended March 31, 2021

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 814-01190

 

OWL ROCK CAPITAL CORPORATION

(Exact name of Registrant as specified in its Charter)

 

Maryland

 

47-5402460

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

 

 

399 Park Avenue, 38th Floor, New York, New York

 

10022

(Address of principal executive offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (212) 419-3000

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

ORCC

The New York Stock Exchange

 

 

 

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    YES   NO 

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).    YES   NO 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

 

Accelerated filer

 

 

 

 

 

Non-accelerated filer

 

Small reporting company

 

 

 

 

 

Emerging growth company

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   YES   NO 

As of May 5, 2021, the registrant had 391,401,787 shares of common stock, $0.01 par value per share, outstanding.

 

i


 

Table of Contents

 

 

 

 

 

Page

PART I

 

FINANCIAL INFORMATION

 

 

Item 1.

 

Consolidated Financial Statements

 

2

 

 

Consolidated Statements of Assets and Liabilities as of March 31, 2021 (Unaudited) and December 31, 2020

 

2

 

 

Consolidated Statements of Operations for the Three Months Ended March 31, 2021 and 2020 (Unaudited)

 

3

 

 

Consolidated Schedules of Investments as of March 31, 2021 (Unaudited) and December 31, 2020

 

4

 

 

Consolidated Statements of Changes in Net Assets for the Three Months Ended March 31, 2021 and 2020 (Unaudited)

 

33

 

 

Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2021 and 2020 (Unaudited)

 

34

 

 

Notes to Consolidated Financial Statements (Unaudited)

 

36

Item 2.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

79

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

125

Item 4.

 

Controls and Procedures

 

126

 

 

 

 

 

PART II

 

OTHER INFORMATION

 

 

Item 1.

 

Legal Proceedings

 

127

Item 1A.

 

Risk Factors

 

128

Item 2.

 

Unregistered Sales of Equity Securities and Use of Proceeds

 

129

Item 3.

 

Defaults Upon Senior Securities

 

129

Item 4.

 

Mine Safety Disclosures

 

129

Item 5.

 

Other Information

 

129

Item 6.

 

Exhibits

 

130

Signatures

 

 

 

131

 

 

ii


 

 

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

 

This report contains 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 Owl Rock Capital Corporation (the “Company,” “we” or “our”), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our 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 our 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:

 

 

an economic downturn could impair our portfolio companies’ ability to continue to operate, which could lead to the loss of some or all of our investments in such portfolio companies;

 

an economic downturn could disproportionately impact the companies that we intend to target for investment, potentially causing us to experience a decrease in investment opportunities and diminished demand for capital from these companies;

 

an economic downturn could also impact availability and pricing of our financing and our ability to access the debt and equity capital markets;

 

a contraction of available credit and/or an inability to access the equity markets could impair our lending and investment activities;

 

the impact of the novel strain of coronavirus known as “COVID-19” and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy;

 

interest rate volatility, including the decommissioning of LIBOR, could adversely affect our results, particularly if we elect to use leverage as part of our investment strategy;

 

currency fluctuations could adversely affect the results of our investments in foreign companies, particularly to the extent that we receive payments denominated in foreign currency rather than U.S. dollars;

 

our future operating results;

 

our business prospects and the prospects of our portfolio companies including our and their ability to achieve our respective objectives as a result of the current COVID-19 pandemic;

 

our contractual arrangements and relationships with third parties;

 

the ability of our portfolio companies to achieve their objectives;

 

competition with other entities and our affiliates for investment opportunities;

 

the speculative and illiquid nature of our investments;

 

the use of borrowed money to finance a portion of our investments as well as any estimates regarding potential use of leverage;

 

the adequacy of our financing sources and working capital;

 

the loss of key personnel;

 

the timing of cash flows, if any, from the operations of our portfolio companies;

 

the ability of Owl Rock Capital Advisors LLC (“the Adviser” or “our Adviser”) to locate suitable investments for us and to monitor and administer our investments;

 

the ability of the Adviser to attract and retain highly talented professionals;

 

our ability to qualify for and maintain our tax treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and as a business development company (“BDC”);

 

the effect of legal, tax and regulatory changes, including the Coronavirus Aid, Relief and Economic Security Act signed into law in December 2020 and the American Rescue Plan Act of 2021, signed into law in March 2021; and

 

other risks, uncertainties and other factors previously identified in the reports and other documents we have filed with the Securities and Exchange Commission (“SEC”).

 

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements. Because we are an investment company, the forward-looking statements and projections contained in this report are excluded from the safe harbor protection provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).


1


 

 

PART I. CONSOLIDATED FINANCIAL INFORMATION

 

Item 1. Consolidated Financial Statements

Owl Rock Capital Corporation

Consolidated Statements of Assets and Liabilities

(Amounts in thousands, except share and per share amounts)

 

 

 

March 31, 2021

(Unaudited)

 

 

December 31, 2020

 

Assets

 

 

 

 

 

 

 

 

Investments at fair value

 

 

 

 

 

 

 

 

Non-controlled, non-affiliated investments (amortized cost of $10,892,469 and

     $10,653,613, respectively)

 

$

10,862,051

 

 

$

10,569,691

 

Controlled, affiliated investments (amortized cost of $380,280 and $275,105,

     respectively)

 

 

378,421

 

 

 

272,381

 

Total investments at fair value (amortized cost of $11,272,749 and $10,928,718, respectively)

 

 

11,240,472

 

 

 

10,842,072

 

Cash (restricted cash of $7,699 and $8,841, respectively)

 

 

244,159

 

 

 

347,917

 

Foreign cash (cost of $11,037 and $9,641, respectively)

 

 

11,106

 

 

 

9,994

 

Interest receivable

 

 

55,854

 

 

 

57,108

 

Receivable for investments sold

 

 

4,355

 

 

 

6,316

 

Receivable from a controlled affiliate

 

 

2,367

 

 

 

2,347

 

Prepaid expenses and other assets

 

 

29,929

 

 

 

38,603

 

Total Assets

 

$

11,588,242

 

 

$

11,304,357

 

Liabilities

 

 

 

 

 

 

 

 

Debt (net of unamortized debt issuance costs of $88,161 and $91,085, respectively)

 

$

5,545,891

 

 

$

5,292,722

 

Distribution payable

 

 

121,335

 

 

 

152,087

 

Management fee payable

 

 

42,107

 

 

 

35,936

 

Incentive fee payable

 

 

21,776

 

 

 

19,070

 

Payables to affiliates

 

 

2,587

 

 

 

6,527

 

Accrued expenses and other liabilities

 

 

52,458

 

 

 

51,581

 

Total Liabilities

 

 

5,786,154

 

 

 

5,557,923

 

Commitments and contingencies (Note 7)

 

 

 

 

 

 

 

 

Net Assets

 

 

 

 

 

 

 

 

Common shares $0.01 par value, 500,000,000 shares authorized; 391,401,787 and

     389,966,688 shares issued and outstanding, respectively

 

 

3,914

 

 

 

3,900

 

Additional paid-in-capital

 

 

5,960,109

 

 

 

5,940,979

 

Total distributable earnings (losses)

 

 

(161,935

)

 

 

(198,445

)

Total Net Assets

 

 

5,802,088

 

 

 

5,746,434

 

Total Liabilities and Net Assets

 

$

11,588,242

 

 

$

11,304,357

 

Net Asset Value Per Share

 

$

14.82

 

 

$

14.74

 

 

The accompanying notes are an integral part of these consolidated financial statements.

2


 

Owl Rock Capital Corporation

Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

(Unaudited)

 

 

 

For the Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Investment Income

 

 

 

 

 

 

 

 

Investment income from non-controlled, non-affiliated investments:

 

 

 

 

 

 

 

 

Interest income

 

 

211,032

 

 

$

198,393

 

Dividend Income

 

 

3,559

 

 

 

 

Other income

 

 

3,154

 

 

 

4,151

 

Total investment income from non-controlled, non-affiliated investments

 

 

217,745

 

 

 

202,544

 

Investment income from controlled, affiliated investments:

 

 

 

 

 

 

 

 

Interest income

 

 

1,303

 

 

 

 

Dividend income

 

 

2,368

 

 

 

2,188

 

Other Income

 

 

157

 

 

 

 

Total investment income from controlled, affiliated investments

 

 

3,828

 

 

 

2,188

 

Total Investment Income

 

 

221,573

 

 

 

204,732

 

Expenses

 

 

 

 

 

 

 

 

Interest expense

 

 

48,076

 

 

 

33,957

 

Management fee

 

 

42,110

 

 

 

33,790

 

Performance based incentive fees

 

 

21,775

 

 

 

25,595

 

Professional fees

 

 

3,768

 

 

 

3,152

 

Directors' fees

 

 

244

 

 

 

233

 

Other general and administrative

 

 

1,818

 

 

 

2,164

 

Total Operating Expenses

 

 

117,791

 

 

 

98,891

 

Management and incentive fees waived (Note 3)

 

 

 

 

 

(42,490

)

Net Operating Expenses

 

 

117,791

 

 

 

56,401

 

Net Investment Income (Loss) Before Taxes

 

 

103,782

 

 

 

148,331

 

Income taxes, including excise tax expense (benefit)

 

 

1,127

 

 

 

2,075

 

Net Investment Income (Loss) After Taxes

 

$

102,655

 

 

$

146,256

 

Net Realized and Change in Unrealized Gain (Loss)

 

 

 

 

 

 

 

 

Net change in unrealized gain (loss):

 

 

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

$

57,079

 

 

$

(444,135

)

Income tax (provision) benefit

 

 

(2,633

)

 

 

 

Controlled affiliated investments

 

 

865

 

 

 

(14,899

)

Translation of assets and liabilities in foreign currencies

 

 

(2,432

)

 

 

(81

)

Total Net Change in Unrealized Gain (Loss)

 

 

52,879

 

 

 

(459,115

)

Net realized gain (loss):

 

 

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

 

1,154

 

 

 

348

 

Foreign currency transactions

 

 

1,157

 

 

 

(79

)

Total Net Realized Gain (Loss)

 

 

2,311

 

 

 

269

 

Total Net Realized and Change in Unrealized Gain (Loss)

 

 

55,190

 

 

 

(458,846

)

Net Increase (Decrease) in Net Assets Resulting from Operations

 

$

157,845

 

 

$

(312,590

)

Earnings Per Share - Basic and Diluted

 

$

0.40

 

 

$

(0.79

)

Weighted Average Shares Outstanding - Basic and Diluted

 

 

391,114,767

 

 

 

393,441,711

 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

 

3


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Non-controlled/non-affiliated portfolio company investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace and defense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aviation Solutions Midco, LLC (dba STS Aviation)(4)(6)(24)

 

First lien senior secured loan

 

L + 9.25% (incl. 9.25% PIK)

 

 

1/3/2025

 

 

216,119

 

 

 

213,306

 

 

 

192,346

 

 

 

3.3

 

%

Valence Surface Technologies LLC(4)(7)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

6/28/2025

 

 

98,250

 

 

 

97,148

 

 

 

89,899

 

 

 

1.5

 

%

Valence Surface Technologies LLC(4)(7)(16)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 5.75%

 

 

6/28/2021

 

 

23,760

 

 

 

23,473

 

 

 

21,230

 

 

 

0.4

 

%

Valence Surface Technologies LLC(4)(7)(16)(24)

 

First lien senior secured revolving loan

 

L + 5.75%

 

 

6/28/2025

 

 

6,000

 

 

 

5,894

 

 

 

5,150

 

 

 

0.1

 

%

 

 

 

 

 

 

 

 

 

 

 

344,129

 

 

 

339,821

 

 

 

308,625

 

 

 

5.3

 

%

Automotive

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mavis Tire Express Services Corp.(4)(5)(24)

 

First lien senior secured loan

 

L + 3.25%

 

 

3/20/2025

 

 

862

 

 

 

814

 

 

 

862

 

 

 

 

%

Mavis Tire Express Services Corp.(4)(5)(24)

 

Second lien senior secured loan

 

L + 7.59%

 

 

3/20/2026

 

 

191,281

 

 

 

188,505

 

 

 

191,281

 

 

 

3.3

 

%

 

 

 

 

 

 

 

 

 

 

 

192,143

 

 

 

189,319

 

 

 

192,143

 

 

 

3.3

 

%

Buildings and real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Associations, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 7.00% (incl. 3.00% PIK)

 

 

7/30/2024

 

 

309,140

 

 

 

306,574

 

 

 

309,140

 

 

 

5.3

 

%

Associations, Inc.(4)(6)(16)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 7.00% (incl. 3.00% PIK)

 

 

7/30/2021

 

 

59,617

 

 

 

59,217

 

 

 

59,612

 

 

 

1.0

 

%

Associations, Inc.(4)(6)(24)

 

First lien senior secured revolving loan

 

L + 6.00%

 

 

7/30/2024

 

 

11,543

 

 

 

11,463

 

 

 

11,485

 

 

 

0.2

 

%

Reef Global, Inc. (fka Cheese Acquisition, LLC)(4)(7)(24)

 

First lien senior secured loan

 

L + 6.00% (incl. 1.25% PIK)

 

 

11/28/2024

 

 

134,289

 

 

 

133,106

 

 

 

128,246

 

 

 

2.2

 

%

Imperial Parking Canada(4)(8)(24)

 

First lien senior secured loan

 

C + 6.00% (incl. 1.25% PIK)

 

 

11/28/2024

 

 

28,112

 

 

 

26,569

 

 

 

26,847

 

 

 

0.5

 

%

Reef Global, Inc. (fka Cheese Acquisition, LLC)(4)(6)(16)(24)

 

First lien senior secured revolving loan

 

L + 4.75%

 

 

11/28/2023

 

 

10,987

 

 

 

10,915

 

 

 

10,251

 

 

 

0.2

 

%

 

 

 

 

 

 

 

 

 

 

 

553,688

 

 

 

547,844

 

 

 

545,581

 

 

 

9.4

 

%

Business services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Access CIG, LLC(4)(5)(24)

 

Second lien senior secured loan

 

L + 7.75%

 

 

2/27/2026

 

 

58,760

 

 

 

58,280

 

 

 

58,025

 

 

 

1.0

 

%

4


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

CIBT Global, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 3.75%

 

 

6/3/2024

 

 

841

 

 

 

670

 

 

 

597

 

 

 

 

%

CIBT Global, Inc.(4)(6)(24)(29)

 

Second lien senior secured loan

 

L + 7.75% (incl. 6.75% PIK)

 

 

6/2/2025

 

 

63,678

 

 

 

57,051

 

 

 

25,153

 

 

 

0.4

 

%

ConnectWise, LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 5.25%

 

 

2/28/2025

 

 

178,200

 

 

 

176,620

 

 

 

178,200

 

��

 

3.1

 

%

ConnectWise, LLC(4)(5)(16)(24)

 

First lien senior secured revolving loan

 

L + 5.25%

 

 

2/28/2025

 

 

1,250

 

 

 

1,084

 

 

 

1,250

 

 

 

 

%

Entertainment Benefits Group, LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 8.25% (incl. 2.50% PIK)

 

 

9/30/2025

 

 

81,818

 

 

 

80,873

 

 

 

72,818

 

 

 

1.3

 

%

Entertainment Benefits Group, LLC(4)(6)(16)(24)

 

First lien senior secured revolving loan

 

L + 8.25% (incl. 2.50% PIK)

 

 

9/30/2024

 

 

10,096

 

 

 

9,980

 

 

 

8,864

 

 

 

0.2

 

%

Hercules Borrower, LLC (dba The Vincit Group)(4)(7)(24)

 

First lien senior secured loan

 

L + 6.50%

 

 

12/15/2026

 

 

180,043

 

 

 

177,449

 

 

 

178,243

 

 

 

3.1

 

%

Hercules Borrower, LLC (dba The Vincit Group)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.50%

 

 

12/15/2026

 

 

-

 

 

 

(298

)

 

 

(209

)

 

 

 

%

Hercules Buyer, LLC (dba The Vincit Group)(24)(26)(30)

 

Unsecured notes

 

0.48% (incl. 0.48% PIK)

 

 

12/14/2029

 

 

5,112

 

 

 

5,112

 

 

 

5,112

 

 

 

0.1

 

%

Vestcom Parent Holdings, Inc.(4)(5)

 

Second lien senior secured loan

 

L + 8.00%

 

 

12/19/2024

 

 

78,987

 

 

 

78,356

 

 

 

78,987

 

 

 

1.4

 

%

 

 

 

 

 

 

 

 

 

 

 

658,785

 

 

 

645,177

 

 

 

607,040

 

 

 

10.6

 

%

Chemicals

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aruba Investments Holdings LLC (dba Angus Chemical Company)(4)(7)(24)

 

Second lien senior secured loan

 

L + 7.75%

 

 

11/24/2028

 

 

10,000

 

 

 

9,857

 

 

 

9,900

 

 

 

0.2

 

%

Douglas Products and Packaging Company LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

10/19/2022

 

 

97,687

 

 

 

97,334

 

 

 

96,223

 

 

 

1.7

 

%

Douglas Products and Packaging Company LLC(4)(9)(16)(24)

 

First lien senior secured revolving loan

 

P + 4.75%

 

 

10/19/2022

 

 

4,239

 

 

 

4,215

 

 

 

4,103

 

 

 

0.1

 

%

Gaylord Chemical Company, L.L.C(4)(5)(24)

 

First lien senior secured loan

 

L + 6.00%

 

 

3/30/2027

 

 

153,798

 

 

 

152,262

 

 

 

152,260

 

 

 

2.6

 

%

Gaylord Chemical Company, L.L.C(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.00%

 

 

3/30/2026

 

 

-

 

 

 

(132

)

 

 

(132

)

 

 

 

%

Innovative Water Care Global Corporation(4)(6)(24)

 

First lien senior secured loan

 

L + 5.00%

 

 

2/27/2026

 

 

147,000

 

 

 

139,193

 

 

 

136,710

 

 

 

2.4

 

%

 

 

 

 

 

 

 

 

 

 

 

412,724

 

 

 

402,729

 

 

 

399,064

 

 

 

7.0

 

%

Consumer products

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Feradyne Outdoors, LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 6.25%

 

 

5/25/2023

 

 

88,400

 

 

 

87,966

 

 

 

88,400

 

 

 

1.5

 

%

WU Holdco, Inc. (dba Weiman Products, LLC)(4)(6)(24)

 

First lien senior secured loan

 

L + 5.25%

 

 

3/26/2026

 

 

158,092

 

 

 

155,688

 

 

 

157,697

 

 

 

2.7

 

%

5


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

WU Holdco, Inc. (dba Weiman Products, LLC)(4)(6)(16)(24)

 

First lien senior secured revolving loan

 

L + 5.25%

 

 

3/26/2025

 

 

5,378

 

 

 

5,091

 

 

 

5,330

 

 

 

0.1

 

%

 

 

 

 

 

 

 

 

 

 

 

251,870

 

 

 

248,745

 

 

 

251,427

 

 

 

4.3

 

%

Containers and packaging

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pregis Topco LLC(4)(5)(22)(24)

 

First lien senior secured loan

 

L + 3.75%

 

 

7/31/2026

 

 

861

 

 

 

818

 

 

 

854

 

 

 

 

%

Pregis Topco LLC(4)(5)(24)

 

Second lien senior secured loan

 

L + 7.75%

 

 

7/30/2027

 

 

215,033

 

 

 

211,334

 

 

 

213,959

 

 

 

3.7

 

%

 

 

 

 

 

 

 

 

 

 

 

215,894

 

 

 

212,152

 

 

 

214,813

 

 

 

3.7

 

%

Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ABB/Con-cise Optical Group LLC(4)(7)

 

First lien senior secured loan

 

L + 5.00%

 

 

6/15/2023

 

 

75,423

 

 

 

74,909

 

 

 

71,652

 

 

 

1.2

 

%

ABB/Con-cise Optical Group LLC(4)(7)

 

Second lien senior secured loan

 

L + 9.00%

 

 

6/17/2024

 

 

25,000

 

 

 

24,629

 

 

 

23,000

 

 

 

0.4

 

%

Aramsco, Inc.(4)(5)(24)

 

First lien senior secured loan

 

L + 5.25%

 

 

8/28/2024

 

 

56,333

 

 

 

55,475

 

 

 

56,051

 

 

 

1.0

 

%

Aramsco, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.25%

 

 

8/28/2024

 

 

-

 

 

 

(119

)

 

 

(42

)

 

 

 

%

Endries Acquisition, Inc.(4)(7)(24)

 

First lien senior secured loan

 

L + 6.25%

 

 

12/10/2025

 

 

201,705

 

 

 

199,163

 

 

 

199,183

 

 

 

3.4

 

%

Endries Acquisition, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.25%

 

 

12/10/2024

 

 

-

 

 

 

(291

)

 

 

(338

)

 

 

 

%

Individual Foodservice Holdings, LLC(4)(7)(24)

 

First lien senior secured loan

 

L + 6.25%

 

 

11/22/2025

 

 

141,936

 

 

 

139,537

 

 

 

140,517

 

 

 

2.4

 

%

Individual Foodservice Holdings, LLC(4)(7)(16)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 6.25%

 

 

6/30/2022

 

 

13,664

 

 

 

13,078

 

 

 

13,312

 

 

 

0.2

 

%

Individual Foodservice Holdings, LLC(4)(5)(16)(24)

 

First lien senior secured revolving loan

 

L + 6.25%

 

 

11/22/2024

 

 

3,834

 

 

 

3,495

 

 

 

3,619

 

 

 

0.1

 

%

JM Swank, LLC(4)(6)

 

First lien senior secured loan

 

L + 7.50%

 

 

7/25/2022

 

 

114,663

 

 

 

113,986

 

 

 

114,663

 

 

 

2.0

 

%

Offen, Inc.(4)(5)(24)

 

First lien senior secured loan

 

L + 5.00%

 

 

6/22/2026

 

 

19,729

 

 

 

19,577

 

 

 

19,336

 

 

 

0.3

 

%

QC Supply, LLC(4)(5)

 

First lien senior secured loan

 

L + 7.00% (incl. 1.00% PIK)

 

 

12/29/2022

 

 

34,397

 

 

 

34,118

 

 

 

28,893

 

 

 

0.5

 

%

QC Supply, LLC(4)(5)(16)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

12/29/2021

 

 

4,336

 

 

 

4,318

 

 

 

3,541

 

 

 

0.1

 

%

 

 

 

 

 

 

 

 

 

 

 

691,020

 

 

 

681,875

 

 

 

673,387

 

 

 

11.6

 

%

Education

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructure, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 7.00%

 

 

3/24/2026

 

 

79,663

 

 

 

78,512

 

 

 

79,663

 

 

 

1.4

 

%

Instructure, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

3/24/2026

 

 

-

 

 

 

(58

)

 

 

-

 

 

 

 

%

6


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Learning Care Group (US) No. 2 Inc.(4)(7)(24)

 

Second lien senior secured loan

 

L + 7.50%

 

 

3/13/2026

 

 

26,967

 

 

 

26,620

 

 

 

25,281

 

 

 

0.4

 

%

Severin Acquisition, LLC (dba PowerSchool)(4)(5)(24)

 

Second lien senior secured loan

 

L + 6.75%

 

 

8/3/2026

 

 

87,000

 

 

 

86,471

 

 

 

85,913

 

 

 

1.5

 

%

TSB Purchaser, Inc. (dba Teaching Strategies, Inc.)(4)(6)(24)

 

First lien senior secured loan

 

L + 6.00%

 

 

5/14/2024

 

 

61,423

 

 

 

60,540

 

 

 

61,116

 

 

 

1.1

 

%

TSB Purchaser, Inc. (dba Teaching Strategies, Inc.)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.00%

 

 

5/14/2024

 

 

-

 

 

 

(55

)

 

 

(21

)

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

255,053

 

 

 

252,030

 

 

 

251,952

 

 

 

4.4

 

%

Energy equipment and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liberty Oilfield Services LLC(4)(5)(20)(24)

 

First lien senior secured loan

 

L + 7.63%

 

 

9/19/2022

 

 

13,703

 

 

 

13,619

 

 

 

13,703

 

 

 

0.2

 

%

 

 

 

 

 

 

 

 

 

 

 

13,703

 

 

 

13,619

 

 

 

13,703

 

 

 

0.2

 

%

Financial services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AxiomSL Group, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 6.50%

 

 

12/3/2027

 

 

78,463

 

 

 

77,328

 

 

 

78,070

 

 

 

1.3

 

%

AxiomSL Group, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.50%

 

 

12/3/2025

 

 

-

 

 

 

(131

)

 

 

(47

)

 

 

 

%

Blackhawk Network Holdings, Inc.(4)(5)(24)

 

Second lien senior secured loan

 

L + 7.00%

 

 

6/15/2026

 

 

106,400

 

 

 

105,674

 

 

 

103,740

 

 

 

1.8

 

%

Hg Genesis 8 Sumoco Limited(4)(12)(20)(24)

 

Unsecured facility

 

G + 7.50% (incl. 7.50% PIK)

 

 

8/28/2025

 

 

45,922

 

 

 

43,872

 

 

 

46,037

 

 

 

0.8

 

%

Hg Saturn Luchaco Limited(4)(12)(20)(24)

 

Unsecured facility

 

G + 7.50% (incl. 7.50% PIK)

 

 

3/30/2026

 

 

131,072

 

 

 

130,139

 

 

 

129,433

 

 

 

2.2

 

%

NMI Acquisitionco, Inc. (dba Network Merchants)(4)(5)(24)

 

First lien senior secured loan

 

L + 5.00%

 

 

9/6/2023

 

 

35,589

 

 

 

35,165

 

 

 

35,322

 

 

 

0.6

 

%

NMI Acquisitionco, Inc. (dba Network Merchants)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.00%

 

 

9/6/2023

 

 

-

 

 

 

(5

)

 

 

(5

)

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

397,446

 

 

 

392,042

 

 

 

392,550

 

 

 

6.7

 

%

Food and beverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Caiman Merger Sub LLC (dba City Brewing)(4)(6)(24)

 

First lien senior secured loan

 

L + 5.25%

 

 

11/3/2025

 

 

174,905

 

 

 

173,508

 

 

 

176,654

 

 

 

3.0

 

%

Caiman Merger Sub LLC (dba City Brewing)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.25%

 

 

11/1/2024

 

 

-

 

 

 

(92

)

 

 

-

 

 

 

 

%

CM7 Restaurant Holdings, LLC(4)(5)(24)

 

First lien senior secured loan

 

L + 8.00%

 

 

5/22/2023

 

 

38,507

 

 

 

37,991

 

 

 

37,930

 

 

 

0.7

 

%

H-Food Holdings, LLC(4)(5)(24)

 

Second lien senior secured loan

 

L + 7.00%

 

 

3/2/2026

 

 

121,800

 

 

 

119,633

 

 

 

121,800

 

 

 

2.1

 

%

Hometown Food Company(4)(5)(24)

 

First lien senior secured loan

 

L + 5.00%

 

 

8/31/2023

 

 

21,041

 

 

 

20,823

 

 

 

21,041

 

 

 

0.4

 

%

Hometown Food Company(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.00%

 

 

8/31/2023

 

 

-

 

 

 

(41

)

 

 

-

 

 

 

 

%

7


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Manna Development Group, LLC(4)(5)(24)

 

First lien senior secured loan

 

L + 6.75%

 

 

10/24/2022

 

 

51,957

 

 

 

51,666

 

 

 

49,359

 

 

 

0.9

 

%

Manna Development Group, LLC(4)(5)(24)

 

First lien senior secured revolving loan

 

L + 6.75%

 

 

10/24/2022

 

 

3,143

 

 

 

3,099

 

 

 

2,986

 

 

 

0.1

 

%

Nellson Nutraceutical, LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 5.25%

 

 

12/23/2023

 

 

27,498

 

 

 

26,557

 

 

 

26,673

 

 

 

0.5

 

%

Nutraceutical International Corporation(4)(5)(24)

 

First lien senior secured loan

 

L + 7.00%

 

 

9/30/2026

 

 

215,897

 

 

 

212,881

 

 

 

214,818

 

 

 

3.7

 

%

Nutraceutical International Corporation(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

9/30/2025

 

 

-

 

 

 

(183

)

 

 

(68

)

 

 

 

%

Recipe Acquisition Corp. (dba Roland Corporation)(4)(6)

 

Second lien senior secured loan

 

L + 9.00%

 

 

12/1/2022

 

 

32,000

 

 

 

31,798

 

 

 

25,920

 

 

 

0.4

 

%

Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(4)(5)(24)

 

First lien senior secured loan

 

L + 4.50%

 

 

7/30/2025

 

 

44,200

 

 

 

43,623

 

 

 

42,321

 

 

 

0.7

 

%

Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(4)(5)(16)(24)

 

First lien senior secured revolving loan

 

L + 4.50%

 

 

7/30/2023

 

 

5,640

 

 

 

5,546

 

 

 

5,258

 

 

 

0.1

 

%

Shearer's Foods, LLC(4)(5)(24)

 

Second lien senior secured loan

 

L + 7.75%

 

 

9/22/2028

 

 

120,000

 

 

 

118,855

 

 

 

119,699

 

 

 

2.1

 

%

Tall Tree Foods, Inc.(4)(5)

 

First lien senior secured loan

 

L + 7.25%

 

 

8/12/2022

 

 

48,134

 

 

 

47,993

 

 

 

48,134

 

 

 

0.8

 

%

Ultimate Baked Goods Midco, LLC(4)(5)(24)

 

First lien senior secured loan

 

L + 4.00%

 

 

8/11/2025

 

 

26,392

 

 

 

25,996

 

 

 

25,997

 

 

 

0.4

 

%

Ultimate Baked Goods Midco, LLC(4)(5)(16)(24)

 

First lien senior secured revolving loan

 

L + 4.00%

 

 

8/9/2023

 

 

635

 

 

 

581

 

 

 

559

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

931,749

 

 

 

920,234

 

 

 

919,081

 

 

 

15.9

 

%

Healthcare equipment and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PATRIOT ACQUISITION TOPCO S.À R.L. (dba Corza Health, Inc.)(4)(6)(24)

 

First lien senior secured loan

 

L + 6.75%

 

 

1/29/2028

 

 

132,476

 

 

 

130,191

 

 

 

130,092

 

 

 

2.2

 

%

PATRIOT ACQUISITION TOPCO S.À R.L. (dba Corza Health, Inc.)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.75%

 

 

1/29/2026

 

 

-

 

 

 

(271

)

 

 

(244

)

 

 

 

%

Nelipak Holding Company(4)(7)(24)

 

First lien senior secured loan

 

L + 4.25%

 

 

7/2/2026

 

 

47,400

 

 

 

46,653

 

 

 

46,215

 

 

 

0.8

 

%

Nelipak Holding Company(4)(6)(16)(24)

 

First lien senior secured revolving loan

 

L + 4.25%

 

 

7/2/2024

 

 

4,422

 

 

 

4,326

 

 

 

4,238

 

 

 

0.1

 

%

Nelipak Holding Company(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 4.50%

 

 

7/2/2024

 

 

-

 

 

 

(283

)

 

 

(194

)

 

 

 

%

Nelipak Holding Company(4)(7)(24)

 

Second lien senior secured loan

 

L + 8.25%

 

 

7/2/2027

 

 

67,006

 

 

 

66,160

 

 

 

65,331

 

 

 

1.1

 

%

Nelipak Holding Company(4)(10)(24)

 

Second lien senior secured loan

 

E + 8.50%

 

 

7/2/2027

 

 

70,636

 

 

 

66,412

 

 

 

67,810

 

 

 

1.2

 

%

Packaging Coordinators Midco, Inc.(4)(7)(24)

 

Second lien senior secured loan

 

L + 8.25%

 

 

11/30/2028

 

 

195,044

 

 

 

191,257

 

 

 

192,117

 

 

 

3.3

 

%

 

 

 

 

 

 

 

 

 

 

 

516,984

 

 

 

504,445

 

 

 

505,365

 

 

 

8.7

 

 

8


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Healthcare providers and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Barracuda Dental LLC (dba National Dentex)(4)(6)(24)

 

First lien senior secured loan

 

L + 7.00%

 

 

10/27/2025

 

 

61,893

 

 

 

60,867

 

 

 

61,119

 

 

 

1.1

 

%

Barracuda Dental LLC (dba National Dentex)(4)(16)(18)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 7.00%

 

 

6/30/2022

 

 

-

 

 

 

(100

)

 

 

-

 

 

 

 

%

Barracuda Dental LLC (dba National Dentex)(4)(6)(16)(24)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

10/27/2025

 

 

5,385

 

 

 

5,232

 

 

 

5,268

 

 

 

0.1

 

%

Confluent Health, LLC.(4)(5)(24)

 

First lien senior secured loan

 

L + 5.00%

 

 

6/24/2026

 

 

17,685

 

 

 

17,550

 

 

 

17,464

 

 

 

0.3

 

%

GI CCLS Acquisition LLC (fka GI Chill Acquisition LLC)(4)(6)(24)

 

Second lien senior secured loan

 

L + 7.50%

 

 

8/6/2026

 

 

135,400

 

 

 

134,395

 

 

 

134,385

 

 

 

2.3

 

%

KS Management Services, L.L.C.(4)(5)(24)

 

First lien senior secured loan

 

L + 4.25%

 

 

1/9/2026

 

 

123,437

 

 

 

122,170

 

 

 

123,437

 

 

 

2.1

 

%

Premier Imaging, LLC (dba LucidHealth)(4)(5)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

1/2/2025

 

 

43,827

 

 

 

43,228

 

 

 

43,280

 

 

 

0.7

 

%

Refresh Parent Holdings, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 6.50%

 

 

12/9/2026

 

 

89,648

 

 

 

88,359

 

 

 

88,751

 

 

 

1.5

 

%

Refresh Parent Holdings, Inc.(4)(6)(16)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 6.50%

 

 

6/9/2022

 

 

16,038

 

 

 

15,608

 

 

 

15,877

 

 

 

0.3

 

%

Refresh Parent Holdings, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.50%

 

 

12/9/2026

 

 

-

 

 

 

(153

)

 

 

(108

)

 

 

 

%

TC Holdings, LLC (dba TrialCard)(4)(6)(24)

 

First lien senior secured loan

 

L + 4.50%

 

 

11/14/2023

 

 

83,110

 

 

 

82,287

 

 

 

83,110

 

 

 

1.4

 

%

TC Holdings, LLC (dba TrialCard)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 4.50%

 

 

11/14/2022

 

 

-

 

 

 

(50

)

 

 

-

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

576,423

 

 

 

569,393

 

 

 

572,583

 

 

 

9.8

 

%

Healthcare technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bracket Intermediate Holding Corp.(4)(6)(24)

 

First lien senior secured loan

 

L + 4.25%

 

 

9/5/2025

 

 

520

 

 

 

485

 

 

 

517

 

 

 

 

%

Bracket Intermediate Holding Corp.(4)(6)(24)

 

Second lien senior secured loan

 

L + 8.13%

 

 

9/7/2026

 

 

26,250

 

 

 

25,852

 

 

 

25,922

 

 

 

0.4

 

%

Definitive Healthcare Holdings, LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 5.50%

 

 

7/16/2026

 

 

169,856

 

 

 

168,536

 

 

 

169,007

 

 

 

2.9

 

%

Definitive Healthcare Holdings, LLC(4)(6)(16)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 5.50%

 

 

7/16/2021

 

 

6,706

 

 

 

6,465

 

 

 

6,672

 

 

 

0.1

 

%

Definitive Healthcare Holdings, LLC(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.50%

 

 

7/16/2024

 

 

-

 

 

 

(62

)

 

 

(47

)

 

 

 

%

Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(4)(6)(20)(24)

 

First lien senior secured loan

 

L + 6.25%

 

 

2/20/2026

 

 

90,762

 

 

 

89,753

 

 

 

89,854

 

 

 

1.5

 

%

Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(4)(16)(18)(19)(20)(24)

 

First lien senior secured delayed draw term loan

 

L + 6.25%

 

 

8/16/2021

 

 

-

 

 

 

(75

)

 

 

(62

)

 

 

 

%

9


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(4)(6)(16)(20)(24)

 

First lien senior secured revolving loan

 

L + 6.25%

 

 

2/20/2026

 

 

1,126

 

 

 

1,068

 

 

 

1,070

 

 

 

 

%

Interoperability Bidco, Inc.(4)(7)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

6/25/2026

 

 

75,849

 

 

 

75,098

 

 

 

73,763

 

 

 

1.3

 

%

Interoperability Bidco, Inc.(4)(16)(18)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 5.75%

 

 

6/25/2021

 

 

-

 

 

 

(7

)

 

 

(130

)

 

 

 

%

Interoperability Bidco, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.75%

 

 

6/25/2024

 

 

-

 

 

 

(32

)

 

 

(110

)

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

371,069

 

 

 

367,081

 

 

 

366,456

 

 

 

6.2

 

%

Household products

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hayward Industries, Inc.(4)(5)(22)(24)

 

First lien senior secured loan

 

L + 3.50%

 

 

8/5/2024

 

 

785

 

 

 

771

 

 

 

784

 

 

 

 

%

HGH Purchaser, Inc. (dba Horizon Services)(4)(6)(24)

 

First lien senior secured loan

 

L + 6.75%

 

 

11/3/2025

 

 

76,788

 

 

 

75,864

 

 

 

75,252

 

 

 

1.3

 

%

HGH Purchaser, Inc. (dba Horizon Services)(4)(6)(16)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 6.75%

 

 

2/10/2023

 

 

28,250

 

 

 

27,470

 

 

 

27,351

 

 

 

0.5

 

%

HGH Purchaser, Inc. (dba Horizon Services)(4)(6)(16)(24)

 

First lien senior secured revolving loan

 

L + 6.75%

 

 

11/3/2025

 

 

486

 

 

 

375

 

 

 

292

 

 

 

 

%

Walker Edison Furniture Company LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

3/31/2027

 

 

125,000

 

 

 

123,125

 

 

 

123,124

 

 

 

2.1

 

%

 

 

 

 

 

 

 

 

 

 

 

231,309

 

 

 

227,605

 

 

 

226,803

 

 

 

3.9

 

%

Human resource support services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Ultimate Software Group, Inc.(4)(6)(24)

 

Second lien senior secured loan

 

L + 6.75%

 

 

5/3/2027

 

 

1,592

 

 

 

1,578

 

 

 

1,624

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

1,592

 

 

 

1,578

 

 

 

1,624

 

 

 

 

%

Infrastructure and environmental services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FR Arsenal Holdings II Corp. (dba Applied-Cleveland Holdings, Inc.)(4)(7)

 

First lien senior secured loan

 

L + 7.50%

 

 

9/8/2022

 

 

120,989

 

 

 

120,340

 

 

 

115,544

 

 

 

2.0

 

%

LineStar Integrity Services LLC(4)(7)(24)

 

First lien senior secured loan

 

L + 7.25%

 

 

2/12/2024

 

 

88,625

 

 

 

87,868

 

 

 

77,989

 

 

 

1.3

 

%

 

 

 

 

 

 

 

 

 

 

 

209,614

 

 

 

208,208

 

 

 

193,533

 

 

 

3.3

 

%

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ardonagh Midco 3 PLC(4)(11)(20)(24)

 

First lien senior secured loan

 

E + 7.71% (incl. 2.27% PIK)

 

 

7/14/2026

 

 

10,615

 

 

 

9,856

 

 

 

10,615

 

 

 

0.2

 

%

Ardonagh Midco 3 PLC(4)(12)(20)(24)

 

First lien senior secured loan

 

G + 7.71% (incl. 2.27% PIK)

 

 

7/14/2026

 

 

97,791

 

 

 

85,091

 

 

 

97,791

 

 

 

1.7

 

%

Ardonagh Midco 3 PLC(4)(12)(16)(19)(20)(24)

 

First lien senior secured delayed draw term loan

 

G + 7.71% (incl. 2.27% PIK)

 

 

7/14/2022

 

 

13,687

 

 

 

13,127

 

 

 

13,687

 

 

 

0.2

 

%

Ardonagh Midco 2 PLC(20)(24)(26)

 

Unsecured notes

 

11.50%

 

 

1/15/2027

 

 

9,896

 

 

 

9,812

 

 

 

10,629

 

 

 

0.2

 

%

10


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Integrity Marketing Acquisition, LLC(4)(7)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

8/27/2025

 

 

220,551

 

 

 

217,633

 

 

 

218,346

 

 

 

3.8

 

%

Integrity Marketing Acquisition, LLC(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.75%

 

 

8/27/2025

 

 

-

 

 

 

(163

)

 

 

(148

)

 

 

 

%

KWOR Acquisition, Inc. (dba Alacrity Solutions)(4)(5)(24)

 

First lien senior secured loan

 

L + 4.00%

 

 

6/3/2026

 

 

22,318

 

 

 

21,760

 

 

 

21,872

 

 

 

0.4

 

%

KWOR Acquisition, Inc. (dba Alacrity Solutions)(4)(9)(16)(24)

 

First lien senior secured revolving loan

 

P + 2.25%

 

 

6/3/2024

 

 

1,040

 

 

 

966

 

 

 

936

 

 

 

 

%

KWOR Acquisition, Inc. (dba Alacrity Solutions)(4)(5)(24)

 

Second lien senior secured loan

 

L + 7.75%

 

 

12/3/2026

 

 

62,000

 

 

 

61,213

 

 

 

61,225

 

 

 

1.1

 

%

Norvax, LLC (dba GoHealth)(4)(6)(24)

 

First lien senior secured loan

 

L + 6.50%

 

 

9/15/2025

 

 

198,853

 

 

 

194,777

 

 

 

199,846

 

 

 

3.4

 

%

Norvax, LLC (dba GoHealth)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.50%

 

 

9/13/2024

 

 

-

 

 

 

(127

)

 

 

-

 

 

 

 

%

Peter C. Foy & Associated Insurance Services, LLC(4)(7)(24)

 

First lien senior secured loan

 

L + 6.50%

 

 

3/31/2026

 

 

131,598

 

 

 

129,967

 

 

 

131,598

 

 

 

2.3

 

%

Peter C. Foy & Associated Insurance Services, LLC(4)(6)(16)(19)(24)

 

First lien senior secured delayed draw term loan C

 

L + 6.50%

 

 

9/30/2021

 

 

30,602

 

 

 

30,004

 

 

 

30,602

 

 

 

0.5

 

%

Peter C. Foy & Associated Insurance Services, LLC(4)(16)(18)(19)(24)

 

First lien senior secured delayed draw term loan D

 

L + 6.50%

 

 

9/12/2022

 

 

-

 

 

 

(141

)

 

 

-

 

 

 

 

%

Peter C. Foy & Associated Insurance Services, LLC(4)(7)(16)(24)

 

First lien senior secured revolving loan

 

L + 6.50%

 

 

3/31/2026

 

 

2,551

 

 

 

2,436

 

 

 

2,551

 

 

 

 

%

RSC Acquisition, Inc (dba Risk Strategies)(4)(6)(24)

 

First lien senior secured loan

 

L + 5.50%

 

 

10/30/2026

 

 

29,343

 

 

 

28,854

 

 

 

28,976

 

 

 

0.5

 

%

RSC Acquisition, Inc (dba Risk Strategies)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.50%

 

 

10/30/2026

 

 

-

 

 

 

(15

)

 

 

(12

)

 

 

 

%

THG Acquisition, LLC (dba Hilb)(4)(6)(24)

 

First lien senior secured loan

 

L + 5.95%

 

 

12/2/2026

 

 

98,488

 

 

 

96,333

 

 

 

96,877

 

 

 

1.7

 

%

THG Acquisition, LLC (dba Hilb)(4)(6)(16)(19)

 

First lien senior secured delayed draw term loan

 

L + 6.25%

 

 

12/2/2021

 

 

4,002

 

 

 

3,508

 

 

 

3,952

 

 

 

0.1

 

%

THG Acquisition, LLC (dba Hilb)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.75%

 

 

12/2/2025

 

 

-

 

 

 

(179

)

 

 

(150

)

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

933,335

 

 

 

904,712

 

 

 

929,193

 

 

 

16.1

 

%

Internet software and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3ES Innovation Inc. (dba Aucerna)(4)(6)(20)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

5/13/2025

 

 

39,627

 

 

 

39,265

 

 

 

38,637

 

 

 

0.7

 

%

3ES Innovation Inc. (dba Aucerna)(4)(16)(18)(20)(24)

 

First lien senior secured revolving loan

 

L + 5.75%

 

 

5/13/2025

 

 

-

 

 

 

(33

)

 

 

(97

)

 

 

 

%

Accela, Inc.(4)(5)

 

First lien senior secured loan

 

L + 4.93% (incl. 1.68% PIK)

 

 

9/28/2023

 

 

22,183

 

 

 

21,982

 

 

 

22,183

 

 

 

0.4

 

%

11


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Accela, Inc.(4)(16)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

9/28/2023

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

%

Apptio, Inc.(4)(7)(24)

 

First lien senior secured loan

 

L + 7.25%

 

 

1/10/2025

 

 

50,916

 

 

 

50,024

 

 

 

50,789

 

 

 

0.9

 

%

Apptio, Inc.(4)(7)(16)(24)

 

First lien senior secured revolving loan

 

L + 7.25%

 

 

1/10/2025

 

 

1,112

 

 

 

1,077

 

 

 

1,105

 

 

 

 

%

BCPE Nucleon (DE) SPV, LP(4)(7)(24)

 

First lien senior secured loan

 

L + 7.00%

 

 

9/24/2026

 

 

189,778

 

 

 

187,048

 

 

 

187,880

 

 

 

3.2

 

%

BCTO BSI Buyer, Inc. (dba Buildertrend)(4)(6)(24)

 

First lien senior secured loan

 

L + 7.00%

 

 

12/23/2026

 

 

44,643

 

 

 

44,212

 

 

 

44,420

 

 

 

0.8

 

%

BCTO BSI Buyer, Inc. (dba Buildertrend)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

12/23/2026

 

 

-

 

 

 

(51

)

 

 

(27

)

 

 

 

%

Centrify Corporation(4)(6)(24)

 

First lien senior secured loan

 

L + 6.00%

 

 

3/2/2028

 

 

34,346

 

 

 

33,499

 

 

 

33,488

 

 

 

0.6

 

%

Centrify Corporation(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.00%

 

 

3/2/2027

 

 

-

 

 

 

(90

)

 

 

(91

)

 

 

 

%

Delta TopCo, Inc. (dba Infoblox, Inc.)(4)(7)(24)

 

Second lien senior secured loan

 

L + 7.25%

 

 

12/1/2028

 

 

15,000

 

 

 

14,928

 

 

 

15,000

 

 

 

0.3

 

%

Forescout Technologies, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 9.50% (incl. 9.50% PIK)

 

 

8/17/2026

 

 

51,018

 

 

 

50,241

 

 

 

50,635

 

 

 

0.9

 

%

Forescout Technologies, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 8.50%

 

 

8/18/2025

 

 

-

 

 

 

(82

)

 

 

(40

)

 

 

 

%

Genesis Acquisition Co. (dba Procare Software)(4)(6)(24)

 

First lien senior secured loan

 

L + 4.00%

 

 

7/31/2024

 

 

18,269

 

 

 

18,054

 

 

 

17,583

 

 

 

0.3

 

%

Genesis Acquisition Co. (dba Procare Software)(4)(6)(24)

 

First lien senior secured revolving loan

 

L + 4.00%

 

 

7/31/2024

 

 

2,637

 

 

 

2,608

 

 

 

2,538

 

 

 

 

%

Granicus, Inc.(4)(7)(24)

 

First lien senior secured loan

 

L + 6.50%

 

 

1/29/2027

 

 

10,596

 

 

 

10,346

 

 

 

10,358

 

 

 

0.2

 

%

Granicus, Inc.(4)(16)(18)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 6.50%

 

 

1/30/2023

 

 

-

 

 

 

(48

)

 

 

(45

)

 

 

 

%

Granicus, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.50%

 

 

1/29/2027

 

 

-

 

 

 

(28

)

 

 

(27

)

 

 

 

%

H&F Opportunities LUX III S.À R.L (dba Checkmarx)(4)(7)(20)(24)

 

First lien senior secured loan

 

L + 7.75%

 

 

4/16/2026

 

 

42,250

 

 

 

41,142

 

 

 

42,250

 

 

 

0.7

 

%

H&F Opportunities LUX III S.À R.L (dba Checkmarx)(4)(16)(18)(20)(24)

 

First lien senior secured revolving loan

 

L + 7.75%

 

 

4/16/2026

 

 

-

 

 

 

(409

)

 

 

-

 

 

 

 

%

Hyland Software, Inc.(4)(5)(24)

 

Second lien senior secured loan

 

L + 7.00%

 

 

7/7/2025

 

 

24,705

 

 

 

24,387

 

 

 

24,705

 

 

 

0.4

 

%

IQN Holding Corp. (dba Beeline)(4)(6)(24)

 

First lien senior secured loan

 

L + 5.50%

 

 

8/20/2024

 

 

189,470

 

 

 

187,715

 

 

 

188,996

 

 

 

3.3

 

%

12


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

IQN Holding Corp. (dba Beeline)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.50%

 

 

8/21/2023

 

 

-

 

 

 

(162

)

 

 

(57

)

 

 

 

%

Lightning Midco, LLC (dba Vector Solutions)(4)(7)(24)

 

First lien senior secured loan

 

L + 5.50%

 

 

11/21/2025

 

 

138,550

 

 

 

137,577

 

 

 

138,204

 

 

 

2.4

 

%

Lightning Midco, LLC (dba Vector Solutions)(4)(7)(16)(24)

 

First lien senior secured revolving loan

 

L + 5.50%

 

 

11/21/2023

 

 

4,409

 

 

 

4,339

 

 

 

4,376

 

 

 

0.1

 

%

Litera Bidco LLC(4)(5)(24)

 

First lien senior secured loan

 

L + 5.85%

 

 

5/29/2026

 

 

106,925

 

 

 

105,680

 

 

 

106,658

 

 

 

1.8

 

%

Litera Bidco LLC(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.75%

 

 

5/30/2025

 

 

-

 

 

 

(53

)

 

 

(14

)

 

 

 

%

MINDBODY, Inc.(4)(7)(24)

 

First lien senior secured loan

 

L + 8.50% (incl. 1.50% PIK)

 

 

2/14/2025

 

 

58,405

 

 

 

58,001

 

 

 

54,317

 

 

 

0.9

 

%

MINDBODY, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

2/14/2025

 

 

-

 

 

 

(39

)

 

 

(425

)

 

 

 

%

Trader Interactive, LLC (fka Dominion Web Solutions, LLC)(4)(6)(24)

 

First lien senior secured loan

 

L + 6.25%

 

 

6/17/2024

 

 

132,224

 

 

 

131,234

 

 

 

131,561

 

 

 

2.3

 

%

Trader Interactive, LLC (fka Dominion Web Solutions, LLC)(4)(5)(16)(24)

 

First lien senior secured revolving loan

 

L + 6.25%

 

 

6/15/2023

 

 

426

 

 

 

390

 

 

 

394

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

1,177,489

 

 

 

1,162,754

 

 

 

1,165,254

 

 

 

20.2

 

%

Leisure and entertainment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Troon Golf, L.L.C.(4)(6)(15)(24)

 

First lien senior secured term loan A and B

 

L + 5.50%

(TLA: L + 3.5%; TLB: L + 5.98%)

 

 

3/29/2025

 

 

213,812

 

 

 

211,721

 

 

 

213,812

 

 

 

3.7

 

%

Troon Golf, L.L.C.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.50%

 

 

3/29/2025

 

 

-

 

 

 

(90

)

 

 

-

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

213,812

 

 

 

211,631

 

 

 

213,812

 

 

 

3.7

 

%

Manufacturing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gloves Buyer, Inc. (dba Protective Industrial Products)(4)(5)(24)

 

Second lien senior secured loan

 

L + 8.25%

 

 

12/29/2028

 

 

29,250

 

 

 

28,535

 

 

 

28,665

 

 

 

0.5

 

%

Ideal Tridon Holdings, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

7/31/2024

 

 

53,285

 

 

 

52,777

 

 

 

52,751

 

 

 

0.9

 

%

Ideal Tridon Holdings, Inc.(4)(5)(16)(24)

 

First lien senior secured revolving loan

 

L + 5.75%

 

 

7/31/2023

 

 

900

 

 

 

864

 

 

 

842

 

 

 

 

%

MHE Intermediate Holdings, LLC (dba Material Handling Services)(4)(6)(24)

 

First lien senior secured loan

 

L + 5.00%

 

 

3/8/2024

 

 

23,674

 

 

 

23,531

 

 

 

23,082

 

 

 

0.4

 

%

PHM Netherlands Midco B.V. (dba Loparex)(4)(6)(24)

 

Second lien senior secured loan

 

L + 8.75%

 

 

8/2/2027

 

 

112,000

 

 

 

105,313

 

 

 

108,079

 

 

 

1.9

 

%

PHM Netherlands Midco B.V. (dba Loparex)(4)(6)(24)

 

First lien senior secured loan

 

L + 4.50%

 

 

7/31/2026

 

 

792

 

 

 

737

 

 

 

784

 

 

 

 

%

Professional Plumbing Group, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 6.75%

 

 

4/16/2024

 

 

51,549

 

 

 

51,110

 

 

 

49,229

 

 

 

0.8

 

%

13


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Professional Plumbing Group, Inc.(4)(6)(16)(24)

 

First lien senior secured revolving loan

 

L + 6.75%

 

 

4/16/2023

 

 

6,643

 

 

 

6,589

 

 

 

6,085

 

 

 

0.1

 

%

Safety Products/JHC Acquisition Corp. (dba Justrite Safety Group)(4)(5)(24)

 

First lien senior secured loan

 

L + 4.50%

 

 

6/28/2026

 

 

13,311

 

 

 

13,207

 

 

 

12,079

 

 

 

0.2

 

%

Safety Products/JHC Acquisition Corp. (dba Justrite Safety Group)(4)(5)(16)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 4.50%

 

 

6/28/2021

 

 

720

 

 

 

707

 

 

 

568

 

 

 

 

%

Sonny's Enterprises LLC(4)(5)(24)

 

First lien senior secured loan

 

L + 7.00%

 

 

8/5/2026

 

 

226,057

 

 

 

221,932

 

 

 

226,057

 

 

 

3.9

 

%

Sonny's Enterprises LLC(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

8/5/2025

 

 

-

 

 

 

(312

)

 

 

-

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

518,181

 

 

 

504,990

 

 

 

508,221

 

 

 

8.7

 

%

Oil and gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Black Mountain Sand Eagle Ford LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 8.25%

 

 

8/17/2022

 

 

45,814

 

 

 

45,649

 

 

 

41,462

 

 

 

0.7

 

%

Project Power Buyer, LLC (dba PEC-Veriforce)(4)(6)(24)

 

First lien senior secured loan

 

L + 6.25%

 

 

5/14/2026

 

 

45,437

 

 

 

44,945

 

 

 

45,210

 

 

 

0.8

 

%

Project Power Buyer, LLC (dba PEC-Veriforce)(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 6.25%

 

 

5/14/2025

 

 

-

 

 

 

(27

)

 

 

(16

)

 

 

 

%

Zenith Energy U.S. Logistics Holdings, LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 6.50%

 

 

12/20/2024

 

 

95,365

 

 

 

94,068

 

 

 

94,649

 

 

 

1.6

 

%

 

 

 

 

 

 

 

 

 

 

 

186,616

 

 

 

184,635

 

 

 

181,305

 

 

 

3.1

 

%

Professional services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amspec Services Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

7/2/2024

 

 

111,119

 

 

 

109,883

 

 

 

109,174

 

 

 

1.9

 

%

Amspec Services Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 4.75%

 

 

7/2/2024

 

 

-

 

 

 

(137

)

 

 

(253

)

 

 

 

%

Cardinal US Holdings, Inc.(4)(5)(20)(24)

 

First lien senior secured loan

 

L + 5.00%

 

 

7/31/2023

 

 

89,042

 

 

 

86,974

 

 

 

89,042

 

 

 

1.5

 

%

DMT Solutions Global Corporation(4)(6)(24)

 

First lien senior secured loan

 

L + 7.50%

 

 

7/2/2024

 

 

56,333

 

 

 

54,974

 

 

 

54,502

 

 

 

0.9

 

%

GC Agile Holdings Limited (dba Apex Fund Services)(4)(6)(20)(24)

 

First lien senior secured loan

 

L + 7.00%

 

 

6/15/2025

 

 

158,455

 

 

 

156,423

 

 

 

156,475

 

 

 

2.7

 

%

GC Agile Holdings Limited (dba Apex Fund Services)(4)(16)(18)(20)(24)

 

First lien senior secured revolving loan

 

L + 7.00%

 

 

6/15/2023

 

 

-

 

 

 

(147

)

 

 

(130

)

 

 

 

%

Gerson Lehrman Group, Inc.(4)(7)(24)

 

First lien senior secured loan

 

L + 4.75%

 

 

12/12/2024

 

 

145,527

 

 

 

144,575

 

 

 

145,527

 

 

 

2.5

 

%

Gerson Lehrman Group, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 4.75%

 

 

12/12/2024

 

 

-

 

 

 

(133

)

 

 

-

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

560,476

 

 

 

552,412

 

 

 

554,337

 

 

 

9.5

 

%

Specialty retail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BIG Buyer, LLC(4)(7)(24)

 

First lien senior secured loan

 

L + 6.50%

 

 

11/20/2023

 

 

48,931

 

 

 

48,214

 

 

 

48,196

 

 

 

0.8

 

%

BIG Buyer, LLC(4)(5)(16)(24)

 

First lien senior secured revolving loan

 

L + 6.50%

 

 

11/20/2023

 

 

1,500

 

 

 

1,437

 

 

 

1,444

 

 

 

 

%

EW Holdco, LLC (dba European Wax)(4)(5)(24)

 

First lien senior secured loan

 

L + 5.50%

 

 

9/25/2024

 

 

71,116

 

 

 

70,667

 

 

 

68,272

 

 

 

1.2

 

%

14


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Galls, LLC(4)(6)(24)

 

First lien senior secured loan

 

L + 6.75% (incl. 0.50% PIK)

 

 

1/31/2025

 

 

105,139

 

 

 

104,210

 

 

 

97,780

 

 

 

1.7

 

%

Galls, LLC(4)(6)(16)(24)

 

First lien senior secured revolving loan

 

L + 6.75% (incl. 0.50% PIK)

 

 

1/31/2024

 

 

16,558

 

 

 

16,396

 

 

 

15,079

 

 

 

0.3

 

%

 

 

 

 

 

 

 

 

 

 

 

243,244

 

 

 

240,924

 

 

 

230,771

 

 

 

4.0

 

%

Telecommunications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Park Place Technologies, LLC(4)(5)(24)

 

First lien senior secured loan

 

L + 5.00%

 

 

11/10/2027

 

 

9,000

 

 

 

8,656

 

 

 

8,730

 

 

 

0.2

 

%

 

 

 

 

 

 

 

 

 

 

 

9,000

 

 

 

8,656

 

 

 

8,730

 

 

 

0.2

 

%

Transportation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lazer Spot G B Holdings, Inc.(4)(6)(24)

 

First lien senior secured loan

 

L + 5.75%

 

 

12/9/2025

 

 

145,164

 

 

 

143,109

 

 

 

144,800

 

 

 

2.5

 

%

Lazer Spot G B Holdings, Inc.(4)(16)(18)(24)

 

First lien senior secured revolving loan

 

L + 5.75%

 

 

12/9/2025

 

 

-

 

 

 

(362

)

 

 

(67

)

 

 

 

%

Lytx, Inc.(4)(5)(24)

 

First lien senior secured loan

 

L + 6.00%

 

 

2/28/2026

 

 

53,478

 

 

 

52,704

 

 

 

52,810

 

 

 

0.9

 

%

Lytx, Inc.(4)(6)(16)(19)(24)

 

First lien senior secured delayed draw term loan

 

L + 6.00%

 

 

2/28/2023

 

 

4,650

 

 

 

4,542

 

 

 

4,416

 

 

 

0.1

 

%

Motus, LLC and Runzheimer International LLC(4)(6)(13)(24)

 

First lien senior secured loan

 

L + 6.36%

 

 

1/17/2024

 

 

59,129

 

 

 

58,342

 

 

 

59,129

 

 

 

1.0

 

%

 

 

 

 

 

 

 

 

 

 

 

262,421

 

 

 

258,335

 

 

 

261,088

 

 

 

4.5

 

%

Total non-controlled/non-affiliated portfolio company debt investments

 

 

 

 

 

 

 

 

 

$

10,929,769

 

 

$

10,752,946

 

 

$

10,688,441

 

 

 

184.3

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace and defense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Space Exploration Technologies Corp.(24)(25)(31)

 

Class A Common Stock

 

N/A

 

 

N/A

 

 

823

 

 

 

346

 

 

 

346

 

 

 

 

%

Space Exploration Technologies Corp.(24)(25)(31)

 

Class C Common Stock

 

N/A

 

 

N/A

 

 

561

 

 

 

236

 

 

 

236

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

582

 

 

 

582

 

 

 

 

%

Business services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hercules Buyer, LLC (dba The Vincit Group)(24)(25)(30)(31)

 

Common Units

 

N/A

 

 

N/A

 

 

2,190,000

 

 

 

2,192

 

 

 

2,192

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,192

 

 

 

2,192

 

 

 

 

%

Financial services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blend Labs, Inc.(24)(25)(31)

 

Preferred Stock

 

N/A

 

 

N/A

 

 

216,953

 

 

 

1,000

 

 

 

1,000

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

 

 

%

Food and beverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CM7 Restaurant Holdings, LLC(24)(25)(31)

 

LLC Interest

 

N/A

 

 

N/A

 

 

340

 

 

 

340

 

 

 

607

 

 

 

 

%

H-Food Holdings, LLC(24)(25)(31)

 

LLC Interest

 

N/A

 

 

N/A

 

 

10,875

 

 

 

10,875

 

 

 

11,159

 

 

 

0.2

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,215

 

 

 

11,766

 

 

 

0.2

 

%

Healthcare equipment and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KPCI Holdings, LP(24)(25)(31)

 

LP Interest

 

N/A

 

 

N/A

 

 

25,285

 

 

 

25,285

 

 

 

25,285

 

 

 

0.4

 

%

Patriot Holdings SCSp (dba Corza Health, Inc.)(24)(25)

 

Class A Units

 

8.0% PIK

 

 

N/A

 

 

96,205

 

 

 

7,081

 

 

 

7,081

 

 

 

0.1

 

%

15


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Patriot Holdings SCSp (dba Corza Health, Inc.)(24)(25)(31)

 

Class B Units

 

N/A

 

 

N/A

 

 

6,986

 

 

 

-

 

 

 

-

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32,366

 

 

 

32,366

 

 

 

0.5

 

%

Healthcare providers and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restore OMH Intermediate Holdings, Inc.(24)(25)

 

Senior Preferred Stock

 

13.0% PIK

 

 

N/A

 

 

2,284

 

 

 

23,108

 

 

 

23,054

 

 

 

0.4

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23,108

 

 

 

23,054

 

 

 

0.4

 

%

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Norvax, LLC (dba GoHealth)(24)(25)(31)(32)

 

Common Stock

 

N/A

 

 

N/A

 

 

1,439,481

 

 

 

7,315

 

 

 

16,828

 

 

 

0.3

 

%

PCF Holdco, LLC(16)(24)(25)(31)

 

Class A Units

 

N/A

 

 

9/30/2021

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,315

 

 

 

16,828

 

 

 

0.3

 

%

Manufacturing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gloves Holdings, LP (dba Protective Industrial Products)(24)(25)(31)

 

LP Interest

 

N/A

 

 

N/A

 

 

3,250

 

 

 

3,250

 

 

 

3,250

 

 

 

0.1

 

%

Windows Entities(24)(25)(28)

 

LLC Units

 

N/A

 

 

N/A

 

 

31,822

 

 

 

58,495

 

 

 

82,572

 

 

 

1.4

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

61,745

 

 

 

85,822

 

 

 

1.5

 

%

Total non-controlled/non-affiliated portfolio company equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

139,523

 

 

$

173,610

 

 

 

2.9

 

%

Total non-controlled/non-affiliated portfolio company investments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10,892,469

 

 

$

10,862,051

 

 

 

187.2

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Controlled/affiliated portfolio company investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertising and media

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Swipe Acquisition Corporation (dba PLI)(4)(6)(21)(24)

 

First lien senior secured loan

 

L + 8.00%

 

 

6/29/2024

 

 

50,045

 

 

 

49,111

 

 

 

49,294

 

 

 

0.8

 

%

Swipe Acquisition Corporation (dba PLI)(4)(6)(16)(19)(21)(24)

 

First lien senior secured delayed draw term loan

 

L + 8.00%

 

 

12/31/2021

 

 

5,783

 

 

 

5,783

 

 

 

5,466

 

 

 

0.1

 

%

Swipe Acquisition Corporation (dba PLI)(4)(16)(21)(24)

 

Letter of credit

 

L + 8.00%

 

 

6/29/2024

 

 

-

 

 

 

3

 

 

 

-

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

55,828

 

 

 

54,897

 

 

 

54,760

 

 

 

0.9

 

%

Total controlled/affiliated portfolio company debt investments

 

 

 

 

 

 

 

 

 

$

55,828

 

 

$

54,897

 

 

$

54,760

 

 

 

0.9

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertising and media

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New PLI Holdings, LLC(21)(24)(25)(31)

 

Class A Common Units

 

N/A

 

 

N/A

 

 

86,745

 

 

 

48,007

 

 

 

48,007

 

 

 

0.8

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

48,007

 

 

 

48,007

 

 

 

0.8

 

%

Financial services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wingspire Capital Holdings LLC(16)(21)(23)(25)(31)

 

LLC Interest

 

N/A

 

 

N/A

 

 

167,538

 

 

 

167,538

 

 

 

167,538

 

 

 

2.9

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

167,538

 

 

 

167,538

 

 

 

2.9

 

%

Investment funds and vehicles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sebago Lake LLC(14)(20)(21)(23)(25)

 

LLC Interest

 

N/A

 

 

N/A

 

 

109,838

 

 

 

109,838

 

 

 

108,116

 

 

 

1.9

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

109,838

 

 

 

108,116

 

 

 

1.9

 

%

Total controlled/affiliated portfolio company equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

325,383

 

 

$

323,661

 

 

 

5.6

 

%

Total controlled/affiliated portfolio company investments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

380,280

 

 

$

378,421

 

 

 

6.5

 

%

Total Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,272,749

 

 

$

11,240,472

 

 

 

193.7

 

%

 

16


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

 

 

 

 

Interest Rate Swaps as of March 31, 2021

 

 

Company Receives

 

 

Company Pays

 

Maturity Date

 

Notional Amount

 

 

Hedged Instrument

 

Footnote Reference

Interest rate swap

 

4.75%

 

 

L + 2.545%

 

12/21/2021

 

$

150,000

 

 

2023 Notes

 

Note 6

Interest rate swap

 

5.25%

 

 

L + 2.937%

 

4/10/2024

 

 

400,000

 

 

2024 Notes

 

Note 6

Total

 

 

 

 

 

 

 

 

 

$

550,000

 

 

 

 

 

________________

 

(1)

Certain portfolio company investments are subject to contractual restrictions on sales.

 

(2)

Unless otherwise indicated, all investments are considered Level 3 investments.

 

(3)

The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

 

(4)

Loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the London Interbank Offered Rate (“LIBOR” or “L”, which can include one-, two-, three- or six-month LIBOR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include one-, two-, three- or six-month EURIBOR), British pound sterling LIBOR (“GBPLIBOR” or “G”), or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

 

(5)

The interest rate on these loans is subject to 1 month LIBOR, which as of March 31, 2021 was 0.11%.

 

(6)

The interest rate on these loans is subject to 3 month LIBOR, which as of March 31, 2021 was 0.19%.

 

(7)

The interest rate on these loans is subject to 6 month LIBOR, which as of March 31, 2021 was 0.21%.

 

(8)

The interest rate on this loan is subject to 6 month Canadian Dollar Offered Rate (“CDOR” or “C”), which as of March 31, 2021 was 0.55%.

 

(9)

The interest rate on these loans is subject to Prime, which as of March 31, 2021 was 3.25%.

 

(10)

The interest rate on this loan is subject to 3 month EURIBOR, which as of March 31, 2021 was (0.54)%.

 

(11)

The interest rate on this loan is subject to 6 month EURIBOR, which as of March 31, 2021 was (0.51)%.

 

(12)

The interest rate on this loan is subject to 6 month GBPLIBOR, which as of March 31, 2021 was 0.11%.

 

(13)

The Company may be entitled to receive additional interest as a result of an arrangement with other lenders in the syndication. In exchange for the higher interest rate, the “last-out” portion is at a greater risk of loss.

 

(14)

Investment measured at net asset value (“NAV”).

 

(15)

The first lien term loan is comprised of two components: Term Loan A and Term Loan B. The Company’s Term Loan A and Term Loan B principal amounts are $41.4 million and $172.4 million, respectively. Both Term Loan A and Term Loan B have the same maturity date. Interest disclosed reflects the blended rate of the first lien term loan. The Term Loan A represents a ‘first out’ tranche and the Term Loan B represents a ‘last out’ tranche. The ‘first out’ tranche has priority as to the ‘last out’ tranche with respect to payments of principal, interest and any amounts due thereunder.

 

(16)

Position or portion thereof is an unfunded loan or equity commitment. See Note 7 “Commitments and Contingencies”.

 

(17)

Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See Note 6 “Debt”.

 

(18)

The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

 

(19)

The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

 

(20)

This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of March 31, 2021, non-qualifying assets represented 7.3% of total assets as calculated in accordance with the regulatory requirements.

17


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

 

(21)

As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investment in affiliates for the year ended March 31, 2021, were as follows:

($ in thousands)

 

Fair value

as of December 31, 2020

 

 

Gross Additions(a)

 

 

Gross Reductions(b)

 

 

Change in Unrealized Gains (Losses)

 

 

Fair value

as of March 31, 2021

 

 

Interest Income

 

 

Dividend Income

 

 

Other Income

 

Controlled Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sebago Lake LLC

 

$

105,546

 

 

$

2,000

 

 

$

 

 

$

570

 

 

$

108,116

 

 

$

 

 

$

2,368

 

 

$

 

Swipe Acquisition Corporation (dba PLI)

 

 

99,297

 

 

 

3,175

 

 

 

 

 

 

295

 

 

 

102,767

 

 

 

1,303

 

 

 

 

 

 

157

 

Wingspire Capital Holdings LLC

 

 

67,538

 

 

 

100,000

 

 

 

 

 

 

 

 

 

167,538

 

 

 

 

 

 

 

 

 

 

Total Controlled Affiliates

 

$

272,381

 

 

$

105,175

 

 

$

 

 

$

865

 

 

$

378,421

 

 

$

1,303

 

 

$

2,368

 

 

$

157

 

 

(a)

Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to payment-in-kind (“PIK”) interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments and the movement at fair value of an existing portfolio company into this controlled affiliated category from a different category.

 

(b)

Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, return of capital, the amortization of premiums and the exchange of one or more existing securities for one or more new securities.

 

 

(22)

Level 2 investment.

 

(23)

Investment is not pledged as collateral for the credit facilities.

 

(24)

Represents co-investment made with the Company’s affiliates in accordance with the terms of the exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions.”

 

(25)

Securities acquired in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and may be deemed to be “restricted securities” under the Securities Act. As of March 31, 2021, the aggregate fair value of these securities is $497.3 million or 8.6% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

18


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of March 31, 2021

(Amounts in thousands, except share amounts)

(Unaudited)

 

 

Portfolio Company

 

Investment

 

Acquisition Date

Blend Labs, Inc.

 

Preferred Stock

 

February 24, 2021

CM7 Restaurant Holdings, LLC

 

LLC Interest

 

May 21, 2018

Gloves Holdings, LP (dba Protective Industrial Products)

 

LP Interest

 

December 29, 2020

H-Food Holdings, LLC

 

LLC Interest

 

November 23, 2018

Hercules Buyer, LLC (dba The Vincit Group)

 

Common Units

 

December 15, 2020

KPCI Holdings, LP

 

LP Interest

 

November 30, 2020

New PLI Holdings, LLC

 

Class A Common Units

 

December 23, 2020

Norvax, LLC (dba GoHealth)

 

Common Stock

 

March 23, 2020

Patriot Holdings SCSp (dba Corza Health, Inc.)

 

Class A Units

 

January 29, 2021

Patriot Holdings SCSp (dba Corza Health, Inc.)

 

Class B Units

 

January 29, 2021

PCF Holdco, LLC

 

Class A Units

 

March 30, 2021

Restore OMH Intermediate Holdings, Inc.

 

Senior Preferred Stock

 

December 9, 2020

Sebago Lake LLC*

 

LLC Interest

 

June 20, 2017

Space Exploration Technologies Corp.

 

Class A Common Stock

 

March 25, 2021

Space Exploration Technologies Corp.

 

Class C Common Stock

 

March 25, 2021

Windows Entities

 

LLC Units

 

January 16, 2020

Wingspire Capital Holdings LLC**

 

LLC Interest

 

September 24, 2019

* Refer to Note 4 “Investments – Sebago Lake LLC,” for further information.  

** Refer to Note 3 “Agreements and Related Party Transactions – Controlled/Affiliated Portfolio Companies”.

 

 

(26)

Loan contains a fixed-rate structure.

 

(27)

As of March 31, 2021, the net estimated unrealized loss for U.S. federal income tax purposes was $0.1 billion based on a tax cost basis of $11.4 billion. As of March 31, 2021, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $0.2 billion and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $0.1 billion.

 

(28)

Investment represents multiple underlying investments, including Midwest Custom Windows, LLC, Greater Toronto Custom Windows, Corp., Garden State Custom Windows, LLC, Long Island Custom Windows, LLC, Jemico, LLC and Atlanta Custom Windows, LLC. Greater Toronto Custom Windows, Corp. is considered a non-qualifying asset, with a fair value of $6.3 million as of March 31, 2021.

 

(29)

Loan was on non-accrual status as of March 31, 2021.

 

(30)

We invest in this portfolio company through underlying blocker entities Hercules Blocker 1 LLC, Hercules Blocker 2 LLC, Hercules Blocker 3 LLC, Hercules Blocker 4 LLC, and Hercules Blocker 5 LLC.

 

(31)

Investment is non-income producing.

 

(32)

Level 1 investment.

 

The accompanying notes are an integral part of these consolidated financial statements.

 

19


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Non-controlled/non-affiliated portfolio company investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertising and media

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IRI Holdings, Inc.(4)(5)(26)

 

First lien senior secured loan

 

L + 4.25%

 

12/1/2025

 

$

7,130

 

 

$

7,076

 

 

$

7,058

 

 

 

0.1

 

%

 

 

 

 

 

 

 

 

 

7,130

 

 

 

7,076

 

 

 

7,058

 

 

 

0.1

 

%

Aerospace and defense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aviation Solutions Midco, LLC (dba STS Aviation)(4)(7)(26)

 

First lien senior secured loan

 

L + 9.25% (incl. 9.25% PIK)

 

1/3/2025

 

 

210,719

 

 

 

207,743

 

 

 

183,326

 

 

 

3.2

 

%

Valence Surface Technologies LLC(4)(8)(26)

 

First lien senior secured loan

 

L + 5.75%

 

6/28/2025

 

 

98,500

 

 

 

97,340

 

 

 

90,129

 

 

 

1.6

 

%

Valence Surface Technologies LLC(4)(7)(19)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 5.75%

 

6/28/2021

 

 

23,820

 

 

 

23,515

 

 

 

21,285

 

 

 

0.4

 

%

Valence Surface Technologies LLC(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.75%

 

6/28/2025

 

 

 

 

 

(112

)

 

 

(850

)

 

 

 

%

 

 

 

 

 

 

 

 

 

333,039

 

 

 

328,486

 

 

 

293,890

 

 

 

5.2

 

%

Automotive

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mavis Tire Express Services Corp.(4)(7)(24)(26)

 

First lien senior secured loan

 

L + 3.25%

 

3/20/2025

 

 

864

 

 

 

813

 

 

 

847

 

 

 

 

%

Mavis Tire Express Services Corp.(4)(7)(26)

 

Second lien senior secured loan

 

L + 7.57%

 

3/20/2026

 

 

179,905

 

 

 

177,149

 

 

 

176,776

 

 

 

3.1

 

%

Mavis Tire Express Services Corp.(4)(19)(20)(21)(26)

 

Second lien senior secured delayed draw term loan

 

L + 8.00%

 

3/20/2021

 

 

 

 

 

-

 

 

 

(48

)

 

 

 

%

 

 

 

 

 

 

 

 

 

180,769

 

 

 

177,962

 

 

 

177,575

 

 

 

3.1

 

%

Buildings and real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Associations, Inc.(4)(7)(26)

 

First lien senior secured loan

 

L + 7.00% (incl. 3.00% PIK)

 

7/30/2024

 

 

307,333

 

 

 

304,807

 

 

 

305,795

 

 

 

5.3

 

%

Associations, Inc.(4)(7)(19)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 7.00% (incl. 3.00% PIK)

 

7/30/2021

 

 

59,153

 

 

 

58,724

 

 

 

58,849

 

 

 

1.0

 

%

Associations, Inc.(4)(7)(26)

 

First lien senior secured revolving loan

 

L + 6.00%

 

7/30/2024

 

 

11,543

 

 

 

11,457

 

 

 

11,427

 

 

 

0.2

 

%

Reef Global, Inc. (fka Cheese Acquisition, LLC)(4)(8)(26)

 

First lien senior secured loan

 

L + 5.75%  (incl. 1.00% PIK)

 

11/28/2024

 

 

134,253

 

 

 

132,953

 

 

 

128,212

 

 

 

2.2

 

%

Imperial Parking Canada(4)(10)(26)

 

First lien senior secured loan

 

C + 6.25%  (incl. 1.25% PIK)

 

11/28/2024

 

 

27,749

 

 

 

26,561

 

 

 

26,501

 

 

 

0.5

 

%

Reef Global, Inc. (fka Cheese Acquisition, LLC)(4)(5)(19)(26)

 

First lien senior secured revolving loan

 

L + 4.75%

 

11/28/2023

 

 

10,987

 

 

 

10,893

 

 

 

10,251

 

 

 

0.2

 

%

Velocity Commercial Capital, LLC(4)(7)(26)

 

First lien senior secured loan

 

L + 7.50%

 

8/29/2024

 

 

63,980

 

 

 

63,369

 

 

 

63,181

 

 

 

1.1

 

%

 

 

 

 

 

 

 

 

 

614,998

 

 

 

608,764

 

 

 

604,216

 

 

 

10.5

 

%

Business services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Access CIG, LLC(4)(5)(26)

 

Second lien senior secured loan

 

L + 7.75%

 

2/27/2026

 

 

58,760

 

 

 

58,260

 

 

 

57,732

 

 

 

1.0

 

%

CIBT Global, Inc.(4)(7)(26)

 

First lien senior secured loan

 

L + 3.75%

 

6/3/2024

 

 

843

 

 

 

660

 

 

 

599

 

 

 

 

%

CIBT Global, Inc.(4)(7)(26)(31)

 

Second lien senior secured loan

 

L + 7.75% (incl. 6.75% PIK)

 

6/2/2025

 

 

62,621

 

 

 

57,364

 

 

 

32,563

 

 

 

0.6

 

%

20


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

ConnectWise, LLC(4)(7)(26)

 

First lien senior secured loan

 

L + 5.25%

 

2/28/2025

 

 

178,653

 

 

 

176,981

 

 

 

178,653

 

 

 

3.1

 

%

ConnectWise, LLC(4)(5)(19)(26)

 

First lien senior secured revolving loan

 

L + 5.25%

 

2/28/2025

 

 

5,001

 

 

 

4,824

 

 

 

5,001

 

 

 

0.1

 

%

Entertainment Benefits Group, LLC(4)(7)(26)

 

First lien senior secured loan

 

L + 8.25% (incl. 2.50% PIK)

 

9/30/2025

 

 

81,250

 

 

 

80,262

 

 

 

71,500

 

 

 

1.2

 

%

Entertainment Benefits Group, LLC(4)(7)(19)(26)

 

First lien senior secured revolving loan

 

L + 8.25% (incl. 2.50% PIK)

 

9/30/2024

 

 

10,096

 

 

 

9,971

 

 

 

8,752

 

 

 

0.2

 

%

Hercules Borrower, LLC (dba The Vincit Group)(4)(8)(26)

 

First lien senior secured loan

 

L + 6.50%

 

12/15/2026

 

 

180,043

 

 

 

177,358

 

 

 

177,343

 

 

 

3.1

 

%

Hercules Borrower, LLC (dba The Vincit Group)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 6.50%

 

12/15/2026

 

 

 

 

 

(311

)

 

 

(314

)

 

 

 

%

Hercules Buyer, LLC (dba The Vincit Group)(26)(29)(32)

 

Unsecured notes

 

0.48% (inc. 0.48% PIK)

 

12/14/2029

 

 

5,112

 

 

 

5,112

 

 

 

5,112

 

 

 

0.1

 

%

Vestcom Parent Holdings, Inc.(4)(5)

 

Second lien senior secured loan

 

L + 8.00%

 

12/19/2024

 

 

78,987

 

 

 

78,321

 

 

 

78,987

 

 

 

1.4

 

%

 

 

 

 

 

 

 

 

 

661,366

 

 

 

648,802

 

 

 

615,928

 

 

 

10.8

 

%

Chemicals

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aruba Investments Holdings LLC (dba Angus Chemical Company)(4)(8)(26)

 

Second lien senior secured loan

 

L + 7.75%

 

11/24/2028

 

 

10,000

 

 

 

9,854

 

 

 

9,850

 

 

 

0.2

 

%

Douglas Products and Packaging Company LLC(4)(7)(26)

 

First lien senior secured loan

 

L + 5.75%

 

10/19/2022

 

 

97,939

 

 

 

97,530

 

 

 

95,980

 

 

 

1.7

 

%

Douglas Products and Packaging Company LLC(4)(11)(19)(26)

 

First lien senior secured revolving loan

 

P + 4.75%

 

10/19/2022

 

 

3,028

 

 

 

3,000

 

 

 

2,846

 

 

 

 

%

Innovative Water Care Global Corporation(4)(7)(26)

 

First lien senior secured loan

 

L + 5.00%

 

2/27/2026

 

 

147,375

 

 

 

139,223

 

 

 

129,690

 

 

 

2.3

 

%

 

 

 

 

 

 

 

 

 

258,342

 

 

 

249,607

 

 

 

238,366

 

 

 

4.2

 

%

Consumer products

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Feradyne Outdoors, LLC(4)(7)(26)

 

First lien senior secured loan

 

L + 6.25%

 

5/25/2023

 

 

88,400

 

 

 

87,920

 

 

 

86,632

 

 

 

1.5

 

%

WU Holdco, Inc. (dba Weiman Products, LLC)(4)(7)(26)

 

First lien senior secured loan

 

L + 5.25%

 

3/26/2026

 

 

158,495

 

 

 

155,981

 

 

 

157,702

 

 

 

2.7

 

%

WU Holdco, Inc. (dba Weiman Products, LLC)(4)(7)(19)(26)

 

First lien senior secured revolving loan

 

L + 5.25%

 

3/26/2025

 

 

3,182

 

 

 

2,986

 

 

 

3,112

 

 

 

0.1

 

%

 

 

 

 

 

 

 

 

 

250,077

 

 

 

246,887

 

 

 

247,446

 

 

 

4.3

 

%

Containers and packaging

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pregis Topco LLC(4)(5)(24)(26)

 

First lien senior secured loan

 

L + 3.75%

 

7/31/2026

 

 

863

 

 

 

819

 

 

 

859

 

 

 

-

 

%

Pregis Topco LLC(4)(5)(26)

 

Second lien senior secured loan

 

L + 7.75%

 

7/30/2027

 

 

215,033

 

 

 

211,223

 

 

 

213,959

 

 

 

3.6

 

%

 

 

 

 

 

 

 

 

 

215,896

 

 

 

212,042

 

 

 

214,818

 

 

 

3.6

 

%

Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ABB/Con-cise Optical Group LLC(4)(8)

 

First lien senior secured loan

 

L + 5.00%

 

6/15/2023

 

 

75,620

 

 

 

75,053

 

 

 

68,815

 

 

 

1.2

 

%

ABB/Con-cise Optical Group LLC(4)(8)

 

Second lien senior secured loan

 

L + 9.00%

 

6/17/2024

 

 

25,000

 

 

 

24,604

 

 

 

21,875

 

 

 

0.4

 

%

Aramsco, Inc.(4)(5)(26)

 

First lien senior secured loan

 

L + 5.25%

 

8/28/2024

 

 

56,477

 

 

 

55,561

 

 

 

55,912

 

 

 

1.0

 

%

21


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Aramsco, Inc.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.25%

 

8/28/2024

 

 

-

 

 

 

(128

)

 

 

(84

)

 

 

 

%

Endries Acquisition, Inc.(4)(9)(26)

 

First lien senior secured loan

 

L + 6.25%

 

12/10/2025

 

 

202,219

 

 

 

199,557

 

 

 

198,680

 

 

 

3.5

 

%

Endries Acquisition, Inc.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 6.25%

 

12/10/2024

 

 

 

 

 

(310

)

 

 

(473

)

 

 

 

%

Individual Foodservice Holdings, LLC(4)(8)(26)

 

First lien senior secured loan

 

L + 6.25%

 

11/22/2025

 

 

156,900

 

 

 

154,129

 

 

 

154,547

 

 

 

2.7

 

%

Individual Foodservice Holdings, LLC(4)(8)(19)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 6.25%

 

6/30/2022

 

 

12,587

 

 

 

11,912

 

 

 

12,012

 

 

 

0.2

 

%

Individual Foodservice Holdings, LLC(4)(5)(19)(26)

 

First lien senior secured revolving loan

 

L + 6.25%

 

11/22/2024

 

 

5,276

 

 

 

4,877

 

 

 

4,919

 

 

 

0.1

 

%

Storm Chaser Intermediate II Holding Corporation (dba JM Swank, LLC)(4)(7)

 

First lien senior secured loan

 

L + 7.50%

 

7/25/2022

 

 

114,964

 

 

 

114,167

 

 

 

114,676

 

 

 

2.0

 

%

Offen, Inc.(4)(5)(26)

 

First lien senior secured loan

 

L + 5.00%

 

6/22/2026

 

 

19,780

 

 

 

19,620

 

 

 

19,285

 

 

 

0.3

 

%

QC Supply, LLC(4)(5)

 

First lien senior secured loan

 

L + 7.00% (incl. 1.00% PIK)

 

12/29/2022

 

 

34,568

 

 

 

34,248

 

 

 

29,037

 

 

 

0.5

 

%

QC Supply, LLC(4)(5)(19)

 

First lien senior secured revolving loan

 

L + 7.00%

 

12/29/2021

 

 

4,336

 

 

 

4,311

 

 

 

3,541

 

 

 

0.1

 

%

 

 

 

 

 

 

 

 

 

707,727

 

 

 

697,601

 

 

 

682,742

 

 

 

12.0

 

%

Education

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructure, Inc.(4)(7)(26)

 

First lien senior secured loan

 

L + 7.00%

 

3/24/2026

 

 

84,660

 

 

 

83,400

 

 

 

84,660

 

 

 

1.5

 

%

Instructure, Inc.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 7.00%

 

3/24/2026

 

 

-

 

 

 

(60

)

 

 

-

 

 

 

-

 

%

Learning Care Group (US) No. 2 Inc.(4)(8)(26)

 

Second lien senior secured loan

 

L + 7.50%

 

3/13/2026

 

 

26,967

 

 

 

26,606

 

 

 

23,731

 

 

 

0.4

 

%

Severin Acquisition, LLC (dba PowerSchool)(4)(5)(26)

 

Second lien senior secured loan

 

L + 6.75%

 

8/3/2026

 

 

112,000

 

 

 

111,259

 

 

 

109,480

 

 

 

1.9

 

%

TSB Purchaser, Inc. (dba Teaching Strategies, Inc.)(4)(7)(26)

 

First lien senior secured loan

 

L + 6.00%

 

5/14/2024

 

 

61,581

 

 

 

60,634

 

 

 

61,120

 

 

 

1.0

 

%

TSB Purchaser, Inc. (dba Teaching Strategies, Inc.)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 6.00%

 

5/14/2024

 

 

 

 

 

(59

)

 

 

(32

)

 

 

 

%

 

 

 

 

 

 

 

 

 

285,208

 

 

 

281,780

 

 

 

278,959

 

 

 

4.8

 

%

Energy equipment and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liberty Oilfield Services LLC(4)(5)(22)(26)

 

First lien senior secured loan

 

L + 7.63%

 

9/19/2022

 

 

13,759

 

 

 

13,661

 

 

 

13,587

 

 

 

0.2

 

%

 

 

 

 

 

 

 

 

 

13,759

 

 

 

13,661

 

 

 

13,587

 

 

 

0.2

 

%

Financial services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AxiomSL Group, Inc.(4)(7)(26)

 

First lien senior secured loan

 

L + 6.50%

 

12/3/2027

 

 

78,659

 

 

 

77,490

 

 

 

77,479

 

 

 

1.3

 

%

AxiomSL Group, Inc.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 6.50%

 

12/3/2025

 

 

-

 

 

 

(138

)

 

 

(140

)

 

 

 

%

Blackhawk Network Holdings, Inc.(4)(5)(26)

 

Second lien senior secured loan

 

L + 7.00%

 

6/15/2026

 

 

106,400

 

 

 

105,644

 

 

 

99,750

 

 

 

1.7

 

%

Hg Genesis 8 Sumoco Limited(4)(14)(22)(26)

 

Unsecured facility

 

G + 7.50% (incl. 7.50% PIK)

 

8/28/2025

 

 

43,841

 

 

 

42,148

 

 

 

44,499

 

 

 

0.8

 

%

NMI Acquisitionco, Inc. (dba Network Merchants)(4)(5)(26)

 

First lien senior secured loan

 

L + 5.00%

 

9/6/2022

 

 

27,904

 

 

 

27,640

 

 

 

27,625

 

 

 

0.5

 

%

22


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

NMI Acquisitionco, Inc. (dba Network Merchants)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.00%

 

9/6/2022

 

 

-

 

 

 

(6

)

 

 

(6

)

 

 

 

%

 

 

 

 

 

 

 

 

 

256,804

 

 

 

252,778

 

 

 

249,207

 

 

 

4.3

 

%

Food and beverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Caiman Merger Sub LLC (dba City Brewing)(4)(5)(26)

 

First lien senior secured loan

 

L + 5.75%

 

11/3/2025

 

 

175,347

 

 

 

173,881

 

 

 

176,224

 

 

 

3.1

 

%

Caiman Merger Sub LLC (dba City Brewing)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.75%

 

11/1/2024

 

 

 

 

 

(99

)

 

 

-

 

 

 

 

%

CM7 Restaurant Holdings, LLC(4)(5)(26)

 

First lien senior secured loan

 

L + 8.00%

 

5/22/2023

 

 

38,507

 

 

 

37,937

 

 

 

37,352

 

 

 

0.7

 

%

H-Food Holdings, LLC(4)(5)(24)(26)

 

First lien senior secured loan

 

L + 4.00%

 

5/23/2025

 

 

12,861

 

 

 

12,768

 

 

 

12,656

 

 

 

0.2

 

%

H-Food Holdings, LLC(4)(5)(26)

 

Second lien senior secured loan

 

L + 7.00%

 

3/2/2026

 

 

121,800

 

 

 

119,542

 

 

 

119,060

 

 

 

2.1

 

%

Hometown Food Company(4)(5)(26)

 

First lien senior secured loan

 

L + 5.00%

 

8/31/2023

 

 

21,388

 

 

 

21,145

 

 

 

21,388

 

 

 

0.4

 

%

Hometown Food Company(4)(5)(19)(26)

 

First lien senior secured revolving loan

 

L + 5.00%

 

8/31/2023

 

 

565

 

 

 

520

 

 

 

565

 

 

 

 

%

Manna Development Group, LLC(4)(5)(26)

 

First lien senior secured loan

 

L + 6.75%

 

10/24/2022

 

 

52,764

 

 

 

52,426

 

 

 

49,598

 

 

 

0.9

 

%

Manna Development Group, LLC(4)(5)(26)

 

First lien senior secured revolving loan

 

L + 6.75%

 

10/24/2022

 

 

3,183

 

 

 

3,132

 

 

 

2,992

 

 

 

0.1

 

%

Nellson Nutraceutical, LLC(4)(7)(26)

 

First lien senior secured loan

 

L + 5.25%

 

12/23/2023

 

 

27,498

 

 

 

26,480

 

 

 

26,536

 

 

 

0.5

 

%

Nutraceutical International Corporation(4)(5)(26)

 

First lien senior secured loan

 

L + 7.00%

 

9/30/2026

 

 

217,255

 

 

 

214,110

 

 

 

215,083

 

 

 

3.6

 

%

Nutraceutical International Corporation(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 7.00%

 

9/30/2025

 

 

 

 

 

(193

)

 

 

(136

)

 

 

 

%

Recipe Acquisition Corp. (dba Roland Corporation)(4)(7)

 

Second lien senior secured loan

 

L + 9.00%

 

12/1/2022

 

 

32,000

 

 

 

31,771

 

 

 

26,560

 

 

 

0.5

 

%

Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(4)(5)(26)

 

First lien senior secured loan

 

L + 4.50%

 

7/30/2025

 

 

44,313

 

 

 

43,705

 

 

 

42,430

 

 

 

0.7

 

%

Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(4)(5)(19)(26)

 

First lien senior secured revolving loan

 

L + 4.50%

 

7/30/2023

 

 

4,560

 

 

 

4,456

 

 

 

4,178

 

 

 

0.1

 

%

Shearer's Foods, LLC(4)(7)(26)

 

Second lien senior secured loan

 

L + 7.75%

 

9/22/2028

 

 

120,000

 

 

 

118,829

 

 

 

119,400

 

 

 

2.1

 

%

Tall Tree Foods, Inc.(4)(5)

 

First lien senior secured loan

 

L + 7.25%

 

8/12/2022

 

 

48,284

 

 

 

48,103

 

 

 

47,438

 

 

 

0.8

 

%

Ultimate Baked Goods Midco, LLC(4)(5)(26)

 

First lien senior secured loan

 

L + 4.00%

 

8/11/2025

 

 

26,460

 

 

 

26,043

 

 

 

26,064

 

 

 

0.5

 

%

Ultimate Baked Goods Midco, LLC(4)(5)(19)(26)

 

First lien senior secured revolving loan

 

L + 4.00%

 

8/9/2023

 

 

445

 

 

 

385

 

 

 

368

 

 

 

 

%

 

 

 

 

 

 

 

 

 

947,230

 

 

 

934,941

 

 

 

927,756

 

 

 

16.3

 

%

Healthcare equipment and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nelipak Holding Company(4)(8)(26)

 

First lien senior secured loan

 

L + 4.25%

 

7/2/2026

 

 

47,521

 

 

 

46,742

 

 

 

46,333

 

 

 

0.8

 

%

Nelipak Holding Company(4)(7)(19)(26)

 

First lien senior secured revolving loan

 

L + 4.25%

 

7/2/2024

 

 

4,422

 

 

 

4,319

 

 

 

4,238

 

 

 

0.1

 

%

Nelipak Holding Company(4)(12)(19)(26)

 

First lien senior secured revolving loan

 

E + 4.50%

 

7/2/2024

 

 

492

 

 

 

147

 

 

 

290

 

 

 

 

%

Nelipak Holding Company(4)(8)(26)

 

Second lien senior secured loan

 

L + 8.25%

 

7/2/2027

 

 

67,006

 

 

 

66,135

 

 

 

65,331

 

 

 

1.1

 

%

23


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Nelipak Holding Company(4)(12)(26)

 

Second lien senior secured loan

 

E + 8.50%

 

7/2/2027

 

 

73,536

 

 

 

66,385

 

 

 

70,595

 

 

 

1.2

 

%

Packaging Coordinators Midco, Inc.(4)(8)(26)

 

Second lien senior secured loan

 

L + 8.25%

 

11/30/2028

 

 

195,044

 

 

 

191,173

 

 

 

191,143

 

 

 

3.3

 

%

 

 

 

 

 

 

 

 

 

388,021

 

 

 

374,901

 

 

 

377,930

 

 

 

6.5

 

 

Healthcare providers and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Barracuda Dental LLC (dba National Dentex)(4)(7)(26)

 

First lien senior secured loan

 

L + 7.00%

 

10/27/2025

 

 

62,048

 

 

 

60,974

 

 

 

60,937

 

 

 

1.1

 

%

Barracuda Dental LLC (dba National Dentex)(4)(19)(20)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 7.00%

 

6/30/2022

 

 

-

 

 

 

(105

)

 

 

(164

)

 

 

 

%

Barracuda Dental LLC (dba National Dentex)(4)(7)(19)(26)

 

First lien senior secured revolving loan

 

L + 7.00%

 

10/27/2025

 

 

3,512

 

 

 

3,351

 

 

 

3,344

 

 

 

0.1

 

%

Confluent Health, LLC.(4)(5)(26)

 

First lien senior secured loan

 

L + 5.00%

 

6/24/2026

 

 

17,730

 

 

 

17,589

 

 

 

17,331

 

 

 

0.3

 

%

GI CCLS Acquisition LLC (fka GI Chill Acquisition LLC)(4)(7)(26)

 

Second lien senior secured loan

 

L + 7.50%

 

8/6/2026

 

 

135,400

 

 

 

134,357

 

 

 

133,708

 

 

 

2.3

 

%

KS Management Services, L.L.C.(4)(5)(26)

 

First lien senior secured loan

 

L + 4.25%

 

1/9/2026

 

 

123,750

 

 

 

122,422

 

 

 

123,751

 

 

 

2.2

 

%

Premier Imaging, LLC (dba LucidHealth)(4)(5)(26)

 

First lien senior secured loan

 

L + 5.50%

 

1/2/2025

 

 

33,320

 

 

 

32,851

 

 

 

32,737

 

 

 

0.6

 

%

Refresh Parent Holdings, Inc.(4)(7)(26)

 

First lien senior secured loan

 

L + 6.50%

 

12/9/2026

 

 

89,872

 

 

 

88,536

 

 

 

88,524

 

 

 

1.4

 

%

Refresh Parent Holdings, Inc.(4)(19)(20)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 6.50%

 

6/9/2022

 

 

-

 

 

 

(73

)

 

 

(74

)

 

 

 

%

Refresh Parent Holdings, Inc.(4)(7)(19)(26)

 

First lien senior secured revolving loan

 

L + 6.50%

 

12/9/2026

 

 

3,060

 

 

 

2,900

 

 

 

2,899

 

 

 

0.1

 

%

TC Holdings, LLC (dba TrialCard)(4)(7)(26)

 

First lien senior secured loan

 

L + 4.50%

 

11/14/2023

 

 

83,324

 

 

 

82,427

 

 

 

83,324

 

 

 

1.5

 

%

TC Holdings, LLC (dba TrialCard)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 4.50%

 

11/14/2022

 

 

 

 

 

(58

)

 

 

 

 

 

 

%

 

 

 

 

 

 

 

 

 

552,016

 

 

 

545,171

 

 

 

546,317

 

 

 

9.6

 

%

Healthcare technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bracket Intermediate Holding Corp.(4)(7)(26)

 

First lien senior secured loan

 

L + 4.25%

 

9/5/2025

 

 

521

 

 

 

485

 

 

 

512

 

 

 

 

%

Bracket Intermediate Holding Corp.(4)(7)(26)

 

Second lien senior secured loan

 

L + 8.13%

 

9/7/2026

 

 

26,250

 

 

 

25,838

 

 

 

25,594

 

 

 

0.4

 

%

Definitive Healthcare Holdings, LLC(4)(7)(26)

 

First lien senior secured loan

 

L + 5.50%

 

7/16/2026

 

 

197,734

 

 

 

196,131

 

 

 

195,756

 

 

 

3.4

 

%

Definitive Healthcare Holdings, LLC(4)(7)(19)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 5.50%

 

7/16/2021

 

 

7,807

 

 

 

7,531

 

 

 

7,728

 

 

 

0.1

 

%

Definitive Healthcare Holdings, LLC(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.50%

 

7/16/2024

 

 

 

 

 

(77

)

 

 

(109

)

 

 

 

%

Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(4)(7)(22)(26)

 

First lien senior secured loan

 

L + 6.25%

 

2/20/2026

 

 

67,852

 

 

 

67,092

 

 

 

66,834

 

 

 

1.2

 

%

Intelerad Medical Systems Incorporated(fka 11849573 Canada Inc.)(4)(7)(19)(22)(26)

 

First lien senior secured revolving loan

 

L + 6.25%

 

2/20/2026

 

 

1,126

 

 

 

1,066

 

 

 

1,041

 

 

 

 

%

Interoperability Bidco, Inc.(4)(7)(26)

 

First lien senior secured loan

 

L + 5.75%

 

6/25/2026

 

 

76,042

 

 

 

75,260

 

 

 

73,571

 

 

 

1.3

 

%

Interoperability Bidco, Inc.(4)(19)(20)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 5.75%

 

6/25/2021

 

 

 

 

 

(8

)

 

 

(170

)

 

 

 

%

Interoperability Bidco, Inc.(4)(7)(26)

 

First lien senior secured revolving loan

 

L + 5.75%

 

6/25/2024

 

 

4,000

 

 

 

3,965

 

 

 

3,870

 

 

 

0.1

 

%

24


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Project Ruby Ultimate Parent Corp. (dba Wellsky)(4)(5)(26)

 

First lien senior secured loan

 

L + 4.25%

 

2/9/2024

 

 

2,906

 

 

 

2,863

 

 

 

2,863

 

 

 

 

%

Project Ruby Ultimate Parent Corp. (dba Wellsky)(4)(5)(26)

 

Second lien senior secured loan

 

L + 8.25%

 

2/9/2025

 

 

9,457

 

 

 

9,268

 

 

 

9,268

 

 

 

0.2

 

%

 

 

 

 

 

 

 

 

 

393,695

 

 

 

389,414

 

 

 

386,758

 

 

 

6.7

 

%

Household products

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hayward Industries, Inc.(4)(5)(24)(26)

 

First lien senior secured loan

 

L + 3.50%

 

8/5/2024

 

 

918

 

 

 

899

 

 

 

906

 

 

 

 

%

Hayward Industries, Inc.(4)(5)(26)

 

Second lien senior secured loan

 

L + 8.25%

 

8/4/2025

 

 

52,149

 

 

 

51,458

 

 

 

51,628

 

 

 

0.9

 

%

HGH Purchaser, Inc. (dba Horizon Services)(4)(7)(26)

 

First lien senior secured loan

 

L + 6.75%

 

11/3/2025

 

 

76,982

 

 

 

76,015

 

 

 

74,673

 

 

 

1.3

 

%

HGH Purchaser, Inc. (dba Horizon Services)(4)(7)(19)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 6.75%

 

11/1/2021

 

 

26,993

 

 

 

26,394

 

 

 

26,090

 

 

 

0.5

 

%

HGH Purchaser, Inc. (dba Horizon Services)(4)(7)(19)(26)

 

First lien senior secured revolving loan

 

L + 6.75%

 

11/3/2025

 

 

972

 

 

 

855

 

 

 

680

 

 

 

 

%

 

 

 

 

 

 

 

 

 

158,014

 

 

 

155,621

 

 

 

153,977

 

 

 

2.7

 

%

Human resource support services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Ultimate Software Group, Inc.(4)(7)(26)

 

Second lien senior secured loan

 

L + 6.75%

 

5/3/2027

 

 

1,592

 

 

 

1,578

 

 

 

1,624

 

 

 

 

%

 

 

 

 

 

 

 

 

 

1,592

 

 

 

1,578

 

 

 

1,624

 

 

 

-

 

%

Infrastructure and environmental services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FR Arsenal Holdings II Corp. (dba Applied-Cleveland Holdings, Inc.)(4)(7)

 

First lien senior secured loan

 

L + 7.50%

 

9/8/2022

 

 

121,900

 

 

 

120,927

 

 

 

115,805

 

 

 

2.0

 

%

LineStar Integrity Services LLC(4)(8)(26)

 

First lien senior secured loan

 

L + 7.25%

 

2/12/2024

 

 

88,851

 

 

 

87,950

 

 

 

78,189

 

 

 

1.4

 

%

 

 

 

 

 

 

 

 

 

210,751

 

 

 

208,877

 

 

 

193,994

 

 

 

3.4

 

%

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ardonagh Midco 2 PLC(22)(26)(29)

 

Unsecured notes

 

12.75% PIK

 

1/15/2027

 

 

9,300

 

 

 

9,213

 

 

 

9,951

 

 

 

0.2

 

%

Ardonagh Midco 3 PLC(4)(14)(22)(26)

 

First lien senior secured loan

 

G + 8.25% (incl. 2.81% PIK)

 

7/14/2026

 

 

95,791

 

 

 

83,893

 

 

 

95,791

 

 

 

1.7

 

%

Ardonagh Midco 3 PLC(4)(13)(22)(26)

 

First lien senior secured loan

 

E + 8.25% (incl. 2.81% PIK)

 

7/14/2026

 

 

10,924

 

 

 

9,720

 

 

 

10,924

 

 

 

0.2

 

%

Ardonagh Midco 3 PLC(4)(14)(19)(21)(22)(26)

 

First lien senior secured delayed draw term loan

 

G + 8.25% (incl. 2.81% PIK)

 

7/14/2022

 

 

3,390

 

 

 

2,730

 

 

 

3,390

 

 

 

0.1

 

%

Asurion, LLC(4)(5)(24)(26)

 

Second lien senior secured loan

 

L + 6.50%

 

8/4/2025

 

 

50,450

 

 

 

50,235

 

 

 

50,768

 

 

 

0.9

 

%

Integrity Marketing Acquisition, LLC(4)(8)(26)

 

First lien senior secured loan

 

L + 5.75%

 

8/27/2025

 

 

221,109

 

 

 

218,033

 

 

 

217,792

 

 

 

3.8

 

%

Integrity Marketing Acquisition, LLC(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.75%

 

8/27/2025

 

 

 

 

 

(172

)

 

 

(222

)

 

 

 

%

KWOR Acquisition, Inc. (dba Worley Claims Services)(4)(5)(26)

 

First lien senior secured loan

 

L + 4.00%

 

6/3/2026

 

 

20,312

 

 

 

19,780

 

 

 

19,804

 

 

 

0.3

 

%

KWOR Acquisition, Inc. (dba Worley Claims Services)(4)(19)(20)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 4.00%

 

6/3/2021

 

 

 

 

 

(52

)

 

 

(52

)

 

 

 

%

25


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

KWOR Acquisition, Inc. (dba Worley Claims Services)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 4.00%

 

6/3/2024

 

 

 

 

 

(80

)

 

 

(130

)

 

 

 

%

KWOR Acquisition, Inc. (dba Worley Claims Services)(4)(5)(26)

 

Second lien senior secured loan

 

L + 7.75%

 

12/3/2026

 

 

49,600

 

 

 

48,976

 

 

 

48,732

 

 

 

0.8

 

%

Norvax, LLC (dba GoHealth)(4)(7)(26)

 

First lien senior secured loan

 

L + 6.50%

 

9/15/2025

 

 

199,357

 

 

 

195,089

 

 

 

199,856

 

 

 

3.4

 

%

Norvax, LLC (dba GoHealth)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 6.50%

 

9/13/2024

 

 

 

 

 

(136

)

 

 

 

 

 

 

%

Peter C. Foy & Associated Insurance Services, LLC(4)(8)(26)

 

First lien senior secured loan

 

L + 6.25%

 

3/31/2026

 

 

123,891

 

 

 

122,224

 

 

 

123,891

 

 

 

2.2

 

%

Peter C. Foy & Associated Insurance Services, LLC(4)(7)(19)(21)

 

First lien senior secured delayed draw term loan

 

L + 6.25%

 

9/30/2021

 

 

12,044

 

 

 

11,636

 

 

 

12,044

 

 

 

0.2

 

%

Peter C. Foy & Associated Insurance Services, LLC(4)(8)(19)(26)

 

First lien senior secured revolving loan

 

L + 6.25%

 

3/31/2026

 

 

2,531

 

 

 

2,414

 

 

 

2,531

 

 

 

 

%

RSC Acquisition, Inc (dba Risk Strategies)(4)(7)(26)

 

First lien senior secured loan

 

L + 5.50%

 

10/30/2026

 

 

53,649

 

 

 

52,845

 

 

 

52,441

 

 

 

0.9

 

%

RSC Acquisition, Inc (dba Risk Strategies)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.50%

 

10/30/2026

 

 

 

 

 

(28

)

 

 

(38

)

 

 

 

%

THG Acquisition, LLC (dba Hilb)(4)(9)(26)

 

First lien senior secured loan

 

L + 5.89%

 

12/2/2026

 

 

81,921

 

 

 

80,061

 

 

 

80,246

 

 

 

1.4

 

%

THG Acquisition, LLC (dba Hilb)(4)(7)(19)(21)(26)

 

First lien senior secured delayed draw term loan

 

L + 5.78%

 

12/2/2021

 

 

17,938

 

 

 

17,082

 

 

 

17,452

 

 

 

0.3

 

%

THG Acquisition, LLC (dba Hilb)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.75%

 

12/2/2025

 

 

 

 

 

(189

)

 

 

(193

)

 

 

 

%

 

 

 

 

 

 

 

 

 

952,207

 

 

 

923,274

 

 

 

944,978

 

 

 

16.4

 

%

Internet software and services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accela, Inc.(4)(5)

 

First lien senior secured loan

 

L + 4.92%  (incl. 1.67% PIK)

 

9/28/2023

 

 

22,090

 

 

 

21,871

 

 

 

22,090

 

 

 

0.4

 

%

Accela, Inc.(4)(19)(20)

 

First lien senior secured revolving loan

 

L + 7.00%

 

9/28/2023

 

 

 

 

 

 

 

 

 

 

 

 

%

Apptio, Inc.(4)(8)(26)

 

First lien senior secured loan

 

L + 7.25%

 

1/10/2025

 

 

50,916

 

 

 

49,975

 

 

 

50,662

 

 

 

0.9

 

%

Apptio, Inc.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 7.25%

 

1/10/2025

 

 

 

 

 

(37

)

 

 

(14

)

 

 

 

%

3ES Innovation Inc. (dba Aucerna)(4)(7)(22)(26)

 

First lien senior secured loan

 

L + 5.75%

 

5/13/2025

 

 

39,728

 

 

 

39,346

 

 

 

38,536

 

 

 

0.7

 

%

3ES Innovation Inc. (dba Aucerna)(4)(19)(20)(22)(26)

 

First lien senior secured revolving loan

 

L + 5.75%

 

5/13/2025

 

 

 

 

 

(35

)

 

 

(117

)

 

 

 

%

BCPE Nucleon (DE) SPV, LP(4)(7)(26)

 

First lien senior secured loan

 

L + 7.00%

 

9/24/2026

 

 

213,500

 

 

 

210,318

 

 

 

210,297

 

 

 

3.7

 

%

BCTO BSI Buyer, Inc. (dba Buildertrend)(4)(7)(26)

 

First lien senior secured loan

 

L + 7.00%

 

12/23/2026

 

 

44,643

 

 

 

44,198

 

 

 

44,196

 

 

 

0.8

 

%

BCTO BSI Buyer, Inc. (dba Buildertrend)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 7.00%

 

12/23/2026

 

 

 

 

 

(53

)

 

 

(54

)

 

 

 

%

Delta TopCo, Inc. (dba Infoblox, Inc.)(4)(8)(26)

 

Second lien senior secured loan

 

L + 7.25%

 

12/1/2028

 

 

15,000

 

 

 

14,927

 

 

 

14,925

 

 

 

0.3

 

%

Forescout Technologies, Inc.(4)(7)(26)

 

First lien senior secured loan

 

L + 9.50%  ( incl. 9.50% PIK)

 

8/17/2026

 

 

49,834

 

 

 

49,032

 

 

 

49,211

 

 

 

0.9

 

%

26


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Forescout Technologies, Inc.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 8.50%

 

8/18/2025

 

 

 

 

 

(87

)

 

 

(67

)

 

 

 

%

Genesis Acquisition Co. (dba Procare Software)(4)(7)(26)

 

First lien senior secured loan

 

L + 4.00%

 

7/31/2024

 

 

18,315

 

 

 

18,085

 

 

 

17,629

 

 

 

0.3

 

%

Genesis Acquisition Co. (dba Procare Software)(4)(7)(26)

 

First lien senior secured revolving loan

 

L + 4.00%

 

7/31/2024

 

 

2,637

 

 

 

2,606

 

 

 

2,538

 

 

 

 

%

Granicus, Inc.(4)(8)(26)

 

First lien senior secured loan

 

L + 7.00%

 

8/21/2026

 

 

41,756

 

 

 

40,760

 

 

 

42,173

 

 

 

0.7

 

%

Granicus, Inc.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 7.00%

 

8/21/2026

 

 

 

 

 

(62

)

 

 

 

 

 

 

%

H&F Opportunities LUX III S.À R.L (dba Checkmarx)(4)(8)(22)(26)

 

First lien senior secured loan

 

L + 7.75%

 

4/16/2026

 

 

42,250

 

 

 

41,100

 

 

 

42,144

 

 

 

0.7

 

%

H&F Opportunities LUX III S.À R.L (dba Checkmarx)(4)(19)(20)(22)(26)

 

First lien senior secured revolving loan

 

L + 7.75%

 

4/16/2026

 

 

 

 

 

(429

)

 

 

(41

)

 

 

 

%

Hyland Software, Inc.(4)(5)(26)

 

Second lien senior secured loan

 

L + 7.00%

 

7/7/2025

 

 

24,705

 

 

 

24,372

 

 

 

24,848

 

 

 

0.4

 

%

IQN Holding Corp. (dba Beeline)(4)(7)(26)

 

First lien senior secured loan

 

L + 5.50%

 

8/20/2024

 

 

189,956

 

 

 

188,084

 

 

 

188,531

 

 

 

3.3

 

%

IQN Holding Corp. (dba Beeline)(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.50%

 

8/21/2023

 

 

 

 

 

(179

)

 

 

(170

)

 

 

 

%

Lightning Midco, LLC (dba Vector Solutions)(4)(8)(26)

 

First lien senior secured loan

 

L + 5.50%

 

11/21/2025

 

 

138,905

 

 

 

137,883

 

 

 

138,209

 

 

 

2.4

 

%

Lightning Midco, LLC (dba Vector Solutions)(4)(8)(19)(26)

 

First lien senior secured revolving loan

 

L + 5.50%

 

11/21/2023

 

 

4,409

 

 

 

4,332

 

 

 

4,343

 

 

 

0.1

 

%

Litera Bidco LLC(4)(5)(26)

 

First lien senior secured loan

 

L + 5.43%

 

5/29/2026

 

 

84,186

 

 

 

83,185

 

 

 

83,766

 

 

 

1.5

 

%

Litera Bidco LLC(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.25%

 

5/30/2025

 

 

 

 

 

(56

)

 

 

(29

)

 

 

 

%

MINDBODY, Inc.(4)(8)(26)

 

First lien senior secured loan

 

L + 8.50%  (incl. 1.50% PIK)

 

2/14/2025

 

 

58,187

 

 

 

57,761

 

 

 

53,532

 

 

 

0.9

 

%

MINDBODY, Inc.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 7.00%

 

2/14/2025

 

 

 

 

 

(42

)

 

 

(486

)

 

 

 

%

SURF HOLDINGS, LLC (dba Sophos Group plc)(4)(7)(22)(26)

 

Second lien senior secured loan

 

L + 8.00%

 

3/6/2028

 

 

40,385

 

 

 

39,458

 

 

 

39,981

 

 

 

0.7

 

%

Trader Interactive, LLC (fka Dominion Web Solutions, LLC)(4)(7)(26)

 

First lien senior secured loan

 

L + 6.25%

 

6/17/2024

 

 

132,566

 

 

 

131,507

 

 

 

131,240

 

 

 

2.2

 

%

Trader Interactive, LLC (fka Dominion Web Solutions, LLC)(4)(5)(19)(26)

 

First lien senior secured revolving loan

 

L + 6.25%

 

6/15/2023

 

 

1,916

 

 

 

1,876

 

 

 

1,852

 

 

 

 

%

 

 

 

 

 

 

 

 

 

1,215,884

 

 

 

1,199,696

 

 

 

1,199,725

 

 

 

20.9

 

%

Leisure and entertainment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Troon Golf, L.L.C.(4)(7)(18)(26)

 

First lien senior secured term loan A and B

 

L + 5.50%

(TLA: L + 3.5%; TLB: L + 5.98%)

 

3/29/2025

 

 

219,112

 

 

 

216,856

 

 

 

218,564

 

 

 

3.7

 

%

Troon Golf, L.L.C.(4)(19)(20)(26)

 

First lien senior secured revolving loan

 

L + 5.50%

 

3/29/2025

 

 

 

 

 

(99

)

 

 

(36

)

 

 

 

%

 

 

 

 

 

 

 

 

 

219,112

 

 

 

216,757

 

 

 

218,528

 

 

 

3.7

 

%

Manufacturing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gloves Buyer, Inc. (dba Protective Industrial Products)(4)(5)(26)

 

Second lien senior secured loan

 

L + 8.25%

 

12/29/2028

 

 

29,250

 

 

 

28,519

 

 

 

28,519

 

 

 

0.5

 

%

27


Owl Rock Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2020

(Amounts in thousands, except share amounts)

 

Company(1)(2)(17)

 

Investment

 

Interest

 

Maturity Date

 

Par / Units

 

 

Amortized Cost(3)(27)

 

 

Fair Value

 

 

Percentage of Net Assets

 

 

Ideal Tridon Holdings, Inc.(4)(7)(26)

 

First lien senior secured loan

 

L + 5.75%

 

7/31/2024

 

 

53,310

 

 

 

52,757

 

 

 

52,111

 

 

 

0.9

 

%

Ideal Tridon Holdings, Inc.(4)(5)(19)(26)

 

First lien senior secured revolving loan

 

L + 5.75%

 

7/31/2023

 

 

900

 

 

 

858

 

 

 

771

 

 

 

 

%

MHE Intermediate Holdings, LLC(dba Material Handling Services)(4)(7)(26)

 

First lien senior secured loan

 

L + 5.00%

 

3/8/2024

 

 

23,726

 

 

 

23,571

 

 

 

23,014

 

 

 

0.4

 

%

PHM Netherlands Midco B.V. (dba Loparex)(4)(7)(26)

 

First lien senior secured loan

 

L + 4.50%

 

7/31/2026

 

 

794

 

 

 

737

 

 

 

780

 

 

 

 

%

PHM Netherlands Midco B.V. (dba Loparex)(4)(7)(26)

 

Second lien senior secured loan

 

L + 8.75%

 

8/2/2027

 

 

112,000

 

 

 

105,126

 

 

 

106,960

 

 

 

1.8

 

%

Professional Plumbing Group, Inc.(4)(7)(26)