According to an SEC filing, on August 26, 2022, Owl Rock Capital Corporation entered into an Amended and Restated Senior Secured Revolving Credit Agreement, which amends and restates in its entirety that certain Senior Secured Revolving Credit Agreement, dated as of February 1, 2017 (as amended, restated, supplemented or otherwise modified prior to August 26, 2022, the “Existing Facility”). The parties to the A&R Facility include the Company, as Borrower, the lenders from time to time parties thereto (each a “Lender” and collectively, the “Lenders”) and Truist Bank as Administrative Agent.

The A&R Facility provides for, among other things, (a) an upsize of the aggregate principal amount of the revolving credit commitments under the A&R Facility from $1.655 billion to $1.855 billion, (b) an upsize of the accordion feature, subject to the satisfaction of various conditions, which could bring total commitments under the Credit Agreement from up to $2.2 billion to up to $2.7825 billion, (c) an upsize of the swingline subfacility from $50 million to $200 million, (d) an extension, for the Extending Lenders (as identified in the A&R Facility) only, of the revolver availability period from September 2025 to August 2026, (e) an extension, for the Extending Lenders (as identified in the A&R Facility) only, of the scheduled maturity date from September 2026 to August 2027, (f) the removal of all maintenance financial covenants other than the minimum shareholders’ equity test and the asset coverage ratio test, (g) a reset of the minimum shareholders’ equity test and (h) the replacement of the LIBOR benchmark provisions under the Existing Facility with SOFR benchmark provisions.

Click here for the full SEC Filing.