Blue Owl Capital Corp III: debt financing — Owl Rock Capital Corp III issues $100M 8.10% Series 2023A Notes due 2028

Blue Owl Capital Corp III

$100M aggregate principal of Series 2023A Notes at 8.10% fixed rate, due June 29, 2028.
Notes sold to Fortitude Re Investments ($68M), USAA Life Insurance ($24.5M), and American General Life Insurance ($7.5M).
Interest payable semi-annually; notes are unsecured, rank pari passu with other unsecured debt.
Covenants include minimum net worth of $800M and asset coverage ratio of 1.50:1.0.
Notes may be redeemed at par plus make-whole premium; change-in-control prepayment clause applies.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Blue Owl Capital Corp III incurred senior notes of $100,000,000 at 8.10% per year maturing June 29, 2028.

Instrument: senior notes
Principal: $100,000,000
Rate: 8.10% per year
Maturity: June 29, 2028
Event: incurrence

Exact text from the filing

governing the issuance of $100,000,000 in aggregate principal amount of Series 2023A Notes, due June 29, 2028, with a fixed interest rate of 8.10% per year

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Source: SEC EDGAR

accession 0001193125-23-180485

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