secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Capital Corp III (—)
CIK:        0001807427
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001193125-23-180485
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owl Rock Capital Corp III issues $100M 8.10% Series 2023A Notes due 2028
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807427/000119312523180485/0001193125-23-180485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807427/000119312523180485/d505351d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-180485

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