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Owl Rock Capital Corp (ORCC) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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ORCC Annual Reports

  • 10-K Annual Report February 2022
  • 10-K Annual Report February 2021
    10-K Annual Report February 2020

Owl Rock Capital Corp

CIK: 1655888 Ticker: ORCC

 

Exhibit 99.1

 

Owl Rock Capital Corp. Reports Full Year Results and Fourth Quarter Net Investment Income Per Share of $0.35 and NAV Per Share of $15.08

 

NEW YORK — February 23, 2022 — Owl Rock Capital Corporation (NYSE: ORCC, or the “Company”) today reported net investment income of $137.9 million, or $0.35 per share, and net income of $174.0 million, or $0.44 per share, for the fourth quarter ended December 31, 2021. Reported net asset value per share was $15.08 at December 31, 2021 as compared to $14.95 at September 30, 2021.

 

“2021 was a milestone year for us,” commented Craig W. Packer, Chief Executive Officer of Owl Rock Capital Corporation. “We fully deployed our portfolio, increased our leverage to comfortably within our target range, maintained very strong credit performance and continued to optimize our balance sheet. It culminated in our highest quarterly net investment income for the year, representing an annualized ROE of approximately 9%. We’re extremely pleased with this quarter’s results and we look forward to continuing to deliver for our shareholders in 2022.”

 

The Company’s Board of Directors has declared a first quarter 2022 dividend of $0.31 per share for stockholders of record as of March 31, 2022, payable on or before May 13, 2022.

 

PORTFOLIO AND INVESTING ACTIVITY

 

For the full year ended December 31, 2021, new investment commitments totaled $6,824.8 million. This compares to $3,444.8 million for year ended December 31, 2020.

 

For the full year ended December 31, 2021, the principal amount of new investments funded was $5,842.4 million and the Company had $4,258.8 million aggregate principal amount in exits and repayments.

 

For the full year ended December 31, 2020, the principal amount of new investments funded was $2,845.5 million and the Company had $1,151.9 million aggregate principal amount in exits and repayments.

 

For the three months ended December 31, 2021, new investment commitments totaled $1,589.2 million. This compares to $1,527.4 million for the three months ended December 31, 2020.

 

For the three months ended December 31, 2021, the principal amount of new investments funded was $1,459.8 million across 22 new portfolio companies and 9 existing portfolio companies. For this period, the Company had $909.6 million aggregate principal amount in exits and repayments.

 

For the three months ended December 31, 2020, the principal amount of new investments funded was $1,274.9 million across 12 new portfolio companies and 14 existing portfolio companies. For this period, the Company had $520.3 million aggregate principal amount in exits and repayments.

 

As of December 31, 2021 and December 31, 2020, the Company had investments in 143 and 119 portfolio companies with an aggregate fair value of $12.7 billion and $10.8 billion, respectively. As of December 31, 2021, the average investment size in each portfolio company was $89.1 million based on fair value.

 

As of December 31, 2021, based on fair value, our portfolio consisted of 74.9% first lien senior secured debt investments, 15.1% second lien senior secured debt investments, 1.5% unsecured debt investments, 1.9% investment funds and vehicles, 2.1% preferred equity investments and 4.5% common equity investments.

 

As of December 31, 2020, based on fair value, our portfolio consisted of 77.5% first lien senior secured debt investments, 18.5% second lien senior secured debt investments, 0.5% unsecured debt investments, 1.0% investment funds and vehicles, 0.2% preferred equity investments and 2.3% common equity investments.

 

 


The following information was filed by Owl Rock Capital Corp (ORCC) on Wednesday, February 23, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Ticker: ORCC
CIK: 1655888
Form Type: 10-K Annual Report
Accession Number: 0000950170-22-001814
Submitted to the SEC: Wed Feb 23 2022 5:29:17 PM EST
Accepted by the SEC: Wed Feb 23 2022
Period: Friday, December 31, 2021

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