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 June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 814-01190 ______________________________________________ BLUE OWL CAPITAL CORPORATION (Exact name of Registrant as specified in its C ...

Owl Rock Capital Corporation (ORCC) Q1 2023 Earnings Conference Call May 11, 2023 10:30 AM ET Company Participants Dana Sclafani - Head, IR Craig Packer - President, CEO & Director Jonathan Lam - CFO & COO Conference Call Participants Casey Alexander - Compass Point Research & Trading Robert Dodd - Raymond James & Associates Ryan Lynch - KBW Mickey Schleien - Ladenburg Thalmann & Co. Erik Zwick - Hovde Group Kenneth Lee - RBC Capital Markets Kevin Fultz - JMP Securities Mark Hughes - Truist Securities Opera ...

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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, 2023 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 ...

Owl Rock Capital Corporation (ORCC) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants Dana Sclafani - Head of Investor Relations Craig Packer - Chief Executive Officer Jonathan Lamm - Chief Financial Officer and Chief Operating Officer Conference Call Participants Casey Alexander - Compass Point Robert Dodd - Raymond James Ryan Lynch - KBW Kevin Fultz - JMP Mark Hughes - Truist Mickey Schleien - Ladenburg Thalmann Kenneth Lee - RBC Capital Markets Derek Hewett - Bank of Ame ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 814-01190 ________________________________________________________________________ OWL ROCK ...

Owl Rock Capital Corporation (ORCC) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Dana Sclafani - Head of IR Craig Packer - CEO Jonathan Lamm - CFO & COO Conference Call Participants Mickey Schleien - Ladenburg Thalmann Robert Dodd - Raymond James Ryan Lynch - KBW Kevin Fultz - JMP Securities Kenneth Lee - RBC Capital Markets Operator Hello, and welcome to the Owl Rock Capital Corp. Q3 2022 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, t ...

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 September 30, 2022 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 ...

纪要涉及的公司 Owl Rock Capital Corporation (ORCC) 纪要提到的核心观点和论据 1. **财务表现** - **净资产价值（NAV）**：第二季度每股净资产价值为14.48美元，低于第一季度的14.88美元，主要因市场信贷利差扩大导致投资组合未实现减记 [5][14] - **净投资收入（NII）**：每股净投资收入为0.32美元，较上季度增加1美分，得益于稳定投资收入、股息收入增加，且第三季度利率上升将显著提升NII [5][6] - **股息**：董事会宣布第三季度每股股息为0.31美元，将于11月15日支付给9月30日登记在册的股东 [16] - **投资组合**：第二季度末投资组合总额为126亿美元，未偿债务71亿美元，净资产57亿美元，净杠杆率为1.2倍，处于目标范围内 [11][14] 2. **市场环境与业务机会** - **市场转变**：市场环境转变，投资者重新调整预期，市场波动为直接贷款业务带来更多机会，银行收缩融资，对公司资金需求增加 [6][7] - **交易机会**：第二季度评估超20个规模超10亿美元的交易机会，是活跃季度，公司为大型交易提供有吸引力的融资解决方案，贷款条件、结构更好，利差更宽 [7] - **交易趋势**：公共杠杆融资市场关闭，更多借款人转向私人信贷解决方案，新交易利差扩大100个基点以上，第二季度新承诺加权平均利率为9.5%，较第一季度上升超200个基点 [24][25] 3. **投资组合质量** - **信用表现**：借款人表现符合或超预期，仅一家公司处于非应计状态，占投资组合公允价值的0.1%，年化损失率约15个基点 [8] - **行业分布**：专注于非周期性服务导向型业务，多数投资组合集中在软件、保险和医疗保健等服务行业，对经典周期性行业敞口小 [9] - **抗风险能力**：团队严格分析投资组合，认为其能承受经济压力，具有弹性，能在经济环境变化中表现良好 [10] 4. **业务活动与战略** - **业务起源**：第二季度业务起源适度，还款量低，收到还款后能将资金重新投入有吸引力的机会，投资组合多元化 [11] - **专业贷款**：为Wingspire提供7700万美元资金，支持其收购，总承诺达4亿美元；增加对高级贷款基金的承诺至5亿美元；Owl Rock BDCs宣布对Emergent Asset Management的股权承诺，长期有望提升收益和资产价值 [12][13] - **风险管理**：评估新机会时考虑经济衰退可能性，与借款人保持密切沟通，识别潜在挑战，保护投资 [26] 5. **利率影响** - **收益提升**：利率上升从第三季度开始将显著有利于NII，预计基准利率每增加100个基点，季度NII将增加约0.04美元/股，即12.5% [6][20] - **资产收益率**：截至6月30日，投资组合资产收益率为8.8%，较上季度上升80个基点 [19] 其他重要但是可能被忽略的内容 1. **非经常性股息收入**：第二季度非经常性股息收入约680万美元，来自投资组合公司PLI，公司目前恢复良好 [32] 2. **专业贷款策略**：Emergent投资由多只基金出资，预计增长但规模可能不及Wingspire，未来两年若达到2亿美元运作规模是理想结果 [36] 3. **股息政策**：公司会与董事会讨论，若收益持续良好，会考虑增加基础股息或发放特别股息 [40] 4. **投资组合未实现损失**：本季度和上季度未实现损失总计约2.4亿美元，若无信用问题，多数损失未来可逆转 [51] 5. **关注行业**：无特定高风险行业，对有消费者敞口、通过大型零售商或超市销售的公司保持关注 [58] 6. **Wingspire业务**：客户为不同行业公司，多为传统中型或小型市场公司，经济波动可能为其带来更多业务机会 [63][64] 7. **利息覆盖率**：目前EBITDA利息覆盖率处于高位，利率上升300个基点后将降至约2倍，借款人有足够缓冲偿还债务 [66] 8. **股票回购**：董事会批准股票回购，会根据股价和资金投资情况决定，预计规模较小 [75][76] 9. **PICK利息**：大部分PICK利息来自承销时结构化交易，主要在科技和软件领域，并非因信用问题，贷款偿还时可收回累计现金 [78]

| --- | --- | --- | |-----------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Owl Rock Capital Corporation | | | | Quarterly Earnings Presentation June 30, 2022 | | | | | | | | | | | | | | | | | | | NYSE: ORCC Review of Q2 2022 Earnings Summary | --- | --- | |-------|-------| | | | | • | | | • | | | • | | | • | | | • | | Net asset value per share of $14.48, down from $14.88 as of 3/31/22 Net investment income per share of $0.32, up from $0.31 as of 3/31/22 N ...