Owl Rock Capital Corp

NYSE:ORCC   3:59:43 PM EDT
14.21
+0.01 (+0.07%)
Mergers / Acquisitions, Equity Financing / Related, Initial Public Offerings

Owl Rock Capital Group And Dyal Capital Partners Execute Definitive Business Combination Agreement To Form Blue Owl Capital

Published: 12/23/2020 14:36 GMT
Owl Rock Capital Corp (ORCC) - Owl Rock Capital Group and Dyal Capital Partners Execute Definitive Business Combination Agreement to Form Blue Owl Capital and List on Nyse Via a Business Combination With Altimar Acquisition Corporation.
Owl Rock Capital Group - Transaction Expected to Provide Approximately $1.8 Billion in Gross Proceeds.
Owl Rock Capital Group - Combined Entity is Expected to Have a Post-transaction Market Capitalization of Approximately $12.5 Billion.
Owl Rock Capital Group - Blue Owl is Expected to Be Listed on Nyse Under Ticker Symbol "owl".
Owl Rock Capital Group - Transaction Gross Proceeds Include $1.5 Billion Fully Committed, Oversubscribed, Common Stock Pipe at $10.00 per Share.
Owl Rock Capital Group - Blue Owl Will Be Stand-alone Firm; Owl Rock and Dyal Founders, With Neuberger Berman, Will Own Equity Positions in Blue Owl.
Owl Rock - Assuming No Redemptions, Existing Equityholders of Owl Rock and Dyal (including Neuberger Berman) Will Hold Approximately 85% of Blue Owl.
Owl Rock Capital Group - Blue Owl Will Be Led by Doug Ostrover (owl Rock Co-founder) As Ceo.
Owl Rock Capital Group - Craig Packer (owl Rock Co-founder) Will Continue As CEO of Owl Rock Bdcs.
Owl Rock Capital Group - Transaction Proceeds Also Comprised of Altimar's $275 Million of Cash Held in Trust (assuming No Redemptions).