Item 1.01 - Entry into to a Material Definitive Agreement

On May 3, 2022 (the "Amendment Date"), ORCC Financing III LLC ("ORCC Financing III"), a subsidiary of Owl Rock Capital Corporation (the "Company"), entered into the Amendment (the "Amendment No. 3" and the facility as amended, the "Secured Credit Facility"), which amended that certain Loan Financing and Servicing Agreement, dated as of December 14, 2018, as amended by the Omnibus Amendment, dated as of March 17, 2021 and Amendment No. 2, dated as of December 13, 2021, by and among ORCC Financing III, as borrower, the Company, as equityholder and services provider, the lenders from time to time parties thereto, Deutsche Bank AG, New York Branch, as Facility Agent, State Street Bank and Trust Company, as Collateral Agent and Alter Domus (US) LLC, as Collateral Custodian. Among other changes, Amendment No. 3 converted the benchmark rate of the facility from LIBOR to term SOFR, extended the Revolving Period through June 14, 2023, extended the Facility Termination Date through June 14, 2025 and reduced the Facility Amount from $500,000,000 to $250,000,000.

Borrowings of ORCC Financing III are considered our borrowings for purposes of complying with the asset coverage requirements under the 1940 Act.

Item 2.03 - Creation of a Direct Financial Obligation

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits



(d) Exhibits

Exhibit
Number                                    Description

10.1           Amendment No. 3 to the Loan Financing and Servicing Agreement, dated
             as of May  3, 2021, by and among ORCC Financing III LLC, as borrower,
             Owl Rock Capital Corporation, as equityholder and services provider,
             the lenders from time to time parties thereto, Deutsche Bank AG, New
             York Branch, as facility agent, State Street Bank and Trust Company,
             as collateral agent, and Alter Domus (US) LLC, as collateral
             custodian.

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