ORCC Update: Hits Best Case
Summary
ORCC continues to increase leverage and is now near the lower end of its target debt-to-ratio between 0.90 and 1.25 (currently 1.00 excluding $615 million of available cash).
ORCC was not expected to cover its quarterly dividend but Core NII of $0.305 (excluding excise tax) covered 98% of its regular dividend of $0.310.
ORCC hit its best-case proje…