Owl Rock Technology Income Corp.

10/24/2025 | Press release | Distributed by Public on 10/24/2025 14:54

Private Placement (Form 8-K)

Item 3.02. Unregistered Sale of Equity Securities
As of October 1, 2025, Blue Owl Technology Income Corp. (the "Company," "we" or "us") sold unregistered shares of its Class I common stock to feeder vehicles primarily created to hold the Company's Class I shares. The offer and sale of these Class I shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) and/or Regulation S thereunder (the "Private Offering"). The following table details the shares sold:
Date of Unregistered Sale Approximate Number of Shares of Class I Common Stock Consideration
As of October 1, 2025 (number of shares finalized on October 23, 2025)
4,214,663 $ 43,916,794
Item 8.01. Other Events.

Distribution
On August 5, 2025, the Company's board of directors declared the following monthly distribution payable on or before November 30, 2025 to shareholders of record as of October 31, 2025.
Class of Common Shares
Gross Distributions
Shareholder Servicing Fee(1)
Net Distributions (1)
Class S
$ 0.074775 $ 0.007486 $ 0.067289
Class D
$ 0.074775 $ 0.002202 $ 0.072573
Class I
$ 0.074775 $ 0.000000 $ 0.074775
(1) Based on July 31, 2025 net asset value.
Status of the Offering
The Company is currently publicly offering on a continuous basis up to $5.0 billion (the "Current Offering") in shares of Class S, Class D and Class I common stock (the "Shares") and previously offered on a continuous basis up to $5.0 billion in Shares (the "Initial Offering" and together with the Current Offering, the "Offering"). Additionally, the Company has sold unregistered Shares as part of the Private Offering. The following table lists the Shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing. The table below does not include Shares issued through the Company's distribution reinvestment plan.
Offering Common Shares Issued Total Consideration
Class S Shares 91,398,621 $ 944,875,361
Class D Shares 3,360,253 34,329,508
Class I Shares 41,160,948 422,632,725
Private Offering
Class I Shares 242,329,261 2,478,634,664
Total Offering and Private Offering* 378,249,083 $ 3,880,472,258
*Includes seed capital of $1,000 contributed by Blue Owl Technology Credit Advisors LLC, an affiliate of Blue Owl Technology Credit Advisors II LLC (the "Adviser"), in September 2021 and approximately $50.0 million in gross proceeds raised from entities affiliated with the Adviser.
October 1, 2025 Public Offering Price
In accordance with the Company's share pricing policy, we intend to sell our shares on the first business day of each month at a net offering price that we believe reflects the net asset value per share at the end of the preceding month. The October 1, 2025 public offering price for each of our share classes is equal to such class's NAV per share as of September 30, 2025, plus applicable maximum upfront sales load.
Net Asset Value (per share)
Class S $10.42
Class D $10.42
Class I $10.42
The average debt-to-equity leverage ratio during the month-to-date period ended September 30, 2025 was 0.75x. The table below summarizes the company's committed debt capacity and drawn amounts as of September 30, 2025.
($ in thousands) Aggregate Principal Committed Outstanding Principal
Revolving Credit Facility $ 1,050,000 $ 702,395
SPV Asset Facility I 750,000 497,000
SPV Asset Facility II 500,000 292,250
SPV Asset Facility III 550,000 350,000
SPV Asset Facility IV 350,000 330,000
Athena CLO III 270,000 270,000
Series 2023A Notes 100,000 100,000
Series 2023B Notes - Tranche A 100,000 100,000
Series 2023B Notes - Tranche B 75,000 75,000
Total Debt $ 3,745,000 $ 2,716,645
Of the Company's committed debt capacity, $2.6 billion (96.1%) is in floating rate leverage based on drawn amounts.
Portfolio Update
As of September 30, 2025, we had debt investments in 178 portfolio companies with an aggregate par value of $5.8 billion. As of September 30, 2025, based on par value, our portfolio consisted of 90.3% first lien debt investments, 3.4% second lien debt investments, 1.1% unsecured debt investments, 2.9%preferred equity investments, 2.2% common equity investments and 0.1% joint venture investments. As of September 30, 2025, 99.2% of the debt investments based on par value in our portfolio were at floating rates. The table below describes investments by industry composition based on par value, excluding equity investments, as of September 30, 2025.
Industry
Par
($ in thousands)
% of Par
Systems Software $ 795,332 13.5 %
Health Care Technology 786,531 13.5 %
Application Software 728,493 12.5 %
Industry
Par
($ in thousands)
% of Par
Insurance 390,202 6.7 %
Diversified Financial Services 389,676 6.7 %
Health Care Providers & Services 368,172 6.3 %
Professional Services 326,013 5.6 %
IT Services 291,263 5.0 %
Commercial Services & Supplies 176,589 3.0 %
Health Care Equipment & Supplies 172,846 3.0 %
Diversified Consumer Services 156,315 2.7 %
Food & Staples Retailing 155,373 2.7 %
Life Sciences Tools & Services 127,503 2.2 %
Buildings & Real Estate 109,766 1.9 %
Equity Real Estate Investment Trusts (REITs) 96,786 1.7 %
Real Estate Management & Development 71,564 1.2 %
Entertainment 70,064 1.2 %
Aerospace & Defense 61,815 1.1 %
Capital Markets 53,516 0.9 %
Containers & Packaging 49,912 0.9 %
Industrial Conglomerates 48,952 0.8 %
Banks 41,670 0.7 %
Machinery 36,271 0.6 %
Media 34,450 0.6 %
Consumer Finance 32,666 0.6 %
Wireless Telecommunication Services 32,597 0.6 %
Hotels, Restaurants & Leisure 31,535 0.5 %
Internet & Direct Marketing Retail 29,707 0.5 %
Construction & Engineering 29,682 0.5 %
Airlines 20,748 0.4 %
Diversified Telecommunication Services 20,000 0.3 %
Food Products 18,994 0.3 %
Household Products 18,955 0.3 %
Multiline Retail 16,642 0.3 %
Beverages 13,037 0.2 %
Water Utilities 11,039 0.2 %
Pharmaceuticals 10,150 0.2 %
Building Products 8,346 0.1 %
Total $ 5,833,172 100.0 %
Past performance is not necessarily indicative of future performance, and there can be no assurance that we will achieve comparable investment results, or that any targeted returns will be met.
Statements contained herein that are not historical facts are based on current expectations, estimates, projections, opinions, and/or beliefs of our management. Such statements involve known and unknown risks, uncertainties, and other factors, and undue reliance should not be placed thereon. Certain information contained herein constitutes
"forward-looking statements," which can be identified by the use of terms such as "may", "will", "should", "expect", "project", "estimate", "intend", "continue", "target", or "believe" (or the negatives thereof) or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or our actual performance may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions.
The estimates presented above are based on management's preliminary determinations only and, consequently, the data set forth in our Form 10-Q or 10-K may differ from these estimates, and any such differences may be material. In addition, the information presented above does not include all of the information regarding our financial condition and results of operations that may be important to investors. As a result, investors are cautioned not to place undue reliance on the information presented above. The information presented above is based on management's current expectations that involve substantial risk and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such information. We assume no duty to update these preliminary estimates except as required by law.
Neither KPMG LLP, our independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled or performed procedures with respect to the preliminary financial data contained herein. Accordingly, KPMG LLP does not express an opinion or any form of assurance with respect thereto and assumes no responsibility for, and disclaims any association with, this information.
Owl Rock Technology Income Corp. published this content on October 24, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 24, 2025 at 20:54 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]