Owl Rock Technology Finance Corp. Prices Public Offering of $300 Million 2.500% Unsecured Notes Due 2027


NEW YORK, June 7, 2021 / PRNewswire / - Owl Rock Technology Finance Corp. ("ORTF") announced that a signed public offer by $ 300 million with a total nominal amount of 2,500% Notes due 2027. The Notes will be issued on January 15, 2027 and at the option of ORTF, it can be repaid in full or in part at the nominal value plus a “make-whole” premium, if applicable, at any time.

SMBC Nikko Securities America, Inc., Deutsche Bank Securities Inc., ING Financial Markets LLC, JP Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and Truist Securities, Inc. are acting as joint book-running managers for this offer. The offer is expected to end on June 14, 2021, subject to customary closing conditions.

ORTF expects to use the net proceeds from this offering to pay off its existing debt, including under the underwriting facility due on November 19, 2021 unless extended and / or the Revolving Credit Facility which matures on September 3, 2025.

Investors are advised to carefully consider ORTF's investment objectives, risks, fees and expenses before investing. The pricing sheet dated June 7, 2021 and the preliminary prospectus dated June 7, 2021each filed with the Securities and Exchange Commission contains this and other information about ORTF and should be read carefully before investing. The Pricing Sheet, Provisional Prospectus and this press release do not constitute an offer to sell any ORTF securities and do not constitute a solicitation of an offer to buy such securities in any jurisdiction in which such offer and sale is not permitted.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this announcement relates. Before investing, you should read the prospectus in this registration statement and other documents that the issuer has filed with the SEC for more complete information about the issuer and this offering. You can obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any lead manager or dealer participating in the offering will arrange for the prospectus to be sent to you when you request it from SMBC Nikko Securities America, Inc., 277 Park Avenue. New York, New York 10172, e.g. Hd .: Debt Capital Markets, E-Mail:.

About Owl Rock Technology Finance Corp.

Owl Rock Technology Finance Corp. ("ORTF") is a specialty finance firm focused on the execution of debt and equity investments in US midsize technology-related businesses. From March 31, 2021, ORTF had stakes in 55 portfolio companies with an aggregate fair value of $ 3.2 billion. ORTF has chosen to be regulated as a business development company under the Investment Company Act of 1940, as amended. ORTF is externally managed by Owl Rock Technology Advisors LLC, an SEC registered investment advisor that is a subsidiary of Owl Rock Capital Partners LP ("Owl Rock Capital Partners"). Owl Rock Capital Partners is along with its subsidiaries a new York based direct credit platform with approx. $ 27.8 billion of managed assets to March 31, 2021. Owl Rock Capital Partners is a division of Blue Owl Capital Inc. (NYSE: OWL) that focuses on direct lending.

Certain information contained herein may constitute "forward-looking statements" that involve significant risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and should not be relied on. These forward-looking statements are not historical facts, but are based on current expectations, estimates and forecasts about the ORTF, its current and future portfolio investments, its industry, its convictions and opinions as well as its assumptions. Words like "expects", "expects", "intends", "planet", "will", "can", "further", "believes", "seeks", "estimates", "would", "could," "Should," "goals," "projects," "outlook," "potential," "projections" and variations of these words and similar expressions are intended to identify forward-looking statements.These statements are not guarantees of future performance and are subject to risks, uncertainties, and others Factors, some of which are beyond the control of ORTF and are difficult to predict, could cause actual results to differ materially from those expressed or projected in any forward-looking statement, including, without limitation, the risks, uncertainties and other factors that may arise in ORTF's filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date ORTF makes them. ORTF assumes no obligation g, update or revise any forward-looking statements or other information contained herein, except as required by applicable law.

Investor contact:

Investor Relations
Dana Sclafani
212-651-4705

Media contact:

Prosek partner
David Wells / Josh Clarkson

SOURCE Owl Rock Technology Finance Corp.

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https://dailytechnonewsllc.com/owl-rock-technology-finance-corp-prices-public-offering-of-300-million-2-500-unsecured-notes-due-2027/

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