Tender Offer - Blue Owl Technology Income Corp.
Form Type: SC TO-I/A
Filing Date: 2025-03-06
Corporate Action: Tender-offer
Type: Update
Accession Number: 000162828025011005
Filing Summary: Blue Owl Technology Income Corp. has filed an Amendment No. 1 to its Tender Offer Statement on Schedule TO, originally submitted on February 26, 2025. The company aims to repurchase shares of its issued and outstanding Common Stock utilizing funds amounting to $150,425,322 at a price that reflects the net offering price per share for the applicable class of Common Stock as of March 31, 2025. This amendment incorporates by reference the company's Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on March 5, 2025. The amendment provides updates to the Offer to Purchase and the enclosed Letter of Transmittal, while reaffirming that except for the changes noted, all other information remains consistent with the previous filings.
Document Link: View Document
Additional details:
Counsel Name: Cynthia M. Krus
Counsel Name: Kristin H. Burns
Counsel Name: Dwaune L. Dupree
Counsel Firm: Eversheds Sutherland (US) LLP
Counsel Address: 700 Sixth Street, NW, Washington, DC 20001
Counsel Phone: (202) 383-0100
Maximum Number Of Shares Repurchased: $150,425,322
Offering Price Date: 2025-03-31
Annual Report Date: 2025-03-05
Form Type: SC TO-I
Filing Date: 2025-02-26
Corporate Action: Tender-offer
Type: New
Accession Number: 000162828025008238
Filing Summary: Blue Owl Technology Income Corp. is initiating a tender offer to purchase up to 5.00% of its outstanding Common Stock, approximately $150,425,322 worth of shares. The offer applies to Class S, Class D, and Class I Common Stock, which collectively consist of approximately 307,850,606 shares as of February 25, 2025. The offer is guided by the terms and conditions set out in the accompanying Offer to Purchase dated February 26, 2025, along with a related Letter of Transmittal. The company states that it will repurchase shares to provide liquidity for shareholders and enhance shareholder value. The document incorporates references to various sections of the Offer to Purchase detailing material terms, purpose, procedures for tendering shares, and the source of funds.
Document Link: View Document
Additional details:
Class Of Securities: Class S Common Stock
Class Of Securities: Class D Common Stock
Class Of Securities: Class I Common Stock
Number Of Shares Outstanding: 307,850,606
Amount Of Tender Offer: 150,425,322
Form Type: SC TO-I/A
Filing Date: 2025-01-27
Corporate Action: Tender-offer
Type: Update
Accession Number: 000162828025002660
Filing Summary: Blue Owl Technology Income Corp. filed Amendment No. 1 to its Tender Offer Statement on Schedule TO on January 27, 2025, in connection with the company's offer to purchase up to a designated number of shares of its Class S, Class D, and Class I common stock. The offer pertains to an offering amount of approximately $145,192,938, representing 5.00% of the outstanding shares as of September 30, 2024. The tender offer, made on November 26, 2024, expired on December 31, 2024, and resulted in the valid tendering of approximately 666,035 Class S Shares, 63,408 Class D Shares, and 8,500,163 Class I Shares. Payment for the tendered shares was executed via non-interest bearing promissory notes issued by the company. The net offering prices per Share as of December 31, 2024, were established at $10.42 for each class of Shares. The total purchase price for all Shares repurchased totaled approximately $96,172,490.
Document Link: View Document
Additional details:
Offering Amount: 145192938
Aggregate Purchase Price: 96172490
Expiration Time: 2024-12-31T19:00:00-05:00
Number Of Class S Shares Tendered: 666035
Number Of Class D Shares Tendered: 63408
Number Of Class I Shares Tendered: 8500163
Net Offering Price Per Share Class S: 10.42
Net Offering Price Per Share Class D: 10.42
Net Offering Price Per Share Class I: 10.42
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