Business
Blue Owl Technology Finance Corp. Announces Intention to List on the New York Stock Exchange
Blue Owl Technology Finance Corp. ("OTF" or the "Company"), a leading business development company ("BDC") focused on investing in U.S. upper middle-market technology companies, announced today that it intends to list the Company's shares of common stock on the New York Stock Exchange ("NYSE"). Subject to market conditions, the Company anticipates that its shares of common stock will commence trading on the NYSE on or about June 12, 2025 under the ticker symbol "OTF".
About this update from Blue Owl Capital Inc.
[{"type":"text","content":"OTF to become largest publicly traded technology-focused BDC by total assets upon listing ","length":89,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, June 3, 2025 /PRNewswire/ -- Blue Owl Technology Finance Corp. ("OTF" or the "Company"), a leading business development company ("BDC") focused on investing in U.S. upper middle-market technology companies, announced today that it intends to list the Company's shares of common stock on the New York Stock Exchange ("NYSE"). Subject to market conditions, the Company anticipates that its shares of common stock will commence trading on the NYSE on or about June 12, 2025 under the ticker symbol "OTF".","length":570,"tagName":"p"},{"type":"text","content":"The senior management team of Blue Owl Technology Finance Corp. includes Craig W. Packer, Chief Executive Officer and Director; Erik Bissonnette, President; and Jonathan Lamm, Chief Financial Officer.","length":200,"tagName":"p"},{"type":"text","content":"The Company will hold a conference call on Wednesday, June 4, 2025, at 9:00 a.m. Eastern Time to provide additional details regarding the anticipated listing.","length":158,"tagName":"p"},{"type":"text","content":"Craig W. Packer, Chief Executive Officer of OTF said, "Upon listing, OTF will become the largest, publicly traded software lending BDC, representing a significant milestone for the Blue Owl Credit platform. Our innovative investment strategy in this vertical has been a success, and we believe the conditions are right to bring OTF to the public market as we seek to create long-term value for shareholders."","length":418,"tagName":"p"},{"type":"text","content":""OTF has delivered strong portfolio performance, excellent credit quality and attractive returns to shareholders, and we expect to build on that as a public company," said Erik Bissonnette, President of OTF. "Software lending will continue to be the foundation of OTF's portfolio as a public company, and our conviction in the growing, resilient software asset class remains strong."","length":407,"tagName":"p"},{"type":"text","content":"Distributions Declared","length":22,"tagName":"p"},{"type":"text","content":"The Company's Board of Directors (the "Board") declared regular dividend of $0.35 per sh...