Blue Owl Technology Income Corp. 8-K

What Happened

• Blue Owl Technology Income Corp. filed an 8‑K (Mar 27, 2026) reporting an unregistered sale of Class I common shares to feeder vehicles: 1,999,419 shares for $19,934,210 (sale dated Mar 2, 2026; share count finalized Mar 23, 2026). The filing also discloses the Company’s larger Private Offering of Class I shares (251,829,995 shares for $2,576,278,991) and combined Offering totals of 394,453,866 shares for $4,047,288,147.
• The board declared monthly distributions on Feb 18, 2026 payable on or before Apr 30, 2026 and May 31, 2026 to shareholders of record as of Mar 31 and Apr 30, 2026. Gross distribution per share is $0.074775; net distributions after shareholder servicing fees: Class S $0.068078, Class D $0.072805, Class I $0.074775.
• Additional operational and financial metrics are provided: March 2, 2026 public offering price = NAV per share of $9.97 for all classes; portfolio par value $5.1B across 159 companies; net leverage 0.82x (as of Feb 28, 2026); $0.5B Level 2 liquid assets and $0.4B cash.

Key Details

• Unregistered sale (Private Offering component reported separately): 1,999,419 Class I shares for $19,934,210 (sale dated Mar 2, 2026; finalized Mar 23, 2026).
• Private Offering aggregate: 251,829,995 Class I shares for $2,576,278,991; Combined Offering + Private Offering: 394,453,866 shares for $4,047,288,147.
• Distributions declared (per share gross/net): $0.074775 gross; Class S net $0.068078, Class D net $0.072805, Class I net $0.074775.
• Capital and liquidity snapshot (as of Feb 28, 2026): portfolio par $5.125B; 86.9% first‑lien debt; 98.1% of debt investments floating rate; committed debt capacity $4.145B with $2.862B drawn; net leverage 0.82x.

Why It Matters

• The filing confirms recent private share issuances and the scale of the Company’s overall capital raising (over $4.0B aggregated from public and private offerings), which affects share count and the company’s capital base. Large Private Offering proceeds (≈$2.58B) and the new unregistered issuance are notable for Class I share supply.
• Declared monthly distributions and NAV‑based public offering pricing ($9.97 per share on Mar 2, 2026) give investors current cash distribution guidance and the price reference for new public share sales. Net distribution amounts vary by share class due to servicing fees.
• Leverage, liquidity, and portfolio composition (floating‑rate, first‑lien heavy, $0.9B combined liquid assets/cash) are key for assessing risk and the company’s ability to support distributions; net leverage ~0.82x and drawn debt of ~$2.86B are central metrics disclosed.