secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Technology Income Corp. (—)
CIK:        0001869453
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001193125-23-183828
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Owl Technology Income Corp. issues $100M of 8.25% Senior Notes due 2026
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- $100M aggregate principal of Series 2023A Notes priced at par, fixed 8.25% interest, due July 6, 2026.
- Interest payable semiannually on Jan 6 and Jul 6, beginning Jan 6, 2024.
- Notes are unsecured and rank pari passu with existing unsecured unsubordinated debt; guaranteed by three subsidiaries.
- Covenants include minimum net worth of $347.1M and asset coverage ratio of 1.50:1.00; step-up interest triggers on below-investment-grade or secured debt ratio events.
- Proceeds used for general corporate purposes; notes redeemable at par plus make-whole premium at company's option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869453/000119312523183828/0001193125-23-183828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869453/000119312523183828/d506797d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-183828

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