secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Technology Income Corp. (—)
CIK:        0001869453
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001193125-23-293425
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 floating-rate senior notes due 2029
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- $100M aggregate principal of Series 2023B Senior Notes, floating at SOFR + 4.75%, due Jan 15, 2029.
- Notes are unsecured obligations guaranteed by OR Tech Lending IC LLC, ORTIC BC 1 LLC, and ORTIC BC 2 LLC.
- Interest payable quarterly beginning Apr 15, 2024; optional redemption at par plus make-whole premium.
- Covenants include minimum net worth of $1.058B, asset coverage ratio of 1.50:1.00, and BDC status maintenance.
- Below Investment Grade or Secured Debt Ratio events trigger stepped-up interest rates of 1.00% and 1.50% respectively.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869453/000119312523293425/0001193125-23-293425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869453/000119312523293425/d639455d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-293425

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