M&A
confidence high
sentiment positive
materiality 0.80
Blue Owl Technology Finance Corp. completes merger with OTF II, creating largest software-focused BDC with >$12B assets
Blue Owl Technology Finance Corp.
- Merger closed; OTF II shareholders received 0.9113 OTF shares per share; combined company owns 46% legacy OTF / 54% former OTF II.
- Estimated NAVs: OTF $17.06, OTF II $15.55 as of Mar 23, 2025.
- OTF assumed $700M 6.750% Notes due 2029 and $75M 8.50% Series 2023A Notes; credit facility increased to $2.575B.
- Advisor agreed to reimburse $4.75M of merger-related fees and expenses.
- Charter amended to restrict share transfers for up to 365 days after potential listing.