NEW YORK, June 7, 2021 /PRNewswire/ — Owl Rock Know-how Finance Corp. (“ORTF”) introduced that it has priced an underwritten public providing of $300 million in combination principal quantity of two.500% notes due 2027. The notes will mature on January 15, 2027 and could also be redeemed in complete or partially at ORTF’s choice at any time at par plus a “make-whole” premium, if relevant.
SMBC Nikko Securities America, Inc., Deutsche Financial institution Securities Inc., ING Monetary Markets LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, and Truist Securities, Inc. are performing as joint book-running managers for this providing. The providing is anticipated to shut on June 14, 2021, topic to customary closing circumstances.
ORTF expects to make use of the online proceeds of this providing to pay down its current indebtedness, together with below the Subscription Credit score Facility which matures on November 19, 2021 until prolonged and/or the Revolving Credit score Facility, which matures on September 3, 2025.
Buyers are suggested to fastidiously take into account the funding aims, dangers, costs and bills of ORTF earlier than investing. The pricing time period sheet dated June 7, 2021 and the preliminary prospectus dated June 7, 2021, every of which have been filed with the Securities and Change Fee, include this and different details about ORTF and ought to be learn fastidiously earlier than investing. The pricing time period sheet, the preliminary prospectus and this press launch are usually not gives to promote any securities of ORTF and are usually not soliciting a suggestion to purchase such securities in any jurisdiction the place such supply and sale shouldn’t be permitted.
The issuer has filed a registration assertion (together with a prospectus) with the SEC for the providing to which this communication relates. Earlier than you make investments, it’s best to learn the prospectus in that registration assertion, and different paperwork the issuer has filed with the SEC for extra full details about the issuer and this providing. You might get hold of these paperwork without cost by visiting EDGAR on the SEC Site at www.sec.gov. Alternatively, the issuer, any underwriter or any vendor taking part within the providing will organize to ship you the prospectus if you happen to request it from SMBC Nikko Securities America, Inc., 277 Park Avenue, New York, New York 10172, Attn: Debt Capital Markets, e-mail:[email protected].
About Owl Rock Know-how Finance Corp.
Owl Rock Know-how Finance Corp. (“ORTF”) is a specialty finance firm targeted on making debt and fairness investments in U.S. middle-market technology-related firms. As of March 31, 2021, ORTF had investments in 55 portfolio firms with an combination truthful worth of $3.2 billion. ORTF has elected to be regulated as a enterprise improvement firm below the Funding Firm Act of 1940, as amended. ORTF is externally managed by Owl Rock Know-how Advisors LLC, an SEC-registered funding adviser that’s an affiliate of Owl Rock Capital Companions LP (“Owl Rock Capital Companions”). Owl Rock Capital Companions, along with its subsidiaries, is a New York based mostly direct lending platform with roughly $27.8 billion of property below administration as of March 31, 2021. Owl Rock Capital Companions is a division of Blue Owl Capital Inc. (NYSE: OWL) that’s targeted on direct lending.
Sure data contained herein could represent “forward-looking statements” that contain substantial dangers and uncertainties. Such statements contain identified and unknown dangers, uncertainties and different elements and undue reliance shouldn’t be positioned thereon. These forward-looking statements are usually not historic details, however slightly are based mostly on present expectations, estimates and projections about ORTF, its present and potential portfolio investments, its business, its beliefs and opinions, and its assumptions. Phrases reminiscent of “anticipates,” “expects,” “intends,” “plans,” “will,” “could,” “proceed,” “believes,” “seeks,” “estimates,” “would,” “may,” “ought to,” “targets,” “initiatives,” “outlook,” “potential,” “predicts” and variations of those phrases and related expressions are meant to determine forward-looking statements. These statements are usually not ensures of future efficiency and are topic to dangers, uncertainties and different elements, a few of that are past ORTF’s management and tough to foretell and will trigger precise outcomes to vary materially from these expressed or forecasted within the forward-looking statements together with, with out limitation, the dangers, uncertainties and different elements recognized in ORTF’s filings with the SEC. Buyers shouldn’t place undue reliance on these forward-looking statements, which apply solely as of the date on which ORTF makes them. ORTF doesn’t undertake any obligation to replace or revise any forward-looking statements or another data contained herein, besides as required by relevant legislation.
David Wells / Josh Clarkson
SOURCE Owl Rock Know-how Finance Corp.