Blue Owl Technology Income Corp. 8-K

What Happened
Blue Owl Technology Income Corp. filed an 8‑K on April 23, 2026 reporting a private (unregistered) sale of 319,230 Class I shares for $3,134,834 (sale dated April 1, 2026; shares finalized April 23, 2026), a board-declared monthly distribution, and detailed updates on its public offering, portfolio, liquidity and leverage as of March 31, 2026. The private sale was made to feeder vehicles and relied on exemptions under Section 4(a)(2) and/or Regulation S. The company also disclosed public offering totals and NAV-based public offering pricing for April 1, 2026.

Key Details

• Unregistered sale: 319,230 Class I shares for $3,134,834 (private offering to feeder vehicles; sale finalized April 23, 2026).
• Distribution declared (board action Feb 18, 2026; payable on or before May 31, 2026 to shareholders of record April 30, 2026):
  • Class S gross $0.074775; servicing fee $0.006697; net $0.068078
  • Class D gross $0.074775; servicing fee $0.001970; net $0.072805
  • Class I gross/net $0.074775 (no servicing fee)
• Offering and proceeds (as of filing): total shares issued 395,083,381 with total consideration $4,053,473,781 (includes public Offering and Private Offering). Private Offering Class I: 252,149,225 shares for $2,579,413,825.
• NAV / pricing: April 1, 2026 public offering price = NAV per share as of March 31, 2026; NAV = $9.82 per share for Class S, D and I.
• Liquidity & leverage (as of March 31, 2026): available liquidity > $1.4 billion; total committed debt capacity $4.145 billion with $2.402 billion outstanding (drawn). Average debt-to-equity leverage month-to-date = 0.77x; pro‑forma after tender offer = 0.85x.
• Portfolio (as of March 31, 2026): debt investments in 157 portfolio companies, aggregate par $5.037 billion; 86.8% first‑lien, 4.7% second‑lien; 98.0% of debt investments (by par) at floating rates. Top industries by par: Application Software ($848.7M, 16.8%), Systems Software ($719.1M, 14.3%), Health Care Technology ($608.4M, 12.1%).

Why It Matters
This filing provides investors with recent capital‑raising and cash‑return activity (private sale and monthly distribution), plus a snapshot of the company’s liquidity, leverage and portfolio composition. Key facts to note: a large portion of capital was raised through the Private Offering of Class I shares (over $2.57 billion), NAV-based public offering pricing ($9.82 on April 1, 2026), substantial available liquidity (> $1.4B), and a mostly floating‑rate debt portfolio (98% by par), which affects interest income sensitivity. The leverage metrics (0.77x average; 0.85x pro‑forma) and committed vs. drawn debt ($4.145B vs. $2.402B) give a clear view of borrowing capacity and current usage.