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Published on 6/8/2020 in the Prospect News High Yield Daily.

New Issue: Owl Rock Technology sells $210 million 6¾% notes due 2025

Chicago, June 8 – Owl Rock Technology Finance Corp. and Owl Rock Technology Advisors LLC sold $210 million of 6¾% notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

Bookrunners for the Rule 144A offering are SMBC Nikko Securities America, Inc. and MUFG.

Proceeds will be used to pay down a portion of debt.

Owl Rock is a business development company based in New York.

Issuers:Owl Rock Technology Finance Corp. and Owl Rock Technology Advisors LLC
Securities:Notes
Amount:$210 million
Maturity:2025
Bookrunners:SMBC Nikko Securities America Inc. and MUFG
Coupon:6¾%
Pricing date:June 5
Settlement date:June 12
Distribution:Rule 144A

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