Blue Owl Technology Finance Corp. Eyes NYSE Listing Growth

Blue Owl Technology Finance Corp. Plans NYSE Listing

Blue Owl Technology Finance Corp. ("OTF") is preparing for a significant milestone by planning to list its shares on the New York Stock Exchange ("NYSE"). This action is expected to make OTF the largest publicly traded business development company (BDC) focusing on technology, emphasizing its dedication to supporting U.S. upper middle-market technology firms.

Company Leadership and Conference Call Insights

The leadership of Blue Owl Technology Finance Corp. comprises experienced professionals, including Craig W. Packer, the Chief Executive Officer; Erik Bissonnette, the President; and Jonathan Lamm, the Chief Financial Officer. As part of the planning for the NYSE listing, OTF is organizing a conference call for stakeholders to discuss detailed nuances concerning the listing.

Management's Vision for OTF

In comments made by Craig W. Packer, he emphasized the importance of this listing, stating, "OTF will become the largest publicly traded software lending BDC, marking a crucial achievement for the Blue Owl Credit platform. Our investment strategy has proven successful, and we are excited to present OTF to public investors to enhance shareholder value over the long term."

Furthermore, Erik Bissonnette remarked on the company's solid track record, highlighting how the focus on software lending has laid a robust foundation for future performance, underlining their commitment to growing within the resilient software asset class.

Dividend Declarations and Shareholder Value

The Board of Directors of OTF has declared a regular quarterly dividend of $0.35 per share for the second quarter of 2025. This dividend is designated for stockholders recorded as of a specified date, with payment anticipated shortly thereafter. In addition to the regular dividends, the Board has authorized five special dividends at a rate of $0.05 each, to be disbursed quarterly.

Understanding the Dividend Schedule

The schedule for the special dividends reflects the company's commitment to returning value to its shareholders. These dividends will be paid according to a pre-established timeline, enabling investors to appreciate the financial planning coordinated by the Board.

Share Repurchase Initiative

Accompanying the announcement of the listing is a share repurchase initiative, wherein OTF's Board approved the repurchase of up to $200 million in outstanding common stock. The ability for management to purchase shares at discretion, underlies its strategic approach to enhancing shareholder value.

Transition to Public Market and Stock Restrictions

In conjunction with the NYSE listing, the Board waived specific transfer restrictions pertaining to a substantial number of shares, allowing for a gradual unlocking of stock for existing shareholders. This phased release will happen over the course of one year, with portions becoming freely tradable after the company's stock starts trading on the NYSE.

Financial Advisory Team

OTF has engaged a team of reputable financial advisors, including BofA Securities, J.P. Morgan, and Keefe Bruyette & Woods, among others to facilitate the listing process effectively. Their expertise will be invaluable as OTF transitions to a public company.

Engagement and Communication Plans

A conference call regarding the listing details will be accessible for stakeholders to engage directly with company representatives. The company's commitment to transparency is further enhanced through the availability of archived content on its website for future reference.

About Blue Owl Technology Finance Corp.

Blue Owl Technology Finance Corp. is a specialty finance entity dedicated to investments in U.S. technology-related businesses, with a particular emphasis on software solutions. As of recent reports, OTF has a diversified portfolio representing a significant value, underscoring its position as a major player in the tech finance sector. The company operates under the guidance of Blue Owl Technology Credit Advisors LLC, a committed partner in advancing OTF's investment objectives.

Frequently Asked Questions

What is the primary goal of Blue Owl's NYSE listing?

The main objective of the NYSE listing is to enhance investor visibility and expand shareholder value while securing its position as a leading tech-focused BDC.

Who are the key executives at Blue Owl Technology Finance Corp.?

The executive team includes Craig W. Packer as CEO, Erik Bissonnette as President, and Jonathan Lamm as CFO.

What dividends has OTF declared for shareholders?

OTF has declared a regular dividend of $0.35 and five special quarterly dividends of $0.05 per share for 2025.

How does the share repurchase program work?

OTF's Board approved a repurchase program for up to $200 million of its common stock, allowing management to buy shares at their discretion within regulatory frameworks.

Why are transfer restrictions being waived?

The waiving of transfer restrictions allows shareholders to trade a portion of their shares more freely, enhancing liquidity as OTF transitions to public status.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

Contact Owen Jenkins privately here. Or send an email with ATTN: Owen Jenkins as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.