Blue Owl Technology's $800M Financing Run Puts Dividend Coverage In Focus
Blue Owl Technology Finance Corp. closed a $150 million private placement of 7.60% senior unsecured notes due September 3, 2032, on September 4. This was the company's third financing since June 30, bringing total debt capital raised over that period to $800 million.
Why it matters — OTF watchers would care because the company's rapid issuance of $800 million in debt raises questions about whether its dividend remains adequately covered by earnings.