Blue Owl Technology Finance Corp. and Blue Owl Technology Finance Corp. II Announce Shareholder Approvals of Merger
Blue Owl Technology Finance Corp. (OTF) and Blue Owl Technology Finance Corp. II (OTF II) have secured shareholder approval for their planned merger, with OTF designated as the surviving entity. The merger proposal received overwhelming support, with nearly 100% of votes cast in favor at both companies' shareholder meetings on March 20, 2025.
The transaction is scheduled to close around March 24, 2025, pending customary closing conditions. According to CEO Craig W. Packer, the merger is expected to be accretive to net investment income for shareholders of both entities and will create the largest software-focused BDC by total assets.
Blue Owl Technology Finance Corp. (OTF) e Blue Owl Technology Finance Corp. II (OTF II) hanno ottenuto l'approvazione degli azionisti per la loro fusione pianificata, con OTF designato come entità sopravvivente. La proposta di fusione ha ricevuto un sostegno schiacciante, con quasi il 100% dei voti espressi a favore durante le assemblee degli azionisti di entrambe le aziende il 20 marzo 2025.
La transazione è prevista per chiudere intorno al 24 marzo 2025, subordinatamente alle consuete condizioni di chiusura. Secondo il CEO Craig W. Packer, la fusione dovrebbe essere accretiva per il reddito netto da investimenti per gli azionisti di entrambe le entità e creerà il BDC focalizzato sul software più grande per attivi totali.
Blue Owl Technology Finance Corp. (OTF) y Blue Owl Technology Finance Corp. II (OTF II) han asegurado la aprobación de los accionistas para su fusión planificada, designando a OTF como la entidad sobreviviente. La propuesta de fusión recibió un apoyo abrumador, con casi el 100% de los votos emitidos a favor en las reuniones de accionistas de ambas compañías el 20 de marzo de 2025.
La transacción está programada para cerrarse alrededor del 24 de marzo de 2025, a la espera de las condiciones de cierre habituales. Según el CEO Craig W. Packer, se espera que la fusión sea acumulativa para los ingresos netos de inversión para los accionistas de ambas entidades y creará el BDC enfocado en software más grande por activos totales.
Blue Owl Technology Finance Corp. (OTF)와 Blue Owl Technology Finance Corp. II (OTF II)가 계획된 합병에 대한 주주 승인을 확보했으며, OTF가 존속 법인으로 지정되었습니다. 합병 제안은 압도적인 지지를 받았으며, 2025년 3월 20일 양사 주주 총회에서 거의 100%의 찬성 투표가 이루어졌습니다.
거래는 통상적인 마감 조건을 충족하는 대로 2025년 3월 24일경에 마감될 예정입니다. CEO인 Craig W. Packer에 따르면, 이 합병은 두 회사의 주주에게 순 투자 수익에 대한 긍정적인 영향을 미칠 것으로 예상되며, 총 자산 기준으로 소프트웨어 중심의 가장 큰 BDC를 만들 것입니다.
Blue Owl Technology Finance Corp. (OTF) et Blue Owl Technology Finance Corp. II (OTF II) ont obtenu l'approbation des actionnaires pour leur fusion prévue, OTF étant désignée comme l'entité survivante. La proposition de fusion a reçu un soutien écrasant, avec près de 100 % des voix exprimées en faveur lors des assemblées des actionnaires des deux sociétés le 20 mars 2025.
La transaction devrait être finalisée aux alentours du 24 mars 2025, sous réserve des conditions de clôture habituelles. Selon le PDG Craig W. Packer, la fusion devrait être accrétive pour le revenu net d'investissement pour les actionnaires des deux entités et créera le plus grand BDC axé sur les logiciels en termes d'actifs totaux.
Blue Owl Technology Finance Corp. (OTF) und Blue Owl Technology Finance Corp. II (OTF II) haben die Zustimmung der Aktionäre für ihre geplante Fusion erhalten, wobei OTF als überlebende Einheit bestimmt wurde. Der Fusionsvorschlag erhielt überwältigende Unterstützung, mit fast 100 % der abgegebenen Stimmen, die bei den Aktionärsversammlungen beider Unternehmen am 20. März 2025 für die Fusion stimmten.
Die Transaktion soll voraussichtlich um den 24. März 2025 abgeschlossen werden, vorbehaltlich der üblichen Abschlussbedingungen. Laut CEO Craig W. Packer wird erwartet, dass die Fusion den Nettoinvestitionsertrag für die Aktionäre beider Unternehmen steigern wird und das größte softwarefokussierte BDC nach Gesamtvermögen schaffen wird.
- Nearly unanimous shareholder approval (100%) indicates strong investor confidence
- Merger expected to be accretive to net investment income for all shareholders
- Combined entity will become the largest software-focused BDC by total assets
- Increased scale expected to deliver immediate and long-term shareholder benefits
- None.
At their respective shareholder meetings held today, shareholders voted overwhelmingly in favor of the proposed transaction, with nearly
"We would like to thank the shareholders of both OTF and OTF II for their strong support of this transaction, which we expect to be accretive to net investment income for both sets of shareholders," said Craig W. Packer, Chief Executive Officer of OTF and OTF II. "Upon closing, this transaction is expected to create the largest software-focused BDC by total assets, and we look forward to leveraging the increased scale of the combined company to deliver immediate and long-term benefits to all shareholders."
About Blue Owl Technology Finance Corp.
Blue Owl Technology Finance Corp. ("OTF") is a specialty finance company focused on making debt and equity investments to
About Blue Owl Technology Finance Corp. II
Blue Owl Technology Finance Corp. II ("OTF II") is a specialty finance company focused on making debt and equity investments to
Forward-Looking Statements
Some of the statements in this press release constitute forward-looking statements because they relate to future events, future performance or financial condition of OTF or OTF II or the two-step merger (collectively, the "Mergers") of OTF II with and into OTF. The forward-looking statements may include statements as to: future operating results of OTF and OTF II and distribution projections; business prospects of OTF and OTF II and the prospects of their portfolio companies; and the impact of the investments that OTF and OTF II expect to make. In addition, words such as "anticipate," "believe," "expect," "seek," "plan," "should," "estimate," "project" and "intend" indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this press release involve risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with (i) the timing or likelihood of the Mergers closing; (ii) the expected synergies and savings associated with the Mergers; (iii) the ability to realize the anticipated benefits of the Mergers, including the expected accretion to net investment income and the elimination or reduction of certain expenses and costs due to the Mergers; (iv) the possibility that competing offers or acquisition proposals will be made; (v) the possibility that any or all of the various conditions to the consummation of the Mergers may not be satisfied or waived; (vi) risks related to diverting management's attention from ongoing business operations; (vii) the risk that shareholder litigation in connection with the Mergers may result in significant costs of defense and liability; (viii) changes in the economy, financial markets and political environment; (ix) the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing war between
Additional Information and Where to Find It
In connection with the Mergers, OTF and OTF II filed with the SEC and mailed to their respective shareholders a joint proxy statement/prospectus (the "Joint Proxy Statement") and OTF filed with the SEC a registration statement on Form N-14 (the "Registration Statement") that includes the Joint Proxy Statement and a prospectus of OTF. The Joint Proxy Statement and Registration Statement each contain important information about OTF, OTF II, the Mergers and related matters. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. SHAREHOLDERS OF OTF AND OTF II ARE URGED TO READ THE JOINT PROXY STATEMENT AND THE REGISTRATION STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT OTF, OTF II, THE MERGERS AND RELATED MATTERS. Investors and security holders will be able to obtain the documentation filed with the SEC free of charge at the SEC's website, http://www.sec.gov and for documents filed by OTF and OTF II at https://www.blueowlproducts.com/otf-otf-ii-merger.
Investor Contact:
BDC Investor Relations
Michael Mosticchio
credit-ir@blueowl.com
Media Contact:
Prosek Partners
Josh
pro-blueowl@prosek.com
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SOURCE Blue Owl Technology Finance Corp.
FAQ
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