By Cristal Cody
Tupelo, Miss., Dec. 11 – Owl Rock Technology Finance Corp. priced $375 million of 3.75% senior notes due June 17, 2026 (Baa3//Kroll: BBB) on Thursday at a spread of 350 basis points over Treasuries, according to a market source.
The notes priced tighter than initial talk in the Treasuries plus 375 bps area.
Goldman Sachs & Co. LLC, ING Financial Markets LLC, MUFG and Truist Securities, Inc. were the bookrunners.
Owl Rock Technology Finance is an investment vehicle in technology- and life sciences-related companies externally managed by Owl Rock Technology Advisors, LLC, a subsidiary of New York-based Owl Rock Capital Partners LP.
| Issuer: | Owl Rock Technology Finance Corp.
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| Amount: | $375 million
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| Description: | Senior notes
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| Maturity: | June 17, 2026
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| Bookrunners: | Goldman Sachs & Co. LLC, ING Financial Markets LLC, MUFG and Truist Securities, Inc.
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| Coupon: | 3.75%
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| Spread: | Treasuries plus 350 bps
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| Trade date: | Dec. 10
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| Ratings: | Moody’s: Baa3
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| Kroll: BBB
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| Price guidance: | Treasuries plus 375 bps area
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