Blue Owl BDCs Declare Special Distributions, Provide Debt Investment Updates

Both non-listed business development companies sponsored by Blue Owl Capital Inc. – Blue Owl Credit Income Corp. and Blue Owl Technology Income Corp. – declared second quarter 2025 special distributions, payable on or before July 31, 2025.

Blue Owl Credit Income Corp. declared its standard gross monthly distributions of $0.0701 for May, June, and July (the same distribution amount as paid during the prior quarter) payable on or before June 30, July 31 and Aug. 31, respectively. The BDC’s special distribution of $0.0327 per share for Q2 2025 was also the same amount as in the prior quarter.

Blue Owl Technology Income Corp. declared gross monthly distributions of $0.074775 per share for May, June, and July (the same distribution amount as paid during the prior quarter) payable on or before June 30, July 31 and Aug. 31, respectively. It declared a special distribution of $0.01 per share, marginally lower than the $0.02 special distribution from the first quarter.

Blue Owl Credit Income Corp. also amended its existing revolving credit facility dated March 2022, to increase the financing limit by $150 million – up to $1.65 billion from $1.5 billion.

In addition to the expanded capacity, the amendment has also revised the applicable margin on borrowings. The new interest rate range has been lowered from 1.60% to 2.60% to a more favorable 1.525% to 1.95%. The amendment also provides for extended timelines; the availability period for drawing funds was modified from June 30, 2027, to May 22, 2028. Further, the maturity date of the facility has been pushed back from June 30, 2029, to May 22, 2030.

In other news:

Blue Owl Credit Income Corp. reported its April 2025 monthly net asset value per share as follows.

Class S shares had a NAV per share of $9.40 in April, compared to $9.46 in March, a decrease of approximately 0.63%.

Class D shares had a NAV per share of $9.41, compared to $9.47, a decrease of approximately 0.63%.

Class I shares had a NAV per share of $9.42, compared to $9.49, a decrease of approximately 0.74%.

Blue Owl Credit Income Corp. also announced the sale of unregistered Class I common shares to feeder vehicles pursuant to Regulation S for total consideration of $29.8 million. The company also completed its offering of $500 million of its 5.9% notes due 2028.

As of April 30, Blue Owl Credit Income Corp. had debt investments in 343 portfolio companies with an aggregate par value of nearly $29.8 billion. As of April 30, its portfolio consisted of 90% first lien debt investments, 3.7% second lien debt investments, 1.5% unsecured debt investments, 1.5% preferred equity investments, 2.3% common equity investments, and 1% joint ventures. At the end of April, 98.5% of the debt investments in its portfolio were at floating rates.

Blue Owl Technology Income Corp. reported its April 2025 NAV per share at $10.31, down 0.29% from $10.34 in March. Blue Owl Technology Income Corp. also announced the sale of unregistered Class I common shares to feeder vehicles pursuant to Regulation S for total consideration of $17.7 million.

As of April 30, Blue Owl Technology Income Corp. had debt investments in 171 portfolio companies with an aggregate value of $5.5 billion. As of April 30, its portfolio consisted of 91.7% first lien debt investments, 3% second lien debt investments, 1.1% unsecured debt investments, 3% preferred equity investments, and 1.2% common equity investments. At the end of April, 99.2% of the debt investments in its portfolio were at floating rates.

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