secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Technology Finance Corp. (OTF)
CIK:        0001747777
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001193125-22-289036
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owl Rock Tech Finance upsizes credit facility to $1.04B, extends maturity to Nov 2027
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- Swingline subfacility increased from $50M to $200M; availability period extended to Nov 2026; maturity extended to Nov 2027.
- Maximum initial principal $1.04B, can increase to $1.56B via uncommitted accordion; facility replaces LIBOR with term SOFR.
- Removed all maintenance financial covenants except minimum shareholders' equity and asset coverage ratio tests; reset equity test.
- Facility secured by first-priority interest in substantially all portfolio investments; funds used for general corporate purposes.
- Fee of 0.375% on average daily undrawn amounts; interest rates: Term SOFR + 1.875% or prime rate + 0.875% (lower if borrowing base >1.6x debt).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747777/000119312522289036/0001193125-22-289036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747777/000119312522289036/d424029d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-289036

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