secwatch / observer
8-K filed March 31, 2023, 7:59 PM ET ticker OTF CIK 0001747777
debt confidence high sentiment neutral materiality 0.50

Blue Owl Technology Finance Corp. (OTF): debt financing — Owl Rock subsidiary ups term loan facility by $150M to $600M, spread rises to 3.31%

Blue Owl Technology Finance Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Blue Owl Technology Finance Corp. amended term loan of $450,000,000 to $600,000,000 with Alter Domus (US) LLC at 3.25% to 3.31%.

Instrument
term loan
Principal
$450,000,000 to $600,000,000
Counterparty
Alter Domus (US) LLC
Rate
3.25% to 3.31%
Event
amendment
Exact text from the filing
(i) increases the total term loan commitment from $450,000,000 to $600,000,000 and (ii) increases the interest spread from 3.25% to 3.31%.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Technology Finance Corp. amended First Amendment with OR Tech Financing I LLC, Alter Domus (US) LLC, State Street Bank and Trust Company, and the lenders party thereto valued at increases the total term loan commitment from $450,000,000 to $600,000,000 (effective 2023-03-30).

Action
amendment
Agreement
credit facility
Counterparty
OR Tech Financing I LLC, Alter Domus (US) LLC, State Street Bank and Trust Company, and the lenders party thereto
Value
increases the total term loan commitment from $450,000,000 to $600,000,000
Effective
2023-03-30
Exact text from the filing
On March 30, 2023, OR Tech Financing I LLC (“OR Tech Financing I”), a wholly owned subsidiary of Owl Rock Technology Finance Corp., executed the First Amendment (the “Amendment”) to the Amended and Restated Credit Agreement, dated as of December 22, 2022, by and among OR Tech Financing I, as borrower, Alter Domus (US) LLC, as administrative agent and document custodian, State Street Bank and Trust Company, as collateral agent, collateral administrator and custodian, and the lenders party thereto. The Amendment (i) increases the total term loan commitment from $450,000,000 to $600,000,000 and (ii) increases the interest spread from 3.25% to 3.31%.
View on SEC.gov

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Blue Owl Technology Finance Corp. filing history →

Source: SEC EDGAR
accession 0001193125-23-088215
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