secwatch / observer
8-K filed October 17, 2023, 7:59 PM ET CIK 0001889668
debt confidence high sentiment positive materiality 0.60

Blue Owl Technology Finance Corp. II: debt financing — Blue Owl Technology Finance Corp. II amends credit facility: increases to $825M, extends maturity to Oct 2028

Blue Owl Technology Finance Corp. II

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. II amended credit facility of $825,000,000 with Truist Bank as Administrative Agent at credit adjustment spread for Term Benchmark Loans from 0.10% for one-month tenor maturing October 2028.

Instrument
credit facility
Principal
$825,000,000
Counterparty
Truist Bank as Administrative Agent
Rate
credit adjustment spread for Term Benchmark Loans from 0.10% for one-month tenor
Maturity
October 2028
Event
amendment
Exact text from the filing
from June 2027 to October 2028, (iii) converts a portion of the revolver availability into term loan availability, (iv) increases the total facility amount from $625,000,000 to $825,000,000 and (iv) reduces the credit adjustment spread for Term Benchmark Loans from 0.10% for one-month tenor Loans, 0.15% for three-month tenor Loans and 0.25% for six-month tenor Loans
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Technology Finance Corp. II amended First Amendment with Truist Bank valued at $825,000,000 (effective 2023-10-13).

Action
amendment
Agreement
credit facility
Counterparty
Truist Bank
Value
$825,000,000
Effective
2023-10-13
Exact text from the filing
On October 13, 2023, Blue Owl Technology Finance Corp. II (f/k/a Owl Rock Technology Finance Corp. II) (the “Company”) entered into the First Amendment to that certain Senior Secured Credit Agreement (the “First Amendment”), which amends that certain Senior Secured Credit Agreement, dated as of June 9, 2022.
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-257693
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