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 Income Corp. amended credit facility of $875,000,000 with Sumitomo Mitsui Banking Corporation at 0.10% for all Loan tenors maturing October 2028.
- Instrument
- credit facility
- Principal
- $875,000,000
- Counterparty
- Sumitomo Mitsui Banking Corporation
- Rate
- 0.10% for all Loan tenors
- Maturity
- October 2028
- Event
- amendment
Exact text from the filing
extends the revolver availability period from May 2026 to October 2027, (ii) extends the scheduled maturity date from April 2027 to October 2028, (iii) converts a portion of the revolver availability into term loan availability, (iv) increases the total facility amount from $800,000,000 to $875,000,000 and (v) 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 to 0.10% for all Loan tenors.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Blue Owl Technology Income Corp. amended First Amendment with Sumitomo Mitsui Banking Corporation (effective 2023-10-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Sumitomo Mitsui Banking Corporation
- Effective
- 2023-10-23
Exact text from the filing
On October 23, 2023, Blue Owl Technology Income Corp. (f/k/a Owl Rock Technology Income Corp.) (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 May 2, 2022.
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