Blue Owl Capital Corp III: debt financing — Blue Owl Capital Corp III increases credit facility to $575M, extends maturity to 2028

Blue Owl Capital Corp III

Total facility increased from $450M to $575M; revolver availability period extended to Dec 2027, maturity to Dec 2028.
Portion of revolver availability converted into term loan availability.
Credit adjustment spread for Term Benchmark Loans reduced to 0.10% for all tenors.
Amendment dated December 21, 2023, among borrower, lenders, and JPMorgan Chase as administrative agent.

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 Capital Corp III amended credit facility of $575,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent maturing December 2028.

Instrument: credit facility
Principal: $575,000,000
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Maturity: December 2028
Event: amendment

Exact text from the filing

The First Amendment, among other things, (i) extends the revolver availability period from December 2026 to December 2027, (ii) extends the scheduled maturity date from December 2027 to December 2028, (iii) converts a portion of the existing revolver availability into term loan availability, (iv) increases the total facility amount from $450,000,000 to $575,000,000 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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Source: SEC EDGAR

accession 0001193125-23-303055

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