Blue Owl Capital Corp II: debt financing — Blue Owl Capital Corp II enters $250M senior secured credit facility

Blue Owl Capital Corp II

Initial commitments include $25M term loan and $225M revolving line; capacity can increase to $1B via accordion feature.
Maturity set for Jan 12, 2029; revolving availability ends Jan 12, 2028.
Facility secured by first-priority interest in substantially all portfolio investments of the company and guarantors.
Proceeds to be used for general corporate purposes, including funding portfolio investments.
Arranged by SMBC, Truist, MUFG, and Wells Fargo; Sumitomo Mitsui acts 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 II incurred credit facility of $25,000,000 initial term loan and up to $225,000,000 revolving credit facility with Sumitomo Mitsui Banking Corporation at term SOFR plus a margin, or the prime rate plus a margin maturing January 12, 2029.

Instrument: credit facility
Principal: $25,000,000 initial term loan and up to $225,000,000 revolving credit facility
Counterparty: Sumitomo Mitsui Banking Corporation
Rate: term SOFR plus a margin, or the prime rate plus a margin
Maturity: January 12, 2029
Event: incurrence

Exact text from the filing

The Facility provides for a term loan in an initial amount of $25,000,000 and a revolving credit facility in an initial amount of up to $225,000,000

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Blue Owl Capital Corp II entered into Senior Secured Credit Agreement with Sumitomo Mitsui Banking Corporation, Truist Securities, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association valued at $250,000,000 initial commitment ($25M term loan + $225M revolver), expandable to $1,000,000,000 (effective 2024-01-12).

Action: entry
Agreement: credit facility
Counterparty: Sumitomo Mitsui Banking Corporation, Truist Securities, Inc., MUFG Bank, Ltd., Wells Fargo Bank, National Association
Value: $250,000,000 initial commitment ($25M term loan + $225M revolver), expandable to $1,000,000,000
Effective: 2024-01-12

Exact text from the filing

On January 12, 2024, Blue Owl Capital Corporation II (the "Company"), a Maryland corporation, entered into a Senior Secured Credit Agreement (the "Facility").

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Source: SEC EDGAR

accession 0001193125-24-010247

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