---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-076545"
form_type: "8-K"
ticker: null
cik: "0001807427"
company_name: "Blue Owl Capital Corp III"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:36:24.669955+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Capital Corp III enters $300M secured revolving credit facility

## Summary
- Facility max principal $300M, available in USD, GBP, CAD, EUR, matures March 20, 2029.
- Interest based on applicable benchmark (SOFR, SONIA, CORRA, EURIBOR) plus spread 1.75%-2.50%.
- Commitment fee of 0.25%-1.25% on undrawn amount during three-year availability period.
- Prepayment penalty applies if commitments reduced in first two years.
- Borrowings count toward asset coverage under 1940 Act; collateral not available for Company debts.

## SEC filing metadata
- accession: 0001193125-24-076545
- form_type: 8-K
- cik: 0001807427
- company_name: Blue Owl Capital Corp III
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807427/000119312524076545/0001193125-24-076545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807427/000119312524076545/d742576d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-076545
- JSON: https://secwatch.observer/filing/0001193125-24-076545.json
- Plain text: https://secwatch.observer/filing/0001193125-24-076545.txt

## Key facts
- Material Agreements
  Blue Owl Capital Corp III entered into Credit Agreement with Bank of America, N.A., as administrative agent, State Street Bank and Trust Company, as collateral agent, and Alter Domus (US) LLC, as collateral custodian valued at $300 million (effective 2024-03-20).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, State Street Bank and Trust Company, as collateral agent, and Alter Domus (US) LLC, as collateral custodian
  - Value: $300 million
  - Effective: 2024-03-20
  source text: On March 20, 2024 (the “Closing Date”), OBDC III Financing III LLC (“OBDC III Financing III”), a Delaware limited liability company and newly formed subsidiary of Blue Owl Capital Corporation III, a Maryland corporation (the “Company” or “us”), entered into a Credit Agreement (the “Secured Credit Facility”), with OBDC III Financing III, as borrower, Blue Owl Diversified Credit Advisors LLC, as servicer, the lenders from time to time parties thereto, Bank of America, N.A., as administrative agent, State Street Bank and Trust Company, as collateral agent, and Alter Domus (US) LLC, as collateral custodian.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807427/000119312524076545/0001193125-24-076545-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.