other
confidence high
sentiment neutral
materiality 0.15
Blue Owl Technology Finance swaps CDOR for CORRA on CAD revolving credit facility
Blue Owl Technology Finance Corp.
- Second Amendment to Senior Secured Revolving Credit Agreement replaces CDOR with CORRA for Canadian Dollar loans.
- CORRA credit spread adjustment set at 0.29547% for 1-month tenor and 0.32138% for 3-month tenor.
- Benchmark replacement effective June 29, 2024; conforming changes incorporated into the agreement.
- No change in total commitment size ($1.09B) or other material terms; existing loans unaffected.