debt
confidence high
sentiment positive
materiality 0.75
Blue Owl Tech Finance subsidiary ups credit facility to $400M, extends to Nov 2029, cuts spread to 2.4%
Blue Owl Technology Finance Corp.
- Commitments increased from $300M to $400M under Amendment No.2, dated Oct 30, 2024.
- Reinvestment period extended to Nov 16, 2027; maturity extended to Nov 16, 2029.
- Spread reduced from 2.625% to 2.400%; Term SOFR Adjustment removed.
- State Street Bank replaced Alter Domus as Collateral Custodian.
- Proceeds used for general corporate purposes; borrowings count for asset coverage under 1940 Act.