debt
confidence high
sentiment neutral
materiality 0.60
Blue Owl Tech Fin. amends credit pact: maturity to Dec 2029, facility cut $50M, accordion up to $3.825B
Blue Owl Technology Finance Corp.
- Third Amendment extends revolver availability from Sep 2027 to Dec 2028 and maturity from Sep 2028 to Dec 2029.
- Total facility decreased from $1,115M to $1,065M; accordion increased to $2B (pre-merger) and $3.825B (post-merger).
- Unused fee reduced from 0.375% to 0.350% on all commitments; minimum shareholders' equity test reset.
- Amendment references a future OTF merger; accordion expansion tied to such merger.