Blue Owl Capital Corp (OBDC): debt financing — Blue Owl Capital subsidiary amends credit facility; extends maturity, lowers margin, raises advance rate

Blue Owl Capital Corp

Amendment No. 7 to ORCC III Financing LLC's secured credit facility extends revolving period to March 2028 and termination to March 2030.
Applicable margin reduced from 2.70% to 1.90% for all loans; advance rate cap raised from 60% to 62.5%.
State Street Bank replaces Alter Domus as collateral custodian; First-Citizens Bank and Crédit Agricole added as lenders.
Prepayment penalty may apply if commitments terminated or reduced within first year of amendment.

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 amended credit facility with Societe Generale at change the applicable margin from 2.6693% for GBP loans and 2.70% for all other maturing extend the Facility Termination Date from March 15, 2028 to March 15, 2030.

Instrument: credit facility
Counterparty: Societe Generale
Rate: change the applicable margin from 2.6693% for GBP loans and 2.70% for all other
Maturity: extend the Facility Termination Date from March 15, 2028 to March 15, 2030
Event: amendment

Exact text from the filing

The Seventh Credit Facility Amendment amends the Secured Credit Facility to, among other things, (i) replace Alter Domus as collateral custodian with State Street, (ii) extend the end of the Revolving Period from March 16, 2026 to March 16, 2028, (iii) extend the Facility Termination Date from March 15, 2028 to March 15, 2030, (iv) change the applicable margin from 2.6693% for GBP loans and 2.70% for all other loans to an applicable margin of 1.90% for all loans and (v) change the cap for the advance rate from 60% to 62.5%.

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Source: SEC EDGAR

accession 0001193125-25-140799

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