Blue Owl Technology Finance issues $150M 7.60% senior notes due 2032

Blue Owl Technology Finance Corp.

$150M aggregate principal, 7.60% coupon, due Sept 3, 2032, private placement to qualified institutional investors.
Third financing since June 30; total debt raised $800M, including $400M 6.5% notes due 2029 and $250M SPV facility.
Notes are unsecured, guaranteed by certain subsidiaries, rank pari passu with existing unsecured unsubordinated debt.
Covenants include minimum net worth $4.943B and asset coverage ratio 1.50x; interest step-ups on below-investment-grade or secured-debt-ratio events.
CEO Packer cites low non-accrual rates and strong investor support; proceeds to strengthen liquidity and fund portfolio growth.

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