debt
confidence high
sentiment neutral
materiality 0.60
Blue Owl Technology Finance closes $650M 6.100% notes due 2028 offering
Blue Owl Technology Finance Corp.
- Completed private placement of $650M aggregate principal of 6.100% notes due March 15, 2028.
- Net proceeds of approximately $638.1M after fees and expenses of ~$11.9M.
- Proceeds to pay down portions of Revolving Credit Facility and SPV Asset Facility II.
- Notes rank pari passu with existing unsecured debt; effectively subordinated to secured debt.
- Company also entered into Registration Rights Agreement to exchange notes for registered securities.