debt
confidence high
sentiment neutral
materiality 0.60
Blue Owl Tech Finance issues $400M 6.5% notes due 2029; $250M Athena IV facility
Blue Owl Technology Finance Corp.
- Issued $400M additional 6.5% notes due 2029, total outstanding $900M; proceeds to repay revolver.
- New notes are fungible with existing June 2026 notes, same CUSIP; mature Oct 15, 2029.
- Entered $250M revolving credit facility for subsidiary Athena Funding IV, SOFR+2.25%, maturity 2036.
- Facility secured by Athena IV assets; borrowing base and overcollateralization tests apply.