Blend Labs prepays $85M term loans, terminates $25M revolver, extends maturity to 2027

Blend Labs, Inc.

Entered Second Amendment to Credit Agreement with Blue Owl Technology Finance Corp. on Nov 27, 2023.
Revolving loan commitments under the Credit Agreement terminated entirely (previously $25M).
Term loan maturity extended to June 30, 2027 (springing condition).
Optionally prepaid $85M of outstanding term loans to reduce debt and interest expense.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blend Labs, Inc. amended Second Amendment to the Credit Agreement with Blue Owl Technology Finance Corp. valued at aggregate principal amount of $85,000,000 (effective 2023-11-27).

Action: amendment
Agreement: credit facility
Counterparty: Blue Owl Technology Finance Corp.
Value: aggregate principal amount of $85,000,000
Effective: 2023-11-27

Exact text from the filing

On November 27, 2023 , Blend Labs, Inc. (the “Company”) entered into a Second Amendment to the Credit Agreement, among the Company, as borrower, the guarantors party thereto, and Blue Owl Technology Finance Corp., as administrative agent for the Lenders (the “Amendment”).

View on SEC.gov

Browse all material agreements →

Blend Labs, Inc. filing history →

Source: SEC EDGAR

accession 0001855747-23-000077

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.