---
schema_version: "secwatch.filing_event.v1"
accession: "0001855747-23-000077"
form_type: "8-K"
ticker: "BLND"
cik: "0001855747"
company_name: "Blend Labs, Inc."
filed_at: "2023-11-28T23:59:59+00:00"
generated_at: "2026-06-07T21:11:38.772012+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001855747-23-000077
- form_type: 8-K
- ticker: BLND
- cik: 0001855747
- company_name: Blend Labs, Inc.
- filed_at: 2023-11-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000077/0001855747-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000077/blnd-20231127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-23-000077
- JSON: https://secwatch.observer/filing/0001855747-23-000077.json
- Plain text: https://secwatch.observer/filing/0001855747-23-000077.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000077/0001855747-23-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.