Blue Owl Technology lifts revolver to $1.09 billion, extends to 2028

By Wendy Van Sickle

Columbus, Ohio, Oct. 2 – Blue Owl Technology Finance Corp., formerly Owl Rock Technology Finance Corp., entered on Sept. 26 into an amendment to its senior credit agreement to increase the facility amount by $50 million to $1.09 billion and extend the maturity to September 2028 from November 2027, according to an 8-K filing with the Securities and Exchange Commission.

Also, a portion of revolving availability was converted into term loan availability, and the accordion was increased to permit a total facility amount of up to $1,635,000,000, up from $1.56 billion.

Finally, the credit spread adjustment was trimmed.

Truist Bank is administrative agent. Truist Securities, Inc. and ING Capital LLC are the bookrunners and are lead arrangers along with MUFG Bank, Ltd., Sumitomo Mitsui Banking Corp. and JPMorgan Chase Bank, NA.

Proceeds may be used for general corporate purposes.

The specialty finance company is based in New York.

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