Owl Rock Capital, Owl Rock Technology increase and extend revolvers

By Sarah Lizee

Olympia, Wash., Sept. 4 – Owl Rock Capital Corp. amended its senior secured revolving credit agreement on Thursday to increase commitments to $1.355 billion from $1.195 billion, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also increased the accordion feature to $2 billion from $1.5 billion.

Also, $1.295 billion of commitments were extended to Sept. 3, 2025 from April 2, 2024.

The commitment termination date for those commitments was also extended to Sept. 3, 2024 from March 31, 2023.

Additionally, Owl Rock Technology Finance Corp. amended its senior secured revolver on Thursday to increase commitments to $540 million from $240 million.

The amendment also increased the accordion feature to $1.25 billion from $750 million.

The maturity of the revolver was extended to Sept. 3, 2025 from March 15, 2023, and the commitment termination date was extended to Sept. 3, 2024 from March 15, 2022.

Owl Rock Capital is a business development company based in New York. Owl Rock Technology Finance organizes in originating and making debt and equity investments in technology-related companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.