Owl Rock Technology raises revolver by $100 million to $900 million

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Owl Rock Technology Finance Corp. amended its credit agreement with Wells Fargo Bank, NA as administrative agent, bookrunner and lead arranger on Thursday to increase the maximum commitment to $900 million, according to an 8-K filing with the Securities and Exchange Commission.

The $100 million increase was a result of JPMorgan Chase Bank, NA being added as a lender.

As before the amendment, an accordion feature continues to allow the revolver to be increased up to a total of $1.1 billion.

Owl Rock is a business development company based in New York.

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