Blue Owl Technology ups revolver to $825 million, extends to 2028

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – Blue Owl Technology Finance Corp. II, formerly Owl Rock Technology Finance Corp. II, entered on Oct. 13 into an amendment to its senior secured credit agreement to extend the maturity to October 2028 from June 2027, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, the total facility amount was increased by $200 million to $825 million, the revolving period was extended to October 2027 from June 2026, and a portion of the revolving availability was converted into term loan availability.

Finally, the credit spread adjustment was trimmed.

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

Proceeds may be used for general corporate purposes.

The specialty finance company is based in New York.

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