Blue Owl Technology Finance Corp. Enters Material Definitive Agreement
Ticker: OTF · Form: 8-K · Filed: Nov 4, 2024 · CIK: 1747777
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Blue Owl Tech Finance just signed a big deal, creating a new financial obligation.
AI Summary
On October 30, 2024, Blue Owl Technology Finance Corp. entered into a material definitive agreement, creating a direct financial obligation. The company, formerly known as Owl Rock Technology Finance Corp., is incorporated in Maryland and headquartered at 399 Park Avenue, New York, NY.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Blue Owl Technology Finance Corp., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.
Key Players & Entities
- Blue Owl Technology Finance Corp. (company) — Registrant
- Owl Rock Technology Finance Corp. (company) — Former company name
- October 30, 2024 (date) — Date of earliest event reported
- 399 Park Avenue, New York, NY 10022 (location) — Principal Executive Offices
FAQ
What type of material definitive agreement did Blue Owl Technology Finance Corp. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that it was entered into on October 30, 2024, and created a direct financial obligation.
What is the significance of creating a 'Direct Financial Obligation'?
A direct financial obligation means the company has taken on a new debt or commitment that directly impacts its balance sheet and financial liabilities.
When was Blue Owl Technology Finance Corp. formerly known as?
The company was formerly known as Owl Rock Technology Finance Corp., with a name change date of July 23, 2018.
Where are Blue Owl Technology Finance Corp.'s principal executive offices located?
The principal executive offices are located at 399 Park Avenue, New York, NY 10022.
What is the filing date for this 8-K report?
This 8-K report was filed as of November 4, 2024.
Filing Stats: 613 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-11-04 16:32:01
Key Financial Figures
- $600,000,000 — ncreases the total term commitment from $600,000,000 to $700,000,000, (ii) amends the Commit
- $700,000,000 — al term commitment from $600,000,000 to $700,000,000, (ii) amends the Commitment Fee from 0.
Filing Documents
- d876032d8k.htm (8-K) — 26KB
- d876032dex101.htm (EX-10.1) — 1346KB
- 0001193125-24-250655.txt ( ) — 1754KB
- ck0001747777-20241030.xsd (EX-101.SCH) — 3KB
- ck0001747777-20241030_lab.xml (EX-101.LAB) — 15KB
- ck0001747777-20241030_pre.xml (EX-101.PRE) — 9KB
- d876032d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Second Amendment to Amended and Restated Credit Agreement, dated as of October 30, 2024, among OR Tech Financing I LLC, as Borrower, and the Lenders party thereto, and acknowledged by Alter Domus (US) LLC, as Administrative Agent and Original Document Custodian and State Street Bank and Trust Company, as Successor Document Custodian. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLUE OWL TECHNOLOGY FINANCE CORP. Dated: November 4, 2024 By: /s/ Jonathan Lamm Name: Title: Jonathan Lamm Chief Financial Officer and Chief Operating Officer