Blue Owl Technology Finance Corp. Enters New Financial Obligation
Ticker: OTF · Form: 8-K · Filed: Dec 23, 2024 · CIK: 1747777
Sentiment: neutral
Topics: debt, financing, material-agreement
Related Tickers: OWL
TL;DR
OWL just took on a new financial obligation, check the details.
AI Summary
On December 20, 2024, Blue Owl Technology Finance Corp. entered into a material definitive agreement related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement.
Why It Matters
This filing indicates a new financial commitment or debt arrangement for Blue Owl Technology Finance Corp., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation can introduce new risks related to debt servicing and financial leverage.
Key Players & Entities
- Blue Owl Technology Finance Corp. (company) — Registrant
- December 20, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement was entered into by Blue Owl Technology Finance Corp. on December 20, 2024?
The filing indicates the entry into a material definitive agreement that resulted in the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
What is the exact nature of the financial obligation created?
The filing does not specify the exact nature of the financial obligation but confirms its creation as a direct financial obligation or an obligation under an off-balance sheet arrangement.
Is this a new debt issuance or a different type of financial commitment?
The filing categorizes it as a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement,' suggesting it could be debt or a similar commitment.
What is the principal executive office address for Blue Owl Technology Finance Corp.?
The principal executive offices are located at 399 Park Avenue, New York, NY 10022.
What was the former name of Blue Owl Technology Finance Corp.?
The former name was Owl Rock Technology Finance Corp., with a date of name change on July 23, 2018.
Filing Stats: 659 words · 3 min read · ~2 pages · Grade level 12.5 · Accepted 2024-12-23 16:30:52
Key Financial Figures
- $1,115,000,000 — ecreases the total facility amount from $1,115,000,000 to $1,065,000,000, (iv) increases the a
- $1,065,000,000 — facility amount from $1,115,000,000 to $1,065,000,000, (iv) increases the accordion provision
- $2,000,000,000 — up to (x) prior to the OTF Merger Date, $2,000,000,000 and (y) following the OTF Merger Date,
- $3,825,000,000 — and (y) following the OTF Merger Date, $3,825,000,000, (v) reduces the unused fee from 0.375%
Filing Documents
- d894459d8k.htm (8-K) — 26KB
- d894459dex101.htm (EX-10.1) — 1167KB
- 0001193125-24-284211.txt ( ) — 1556KB
- ck0001747777-20241220.xsd (EX-101.SCH) — 3KB
- ck0001747777-20241220_lab.xml (EX-101.LAB) — 15KB
- ck0001747777-20241220_pre.xml (EX-101.PRE) — 9KB
- d894459d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Third Amendment to Amended and Restated Senior Secured Revolving Credit Agreement, dated as of December 20, 2024, between Blue Owl Technology Finance Corp., the Lenders party thereto and Truist Bank, as Administrative Agent 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: December 23, 2024 By: /s/ Jonathan Lamm Name: Jonathan Lamm Title: Chief Financial Officer and Chief Operating Officer