Loan & DebtJun 30, 2026, 04:38 PM
Blue Owl Capital Extends $4B Credit Facility, Increases Accordion to $6B
AI Summary
Blue Owl Capital Corp. amended its senior secured revolving credit agreement, extending the maturity to June 2031 and increasing the accordion provision to $6 billion. The total facility amount was slightly reduced from $4.025 billion to $4 billion. Concurrently, a $300 million secured credit facility for its subsidiary, OBDC III Financing III LLC, was terminated and all obligations repaid.
Key Highlights
- Senior secured revolving credit agreement extended to June 2031.
- Revolver availability period extended from November 2028 to June 2030.
- Accordion provision increased to permit total facility up to $6,000,000,000.
- Total facility amount reduced from $4,025,000,000 to $4,000,000,000.
- Minimum shareholders' equity test was reset.
- Subsidiary's $300,000,000 secured credit facility terminated.
- All outstanding obligations under the terminated facility were repaid.
Price Impact
More from OBDC