Loan & DebtJun 5, 2026, 04:07 PM
Blue Owl Technology Finance Issues $500M 6.500% Notes Due 2029
AI Summary
Blue Owl Technology Finance Corp. entered into a Seventh Supplemental Indenture for $500,000,000 aggregate principal amount of 6.500% notes due 2029. The notes will mature on October 15, 2029, and are redeemable by the company under specified terms. The company intends to use the net proceeds from this offering to pay down certain existing outstanding indebtedness, including its senior secured revolving credit facility and its 3.75% notes due 2026.
Key Highlights
- Blue Owl Technology Finance Corp. issued $500,000,000 aggregate principal amount of notes.
- The notes bear interest at a rate of 6.500% per year, payable semi-annually.
- The notes will mature on October 15, 2029.
- The company may redeem the notes prior to September 15, 2029, at a specified redemption price.
- Proceeds will be used to pay down existing indebtedness, including its Revolving Credit Facility and 3.75% notes due 2026.
- The June 2026 Notes mature on June 17, 2026, and bear interest at 3.75% per year.
- The offering was made pursuant to an underwriting agreement with Mizuho Securities USA LLC, J.P. Morgan Securities LLC, and others.
Price Impact
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