Loan & DebtMay 28, 2026, 04:28 PM
Blue Owl Technology Finance Subsidiary Secures $250M Credit Facility
AI Summary
Blue Owl Technology Finance Corp.'s subsidiary, Athena Funding III LLC, entered into a Loan Financing and Servicing Agreement on May 21, 2026. This agreement establishes a credit facility with an initial maximum principal amount of $150 million, expandable to $250 million. The proceeds will be used to finance the origination and acquisition of eligible assets by Athena Funding III, with the Company retaining a residual interest. The facility has a three-year revolving period and matures on May 21, 2031.
Key Highlights
- Subsidiary Athena Funding III entered a Loan Financing and Servicing Agreement.
- Initial maximum principal amount of credit facility is $150 million.
- Facility amount can increase up to $250 million.
- Revolving loan period is up to three years.
- Facility matures on May 21, 2031.
- Interest rate is SOFR + 2.10% per annum during revolving period.
- Undrawn fee of 0.25% per annum applies.
Price Impact
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