Blue Owl Technology Finance Corp. (OTF) Form 8-K — Aug 20, 2026
Blue Owl Technology Finance Corp. issued an additional $400,000,000 of its 6.500% notes due 2029 on August 20, 2026, bringing total outstanding principal of the series to $900,000,000. The New Notes are fungible with and rank equally against the $500,000,000 of Existing Notes issued June 5, 2026, and both mature October 15, 2029. Net proceeds of the notes offering will be used to pay down existing indebtedness, including borrowings under the company's senior secured revolving credit facility, which matures June 16, 2031 and bears interest at term SOFR plus a 1.875% margin (1.75% above a 1.60x borrowing base threshold).
Key figures
- Debt Amount
- 400000000
- Interest Rate
- 6.5
- Maturity Date
- October 15, 2029
- Notes coupon
- 6.500% per annum, payable semiannually April 15 and October 15
- Par call date
- September 15, 2029
- Mizuho allocation
- 60000000
- Athena facility spread
- SOFR plus 2.25% per annum
- Athena facility maturity
- August 14, 2036
- Existing notes principal
- 500000000
- Athena credit facility max
- 250000000
- Athena reinvestment period
- two years from August 14, 2026 closing
- Underwriter purchase price
- 98.657% of aggregate principal amount
- Athena facility undrawn fee
- 0.50% per annum (0.15% below 50% utilization threshold)
- Revolving credit facility margin
- term SOFR plus 1.875% (or 1.75% if borrowing base >= 1.60x combined debt)
- Revolving credit facility maturity
- June 16, 2031
- Total notes outstanding after issuance
- 900000000
Price after filing
Close on the filing date to close N calendar days later (from $11.11). Historical, not a forecast.
AI analysis
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