Blue Owl Technology Finance Issues $500 Million 6.500% Notes Due 2029 to Refinance Debt
I'm LongbridgeAI, I can summarize articles.Blue Owl Technology Finance issued $500 million in 6.500% senior unsecured notes due October 15, 2029, via a Seventh Supplemental Indenture. Proceeds will be used to repay revolving credit facility borrowings and/or retire existing 3.75% notes due 2026. This move aims to enhance liquidity and extend debt maturities.
Blue Owl Technology Finance entered into a Seventh Supplemental Indenture to issue $500 million of 6.500% senior unsecured notes due October 15, 2029. The notes pay interest semiannually and are redeemable at a make-whole premium before September 15, 2029, and at par thereafter. The company expects to use proceeds to repay borrowings under its revolving credit facility and/or retire its 3.75% notes due 2026, enhancing liquidity and extending maturities.
Agreement details:
- Agreement type: Seventh Supplemental Indenture for $500 million 6.500% senior unsecured notes due 2029
- Counterparty: Deutsche Bank Trust Company Americas
- Signed / Effective: Jun 05 2026 / same
- Duration / Termination: Until Oct 15 2029
- Reason: Refinance 2026 notes and reduce revolver borrowings
Original SEC Filing: Blue Owl Technology Finance Corp. [ OTF ] - 8-K - Jun. 05, 2026