Blue Owl Technology Finance Corp. filed a Form 8-K on August 20, 2026, disclosing two significant financing events dated August 14, 2026 and August 20, 2026: the establishment of a new $250,000,000 revolving credit facility through subsidiary Athena Funding IV LLC, and the issuance of $400,000,000 in additional 6.500% notes due 2029.

Key Highlights

  • New credit facility: Subsidiary Athena Funding IV LLC entered into a Credit Agreement with a maximum principal amount of $250,000,000, with Natixis, New York Branch as administrative agent.
  • Credit facility interest rate: Drawn amounts bear interest at SOFR plus a spread of 2.25% per annum; the undrawn revolving commitment is subject to an undrawn fee of 0.50% per annum.
  • Credit facility maturity: The Credit Agreement matures on August 14, 2036, with a reinvestment period of up to two years after the August 14, 2026 closing date.
  • Additional notes issued: The company issued $400,000,000 aggregate principal amount of 6.500% notes due 2029 on August 20, 2026, as additional notes under an existing indenture.
  • Total notes outstanding: Upon issuance of the new notes, the outstanding aggregate principal amount of the company's 6.500% Notes due 2029 became $900,000,000.
  • Notes maturity and interest: The notes mature on October 15, 2029, and bear interest at 6.500% per year, payable semiannually on April 15 and October 15, commencing October 15, 2026.
  • Use of proceeds: The company disclosed it expects to use net proceeds from the notes offering to pay down existing outstanding indebtedness, including its senior secured revolving credit facility.

Blue Owl Technology Finance Details Two Financing Transactions in August 2026

According to the filing, Blue Owl Technology Finance Corp. (NYSE:OTF), a Maryland corporation, disclosed two distinct financing transactions in a single Form 8-K. The first involved Athena Funding IV LLC, a Delaware limited liability company and subsidiary of the company, entering into a Credit Agreement on August 14, 2026. The Credit Agreement names Natixis, New York Branch as administrative agent, and The Bank of New York Mellon Trust Company, National Association as collateral agent, collateral administrator, custodian, and collateral custodian. The company disclosed it expects from time to time to sell and contribute certain investments to Athena Funding IV, with "no gain or loss" to be recognized as a result of such contributions. Proceeds from the credit facility are to be used to finance the origination and acquisition of eligible assets by Athena Funding IV.

The filing states that the credit facility's availability is subject to a borrowing base test based on the value of Athena Funding IV's assets, along with an overcollateralization ratio test, an interest coverage ratio test, a lender advance rate test, and certain concentration limitations and collateral quality tests. The facility may be permanently reduced, in whole or in part, at Athena Funding IV's option, subject to payment of a premium for a period of time. The filing further notes that borrowings of Athena Funding IV are considered the company's borrowings for purposes of complying with asset coverage requirements under the 1940 Act. Assets pledged to lenders "will not be available to pay the debts of the Company," according to the filing.

The second transaction, reported under Item 2.03, involved the issuance of $400,000,000 in additional 6.500% notes due 2029 on August 20, 2026. The filing states these new notes were issued under the Base Indenture dated June 12, 2020, as supplemented by the Seventh Supplemental Indenture dated June 5, 2026, the same indenture under which the company had previously issued $500,000,000 of the same series on June 5, 2026. The new notes share the same CUSIP number and are described in the filing as fungible with the existing notes. The notes are described as "direct, general unsecured obligations of the Company." Before September 15, 2029, the company may redeem the notes at a price equal to the greater of a make-whole calculation at the treasury rate plus 40 basis points, or 100% of principal amount, plus accrued interest in either case.

What Was Disclosed

The filing disclosed the creation of a $250,000,000 revolving credit facility through subsidiary Athena Funding IV LLC maturing in 2036, and the issuance of $400,000,000 in additional 6.500% notes due 2029, bringing the total outstanding principal of that note series to $900,000,000.