Blue Owl Technology Finance Corp. Completes $150 Million Senior Unsecured Notes Offering
Blue Owl Technology Finance Corp. (OTF) has completed a private placement of $150 million in senior unsecured notes with an interest rate of 7.60% and maturity on September 3, 2032. This is the third financing since June 30, bringing total debt capital raised to $800 million during this period. OTF has also issued additional $400 million in notes due 2029 and secured a further $250 million through a special purpose vehicle facility backed by portfolio investments. CEO Craig W. Packer highlighted OTF's strong performance, including one of the lowest non-accrual rates among business development companies (BDCs), as well as continued support from debt investors and bank partners. OTF has maintained its financial flexibility through these financings while expanding its investment portfolio in technology-related firms. The company ended the second quarter with over $2 billion in cash and available credit capacity, having repaid notes due June 2026 at maturity.
Tickers: $OTF
Topics: BDC (Business Development Company) corporate finance liquidity management technology investing