Blue Owl Technology Finance Corp. 8-K

What Happened
Blue Owl Technology Finance Corp. disclosed (8-K filed Dec 22, 2025) that its subsidiary ORTF Funding I LLC entered into Amendment No. 3 to its secured credit facility and related margining agreement on December 17, 2025. The amendment updates the Credit Agreement originally dated November 16, 2021 (previously amended in 2023 and 2024) with Goldman Sachs Bank USA as administrative agent and State Street Bank and Trust Company as collateral agent.

Key Details

• Amendment No. 3 was executed on December 17, 2025 and is reflected in the 8-K filed Dec 22, 2025.
• Reinvestment Period extended through November 16, 2028.
• Scheduled Maturity Date extended to November 16, 2030.
• Spread (pricing margin) reduced from 2.400% to 2.00%.
• Parties involved include ORTF Funding I (borrower), the lenders, Goldman Sachs Bank USA (Sole Lead Arranger, Syndication Agent and Administrative Agent) and State Street Bank and Trust Company (Collateral Administrator/Agent/Custodian).

Why It Matters
The amendment lengthens the period during which the subsidiary can reinvest and delays the facility’s maturity, which can reduce near-term refinancing pressure. The lowered spread reduces borrowing cost under the facility, which may modestly improve the subsidiary’s financing economics. These are material changes to ORTF Funding I’s funding arrangement and could affect the company’s cost of capital and cash flow timing; the filing does not disclose changes to principal amounts or other economic terms beyond those specified above.