Blue Owl Technology Income Corp. entered into the Fourth Amendment to its Senior Secured Credit Agreement on September 10, 2026. This amendment modifies the facility originally dated May 2, 2022, which has been previously amended by agreements dated October 23, 2023, June 24, 2024, and October 21, 2024.
The Fourth Amendment includes several specific changes to the terms of the credit facility. The revolver availability period has been extended from October 2028 to September 2030. Additionally, the scheduled maturity date for the facility has been pushed back from October 2029 to September 2031.
The total facility amount was decreased from $1,050,000,000 to $975,000,000. The accordion provision, which allows for increases to the total facility amount, was adjusted to permit increases up to a total of $1,462,500,000. The amendment also resets the minimum shareholders’ equity test.
The Company stated that the reduction in the total facility amount was a voluntary action intended to reduce borrowing costs and align with its target leverage. The amendment was entered into by the Company as the Borrower, its subsidiary guarantors, the lenders party to the agreement, and Sumitomo Mitsui Banking Corporation, which serves as Administrative Agent and Collateral Agent.
