UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 - Entry into a Material Definitive Agreement.
On October 21, 2024, Blue Owl Technology Income Corp. (the “Company”) entered into the Third Amendment to that certain Senior Secured Credit Agreement (the “Third Amendment”), which amends that certain Senior Secured Credit Agreement, dated as of May 2, 2022 (as amended by the First Amendment to Senior Secured Credit Agreement, dated October 23, 2023, as amended by the Second Amendment to Senior Secured Credit Agreement, dated June 24, 2024 and as further amended by the Third Amendment). The parties to the Third Amendment include the Company, as Borrower, the subsidiary guarantors party thereto solely with respect to Section 6.9 therein, the lenders party thereto and Sumitomo Mitsui Banking Corporation as Administrative Agent. The Third Amendment, among other things, (i) extends the revolver availability period from October 2027 to October 2028, (ii) extends the scheduled maturity date from October 2028 to October 2029, (iii) increases the total facility amount from $975,000,000 to $1,000,000,000, (iv) reduces the unused fee from 0.375% to 0.350% on all unused commitments, (v) reduces the applicable margin from (a) with respect to any ABR Loan, 1.00% to 0.875% per annum, (b) with respect to any Term Benchmark Loan, 2.00% to 1.875% per annum, and (c) with respect to any RFR Loan, 2.00% to 1.875% per annum and (vi) resets the minimum shareholders’ equity test.
Item 2.03 - Creation of a Direct Financial Obligation.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number |
Description | |
| 10.1 | Third Amendment to Senior Secured Credit Agreement, dated as of October 21, 2024, between Blue Owl Technology Income Corp., the Lenders and Issuing Banks party thereto and Sumitomo Mitsui Banking Corporation as Administrative Agent. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Blue Owl Technology Income Corp. | ||||||
| Dated: October 24, 2024 | By: | /s/ Bryan Cole | ||||
| Name: Bryan Cole | ||||||
| Title: Chief Financial Officer and Chief Operating Officer | ||||||