Blue Owl Technology Finance Corp raises $800 million in debt financing

Blue Owl Technology Finance Corp. has successfully closed a $150 million private placement of senior unsecured notes, marking its third financing since June 30, 2026. This latest transaction brings the total debt capital raised by the company to $800 million, significantly bolstering its liquidity and financial flexibility.

According to the company, in August, Blue Owl issued an additional $400 million of its 6.500% notes due 2029, and it also raised $250 million through a special purpose vehicle (SPV) facility secured by a pool of portfolio investments. Prior to this, the company had issued $500 million of its 6.500% notes due 2029, added $150 million of secured financing, and extended its $2.7 billion revolving credit facility, which was renewed by every existing bank partner and supplemented by a new lending relationship.

Craig W. Packer, CEO of Blue Owl Technology Finance Corp., commented, "OTF's portfolio continues to perform well, with one of the lowest non-accrual rates in the BDC sector. We are seeing strong support from both debt investors and our bank partners. This additional $800 million of debt financing, through unsecured notes and an SPV facility, further strengthens and diversifies our funding base. It positions us to grow the portfolio and capitalize on an increasingly attractive environment for technology investing while maintaining our underwriting discipline."

As of June 30, 2026, Blue Owl Technology Finance Corp. had investments in 205 portfolio companies with an aggregate fair value of $14.7 billion. The company, regulated as a business development company under the Investment Company Act of 1940, is externally managed by Blue Owl Technology Credit Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. (NYSE: OWL) and part of Blue Owl's Credit platform.

Packer added, "With this strong financial position, we are well-equipped to continue our strategic focus on making debt and equity investments in U.S. technology-related companies, particularly in the software sector. The recent financings underscore our commitment to maintaining a robust and flexible funding structure that supports our growth objectives."

The company noted that the Notes were not registered under the Securities Act of 1933, as amended, or applicable state securities laws, and were offered and sold in reliance on the exemption provided by Section 4(a)(2) of the Securities Act. The press release cautions that the information provided includes "forward-looking statements" that are subject to risks and uncertainties, and investors should not place undue reliance on these statements.