On Oct. 10, 2024, Tech Income Funding II, a wholly owned subsidiary of Blue Owl Technology Income, amended its senior secured revolving credit facility, according to an 8-K filing. Citibank served as the administrative agent, with State Street Bank and Trust acting as both the collateral agent and custodian following this amendment.
The amendment increases the financing limit of the credit facility from $250 million to $500 million, extends the reinvestment period from May 31, 2026, to Oct. 10, 2027, and extends the final maturity date from May 31, 2028, to Oct. 10, 2029. The applicable margin on borrowings has been reduced from 3.05% to a range of 1.60% to 2.35%, depending on the collateral composition. Additionally, the facility requires the borrower to pay certain unused fees, subject to a minimum utilization threshold during the reinvestment period.
This amendment enhances Tech Income Funding II’s financial flexibility by providing additional borrowing capacity and lowering financing costs over an extended period.
