Dresser Utility Solutions, a provider of global infrastructure technology and a portfolio company of First Reserve, has secured a $335 million credit facility from funds managed by Blue Owl Capital’s credit platform.

The new credit facility will be used to support the company’s ongoing capital needs, fund strategic acquisitions and general corporate purposes.

“This new credit facility enhances our financial flexibility and allows us to continue investing in our future growth,” Nelson Rowe, chief financial officer of Dresser Utility Solutions, said. “We appreciate the strong support from our lending partners and their confidence in our strategy.”