Blue Owl Technology Finance closes $150M senior unsecured notes

Blue Owl Technology Finance Corp. (NYSE: OTF) has closed a private placement of $150 million in aggregate principal amount of 7.60% senior unsecured notes due September 3, 2032.

The transaction is the third debt financing OTF has completed since June 30, 2026, bringing total debt capital raised during the period to $800 million. In August, OTF issued an additional $400 million of its 6.500% notes due 2029, and previously raised $250 million through a special purpose vehicle facility secured by a pool of portfolio investments.

During the second quarter, OTF 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. Every existing bank partner renewed its revolver commitment, and OTF added a new lending relationship. OTF ended the quarter with more than $2 billion of cash and available capacity across its credit facilities, and repaid its notes due June 2026 at maturity.

Craig W. Packer, Chief Executive Officer, said the company has "raised $800 million of debt financing since quarter-end through unsecured notes and an SPV facility, which further strengthens and diversifies our funding base."

As of June 30, 2026, OTF held investments in 205 portfolio companies with an aggregate fair value of $14.7 billion. The notes were sold in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 and have not been registered under that act.

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