Blue Owl Technology Finance (NYSE: OTF) amends $1.1B Athena credit line

Rhea-AI Filing Summary

Blue Owl Technology Finance Corp., through its subsidiary Athena Funding I LLC, amended its existing credit agreement to secure a larger, cheaper, and longer-term funding facility. The total commitment under the facility increased from $925,000,000 to $1,100,000,000, including a higher revolving loan commitment from $462,500,000 to $637,500,000.

The amendment also reduces the interest spread from 2.50% to 2.05%, which can lower borrowing costs on the facility, and extends the Reinvestment Period from July 15, 2026 to December 10, 2027. In addition, the Stated Maturity moves from July 15, 2034 to December 11, 2035, giving the company a longer duration of committed capital.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 11, 2025

BLUE OWL TECHNOLOGY FINANCE CORP.

(Exact name of Registrant as Specified in Its Charter)

Maryland		000-55977		83-1273258
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

399 Park Avenue New York, NY		10022
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (212) 419-3000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		OTF		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement

On December 11, 2025, Athena Funding I LLC (“Athena Funding I”) executed the Sixth Amendment to Credit Agreement (the “Amendment”), which amends that certain Credit Agreement, dated as of July 15, 2022, by and among Athena Funding I, as borrower, Société Générale, as administrative agent, State Street Bank and Trust Company, as collateral agent, collateral administrator, custodian and document custodian, and the lenders party thereto. The Amendment (i) increases the total commitment from $925,000,000 to $1,100,000,000, consisting of an increase of the total revolving loan commitment from $462,500,000 to $637,500,000, (ii) decreases the interest spread from 2.50% to 2.05%, and (iii) extends the Reinvestment Period from July 15, 2026 to December 10, 2027 and the Stated Maturity from July 15, 2034 to December 11, 2035.

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		Sixth Amendment to Credit Agreement, dated as of December 11, 2025, among Athena Funding I LLC, as Borrower, Société Générale, as Administrative Agent, the Lenders party thereto, and State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator, Custodian and Document Custodian.
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 hereunto duly authorized.

				Blue Owl Technology Finance Corp.
December 16, 2025				By:		/s/ Jonathan Lamm
				Name:		Jonathan Lamm
				Title:		Chief Operating Officer and Chief Financial Officer

FAQ

What did Blue Owl Technology Finance Corp. (OTF) change in its credit facility?

The company’s subsidiary Athena Funding I LLC executed a Sixth Amendment to its Credit Agreement, increasing total commitments, lowering the interest spread, and extending both the Reinvestment Period and the Stated Maturity.

How much did the Athena Funding I credit facility increase for Blue Owl Technology Finance Corp. (OTF)?

The amendment raises the total commitment from $925,000,000 to $1,100,000,000, and increases the revolving loan commitment from $462,500,000 to $637,500,000.

How did the interest terms change in Blue Owl Technology Finance Corp.’s Athena facility?

The amendment reduces the interest spread on the credit facility from 2.50% to 2.05%, which can lower the cost of borrowing under this agreement.

What are the new maturity and reinvestment dates for the Athena Funding I credit agreement?

The Reinvestment Period is extended from July 15, 2026 to December 10, 2027, and the Stated Maturity is extended from July 15, 2034 to December 11, 2035.

Who are the key counterparties in Blue Owl Technology Finance Corp.’s amended credit agreement?

Athena Funding I LLC is the borrower, Socie9te9 Ge9ne9rale acts as administrative agent, and State Street Bank and Trust Company serves as collateral agent, collateral administrator, custodian, and document custodian, alongside the lenders party to the agreement.

Where can investors find the full details of the Sixth Amendment related to OTF?

The full text of the Sixth Amendment to the Credit Agreement, dated December 11, 2025, is filed as Exhibit 10.1 to this report.