Material Agreement Form 8 K

On October 10, 2024 (the "Amendment Date"), ORCC III Financing II LLC ("ORCC III Financing II"), a subsidiary of Blue Owl Capital Corporation III (the "Company"), and the Company entered into the Amendment No. 2 (the "Amendment" and the facility as amended, the "Secured Credit Facility"), which amended that certain Loan Financing and Servicing Agreement, dated as of December 2, 2021, as amended by Amendment No. 1, dated as of February 18, 2022, by and among ORCC III Financing II, as borrower, the Company, as equityholder and services provider, the lenders from time to time parties thereto, Deutsche Bank AG, New York Branch, as Facility Agent, State Street Bank and Trust Company, as Collateral Agent and Alter Domus (US) LLC, as Collateral Custodian. Among other changes, the Amendment: (i) replaced Alter Domus (US) LLC with State Street Bank and Trust Company as Collateral Custodian, (ii) increased the Facility Amount from $350,000,000 to $500,000,000, (iii) extended the Revolving Period to December 2, 2027 and the Facility Termination Date to December 2, 2029, (vi) added the ability to draw in CAD, Euro and GBP and (vii) amended the Reduction Fee schedule and certain facility fees and expenses.

Borrowings of ORCC III Financing II are considered our borrowings for purposes of complying with the asset coverage requirements under the 1940 Act.