10/29/2024 | Press release | Distributed by Public on 10/29/2024 14:34
Item 1.01 - Entry into a Material Definitive Agreement.
On October 24, 2024 (the "Amendment Date"), Tech Income Funding I LLC ("Tech Income Funding I"), a subsidiary of Blue Owl Technology Income Corp. (the "Company") entered into Amendment No. 2 to Credit Agreement and Margining Agreement (the "Amendment" and the facility as amended the "Secured Credit Facility"), which amended (a) that certain Margining Agreement, dated as of May 6, 2022, as amended by Amendment No. 1 to Credit Agreement and Margining Agreement, dated July 31, 2023, by and between Tech Income Funding I, as borrower and Goldman Sachs Bank USA, as administrative agent and (b) that certain Credit Agreement, dated as of April 27, 2022, as amended by Amendment No. 1 to Credit Agreement and Margining Agreement, dated July 31, 2023, by and among Tech Income Funding I, as borrower, the lenders from time to time parties thereto, Goldman Sachs Bank USA as sole lead arranger, syndication agent and administrative agent, State Street Bank and Trust Company as collateral administrator and 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 under the Credit Agreement, (ii) extended the Reinvestment Period through May 6, 2027 and the Scheduled Maturity Date to May 6, 2029, (iii) reduced the Spread from 2.75% to 2.40%, (iv) amended the definition of Minimum Spread Payment and (v) added the BSL Rebate to be paid to the Borrower. The Amendment also amended the definition of Value Adjustment Event under the Margining Agreement.