Owl Rock Technology Income Corp.

10/16/2024 | Press release | Distributed by Public on 10/16/2024 14:32

Material Agreement Form 8 K

Item 1.01 - Entry into a Material Definitive Agreement.

On October 10, 2024, Tech Income Funding II LLC ("Tech Income Funding II"), a wholly-owned subsidiary of Blue Owl Technology Income Corp. (the "Company" or "us"), entered into Amendment No. 2 (the "Second Credit Facility Amendment") to its senior secured revolving credit facility (the "Secured Credit Facility"), dated May 31, 2023, by and among Tech Income Funding II LLC, as Borrower, the Company, as collateral manager and equityholder, the lenders from time to time parties thereto, Citibank, N.A., as administrative agent, Alter Domus (US) LLC, as custodian, and State Street Bank and Trust Company, as collateral agent and collateral administrator.

The Second Credit Facility Amendment amends the Secured Credit Facility to, among other things, (i) increase the financing limit under the Secured Credit Facility from $250 million to $500 million, (ii) replace Alter Domus as collateral custodian with State Street, (iii) extend the end of the Reinvestment Period from May 31, 2026 to October 10, 2027, (iv) extend the Final Maturity Date from May 31, 2028 to October 10, 2029 and (v) change the applicable margin from 3.05% to a range of 1.60% to 2.35%, depending on collateral. Additionally, under the Secured Credit Facility, the Borrower will pay certain unused fees subject to minimum utilization during the Reinvestment Period.

The description above is only a summary of the material provisions of the Second Credit Facility Amendment and is qualified in its entirety by reference to a copy of the Second Credit Facility Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-Kand is incorporated herein by reference.