Blue Owl Technology Finance Corp. filed a Form 8-K on September 15, 2026, disclosing that its subsidiary Athena Funding III LLC executed a First Amendment to its Loan Financing and Servicing Agreement on September 11, 2026, increasing the facility's maximum principal amount and modifying borrowing base conditions.

Key Highlights

  • Facility upsized: The maximum principal amount was increased from $150,000,000 to $250,000,000.
  • Amendment date: The First Amendment to the Loan Financing and Servicing Agreement was executed on September 11, 2026.
  • Subsidiary involved: Athena Funding III LLC, a subsidiary of the company, is the borrower under the agreement.
  • Borrowing base modified: The Amendment also modifies the conditions with respect to the borrowing base test.
  • Key counterparties: Deutsche Bank AG, New York Branch serves as facility agent; State Street Bank and Trust Company serves as collateral agent and collateral custodian.
  • Original agreement date: The underlying Loan Financing and Servicing Agreement was originally dated May 21, 2026.

Blue Owl Technology Finance Subsidiary Amends and Expands Lending Facility

According to the filing, Athena Funding III LLC, a subsidiary of Blue Owl Technology Finance Corp. (NYSE:OTF), executed the First Amendment to its Loan Financing and Servicing Agreement on September 11, 2026, referred to in the filing as the "First Amendment Closing Date." The company itself is named as equityholder and services provider under the agreement, with Deutsche Bank AG, New York Branch acting as facility agent and State Street Bank and Trust Company acting as collateral agent and collateral custodian.

The filing discloses that the Amendment makes two principal changes to the original agreement: it increases the maximum principal amount from $150,000,000 to $250,000,000, and it modifies the conditions with respect to the borrowing base test. The filing notes that the description of the Amendment "does not purport to be complete and is qualified in its entirety by reference to the Amendment filed as an exhibit hereto." Certain schedules to the exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K, with the company agreeing to furnish omitted schedules to the SEC upon request.

The filing covers both Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation), with Item 2.03 incorporating by reference the information set forth under Item 1.01. The report was signed by Jonathan Lamm, Chief Operating Officer and Chief Financial Officer, on September 15, 2026.

What Was Disclosed

Blue Owl Technology Finance Corp. reported that subsidiary Athena Funding III LLC amended its existing credit facility on September 11, 2026, raising the maximum principal amount from $150,000,000 to $250,000,000 and modifying borrowing base test conditions.