Blue Owl’s Tech BDC Closes $150M Private Placement of Senior Unsecured Notes
Blue Owl Technology Finance Corp. (NYSE: OTF) has closed a private placement of $150 million aggregate principal amount of 7.6% senior unsecured notes due Sept. 3, 2032.
The transaction is the publicly traded business development company’s third financing since June 30, 2026, bringing total debt capital raised during the period to $800 million. In August, OTF issued an additional $400 million of its 6.5% notes due 2029. OTF also raised $250 million through a special purpose vehicle facility secured by a pool of portfolio investments.
“OTF’s portfolio continues to perform well, with one of the lowest non-accrual rates in the BDC sector, and we continue to see strong support from both debt investors and our bank partners,” said Craig W. Packer, chief executive officer. “We have raised $800 million of debt financing since quarter-end through unsecured notes and an SPV facility, which further strengthens and diversifies our funding base. This added flexibility positions us to grow the portfolio and capitalize on an increasingly attractive environment for technology investing while maintaining our underwriting discipline that has defined OTF’s performance.”
During the second quarter, OTF issued $500 million of its 6.5% notes due 2029, added $150 million of secured financing, and extended its $2.7 billion revolving credit facility. Every existing bank partner renewed its revolver commitment, according to the company, and OTF added a new lending relationship that provided incremental financing capacity. OTF said it ended the quarter with more than $2 billion of cash and available capacity across its credit facilities and repaid its notes due June 2026 at maturity.
Blue Owl Technology Finance Corp. (NYSE: OTF) is a specialty finance company that makes debt and equity investments in U.S. technology-related companies, with a strategic focus on software. As of June 30, 2026, OTF had investments in 205 portfolio companies with an aggregate fair value of $14.7 billion. OTF is externally managed by Blue Owl Technology Credit Advisors LLC and part of Blue Owl’s Credit platform. OTF began trading on the New York Stock Exchange in June 2025.
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