UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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of the Securities Exchange Act of 1934
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Item 1.01 - Entry into a Material Definitive Agreement.
On June 28, 2024, Athena Funding I LLC (“Athena Funding I”) executed the Fifth Amendment to the Credit Agreement (the “Amendment”), dated as of July 15, 2022, by and among Athena Funding I, as borrower, Société Générale, as administrative agent, State Street Bank and Trust Company, as collateral agent, collateral administrator, custodian and document custodian, and the lenders party thereto. The Amendment (i) increases the total commitment from $625,000,000 to $925,000,000, consisting of increases of the total term loan commitment from $312,500,000 to $462,500,000, and increases of the total revolving loan commitment from $312,500,000 to $462,500,000, (ii) decreases the interest spread from 2.75% to 2.50%, (iii) includes that Athena Funding I will pay certain unused fees subject to minimum utilization during the Reinvestment Period, (iv) includes the ability to request borrowings in certain non-US dollar currencies, (v) extends the Reinvestment Period from July 15, 2024 to July 15, 2026 and the Stated Maturity from July 15, 2032 to July 15, 2034, and (vi) requires that Athena Funding I owe a prepayment penalty to the extent the commitments are terminated or permanently reduced during the first year following the Closing Date.
Item 2.03 - Creation of a Direct Financial Obligation.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number |
Description | |
| 10.1 |
Fifth Amendment to Credit Agreement, dated as of June 28, 2024, among Athena Funding I LLC, as Borrower, Société Générale, as Administrative Agent, and the Lenders party thereto. | |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Blue Owl Technology Finance Corp. II | ||||||
| Date: July 3, 2024 | By: | /s/ Jonathan Lamm | ||||
| Jonathan Lamm | ||||||
| Chief Financial Officer and Chief Operating Officer | ||||||