UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 - Entry into a Material Definitive Agreement.
On August 20, 2024, Athena Funding II LLC (“Athena Funding II”), a Delaware limited liability company and wholly owned subsidiary of Blue Owl Technology Finance Corp. II, a Maryland corporation (the “Company”), entered into Amendment No. 1 (the “First Credit Facility Amendment”) to the Loan and Management Agreement (the “Secured Credit Facility”), dated November 8, 2022, by and among Athena Funding II LLC, as Borrower, the Company, as Collateral Manager and Transferor, MUFG Bank, Ltd. (“MUFG”), as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent and Collateral Administrator, Alter Domus (US) LLC as Custodian, the lenders from time to time parties thereto (the “Lenders”) and the group agents from time to time parties thereto.
The First Credit Facility Amendment amends the Secured Credit Facility to change the applicable spread for borrowings under the Secured Credit Facility from (i) 2.85% to 2.625% during the Reinvestment Period and (ii) 3.25% to 3.025% after the Reinvestment Period. The First Credit Facility Amendment also amends the Secured Credit Facility to (i) extend the Reinvestment Period from November 8, 2024 to October 27, 2026, (ii) extend the maturity date from November 8, 2027 to October 27, 2029 and (iii) replace Alter Domus as collateral custodian with State Street.
The description above is only a summary of the material provisions of the First Credit Facility Amendment and is qualified in its entirety by reference to a copy of the form of First Credit Facility Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.
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
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: August 21, 2024 | By: | /s/ Jonathan Lamm | ||||
| Jonathan Lamm | ||||||
| Chief Financial Officer and Chief Operating Officer | ||||||