Blue Owl Technology Finance Corp. closed a $150 million debt offering on September 4, 2026, marking the company’s third major financing in just over two months and bringing its total capital raised during the period to $800 million to strengthen liquidity and fund growth.
The offering consists of 7.60% senior unsecured notes due September 3, 2032, issued in a private placement. The transaction demonstrates strong investor demand for the specialty finance company’s debt instruments as it manages a $14.7 billion portfolio of investments across 205 technology-focused companies.
This September closing follows two earlier financings in the same quarter. In August, OTF issued $400 million of 6.500% senior unsecured notes due 2029, and separately raised $250 million through a special purpose vehicle facility secured by a pool of portfolio investments.
Chief Executive Officer Craig W. Packer emphasized the company’s strong operational position. “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,” Packer said in a statement.
The capital raise also reflects confidence in OTF’s lending strategy. The company ended the second quarter with more than $2 billion in cash and available capacity across its credit facilities. During that period, OTF extended its $2.7 billion revolving credit facility, with all existing bank partners renewing their commitments and the company adding a new lending relationship that provided incremental financing capacity.
OTF, a business development company regulated under the Investment Company Act of 1940, focuses on debt and equity investments in U.S. technology companies, with particular emphasis on software. As of June 30, 2026, the company had reported 205 portfolio companies with an aggregate fair value of $14.7 billion, with 81% of the portfolio in senior-secured investments and 78% in first-lien loans backed by private equity sponsors.
The aggressive debt-raising pace reflects broader trends in the private credit market. Business development companies have been tapping debt markets actively as they seek to fund growth in a competitive lending environment. BDCs function as vehicles for investors to access diversified pools of private credit assets, and they rely on debt financing to leverage their equity capital and expand their lending portfolios.
Packer noted that the added financial flexibility positions OTF “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.”
Sources
- PR Newswire — Blue Owl Technology Finance Corp.’s September 4, 2026 announcement of the $150 million private placement closing, details of the three financings totaling $800 million since June 30, and CEO commentary
- Stock Titan — Confirmation of the 7.60% interest rate, September 3, 2032 maturity date, and details of the August $400 million offering
- Investing.com — Reporting on the third financing since June 30, 2026, and the total debt capital raised during the period
- Blue Owl Technology Finance official website — Portfolio composition details, including 205 companies, $14.7 billion fair value, 81% senior-secured investments, and 78% first-lien loans
