Blue Owl Capital Upsizes Revolving Credit Facility to $3.225B and Extends Maturity to 2031

Overview & Material Agreement Details

On October 14, 2026, Blue Owl Finance LLC (an indirect subsidiary of Blue Owl Capital Inc.), along with credit guarantors and MUFG Bank, Ltd. as Administrative Agent, entered into Amendment No. 4 to its Amended and Restated Credit Agreement.

Key Terms of the Amendment

1. Increased Borrowing Capacity:

   • Revolving credit commitments expanded to $3,225,000,000.
   • Potential accordion increase up to $3,870,000,000 subject to customary conditions.

2. Reduced Borrowing Costs & Margin Compression:

   • ABR Loans: Applicable margin lowered to a range of 0.0 to 27.5 basis points (previously 0.0 to 37.5 basis points).
   • Term SOFR Loans: Applicable margin lowered to a range of 77.5 to 127.5 basis points (previously 87.5 to 137.5 basis points).
   • Commitment Fee Rate: Reduced to 7.0 to 16.5 basis points (previously 7.0 to 20.0 basis points).

3. Maturity Extension:

   • The facility maturity date has been extended to October 14, 2031.

4. Expanded Lender Syndicate:

   • Added new institutions including Goldman Sachs Lending Partners LLC, Mizuho Bank, Ltd., BNP Paribas, and The Bank of New York Mellon.

Strategic & Financial Implications

• Enhanced Liquidity: Securing $3.225B+ in long-term credit lines supports operational flexibility, fund co-investments, and corporate initiatives.
• Lower Financing Expense: A 10 bps reduction across SOFR margins and lowered commitment fee tiers reflect strong creditworthiness and will result in annual interest expense savings.
• Extended Debt Runway: Pushing the maturity out to 2031 provides a multi-year liquidity buffer with no near-term refinancing pressures.