Exhibit 10.8
AMENDMENT TO LOAN AGREEMENT
THIS AMENDMENT No. 1 (the “Amendment”) to the LOAN AGREEMENT (the “Agreement”) by and between Owl Rock Feeder FIC LLC, a Delaware limited liability company (“Lender”) and Owl Rock Technology Finance Corporation II, a Maryland corporation (the “Borrower”) is made, entered into and effective as of March 14, 2022 (the “Effective Date”).
RECITALS
WHEREAS, capitalized terms used but not defined herein, have the meaning given thereto in the Agreement; and
WHEREAS, the parties desire to enter into this Amendment to modify the manner in which interest is calculated.
AGREEMENTS
NOW THEREFORE, in consideration of the mutual covenants hereinafter contained, it is hereby agreed as follows:
1.Paragraph 5 of the Agreement is hereby amended and restated in its entirety as follows:
Interest.
a)Advances made under the Revolving Note prior to March 14, 2022 shall bear interest at a rate equal to the lesser of (i) the rate of interest for an ABR Loan or (ii) the rate of interest for a Eurodollar Loan under the Credit Agreement dated as of April 15, 2021, as amended or supplemented from time to time (the “MUFG Agreement”), by and among Owl Rock Capital Advisors LLC, as Borrower, the several lenders from time to time party thereto, MUFG Union Bank, N.A., as Collateral Agent and MUFG Bank, Ltd., as Administrative Agent.
b)Advances made under the Revolving Note on or after March 14, 2022 shall bear interest at a rate equal to the lesser of (i) the rate of interest for a SOFR Loan or (ii) the rate of interest for an ABR Loan under the Credit Agreement dated as of December 7, 2021, as amended or supplemented from time to time (the “MUFG Agreement”), by and among Blue Owl Finance LLC, as Borrower, Blue Owl Capital Holdings LP and Blue Owl Capital Carry LP as Parent Guarantors, the Subsidiary Guarantors party thereto, Bank of America, N.A., as Syndication Agent, JPMorgan Chase Bank, N.A., Xxxxx Fargo Bank, National Association and Sumitomo Mitsui Banking Corporation, as Co-Documentation Agents and MUFG Bank, Ltd., as Administrative Agent.
c)The particular interest rate for each Advance shall be set forth on Schedule A to the Revolving Note and shall be prima facie evidence of the interest rate for such Advance.
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IN WITNESS WHEREOF, each of the Borrower and Lender have caused this Amendment No. 1 to be executed and delivered by its respective duly authorized officer, as of the date first shown above.
Owl Rock Technology Finance Corp. II
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By: |
/s/ Xxxxxxxx Xxxx |
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Xxxxxxxx Xxxx |
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Chief Operating Officer and Chief Financial Officer |
Owl Rock Feeder FIC LLC
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By: |
/s/ Xxxx Xxxxxxxxxxx |
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Xxxx Xxxxxxxxxxx |
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Chief Financial Officer |
