Blue Owl Technology Financial Corp. raised $150 million through a private placement of senior unsecured notes yielding 7.6% and maturing in September 2032. The transaction is the company’s third financing since June and brings debt raised to $800 million. The coupon is the highest for an OTF bond issue since September 2023, when the company priced $75 million of notes at an 8.5% yield. OTF shares are down 21% year-to-date, while non-accrual investments rose to 0.6% of the portfolio at cost in the second quarter from 0.3% in the prior quarter. The fund ended the period with more than $2 billion in cash and unused credit-line capacity.