---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-155556"
form_type: "8-K"
ticker: null
cik: "0001812554"
company_name: "Blue Owl Credit Income Corp."
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:16:22.799140+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Owl Rock Core Income Corp. completes $395.82M CLO securitization

## Summary
- Completed $395.82M CLO through subsidiary Owl Rock CLO XI, LLC on May 24, 2023.
- Issued $152.5M AAA(sf) A-1T notes at SOFR+2.50%, $25.5M AAA(sf) A-1F notes at 6.10%, $32M AA(sf) B notes at SOFR+3.60%.
- Borrowed $50M under Class A-1L loans at SOFR+2.50%; debt matures May 15, 2035.
- Issued $135.82M in preferred shares, all purchased by the company; proceeds for general corporate purposes.
- Owl Rock Capital Advisors LLC serves as collateral manager, has waived collateral management fees.

## SEC filing metadata
- accession: 0001193125-23-155556
- form_type: 8-K
- cik: 0001812554
- company_name: Blue Owl Credit Income Corp.
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/0001193125-23-155556-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/d513642d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-155556
- JSON: https://secwatch.observer/filing/0001193125-23-155556.json
- Plain text: https://secwatch.observer/filing/0001193125-23-155556.txt

## Key facts
- Debt Financings
  Blue Owl Credit Income Corp. incurred loan of $152.5 million of AAA(sf) Class A-1T Notes, $25.5 million of AAA(sf) Class A-1F Notes, $32 million of AA(sf) Class B Not with SMBC Nikko Securities America, Inc. at three-month term SOFR plus 2.50%, 6.10%, three-month term SOFR plus 3.60% maturing May 15, 2035.
  - Instrument: loan
  - Principal: $152.5 million of AAA(sf) Class A-1T Notes, $25.5 million of AAA(sf) Class A-1F Notes, $32 million of AA(sf) Class B Not
  - Counterparty: SMBC Nikko Securities America, Inc.
  - Rate: three-month term SOFR plus 2.50%, 6.10%, three-month term SOFR plus 3.60%
  - Maturity: May 15, 2035
  - Event: incurrence
  source text: shares pursuant to an indenture and security agreement dated as of the Closing Date (the “Indenture”), by and among the Issuer and State Street Bank and Trust Company: (i) $152.5 million of AAA(sf) Class A-1T Notes, which bear interest at three-month term SOFR plus 2.50%, (ii) $25.5 million of AAA(sf) Class A-1F Notes, which bear interest at 6.10% and (iii) $32
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/0001193125-23-155556-index.htm
- Debt Financings
  Blue Owl Credit Income Corp. incurred term loan of $50 million under floating rate Class A-1L loans with various financial institutions, and State Street Bank and Trust Company at three-month term SOFR plus 2.50% maturing May 15, 2035.
  - Instrument: term loan
  - Principal: $50 million under floating rate Class A-1L loans
  - Counterparty: various financial institutions, and State Street Bank and Trust Company
  - Rate: three-month term SOFR plus 2.50%
  - Maturity: May 15, 2035
  - Event: incurrence
  source text: borrowing by the Issuer of $50 million under floating rate Class A-1L loans (the "Class A-1L Loans" and together with the Secured Notes, the "Debt").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/0001193125-23-155556-index.htm
- Material Agreements
  Blue Owl Credit Income Corp. entered into Core Income Funding IV Loan Sale Agreement with Core Income Funding IV LLC valued at approximately $260.584 million (effective 2023-05-24).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Core Income Funding IV LLC
  - Value: approximately $260.584 million
  - Effective: 2023-05-24
  source text: additional loan sale agreement executed on the Closing Date between the Issuer and Core Income Funding IV LLC (the “Core Income Funding IV Loan Sale Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/0001193125-23-155556-index.htm
- Material Agreements
  Blue Owl Credit Income Corp. entered into A-1L Loan Agreement with various financial institutions, and State Street Bank and Trust Company valued at $50 million (effective 2023-05-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: various financial institutions, and State Street Bank and Trust Company
  - Value: $50 million
  - Effective: 2023-05-24
  source text: The Class A-1L Loans were borrowed under a loan agreement (the “A-1L Loan Agreement”), dated as of the Closing Date, by and among the Issuer, as borrower, various financial institutions, as lenders, and State Street Bank and Trust Company, as collateral trustee and loan agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/0001193125-23-155556-index.htm
- Material Agreements
  Blue Owl Credit Income Corp. entered into ORCIC Loan Sale Agreement with Owl Rock CLO XI, LLC valued at approximately $96.434 million (effective 2023-05-24).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Owl Rock CLO XI, LLC
  - Value: approximately $96.434 million
  - Effective: 2023-05-24
  source text: the Company entered into a loan sale agreement with the Issuer dated as of the Closing Date (the “ORCIC Loan Sale Agreement”), which provided for the contribution of approximately $96.434 million funded par amount of middle market loans from the Company to the Issuer on the Closing Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/0001193125-23-155556-index.htm
- Material Agreements
  Blue Owl Credit Income Corp. entered into Indenture and Security Agreement with State Street Bank and Trust Company valued at $395.82 million (effective 2023-05-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: State Street Bank and Trust Company
  - Value: $395.82 million
  - Effective: 2023-05-24
  source text: The CLO Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the Closing Date (the “Indenture”), by and among the Issuer and State Street Bank and Trust Company: (i) $152.5 million of AAA(sf) Class A-1T Notes, which bear interest at three-month term SOFR plus 2.50%, (ii) $25.5 million of AAA(sf) Class A-1F Notes, which bear interest at 6.10% and (iii) $32 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 3.60% (together, the “Secured Notes”) and (B) the borrowing by the Issuer of $50 million under floating rate Class A-1L loans (the “Class A-1L Loans” and together with the Secured Notes, the “Debt”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/0001193125-23-155556-index.htm
- Material Agreements
  Blue Owl Credit Income Corp. entered into Collateral Management Agreement with Owl Rock Capital Advisors LLC (effective 2023-05-24).
  - Action: entry
  - Counterparty: Owl Rock Capital Advisors LLC
  - Effective: 2023-05-24
  source text: ORCA will serve as collateral manager for the Issuer under a collateral management agreement dated as of the Closing Date (the “Collateral Management Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523155556/0001193125-23-155556-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.