---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-191412"
form_type: "8-K"
ticker: null
cik: "0001812554"
company_name: "Blue Owl Credit Income Corp."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:04:28.361212+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Credit Income Corp. adds $150M of 7.950% notes due 2028; net proceeds ~$148M to pay down revolver

## Summary
- $150M aggregate principal of 7.950% notes due 2028 issued, same terms as existing $500M series.
- Net proceeds ~$147.79M after deducting fees and estimated expenses of ~$850,000.
- Proceeds used to repay revolver ($324M outstanding as of July 10, 2023; matures Aug 2027).
- Notes rank pari passu with existing unsecured debt; structurally subordinated to ~$3.7B in SPV and CLO debt.
- Registration Rights Agreement requires exchange offer or shelf registration by June 13, 2024; additional interest if missed.

## SEC filing metadata
- accession: 0001193125-23-191412
- form_type: 8-K
- cik: 0001812554
- company_name: Blue Owl Credit Income Corp.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812554/000119312523191412/0001193125-23-191412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812554/000119312523191412/d524146d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191412
- JSON: https://secwatch.observer/filing/0001193125-23-191412.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191412.txt

## Key facts
- Debt Financings
  Blue Owl Credit Income Corp. incurred senior notes of $150 million aggregate principal amount with SMBC Nikko Securities America, Inc., RBC Capital Markets, LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC at 7.950% maturing June 13, 2028.
  - Instrument: senior notes
  - Principal: $150 million aggregate principal amount
  - Counterparty: SMBC Nikko Securities America, Inc., RBC Capital Markets, LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC
  - Rate: 7.950%
  - Maturity: June 13, 2028
  - Event: incurrence
  source text: On July 21, 2023, Blue Owl Credit Income Corp. (f/k/a Owl Rock Core Income Corp.) (the “Company”) completed its previously announced offering of an additional $150 million aggregate principal amount of its 7.950% notes due 2028 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523191412/0001193125-23-191412-index.htm
- Material Agreements
  Blue Owl Credit Income Corp. entered into Purchase Agreement dated July 14, 2023 with SMBC Nikko Securities America, Inc., RBC Capital Markets, LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several initial purchasers valued at $150 million aggregate principal amount of 7.950% notes due 2028 (effective 2023-07-14).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: SMBC Nikko Securities America, Inc., RBC Capital Markets, LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several initial purchasers
  - Value: $150 million aggregate principal amount of 7.950% notes due 2028
  - Effective: 2023-07-14
  source text: On July 21, 2023, Blue Owl Credit Income Corp. (f/k/a Owl Rock Core Income Corp.) (the “Company”) completed its previously announced offering of an additional $150 million aggregate principal amount of its 7.950% notes due 2028 (the “Notes”). The offering was consummated pursuant to the terms of a purchase agreement (the “Purchase Agreement”) dated July 14, 2023 among the Company and Blue Owl Credit Advisors LLC (f/k/a Owl Rock Capital Advisors LLC) (the “Adviser”), on the one hand, and SMBC Nikko Securities America, Inc., RBC Capital Markets, LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several initial purchasers listed on Schedule 1 thereto (the “Initial Purchasers”), on the other hand.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312523191412/0001193125-23-191412-index.htm

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