secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Credit Income Corp. (—)
CIK:        0001812554
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001193125-23-191412
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812554/000119312523191412/0001193125-23-191412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812554/000119312523191412/d524146d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-191412

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