secwatch / observer
8-K filed November 27, 2023, 6:59 PM ET CIK 0001812554
debt confidence high sentiment neutral materiality 0.60

Blue Owl Credit Income Corp.: debt financing — Blue Owl Credit Income subsidiary upsizes secured credit facility to $1B, extends maturity to 2028

Blue Owl Credit Income Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Blue Owl Credit Income Corp. amended credit facility of increased from $750,000,000 to $1,000,000,000 with Bank of America, N.A. at changed from a range of 1.60% to 2.10% to a range of 1.75% to 2.60% maturing extended from March 24, 2027 to November 21, 2028.

Instrument
credit facility
Principal
increased from $750,000,000 to $1,000,000,000
Counterparty
Bank of America, N.A.
Rate
changed from a range of 1.60% to 2.10% to a range of 1.75% to 2.60%
Maturity
extended from March 24, 2027 to November 21, 2028
Event
amendment
Exact text from the filing
manager. The First Credit Facility Amendment amends the Secured Credit Facility to, among other things: (i) increase the financing limit under the Secured Credit Facility from $750,000,000 to $1,000,000,000, (ii) change the range of applicable margin from a range of 1.60% to 2.10% (prior to the First Credit Facility Amendment) to a range of 1.75% to 2.60% (after the
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Credit Income Corp. amended First Credit Facility Amendment with Bank of America, N.A. (effective 2023-11-21).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A.
Effective
2023-11-21
Exact text from the filing
On November 21, 2023, Core Income Funding III LLC, a wholly owned subsidiary of Blue Owl Credit Income Corp., a Maryland corporation (the "Company" or "us"), entered into Amendment No. 1 (the "First Credit Facility Amendment) to its senior secured revolving credit facility (the "Secured Credit Facility"), dated March 24, 2022, by and among Core Income Funding III LLC, as borrower, Blue Owl Credit Advisors LLC, as servicer, the lenders from time to time parties thereto, Bank of America, N.A., as administrative agent, State Street Bank and Trust Company, as collateral agent, Alter Domus (US) LLC as collateral custodian and Bank of America, N.A., as sole lead arranger and sole book manager.
View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR
accession 0001193125-23-282904
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.