Blue Owl Credit Income Corp.: debt financing — Blue Owl Credit Income Corp. issues $550M of 7.750% notes due 2029 to repay revolver

Blue Owl Credit Income Corp.

$550M aggregate principal of 7.750% notes due 2029 issued on Dec 4, 2023.
Net proceeds ~$536.82M after fees; used to pay down $603.1M revolver outstanding as of Sep 30, 2023.
Notes mature Jan 15, 2029; interest payable semi-annually on Jan 15 and Jul 15 starting Jul 15, 2024.
Registration Rights Agreement requires exchange offer filing within 365 days or additional interest.
Affiliates of initial purchasers are revolver lenders and may receive >5% of proceeds.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Blue Owl Credit Income Corp. incurred senior notes of $550 million aggregate principal amount at 7.750% maturing January 15, 2029.

Instrument: senior notes
Principal: $550 million aggregate principal amount
Rate: 7.750%
Maturity: January 15, 2029
Event: incurrence

Exact text from the filing

On December 4, 2023, Blue Owl Credit Income Corp. (the “Company”) completed its previously announced offering of $550 million aggregate principal amount of its 7.750% notes due 2029 (the “Notes”).

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Source: SEC EDGAR

accession 0001193125-23-288630

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