secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Credit Income Corp. (—)
CIK:        0001812554
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001193125-24-021890
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Owl Credit Income Corp. issues $750M of 6.650% Notes due 2031, net proceeds ~$728.9M to repay revolver
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- Issued $750M aggregate principal of 6.650% Notes due March 15, 2031; net proceeds ~$728.9M after fees and offering expenses.
- Net proceeds used to repay a portion of outstanding borrowings under senior secured revolving credit facility (Revolver) maturing Nov 2028.
- Notes rank pari passu with existing unsecured notes; structurally subordinated to ~$3.0B in SPV facilities and ~$810M in CLOs.
- Affiliates of certain initial purchasers are lenders under Revolver and may receive >5% of offering proceeds upon repayment.
- Company entered into Registration Rights Agreement to exchange Notes for registered securities within 365 days or pay additional interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812554/000119312524021890/0001193125-24-021890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812554/000119312524021890/d649242d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-021890

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