Blue Owl Credit Income Corp. subsidiary amends credit facility, converts $140M revolver to term

Blue Owl Credit Income Corp.

Core Income Funding VI converted $140 million of revolving commitments to term commitments under amended credit agreement.
Consented to assignment of a portion of term commitment and outstanding term loans to Hamburg Commercial Bank AG.
Amendment modifies eligibility criteria and concentration limitations for borrowing base assets.
Borrowings under facility count toward the Company's asset coverage requirements under the 1940 Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Credit Income Corp. amended Amendment No. 1 with The Bank of Nova Scotia, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Document Custodian, and Hamburg Commercial Bank AG, Luxembourg Branch valued at converted $140,000,000 of revolving commitments to term commitments (effective 2024-03-01).

Action: amendment
Agreement: credit facility
Counterparty: The Bank of Nova Scotia, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Document Custodian, and Hamburg Commercial Bank AG, Luxembourg Branch
Value: converted $140,000,000 of revolving commitments to term commitments
Effective: 2024-03-01

Exact text from the filing

On March 1, 2024 (the “Amendment Date”), Core Income Funding VI LLC (“Core Income Funding VI”), a subsidiary of Blue Owl Credit Income Corp. (the “Company”), (i) entered into Amendment No. 1 (the “Amendment No. 1” and the facility as amended, the “Credit Facility”), which amended that certain Credit Agreement, dated as of August 29, 2023

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Source: SEC EDGAR

accession 0001193125-24-059517

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