--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-064863" form_type: "8-K" ticker: null cik: "0001812554" company_name: "Blue Owl Credit Income Corp." filed_at: "2024-03-11T23:59:59+00:00" generated_at: "2026-06-04T23:57:53.233426+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Blue Owl Credit Income closes $597M CLO securitization; issues secured notes and preferred shares ## Summary - $597M CLO securitization closed March 7; secured notes maturing April 20, 2036. - $342M Class A notes (SOFR+2.00%), $48M Class B (SOFR+2.50%), $30M Class C (SOFR+3.30%). - Issuer also sold $177M of preferred shares to Blue Owl Credit Income at $1,000/share. - Proceeds from notes used for general corporate purposes; OCIC retains risk via preferred shares. - Amendment No. 7 to loan facility modifies make-whole fee post-CLO. ## SEC filing metadata - accession: 0001193125-24-064863 - form_type: 8-K - cik: 0001812554 - company_name: Blue Owl Credit Income Corp. - filed_at: 2024-03-11T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/d581028d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-064863 - JSON: https://secwatch.observer/filing/0001193125-24-064863.json - Plain text: https://secwatch.observer/filing/0001193125-24-064863.txt ## Key facts - Debt Financings Blue Owl Credit Income Corp. incurred senior notes of $597 million term debt securitization with State Street Bank and Trust Company at three-month term SOFR plus 2.00% (Class A), plus 2.50% (Class B), plus 3.30% (Cl maturing April 20, 2036. - Instrument: senior notes - Principal: $597 million term debt securitization - Counterparty: State Street Bank and Trust Company - Rate: three-month term SOFR plus 2.00% (Class A), plus 2.50% (Class B), plus 3.30% (Cl - Maturity: April 20, 2036 - Event: incurrence source text: On March 7, 2024 (the “Closing Date”), Blue Owl Credit Income Corp. (the “Company”) completed a $597 million term debt securitization transaction (the “CLO Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm - Debt Financings Blue Owl Credit Income Corp. amended credit facility with Deutsche Bank AG, New York Branch. - Instrument: credit facility - Counterparty: Deutsche Bank AG, New York Branch - Event: amendment source text: In connection with the CLO Transaction, on March 7, 2024, Core Income Funding II LLC, entered into Amendment No. 7 (the “Amendment” and the facility as amended, the “Secured Credit Facility”), which amended that certain Loan Financing and Servicing Agreement, dated as of October 5, 2021 (as amended by Amendment No. 1, dated as of October 27, 2021, Amendment No. 2, dated as of December 20, 2021, Amendment No. 3, dated as of February 18, 2022, Amendment No. 4, dated as of April 11, 2022, Amendment No. 5, dated as of May 3, 2022 and the Joinder Agreement of Webster Bank, N.A, dated as of July 11, 2022, and Amendment No. 6, dated as of August 1, 2022), by and among Core Income Funding II LLC, as borrower, the Company, as equityholder and services provider, the lenders from time to time parties thereto, Deutsche Bank AG, New York Branch, as Facility Agent, State Street Bank and Trust Company, as Collateral Agent and Alter Domus (US) LLC, as Collateral Custodian. evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm - Material Agreements Blue Owl Credit Income Corp. entered into Core Income Funding II Loan Sale Agreement with Core Income Funding II LLC valued at approximately $356.49 million (effective 2024-03-07). - Action: entry - Counterparty: Core Income Funding II LLC - Value: approximately $356.49 million - Effective: 2024-03-07 source text: The remainder of the initial portfolio assets securing the Secured Notes consisted of approximately $356.49 million funded par amount of middle market loans purchased by the Issuer from Core Income Funding II LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the Closing Date between the Issuer and Core Income Funding II LLC (the “Core Income Funding II Loan Sale Agreement”). evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm - Material Agreements Blue Owl Credit Income Corp. entered into Collateral Management Agreement with Blue Owl Credit Advisors LLC (effective 2024-03-07). - Action: entry - Counterparty: Blue Owl Credit Advisors LLC - Effective: 2024-03-07 source text: OCA will serve as collateral manager for the Issuer under a collateral management agreement dated as of the Closing Date (the “Collateral Management Agreement”). evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm - Material Agreements Blue Owl Credit Income Corp. entered into Indenture with State Street Bank and Trust Company valued at $597 million (effective 2024-03-07). - Action: entry - Agreement: notes offering - Counterparty: State Street Bank and Trust Company - Value: $597 million - Effective: 2024-03-07 source text: On March 7, 2024 (the “Closing Date”), Blue Owl Credit Income Corp. (the “Company”) completed a $597 million term debt securitization transaction (the “CLO Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm - Material Agreements Blue Owl Credit Income Corp. amended Amendment No. 7 with Core Income Funding II LLC (effective 2024-03-07). - Action: amendment - Agreement: credit facility - Counterparty: Core Income Funding II LLC - Effective: 2024-03-07 source text: In connection with the CLO Transaction, on March 7, 2024, Core Income Funding II LLC, entered into Amendment No. 7 (the “Amendment” and the facility as amended, the “Secured Credit Facility”), which amended that certain Loan Financing and Servicing Agreement, dated as of October 5, 2021 evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm - Material Agreements Blue Owl Credit Income Corp. entered into OCIC Loan Sale Agreement with Owl Rock CLO XVI, LLC valued at approximately $206.563 million (effective 2024-03-07). - Action: entry - Counterparty: Owl Rock CLO XVI, LLC - Value: approximately $206.563 million - Effective: 2024-03-07 source text: As part of the CLO Transaction, the Company entered into a loan sale agreement with the Issuer dated as of the Closing Date (the “OCIC Loan Sale Agreement”), which provided for the contribution of approximately $206.563 million funded par amount of middle market loans from the Company to the Issuer on the Closing Date and for future sales from the Company to the Issuer on an ongoing basis. evidence_url: https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.