secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Credit Income Corp. (—)
CIK:        0001812554
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001193125-24-064863
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Owl Credit Income closes $597M CLO securitization; issues secured notes and preferred shares
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/0001193125-24-064863-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812554/000119312524064863/d581028d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-064863

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