Blue Owl Credit Income Corp.: debt financing — Blue Owl Credit Income Corp. completes $500.7M CLO refinancing

Blue Owl Credit Income Corp.

Issued $275M Class A-1R notes (Benchmark+1.49%), $30M A-2R (+1.80%), $35M B-R (+1.90%), $35M C-R (+2.40%).
Also issued $24M of additional preferred shares; company purchased all of them.
Proceeds used to redeem prior notes, repay loans, pay expenses, and buy more middle-market loans.
Notes mature April 2037; collateral manager Blue Owl Credit Advisors waived its management fee.
Refinancing executed via subsidiary Owl Rock CLO VIII, LLC with State Street as collateral trustee.

item 1.01 item 2.03 item 9.01

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 loan of approximately $192,287,000 par amount of middle market loans.

Instrument: loan
Principal: approximately $192,287,000 par amount of middle market loans
Event: incurrence

Exact text from the filing

which provides for the sale and contribution of approximately $192,287,000 par amount of middle market loans from the Company to the Issuer on the Refinancing Date and for future sales from the Company to the Issuer on an ongoing basis.

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

Blue Owl Credit Income Corp. incurred senior notes of $275,000,000 of AAA(sf) Class A-1R Notes, $30,000,000 of AAA(sf) Class A-2R Notes, $35,000,000 of AA(sf) Class B-R Notes with State Street Bank and Trust Company at Benchmark plus 1.49%, Benchmark plus 1.80%, Benchmark plus 1.90%, Benchmark plus maturing April 2037.

Instrument: senior notes
Principal: $275,000,000 of AAA(sf) Class A-1R Notes, $30,000,000 of AAA(sf) Class A-2R Notes, $35,000,000 of AA(sf) Class B-R Notes
Counterparty: State Street Bank and Trust Company
Rate: Benchmark plus 1.49%, Benchmark plus 1.80%, Benchmark plus 1.90%, Benchmark plus
Maturity: April 2037
Event: incurrence

Exact text from the filing

(i) $275,000,000 of AAA(sf) Class A-1R Notes, which bear interest at the Benchmark plus 1.49%, (ii) $30,000,000 of AAA(sf) Class A-2R Notes, which bear interest at the Benchmark plus 1.80%, (iii) $35,000,000 of AA(sf) Class B-R Notes, which bear interest at the Benchmark plus 1.90% and (iv) $35,000,000 of A(sf) Class C-R Notes, which bear interest at the Benchmark plus 2.40%

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

Blue Owl Credit Income Corp. incurred debt of $24,000,000 of additional subordinated securities in the form of 24,000 of its preferred shares.

Principal: $24,000,000 of additional subordinated securities in the form of 24,000 of its preferred shares
Event: incurrence

Exact text from the filing

Concurrently with the issuance of the Secured Notes, the Issuer issued $24,000,000 of additional subordinated securities in the form of 24,000 of its preferred shares (the “Additional Preferred Shares”).

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Source: SEC EDGAR

accession 0001193125-25-103902

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