Blue Owl Credit Income Corp.: debt financing — Blue Owl Credit Income Corp. closes $1 billion CLO transaction

Blue Owl Credit Income Corp.

$415M AAA notes at SOFR+1.47%, $90M AA at SOFR+1.80%, $57.5M A at SOFR+2.20%.
Issued $175M floating-rate loans (Class A-1L/A-2L/B-L) at SOFR+1.47% and 1.80%.
Issuer sold $262.7M preferred shares; all purchased by the Company.
Collateral manager Blue Owl Credit Advisors waived fees; may rescind with offset.
Debt matures October 2037; proceeds for general corporate purposes.

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 debt of $415 million of AAA(sf) Class A Notes, $90 million of AA(sf) Class B Notes, $57.5 million of A(sf) Class C Notes, $150 m with State Street Bank and Trust Company at three-month term SOFR plus 1.47%, three-month term SOFR plus 1.80%, three-month maturing October 2037.

Principal: $415 million of AAA(sf) Class A Notes, $90 million of AA(sf) Class B Notes, $57.5 million of A(sf) Class C Notes, $150 m
Counterparty: State Street Bank and Trust Company
Rate: three-month term SOFR plus 1.47%, three-month term SOFR plus 1.80%, three-month
Maturity: October 2037
Event: incurrence

Exact text from the filing

shares pursuant to an indenture and security agreement dated as of the Closing Date (the “Indenture”), by and among the Issuer and State Street Bank and Trust Company: (i) $415 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 1.47%, (ii) $90 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus

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Source: SEC EDGAR

accession 0001193125-25-223394

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