debt
confidence high
sentiment neutral
materiality 0.75
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.
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