Blue Owl Credit Income Corp.: debt financing — Blue Owl Credit closes $800M CLO and $500M secured credit facility on March 5

Blue Owl Credit Income Corp.

$800M CLO issued by subsidiary Owl Rock CLO XXIV; notes range from AAA(sf) at SOFR+1.39% to A(sf) at SOFR+1.90%.
$500M Secured Credit Facility for newly formed subsidiary Core Income Funding XI, maturing March 2029, rate SOFR+1.35%.
Company purchased all $200.95M of preferred shares issued in CLO to satisfy retention requirements.
Proceeds from both transactions will be used for general corporate purposes and to acquire middle-market loans.
Collateral management fees from BOCA are waived but may be rescinded, offsetting management fees.

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 $800 million term debt securitization transaction with The Bank of New York Mellon Trust Company, National Association maturing January 2038.

Instrument: loan
Principal: $800 million term debt securitization transaction
Counterparty: The Bank of New York Mellon Trust Company, National Association
Maturity: January 2038
Event: incurrence

Exact text from the filing

On March 5, 2026 (the “Closing Date”), Blue Owl Credit Income Corp. (the “Company”) completed a $800 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.

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

Blue Owl Credit Income Corp. incurred credit facility with Bank of America, N.A..

Instrument: credit facility
Counterparty: Bank of America, N.A.
Event: incurrence

Exact text from the filing

On the Closing Date, Core Income Funding XI LLC (“Core Income Funding XI”), a Delaware limited liability company and newly formed subsidiary of the Company, entered into a Credit Agreement (the “Secured Credit Facility”), with Core Income Funding XI, as borrower, BOCA, as servicer, the lenders from time to time parties thereto, Bank of America, N.A., as administrative agent, The Bank of New York Mellon Trust Company, National Association, as collateral agent and as collateral custodian and Bank of America, N.A., as sole lead arranger and sole book manager.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Credit Income Corp. entered into Indenture with The Bank of New York Mellon Trust Company, National Association valued at $800 million (effective 2026-03-05).

Action: entry
Agreement: credit facility
Counterparty: The Bank of New York Mellon Trust Company, National Association
Value: $800 million
Effective: 2026-03-05

Exact text from the filing

On March 5, 2026 (the “Closing Date”), Blue Owl Credit Income Corp. (the “Company”) completed a $800 million term debt securitization transaction (the “CLO Transaction”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Credit Income Corp. entered into Secured Credit Facility with Core Income Funding XI LLC, Bank of America, N.A., The Bank of New York Mellon Trust Company, National Association (effective 2026-03-05).

Action: entry
Agreement: credit facility
Counterparty: Core Income Funding XI LLC, Bank of America, N.A., The Bank of New York Mellon Trust Company, National Association
Effective: 2026-03-05

Exact text from the filing

entered into a Credit Agreement (the “Secured Credit Facility”), with Core Income Funding XI, as borrower, BOCA, as servicer, the lenders from time to time parties thereto, Bank of America, N.A., as administrative agent, The Bank of New York Mellon Trust Company, National Association, as collateral agent and as collateral custodian and Bank of America, N.A., as sole lead arranger and sole book manager.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Credit Income Corp. entered into A-L Credit Agreement with The Bank of New York Mellon Trust Company, National Association valued at $53 million (effective 2026-03-05).

Action: entry
Agreement: credit facility
Counterparty: The Bank of New York Mellon Trust Company, National Association
Value: $53 million
Effective: 2026-03-05

Exact text from the filing

The Class A-L Loans were borrowed under a credit agreement (the “A-L Credit Agreement”), dated as of the Closing Date, by and among the Issuer, as borrower, the lenders party thereto, and The Bank of New York Mellon Trust Company, National Association, as collateral trustee and loan agent.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue Owl Credit Income Corp. entered into BOCIC Loan Sale Agreement with Owl Rock CLO XXIV, LLC valued at approximately $766.018 million (effective 2026-03-05).

Action: entry
Agreement: asset purchase
Counterparty: Owl Rock CLO XXIV, LLC
Value: approximately $766.018 million
Effective: 2026-03-05

Exact text from the filing

the Company entered into a loan sale agreement with the Issuer dated as of the Closing Date (the “BOCIC Loan Sale Agreement”), which provided for the contribution and sale of approximately $766.018 million funded par amount of middle market loans

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312 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-26-098659

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