Blue Owl Credit Income Corp.: debt financing — Blue Owl Credit Income Corp. issues $500M of 5.900% notes due 2028

Blue Owl Credit Income Corp.

Issued $500M aggregate principal of 5.900% notes due May 23, 2028.
Net proceeds of ~$491.5M after fees and expenses of ~$1.5M.
Proceeds used to pay down outstanding under senior secured revolver (had $1.4B outstanding as of Mar 31, 2025).
Notes are unsecured, rank pari passu with existing $5.6B unsecured notes, effectively subordinated to $3.4B SPV and $2.4B CLO debt.
Registration rights agreement requires exchange offer by May 23, 2026; failure triggers additional interest.

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 senior notes of $500 million aggregate principal amount at 5.900% per year maturing May 23, 2028.

Instrument: senior notes
Principal: $500 million aggregate principal amount
Rate: 5.900% per year
Maturity: May 23, 2028
Event: incurrence

Exact text from the filing

On May 23, 2025, Blue Owl Credit Income Corp. (the “Company”) completed its offering of $500 million aggregate principal amount of its 5.900% notes due 2028 (the “Notes”).

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Source: SEC EDGAR

accession 0001628280-25-027541

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