secwatch.observer — SEC 8-K summary
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Issuer:     Blue Owl Credit Income Corp. (—)
CIK:        0001812554
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001628280-25-027541
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Owl Credit Income Corp. issues $500M of 5.900% notes due 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812554/000162828025027541/0001628280-25-027541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812554/000162828025027541/ocic-20250523.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-027541

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