Blue Owl Credit Income Corp.: debt financing — Blue Owl Credit Income issues $500M 6.550% notes due 2031, net proceeds ~$488.6M to reduce revolver

Blue Owl Credit Income Corp.

$500M aggregate principal, 6.550% coupon, maturity Oct 15, 2031, semi-annual interest.
Net proceeds of ~$488.6M after $1.5M fees and expenses.
Proceeds used to pay down $568.3M outstanding on senior secured revolver (as of Mar 31, 2026).
Notes are unsecured, rank equally with $6.7B existing unsecured notes; effectively subordinated to secured debt.
Registration rights agreement requires exchange offer registration by June 11, 2027.

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 with Wells Fargo Securities, LLC, Credit Agricole Securities (USA) Inc., ING Financial Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., as representatives of the several initial purchasers at 6.550% per year maturing October 15, 2031.

Instrument: senior notes
Principal: $500 million aggregate principal amount
Counterparty: Wells Fargo Securities, LLC, Credit Agricole Securities (USA) Inc., ING Financial Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., as representatives of the several initial purchasers
Rate: 6.550% per year
Maturity: October 15, 2031
Event: incurrence

Exact text from the filing

completed its offering of $500 million aggregate principal amount of its 6.550% notes due 2031

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

Blue Owl Credit Income Corp. entered into Purchase Agreement with Wells Fargo Securities, LLC, Credit Agricole Securities (USA) Inc., ING Financial Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., as representatives of the several initial purchasers valued at $500 million aggregate principal amount (effective 2026-06-08).

Action: entry
Agreement: notes offering
Counterparty: Wells Fargo Securities, LLC, Credit Agricole Securities (USA) Inc., ING Financial Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., as representatives of the several initial purchasers
Value: $500 million aggregate principal amount
Effective: 2026-06-08

Exact text from the filing

The offering was consummated pursuant to the terms of a purchase agreement (the “Purchase Agreement”), dated June 8, 2026, among the Company and Blue Owl Credit Advisors LLC, on the one hand, and Wells Fargo Securities, LLC, Credit Agricole Securities (USA) Inc., ING Financial Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., as representatives of the several initial purchasers listed on Schedule 1 thereto (the “Initial Purchasers”), on the other hand.

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Source: SEC EDGAR

accession 0001628280-26-042497

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