UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry Into a Material Definitive Agreement |
On February 28, 2025, Core Income Funding IV LLC (“Core Income Funding IV”), a wholly owned subsidiary of Blue Owl Credit Income Corp., a Maryland corporation (the “Company” or “us”), entered into Amendment No. 1 (the “First Credit Facility Amendment) to its senior secured revolving credit facility (the “Secured Credit Facility”), dated March 16, 2022, by and among Core Income Funding IV, as borrower, the lenders from time to time parties thereto, Sumitomo Mitsui Banking Corporation, as administrative agent, State Street Bank and Trust Company (“State Street”), as collateral agent, collateral administrator and custodian and Alter Domus (US) LLC (“Alter Domus”) as document custodian.
The First Credit Facility Amendment amends the Secured Credit Facility to change the range of applicable margin from a range of 1.70% to 2.30% (prior to the First Credit Facility Amendment) to a range of 1.40% to 2.05%, depending on the composition of the collateral. The First Credit Facility Amendment also amends the Secured Credit Facility to (i) extend the commitment period from March 16, 2025 to March 16, 2027, (ii) extend the maturity date from March 16, 2033 to March 16, 2035 and (iii) replace Alter Domus as document custodian with State Street.
The description above is only a summary of the material provisions of the First Credit Facility Amendment and is qualified in its entirety by reference to a copy of the form of First Credit Facility Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation |
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit |
Description | |
| 10.1 | Amendment No. 1 to Loan Documents, dated as of February 28, 2025, among Core Income Funding IV LLC, as Borrower, the Lenders party thereto, Sumitomo Mitsui Banking Corporation, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent and Successor Document Custodian and Alter Domus (US) LLC, as Resigning Document Custodian. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BLUE OWL CREDIT INCOME CORP. | ||||||
| Dated: March 3, 2025 | By: | /s/ Jonathan Lamm | ||||
| Name: | Jonathan Lamm | |||||
| Title: | Chief Operating Officer and Chief Financial Officer | |||||