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 April 18, 2025 (the “Amendment Date”), Core Income Funding II LLC (“Core Income Funding II”), a subsidiary of Blue Owl Core Income Corp. (the “Company”), and the Company entered into Amendment No. 9 (the “Amendment” and the facility as amended, the “Secured Credit Facility”), which amended that certain Loan Financing and Servicing Agreement, dated as of October 5, 2021 (as amended by Amendment No. 1, dated as of October 27, 2021, Amendment No. 2, dated as of December 20, 2021, Amendment No. 3, dated as of February 18, 2022, Amendment No. 4, dated as of April 11, 2022, Amendment No. 5, dated as of May 3, 2022, Amendment No. 6, dated as of August 1, 2022, Amendment No. 7, dated as of March 7, 2024 and Amendment No. 8, dated as of August 9, 2024), by and among Core Income Funding II, as borrower, the Company, as equityholder and services provider, the lenders and agents from time to time parties thereto, Deutsche Bank AG, New York Branch, as Facility Agent, State Street Bank and Trust Company, as Collateral Agent and Collateral Custodian. Among other changes, the Amendment: (i) increased the Facility Amount from $1,500,000,000 to $2,000,000,000, (ii) extended the Revolving Period to April 18, 2028 and the Facility Termination Date to April 18, 2030, (iii) amended the Applicable Margin to 1.70% and (iv) amended the Reduction Fee and Make-Whole Fee schedules.
Borrowings of Core Income Funding II are considered our borrowings for purposes of complying with the asset coverage requirements under the 1940 Act.
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. 9 to the Loan Servicing Agreement, dated as of April 18, 2025, among Core Income Funding II LLC, as Borrower, Blue Owl Credit Income Corp., as Equityholder and Services Provider, the Lenders from time to time parties thereto, Deutsche Bank AG, New York Branch, as Facility Agent, the other parties thereto, State Street Bank and Trust Company, as Collateral Agent and Alter Domus (US) LLC, as Collateral Custodian. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Blue Owl Credit Income Corp. | ||||||
April 24, 2025 | By: | /s/ Jonathan Lamm | ||||
Name: | Jonathan Lamm | |||||
Title: | Chief Operating Officer and Chief Financial Officer |