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 29, 2025, Core Income Funding V LLC (“Core Income Funding V”) executed the Third Amendment to Loan and Security Agreement (the “Amendment”), which amends that certain Loan and Security Agreement, dated as of March 9, 2023 (as amended by the First Amendment to Loan and Security Agreement, dated as of June 28, 2024, and the Second Amendment to Loan and Security Agreement, dated as of October 16, 2024, the “Loan and Security Agreement”), by and among Core Income Funding V, as borrower, Wells Fargo Bank, National Association, as administrative agent, State Street Bank and Trust Company, as collateral agent and collateral custodian, and the lenders party thereto. The Amendment (i) increases the total commitment from $500,000,000 to $750,000,000, (ii) amends the Minimum Equity Amount, and (iii) amends the Non-Usage Fee to a range of 0.50% to 1.25%, subject to a minimum utilization of 60% to 67.5% during the Reinvestment Period.
| 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 | Third Amendment to Loan and Security Agreement, dated as of April 29, 2025, among Core Income Funding V LLC, as Borrower, Wells Fargo Bank, National Association, as Administrative Agent, and the Lenders party thereto. | |
| 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: May 2, 2025 | By: | /s/ Jonathan Lamm | ||||
| Name: | Jonathan Lamm | |||||
| Title: | Chief Operating Officer and Chief Financial Officer | |||||