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 May 15, 2025 (the “Amendment Date”), Core Income Funding VIII LLC (“Core Income Funding VIII”), a subsidiary of Blue Owl Credit Income Corp. (the “Company”), entered into Amendment No. 1 (the “Amendment No. 1” and the facility as amended, the “Secured Credit Facility”), which amended that certain Credit Agreement, dated as of December 17, 2024, by and among Core Income Funding VIII, as borrower, the lenders from time to time parties thereto, Natixis, New York Branch, as Facility Agent and State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator, Custodian and as Document Custodian. Among other changes, Amendment No. 1 (i) amended the Applicable Margin with respect to the Class A-R Loans and the Class A-T Loans from 1.75% to 1.79%, (ii) added Class A-D3 Loans and Class A-D4 Loans, each being term loans bearing interest at Term SOFR (or, in the case of certain lenders that are commercial paper conduits, their cost of funds) plus an applicable margin of (x) with respect to the Class A-D3 Loans, 1.78% and (y) with respect to the Class A-D4 Loans, 2.06% and (iii) increased the maximum principal amount of the Secured Credit Facility from $500 million to $1 billion.
Borrowings of Core Income Funding VIII 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 Number |
Description | |
| 10.1 | Amendment No. 1 to the Credit Agreement, dated as of May 15, 2025, by and among Core Income Funding VIII LLC, as Borrower, the Lenders from time to time parties thereto, Natixis, New York Branch, as Facility Agent and State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator, Custodian, and 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: May 20, 2025 | By: | /s/ Jonathan Lamm | ||||
| Name: Jonathan Lamm Title: Chief Operating Officer and Chief Financial Officer | ||||||