EX-99.(17)(A) 7 d812525dex9917a.htm EX-99.(17)(A) EX-99.(17)(a)

Exhibit 17(a)

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

 

 

Truist Bank

(Exact name of trustee as specified in its charter)

 

 

 

North Carolina   56-0149200
(Jurisdiction of incorporation if
not a U.S. national bank)
  (I.R.S. Employer Identification No.)

 

223 West Nash Street
Wilson, NC 27893
  27893
(Address of principal executive offices)   (Zip Code)

 

 

Patrick Giordano

Vice President

223 West Nash Street

Wilson, NC 27893

(904) 463-6762

(Name, address and telephone number of agent for service)

 

 

Blue Owl Credit Income Corp.

f/k/a Owl Rock Core Income Corp.

(Exact name of obligor as specified in its charter)

 

 

 

Maryland   85-1187564
(Jurisdiction of incorporation)   (I.R.S. Employer Identification No.)

399 Park Avenue

New York, NY 10022

(212) 419-3000

(Address of principal executive offices)

 

 

Blue Owl Credit Income Corp. 7.950% Notes due 2028,

7.750%Notes due 2029 and 6.650% Notes due 2031

(Title of the indenture securities)

 

 

 


Item 1.   General Information. Furnish the following information as to the trustee:
 

(a)   Name and address of each examining or supervising authority to which it is subject.

 

    State of North Carolina – Commissioner of Banks

 

    State of North Carolina

 

    Raleigh, North Carolina

 

    Federal Reserve Bank of Richmond

 

    Post Office Box 27622

 

    Richmond, VA 23261

 

    Federal Deposit Insurance Corporation

 

    Washington, D.C.

 

(b)   Whether it is authorized to exercise corporate trust powers.

 

    Yes.

Item 2.   Affiliations with Obligor.
  If the obligor is an affiliate of the trustee, describe each such affiliation.
  Based upon an examination of the books and records of the trustee and upon information furnished by the obligor, the obligor is not an affiliate of the trustee.
Items 3-15   No responses are included for Items 3-15. Responses to those items are not required because, as provided in General Instruction B, the obligor is not in default on any securities issued under indentures under which Truist Bank is a trustee and Truist Bank is not a foreign trustee.
Item 16.  

List of Exhibits.

 

List below all exhibits filed as a part of this statement of eligibility; exhibits identified in parentheses are filed with the Commission and are incorporated herein by reference as exhibits hereto pursuant to Rule 7a-29 under the Trust Indenture Act of 1939, as amended, and Rule 24 of the Commission’s Rules of Practice.

  Exhibit 1.   A copy of the Articles of Incorporation for Truist Bank. (See Exhibit 1 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 2.   The authority of Truist Bank to commence business was granted under the Articles of Incorporation for Truist Bank. (See Exhibit 2 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 3.   The authorization to exercise corporate trust powers was granted by the State of North Carolina Commissioner of Banks in the Authority to Act as Fiduciary without Bond Certificate. (See Exhibit 3 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 4.   A copy of the existing By-Laws of Truist Bank. (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 5.   Not applicable.
  Exhibit 6.   The consent of Trustee as required by Section 321(b) of the Trust Indenture Act of 1939. (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 7.   The Current Report of the Condition of Trustee, published pursuant to law or the requirements of its supervising or examining authority, is attached as Exhibit 7.
  Exhibit 8.   Not applicable.
  Exhibit 9.   Not applicable.

 

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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939 the trustee, Truist Bank, a banking corporation organized and existing under the laws of the State of North Carolina, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Jacksonville and the State of Florida, on the 1st day of April, 2024.

 

TRUIST BANK
By:   /s/ Patrick Giordano
Name:   Patrick Giordano
Title:   Vice President

 

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Exhibit VII

CONSOLIDATED BALANCE SHEETS

TRUIST FINANCIAL CORPORATION AND SUBSIDIARIES

 

(Dollars in millions, except per share data, shares in thousands)

   Dec 31, 2023     Dec 31, 2022  

Assets

    

Cash and due from banks

   $ 5,072     $ 5,379  

Interest-bearing deposits with banks

     25,572       16,042  

Securities borrowed or purchased under agreements to resell

     2,378       3,181  

Trading assets at fair value

     4,332       4,905  

AFS securities at fair value

     67,366       71,801  

HTM securities (fair value of $44,630 and $47,791, respectively)

     54,107       57,713  

LHFS (including $852 and $1,065 at fair value, respectively)

     1,280       1,444  

Loans and leases (including $15 and $18 at fair value, respectively)

     312,061       325,991  

ALLL

     (4,798     (4,377
  

 

 

   

 

 

 

Loans and leases, net of ALLL

     307,263       321,614  
  

 

 

   

 

 

 

Premises and equipment

     3,370       3,605  

Goodwill

     20,901       27,013  

CDI and other intangible assets

     3,160       3,672  

Loan servicing rights at fair value

     3,378       3,758  

Other assets (including $1,311 and $1,582 at fair value, respectively)

     37,170       35,128  
  

 

 

   

 

 

 

Total assets

   $ 535,349     $ 555,255  
  

 

 

   

 

 

 

Liabilities

    

Noninterest-bearing deposits

   $ 111,624     $ 135,742  

Interest-bearing deposits

     284,241       277,753  

Short-term borrowings (including $1,625 and $1,551 at fair value, respectively)

     24,828       23,422  

Long-term debt

     38,918       43,203  

Other liabilities (including $2,597 and $2,971 at fair value, respectively)

     16,485       14,598  
  

 

 

   

 

 

 

Total liabilities

     476,096       494,718  
  

 

 

   

 

 

 

Shareholders’ Equity

    

Preferred stock

     6,673       6,673  

Common stock, $5 par value

     6,669       6,634  

Additional paid-in capital

     36,177       34,544  

Retained earnings

     22,088       26,264  

AOCI, net of deferred income taxes

     (12,506     (13,601

Noncontrolling interests

     152       23  
  

 

 

   

 

 

 

Total shareholders’ equity

     59,253       60,537  
  

 

 

   

 

 

 

Total liabilities and shareholders’ equity

   $ 535,349     $ 555,255  
  

 

 

   

 

 

 

Common shares outstanding

     1,333,743       1,326,829  

Common shares authorized

     2,000,000       2,000,000  

Preferred shares outstanding

     223       223  

Preferred shares authorized

     5,000       5,000