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 March 1, 2024 (the “Amendment Date”), Core Income Funding VI LLC (“Core Income Funding VI”), a subsidiary of Blue Owl Credit Income Corp. (the “Company”), (i) entered into Amendment No. 1 (the “Amendment No. 1” and the facility as amended, the “Credit Facility”), which amended that certain Credit Agreement, dated as of August 29, 2023, by and among Core Income Funding VI, as Borrower, the lenders from time to time parties thereto, The Bank of Nova Scotia, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian and (ii) consented to the assignment of a portion of the term commitment under the Credit Facility, and all of the outstanding Term Loans, to Hamburg Commercial Bank AG, Luxembourg Branch. Among other changes, Amendment No. 1 converted $140,000,000 of revolving commitments to term commitments and made changes to the eligibility criteria and concentration limitations for the assets of Core Income Funding VI that are included in the borrowing base calculations under the Credit Facility.
Borrowings of Core Income Funding VI are considered the Company’s 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 March 1, 2024, among Core Income Funding VI LLC, as Borrower, the Lenders party thereto, The Bank of Nova Scotia, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator, Custodian and Alter Domus (US) LLC as 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 5, 2024 | By: | /s/ Bryan Cole | ||
| Name: | Bryan Cole | |||
| Title: | Chief Operating Officer and Chief Financial Officer | |||