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 October 18, 2024, Blue Owl Credit Income Corp. (the “Company”) entered into the Third Amendment to that certain Amended and Restated Senior Secured Revolving Credit Agreement (the “Third Amendment”), which amends that certain Amended and Restated Senior Secured Revolving Credit Agreement, dated as of August 11, 2022 (as amended by the First Amendment to Amended and Restated Senior Secured Revolving Credit Agreement, dated as of November 2, 2023, as amended by the Second Amendment to Amended and Restated Senior Secured Revolving Credit Agreement, dated as of April 19, 2024 and as further amended by the Third Amendment). The parties to the Third Amendment include the Company, as Borrower, the subsidiary guarantors party thereto solely with respect to Section 5.9 therein, the lenders party thereto and Sumitomo Mitsui Banking Corporation, as Administrative Agent. The Third Amendment, among other things, (i) extends the revolver availability period from November 2027 to October 2028, (ii) extends the scheduled maturity date from November 2028 to October 2029, (iii) increases the total facility amount from $1,945,000,000 to $2,950,000,000, (iv) increases the accordion provision to permit increases to a total facility amount of up to $4,600,000,000, (v) reduces the unused fee from 0.375% to 0.350% on all unused commitments, (vi) reduces the applicable margin from (a) with respect to any ABR Loan, 1.00% to 0.875% per annum, (b) with respect to any Term Benchmark Loan, 2.00% to 1.875% per annum, and (c) with respect to any RFR Loan, 2.00% to 1.875% per annum and (vii) resets the minimum shareholders’ equity test.
| 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 Amended and Restated Senior Secured Revolving Credit Agreement, dated as of October 18, 2024, among Blue Owl Credit Income Corp., the Subsidiary Guarantors party thereto, Citibank, N.A., as a Lender, and Sumitomo Mitsui Banking Corporation, as Administrative Agent. | |
| 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: October 24, 2024 | By: | /s/ Bryan Cole | ||||
| Name: | Bryan Cole | |||||
| Title: | Chief Operating Officer and Chief Financial Officer | |||||