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 November 12, 2024 (the “Amendment Date”), Core Income Funding VI LLC (“Core Income Funding VI”), a subsidiary of Blue Owl Credit Income Corp. (the “Company”), entered into Amendment No. 2 (“Amendment No. 2” and the facility as amended, the “Credit Facility”), which amended that certain Credit Agreement, dated as of August 29, 2023 (as amended by Amendment No. 1, dated as of March 1, 2024), 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. Among other changes, Amendment No. 2 (i) replaced Alter Domus (US) LLC with State Street Bank and Trust Company as Document Custodian, (ii) reduced the Applicable Margin from a range of 1.85% and 2.85% to a range of 1.50% and 2.15% depending on the composition of the collateral, (iii) extended the Reinvestment Period and the Stated Maturity, (iv) modified the Commitment Fee schedule, (v) modified certain restrictions regarding amendments, modifications and waivers of Collateral Loans and (vi) added certain administrative fees and expenses.
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 |
Description | |
| 10.1 | Amendment No. 2 to the Credit Agreement, dated as of November 12, 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 Successor Document Custodian and Alter Domus (US) LLC, as Outgoing 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: November 15, 2024 | By: | /s/ Jonathan Lamm | ||||
| Name: | Jonathan Lamm | |||||
| Title: | Chief Operating Officer and Chief Financial Officer | |||||