10/15/2025 | Press release | Distributed by Public on 10/15/2025 14:33
Item 1.01 - Entry into to a Material Definitive Agreement
On October 10, 2025 (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. 4 ("Amendment No. 4" 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, Amendment No. 2, dated November 12, 2024 and Amendment No. 3, dated April 22, 2025), 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, and State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator, Custodian and Document Custodian. Among other changes, Amendment No. 4 (i) increased the Total Revolving Commitment under the Credit Facility from $600 million to $1,350 million, (ii) reduced the Total Term Commitment under the Credit Facility from $150 million to $0, (iii) extended the end of the Reinvestment Period from August 29, 2026 to April 10, 2028, (iv) extended the Stated Maturity from August 29, 2033 to April 10, 2035, (v) reduced the Applicable Margin from a range of 1.50% and 2.15% to a range of 1.50% and 1.90% depending on the composition of the collateral, (vi) modified the Commitment Fee schedule and (vii) modified the requirements relating to sales of Collateral Loans.
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.