Blue Owl Credit Income Corp. Completes $1.3 Billion Financing Transactions
Blue Owl Credit Income Corp. (OCIC) has completed a series of financing transactions aimed at enhancing its capital structure, including amending and extending its senior secured revolving credit facility as well as completing a $1 billion notes offering. The amended credit facility now offers increased capacity to $4.2 billion from $3.9 billion with an extended maturity date until September 2031 and improved interest rates ranging between SOFR plus 1.65% and 1.775%. Additionally, OCIC issued a mix of notes totaling $1 billion in early September—$700 million at 6.25% due in 2029 and an additional $300 million at 6.55% due in 2031. The net proceeds from the offering were partially used to repay existing debt, helping OCIC optimize its liability structure. CEO Craig W. Packer highlighted that these transactions reflect strong market confidence in OCIC's portfolio and platform, enhancing liquidity and financial flexibility for capitalizing on favorable lending opportunities.
Tickers: $OWL
Topics: capital structure corporate finance notes offering revolving credit facility