Thu, Aug 1, 8:34 PM (340 days ago)
Blue Owl Credit Income Corp. reported a significant amendment to its senior secured revolving credit facility. On July 30, 2024, the company’s subsidiary, Core Income Funding III LLC, executed Amendment No. 2 to the credit facility, increasing the financing limit from $1 billion to $1.5 billion. This increase is divided into an existing $1 billion "Original Tranche" and a new $500 million "Increase Tranche." The amendment also adjusts the applicable margin ranges, extends the availability period to July 30, 2027, and the maturity date to July 30, 2029. Additionally, State Street Bank and Trust Company replaces Alter Domus as the collateral custodian. This amendment is expected to enhance the company's financial flexibility and liquidity.