Blue Owl Credit Income Corp. Secures $1.3 Billion in New Debt Capital

The company’s amended revolving credit facility now commands $4.2 billion in total commitments, up from $3.9 billion. Beyond the capacity increase, the firm pushed its maturity date out by two years, to September 2031, while successfully negotiating lower interest rates. Lenders have adjusted pricing to a range of SOFR plus 1.650% to 1.775%, down from the previous flat rate of SOFR plus 1.875%.

Simultaneously, the firm tapped debt markets for $1 billion in notes. This offering comprised $700 million in 6.250% notes due 2029 and a $300 million tranche of 6.550% notes due 2031, the latter serving as an add-on to existing issuance. Chief Executive Officer Craig W. Packer noted that the support from the banking syndicate and strong investor demand underscore market confidence in the firm’s portfolio. The proceeds are earmarked for debt repayment and broader balance sheet optimization, providing the company with additional liquidity to deploy in the current lending environment.