11/15/2024 | Press release | Distributed by Public on 11/15/2024 15:33
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.