Blue Owl Credit Income Corp. Completes $500.7 Million CLO Refinancing via Owl Rock CLO VIII

Blue Owl Credit Income Corp. (BOCIC) announced the successful completion of a $500.7 million collateralized loan obligation (CLO) refinancing on April 24, 2025, through its subsidiary Owl Rock CLO VIII, LLC. This refinancing included the issuance of secured notes and additional preferred shares backed by a portfolio of middle market loans.

Key Terms of the CLO Refinancing:

Secured Notes Issued:

$275M Class A-1R Notes at Benchmark +1.49%

$30M Class A-2R Notes at Benchmark +1.80%

$35M Class B-R Notes at Benchmark +1.90%

$35M Class C-R Notes at Benchmark +2.40%

Subordinated Interests:

$24M in Additional Preferred Shares issued to the Company

Brings total preferred shares held by BOCIC to 125,675

The proceeds from this refinancing were used to redeem previous notes, repay prior loans, cover transaction costs, and purchase additional assets from BOCIC. The Company continues to act as retention holder to meet U.S., EU, and UK regulatory requirements.

Additionally, BOCIC and its investment adviser Blue Owl Credit Advisors LLC executed an amended loan sale agreement covering $192.3 million in middle market loans and future transfers. The advisor serves as collateral manager under a separate agreement and has initially waived its management fees.