Blue Owl Credit Income Raises $1.3B from Expanded Credit Facility, $1B Note Sale

Dow Jones
09/23
 

Blue Owl Credit Income Corp., a private credit fund affiliated with Blue Owl Capital, raised $1.3 billion in debt capital in recent months through the expansion of its senior secured revolving credit facility and a $1 billion note offering.

The fund said Tuesday its bank partners had agreed to renew its revolver commitment with a roughly two year extension to September 2031. Some lenders also upped their commitments, bringing the facility's total commitments to $4.2 billion from $3.9 billion.

The interest rate on the facility was also cut to the secured overnight financing rate plus 1.65% to 1.775%, down from SOFR plus 1.875%. The amendment to the facility closed last week.

The fund also said it completed a $1 billion note offering earlier this month, consisting of $700 million of 6.25% notes due 2029 and $300 million of 6.55% notes due 2031. Proceeds from the offering were used partially to repay the fund's existing debts and optimize its liability structure.

"The strong demand for our recent notes offering and support from our bank group, including upsized commitments from several lenders, reflect continued confidence in OCIC's portfolio and platform," Chief Executive Craig Packer said. "Together, these transactions further enhance our liquidity and financial flexibility, positioning OCIC to capitalize on an increasingly attractive lending environment."

 
 

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10