Owl Rock Core Income enters into five-year $600 million revolver

By Wendy Van Sickle

Columbus, Ohio, April 16 – Owl Rock Core Income Corp. entered into a five-year $600 million senior secured revolving credit agreement on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

Sumitomo Mitsui Banking Corp. is administrative agent and is a joint lead arranger, bookrunner and syndication agent along with MUFG Union Bank, NA. JPMorgan Chase Bank, NA and Bank of America, NA are documentation agents.

An accordion feature permits the facility to be increased up to $1.1 billion.

There is a $50 million sublimit for swingline loans.

The availability period will terminate on April 14, 2025, and the maturity date will be April 14, 2026.

There is a fee on undrawn commitments of 37.5 basis points. Borrowings bear interest at Libor plus a margin that was not disclosed in the filing.

Owl Rock is a business development company based in New York.

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