By Cristal Cody
Chicago, July 14 – Blue Owl Credit Income Corp. tapped its 7.95% senior notes due 2028 for $150 million (KBRA: BBB) on Friday, according to a source.
The notes priced on top of talk, at Treasuries plus 390 basis points.
There are now $650 million of the notes outstanding.
RBC Capital Markets Corp., SMBC Nikko Securities America Inc., Truist Securities, Inc. and Wells Fargo Securities LLC are bookrunners for the Rule 144A and Regulation S deal.
The issuer is a business development company based in New York. The company change its name from Owl Rock Core Income Corp. on July 6.
| Issuer: | Blue Owl Credit Income Corp.
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| Amount: | $150 million
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| Issue: | Senior notes
|
| Maturity: | June 13, 2028
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| Bookrunners: | RBC Capital Markets Corp., SMBC Nikko Securities America Inc., Truist Securities, Inc. and Wells Fargo Securities LLC
|
| Coupon: | 7.95%
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| Spread: | Treasuries plus 390 bps
|
| Trade date: | July 14
|
| Ratings: | KBRA: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 390 bps
|
| Total amount outstanding: | $650 million
|
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