Blue Owl Credit Income Corp. 8-K

What Happened
Blue Owl Credit Income Corp. reported that on May 5, 2026 its subsidiary Core Income Funding VI LLC entered into Amendment No. 5 to the Credit Agreement (originally dated August 29, 2023). Amendment No. 5 (i) adds the ability for the borrower to draw in Canadian dollars (CAD), euros (EUR) and British pounds (GBP) and (ii) reallocates lender commitments under the facility to a Total Class A‑R‑1 Commitment of $1,215,000,000 and a Total Class A‑R‑2 Commitment of $135,000,000. The Bank of Nova Scotia continues as Administrative Agent and State Street Bank and Trust Company remains Collateral Agent and related service provider. The filing notes that borrowings by Core Income Funding VI are treated as the Company’s borrowings for purposes of complying with the asset coverage requirements under the Investment Company Act of 1940.

Key Details

• Amendment No. 5 executed May 5, 2026 to the credit agreement among Core Income Funding VI, the lenders, The Bank of Nova Scotia (Admin Agent) and State Street (Collateral Agent).
• Adds ability to borrow in CAD, EUR and GBP (previously limited to other currency(ies)).
• Reallocated commitments to: Total Class A‑R‑1 Commitment = $1,215,000,000; Total Class A‑R‑2 Commitment = $135,000,000.
• Core Income Funding VI’s borrowings count as the Company’s borrowings for 1940 Act asset coverage calculations.

Why It Matters
This amendment increases the subsidiary’s currency flexibility and clarifies lender commitment levels, which can affect its available liquidity and how much the company can borrow. Because those borrowings are treated as the parent company’s borrowings for asset coverage under the 1940 Act, changes to the facility may influence the Company’s regulatory leverage metrics and financing strategy. Investors should watch future disclosures for any draws, interest or fee changes, or further amendments that would affect leverage or cash costs.