Blue Owl Credit Income Corp. Amends Revolving Credit Facility to $4.2B

What Happened Blue Owl Credit Income Corp. announced a Fourth Amendment to its Amended and Restated Senior Secured Revolving Credit Agreement (dated as of September 16, 2026; 8-K filed September 22, 2026). Sumitomo Mitsui Banking Corporation serves as Administrative Agent (and certain collateral agent duties), and several lenders and subsidiary guarantors are parties. The amendment lengthens availability and maturity dates, increases the facility size, lowers borrowing margins, and resets the minimum shareholders’ equity test.

Key Details

• Facility size increased from $3,900,000,000 to $4,200,000,000; accordion capacity raised to up to $6,300,000,000.
• Revolver availability extended from October 2028 to September 2030; scheduled maturity extended from October 2029 to September 2031.
• Applicable margins reduced to: ABR loans 0.775% p.a.; Term Benchmark and RFR loans 1.775% p.a. (and, if Gross Borrowing Base ≥ 1.60× Combined Debt Amount, ABR 0.65% and Term/RFR 1.65%).
• Fourth Amendment dated September 16, 2026; press release attached as Exhibit 99.1 to the 8-K.

Why It Matters The amendment improves the company’s liquidity and borrowing flexibility by increasing available capacity and extending the timeline before renewals or repayments are required. Lower margins reduce potential interest costs when drawn, and the larger accordion gives room to raise additional secured debt if needed. Resetting the minimum shareholders’ equity test can affect covenant compliance thresholds — an important factor for lenders and investors monitoring financial covenant risk.