Blue Owl Credit Income Corp. 8-K

What Happened

• Blue Owl Credit Income Corp. filed an 8-K (Feb 27, 2026) reporting that, as of Feb 2, 2026 (finalized Feb 24), it sold 3,342,898 unregistered Class I common shares for $31,022,096 in a private offering to feeder vehicles (exempt under Section 4(a)(2) and/or Regulation S).
• The board declared monthly distributions payable on or before Mar 31, Apr 30 and May 31, 2026 to shareholders of record on Feb 27, Mar 31 and Apr 30, 2026. Gross distributions are $0.07010 per share for each class; net amounts differ by class due to servicing fees.

Key Details

• Private sale: 3,342,898 Class I shares for $31,022,096 (offer finalized Feb 24, 2026).
• Distribution schedule & amounts (per share): Class I gross/net $0.07010; Class S gross $0.07010, net $0.06407 (servicing fee $0.00603); Class D gross $0.07010, net $0.06832 (fee $0.00178).
• Offering totals (including prior public offerings and private offering): 2,345,006,182 shares issued for $22,084,905,529 total consideration; Private Offering Class I = 168,457,185 shares for $1,591,864,452.
• Liquidity & leverage (as of Jan 31, 2026): net leverage 0.81x debt-to-equity; average month-to-date debt-to-equity 0.76x; $4.08B Level 2 liquid assets and $0.72B cash. Portfolio: debt investments in 354 companies, par value $34.76B; 88.5% first-lien by par; 98.2% of debt investments floating-rate.

Why It Matters

• Income: The declared monthly distributions (roughly $0.07010/share) are immediate cash returns for shareholders and are set with record and pay dates through May 2026.
• Share supply and capitalization: The private sale and prior private issuances increased Class I shares outstanding; investors tracking dilution, NAV per share, or future public offering capacity should note the private placement and total shares issued.
• Financial position: The filing provides updated liquidity and leverage metrics (net leverage ~0.81x, $4.08B Level 2 assets, $0.72B cash) and a detailed debt facility schedule—useful for assessing balance-sheet risk.
• Caveats: Data are preliminary and unaudited; KPMG did not audit the preliminary financial data. The filing includes forward-looking statements and management estimates that may change.