Blue Owl Credit Income Corp. 8-K
Research Summary
AI-generated summary
Blue Owl Credit Income Corp. Reports Private Class I Share Sale, Declares Monthly Distribution
What Happened
Blue Owl Credit Income Corp. filed an 8‑K reporting two primary items: (1) a private, unregistered sale of 527,106 Class I common shares (finalized June 22, 2026) to feeder vehicles for $4,823,019 under Section 4(a)(2)/Regulation S, and (2) a board‑declared monthly distribution (declared May 5, 2026) payable on or before July 31, 2026 and August 31, 2026 to shareholders of record June 30 and July 31, 2026. The Company also updated offering and portfolio metrics: aggregate NAV was $19.4 billion as of May 31, 2026 and the June 1, 2026 public offering price equals each class’s NAV per share (Class S $9.12; Class D $9.13; Class I $9.15).
Key Details
- Unregistered sale: 527,106 Class I shares sold for $4,823,019 (as of June 1; shares finalized June 22, 2026).
- Distribution (per share gross / net): Class S $0.070100 gross / $0.063516 net; Class D $0.070100 gross / $0.068161 net; Class I $0.070100 gross / $0.070100 net.
- Offering totals (public + private): 2,373,434,717 shares issued for $22,345,234,262 in total consideration (includes $171,719,996 Class I shares from the private offering).
- Portfolio & liquidity snapshot (as of May 31, 2026): $11.6 billion available liquidity; net leverage ~0.84x debt‑to‑equity; debt investments in 330 companies with $33.8 billion par value (87.3% first lien by par).
Why It Matters
The private sale slightly increases Class I share count but is small relative to the Company’s total outstanding shares and offerings. The declared monthly distribution provides near‑term cash payments to holders and is specified by class (Class I receives the full $0.070100 net). The NAV‑based public offering price and the updated portfolio, liquidity, and leverage figures give investors current context on valuation, funding capacity, and risk exposure; aggregate NAV of $19.4 billion and $11.6 billion in available liquidity indicate substantial scale and available funding.
Loading document...