News summary · News
Blue Owl Credit Income Completes $1 Billion Senior Notes Offering
Blue Vault reports that Blue Owl Credit Income issued $1 billion of unsecured senior debt: $700 million bearing 6.250% interest due in 2029 and $300 million bearing 6.550% due in 2031. Estimated net proceeds were approximately $988.1 million.
The fund intends to use the proceeds for revolving debt, maturing notes and potentially other secured financing. The 2031 issuance adds to a pre-existing series, bringing that series to $800 million. The financing changes the mix and maturity of borrowing rather than representing an equivalent increase in investable equity.
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