Blue Owl Credit Income lifts revolver to $4.2B, extends to 2031

Blue Owl Credit Income Corp. said that on September 16, 2026 it entered into a Fourth Amendment to its Amended and Restated Senior Secured Revolving Credit Agreement dated as of August 11, 2022, increasing the total facility amount from $3.9 billion to $4.2 billion, extending the revolver availability period to September 2030 and the scheduled maturity date to September 2031, with Sumitomo Mitsui Banking Corporation as administrative agent.

Blue Owl Credit Income Corp. reported a Fourth Amendment to its senior secured revolving credit facility that upsizes commitments, extends maturity and availability, and resets applicable margins.

Facility upsized to $4.2 billion; maturity to September 2031

On September 16, 2026, Blue Owl Credit Income Corp. (the "Company"), a Maryland corporation that has elected to be regulated as a business development company, entered into the Fourth Amendment to Amended and Restated Senior Secured Revolving Credit Agreement (the "Fourth Amendment"), which amends that certain Amended and Restated Senior Secured Revolving Credit Agreement dated as of August 11, 2022 (as previously amended by the First Amendment dated as of November 2, 2023, the Second Amendment dated as of April 19, 2024, and the Third Amendment dated as of October 18, 2024).

The parties to the Fourth Amendment include the Company, as Borrower; the subsidiary guarantors party thereto solely with respect to Section 5.9 therein; the lenders party thereto; and Sumitomo Mitsui Banking Corporation, as Administrative Agent and, solely with respect to Section 5.11 therein, as Collateral Agent.

Among other things, the Fourth Amendment (i) extends the revolver availability period from October 2028 to September 2030, (ii) extends the scheduled maturity date from October 2029 to September 2031, (iii) increases the total facility amount from $3,900,000,000 to $4,200,000,000, (iv) increases the accordion provision to permit increases to a total facility amount of up to $6,300,000,000, (v) reduces the applicable margin to (I) with respect to any ABR Loan, 0.775% per annum, with respect to any Term Benchmark Loan, 1.775% per annum, and with respect to any RFR Loan, 1.775% per annum, and (II) if the Gross Borrowing Base is greater than or equal to the product of 1.60 and the Combined Debt Amount, ABR 0.65%, Term Benchmark 1.65%, and RFR 1.65% per annum, and (vi) resets the minimum shareholders' equity test.

The Form 8-K Item 1.01 narrative states that the above description does not purport to be complete and is qualified in its entirety by reference to the Fourth Amendment filed as Exhibit 10.1.

Press-release framing and related September financings

A Company press release dated September 22, 2026, attached as Exhibit 99.1 and incorporated by reference into Item 1.01, frames the amendment as increasing total commitments to $4.2 billion from $3.9 billion, extending maturity by approximately two years to September 2031 from October 2029, and reducing the interest rate from SOFR plus 1.875% to SOFR plus 1.650% to 1.775%, subject to borrowing-base limitations. The release states that every existing bank partner renewed its revolver commitment, with a few lenders upsizing, providing incremental financing capacity of $300 million, and that the amendment closed on September 16, 2026.

The same Exhibit 99.1 also states that earlier in September the Company completed a $1.0 billion notes offering composed of $700 million of 6.250% notes due 2029 and an additional $300 million of its 6.550% notes due 2031 (an add-on to $500 million of the same notes issued in June, increasing the total principal amount outstanding of those 2031 notes to $800 million), with net proceeds used in part to repay existing indebtedness. Together, the release says these transactions represent approximately $1.3 billion of total debt capital raised since June 30, 2026. Those notes terms are described in Exhibit 99.1 only; they are not the Item 1.01 instrument of this Form 8-K.

Chief Executive Officer Craig W. Packer is quoted in Exhibit 99.1 on demand for the notes offering and bank-group support. Exhibit 99.1 describes the Company as focused on lending to U.S. middle-market companies and states that as of June 30, 2026 it had investments in 345 portfolio companies with an aggregate fair value of $35.7 billion. The Company is externally managed by Blue Owl Credit Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. (NYSE: OWL).

Filing mechanics

Item 2.03 incorporates the Item 1.01 disclosure by reference as the creation of a direct financial obligation. Blue Owl Credit Income Corp. reported the agreement in Form 8-K AccNo 0001193125-26-397893 under Items 1.01, 2.03, and 9.01. The earliest event date is September 16, 2026; the report is dated and signed September 22, 2026 by Jonathan Lamm, Chief Operating Officer and Chief Financial Officer. The cover page lists no securities registered under Section 12(b) of the Exchange Act.