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Published on 1/30/2024 in the Prospect News Investment Grade Daily.

New Issue: Blue Owl Credit sells $750 million 6.65% notes due 2031 at 290 bps over Treasuries

By William Gullotti and Cristal Cody

Buffalo, N.Y., Jan. 30 – Blue Owl Credit Income Corp. sold $750 million 6.65% notes due March 15, 2031 (BBB-) on Monday, according to information provided by a market source.

The notes priced at Treasuries plus 290 basis points versus talk in the 315 bps area.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc. and Truist Securities, Inc. are the bookrunners.

Blue Owl is an alternative asset manager based in New York.

Issuer:Blue Owl Credit Income Corp.
Amount:$750 million
Issue:Notes
Maturity:March 15, 2031
Bookrunners:Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc. and Truist Securities, Inc.
Coupon:6.65%
Spread:Treasuries plus 290 bps
Pricing date:Jan. 29
Rating:S&P: BBB-
Price talk:Treasuries plus 315 bps area

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