By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Nov. 27 – Blue Owl Credit Income Corp. sold $550 million 7.75% notes due Jan. 15, 2029 (BBB-) on Monday, according to a market source.
The notes priced with a Treasuries plus 363.5 basis points spread versus talk in the 375 bps area.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc. were the bookrunners for the deal.
Blue Owl is an alternative asset manager based in New York.
| Issuer: | Blue Owl Credit Income Corp.
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| Amount: | $550 million
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| Issue: | Notes
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| Maturity: | Jan. 15, 2029
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| Bookrunners: | Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc.
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| Coupon: | 7.75%
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| Spread: | Treasuries plus 363.5 bps
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| Pricing date: | Nov. 27
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| Rating: | S&P: BBB-
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| Price talk: | Treasuries plus 375 bps area
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