Tender Offer - Blue Owl Credit Income Corp.
Form Type: SC TO-I/A
Filing Date: 2025-03-06
Corporate Action: Tender-offer
Type: Update
Accession Number: 000162828025011003
Filing Summary: Blue Owl Credit Income Corp. filed Amendment No. 1 to the Tender Offer Statement on Schedule TO, initially submitted on February 26, 2025. The amendment announces the company’s intention to repurchase shares of its Common Stock, using $726,102,503 at the net offering price per share in effect as of March 31, 2025. The amendment incorporates by reference the Annual Report on Form 10-K for the year ended December 31, 2024, filed on March 4, 2025. The Amendment specifies that only the items amended are reported, and the rest of the content remains unchanged. The offer is part of an issuer tender offer, as indicated in the filing.
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Additional details:
Cik: 0001832677
Total Tender Offer Amount: 726102503
Date Of Offer Price Effective: 2025-03-31
Form Type: SC TO-I
Filing Date: 2025-02-26
Corporate Action: Tender-offer
Type: New
Accession Number: 000162828025008239
Filing Summary: Blue Owl Credit Income Corp. filed a Tender Offer Statement under the SEC Rule 13e-4 to purchase up to approximately 5.00% of their Common Stock, totaling approximately $726,102,503. The shares to be repurchased include Class S, Class D, and Class I Common Stock with respective outstanding shares recorded as 552,935,376, 55,570,089, and 1,035,849,631 as of February 25, 2025. The filing clarifies that there are no established trading markets for the shares and outlines that the company will not see material differences in rights for remaining shareholders post-transaction. Notably, none of the directors or executive officers intend to tender their shares, potentially increasing their proportional holdings if other shares are tendered. The Offer to Purchase and the associated Letter of Transmittal provide detailed terms of the offer, although the company does not have alternative financing should primary plans fail.
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Additional details:
Class Of Security: Class S Common Stock
Par Value: $0.01
C Usip Number: 69120V101
Class Of Security: Class D Common Stock
Par Value: $0.01
C Usip Number: 69120V200
Class Of Security: Class I Common Stock
Par Value: $0.01
C Usip Number: 69120V309
Total Shares Outstanding: 1,644,355,097
Date As Of: 2025-02-25
Tender Offer Value: $726,102,503
Form Type: N-14 8C
Filing Date: 2025-02-12
Corporate Action: Tender-offer
Type: New
Accession Number: 000162828025005137
Filing Summary: Blue Owl Credit Income Corp. is conducting an exchange offer for its outstanding Restricted Notes due 2028, 2031, 2029, and 2030. The exchange will involve the issuance of new Exchange Notes, which have been registered with the SEC under the Securities Act of 1933. The exchange offer targets $16,917,000 of 7.950% Notes due 2028, $3,000,000 of 6.650% Notes due 2031, $900,000,000 of 6.600% Notes due 2029, and $1,000,000,000 of 5.800% Notes due 2030. The exchange offer is necessitated to satisfy certain obligations under the Registration Rights Agreements due to prior issuances of these Restricted Notes. Conditions include compliance with applicable law and absence of any legal orders preventing the exchange. The offer will expire on a specified date in 2025 and will involve an equal exchange principal amount of new Exchange Notes for validly tendered Restricted Notes. The Exchange Notes will have different CUSIP numbers than the Restricted Notes and simplified transfer restrictions, thus they will not accrue additional interest in case of a registration default.
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Additional details:
Aggregate Principal Amount 7950 Notes Due 2028: 16917000
Aggregate Principal Amount 6650 Notes Due 2031: 3000000
Aggregate Principal Amount 6600 Notes Due 2029: 900000000
Aggregate Principal Amount 5800 Notes Due 2030: 1000000000
Form Type: SC TO-I/A
Filing Date: 2025-01-27
Corporate Action: Tender-offer
Type: Update
Accession Number: 000162828025002659
Filing Summary: This document is an amendment to a tender offer statement under the Securities Exchange Act of 1934, filed by Blue Owl Credit Income Corp. on January 27, 2025. The amendment supplements the original tender offer filed on November 26, 2024, wherein the company offered to purchase up to 5% of its outstanding shares in three classes: Class S Common Stock, Class D Common Stock, and Class I Common Stock. The total amount allocated for the offering was approximately $660,874,892, and the offering expired on December 31, 2024. As of that date, a total of 5,740,260 Class S Shares, 928,083 Class D Shares, and 13,540,041 Class I Shares were tendered. The Company purchased the validly tendered shares at net offering prices determined on January 24, 2025: $9.54 per Class S Share, $9.55 per Class D Share, and $9.57 per Class I Share, resulting in an aggregated purchase price of approximately $193,203,467.
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Additional details:
Name Of Subject Company: Blue Owl Credit Income Corp.
Offering Amount: 660874892
Class S Shares Tendered: 5740260
Class D Shares Tendered: 928083
Class I Shares Tendered: 13540041
Aggregate Purchase Price: 193203467
Class S Share Price: 9.54
Class D Share Price: 9.55
Class I Share Price: 9.57
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