Blue Owl Credit Income Corp. (OCIC) announced on September 16, 2026, the execution of the Fourth Amendment to its Amended and Restated Senior Secured Revolving Credit Agreement. The amendment, which closed on that date, modifies the company's existing credit facility to increase capacity, extend the maturity date, and adjust interest rate pricing.
Under the terms of the Fourth Amendment, the total commitments to the revolving facility have increased from $3.9 billion to $4.2 billion. The maturity date of the facility has been extended by approximately two years, moving from October 2029 to September 2031. Additionally, the accordion provision has been increased to allow for total facility amounts of up to $6.3 billion.
The amendment also introduces changes to the applicable margin for borrowing, which is tied to the Gross Borrowing Base and the Combined Debt Amount. The new rates range from 0.65% to 1.775% per annum, depending on the type of loan (ABR, Term Benchmark, or RFR) and the facility utilization level. The amendment also resets the minimum shareholders’ equity test.
According to the company’s press release, every existing bank partner renewed its revolver commitment, with several lenders upsizing their participation to provide an additional $300 million in financing capacity.
