# EDGAR Filing Document

**Accession Number:** 0001812554
**File Stem:** 0001812554-26-000003
**Filing Date:** 2026-1
**Character Count:** 15046
**Document Hash:** 238830de2dfedeba220bf26480676524
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001812554-26-000003.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001812554-26-000003

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260126

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blue Owl Credit Income Corp.
- **CENTRAL INDEX KEY:** 0001812554

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01369
- **FILM NUMBER:** 26573756

**BUSINESS ADDRESS:**
- **STREET 1:** 399 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** (212) 419-3000

**MAIL ADDRESS:**
- **STREET 1:** 399 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Owl Rock Core Income Corp.
- **DATE OF NAME CHANGE:** 20200519

?xml version='1.0' encoding='ASCII'? orcic-20260126

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): January 26, 2026**

**BLUE OWL CREDIT INCOME CORP.** 

**(Exact name of Registrant as Specified in Its Charter)** 

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| | | |
|:---|:---|:---|
| **Maryland** | **814-01369** | **85-1187564** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |

---

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| | |
|:---|:---|
| **399 Park Avenue**<br>**New York**, **NY** | **10022** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code: (212) 419-3000** 

**Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)** 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange**<br>**on which registered** |
| **None** | **None** | **None** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 3.02. Unregistered Sale of Equity Securities.**

As of January 2, 2026, Blue Owl Credit Income Corp. (the "***Company***," "***we***" or "***us***") sold unregistered shares of its Class I common stock to feeder vehicles primarily created to hold the Company's Class I shares. The offer and sale of these Class I shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) and/or Regulation S thereunder (the "***Private Offering***"). The following table details the shares sold:

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| | | |
|:---|:---|:---|
| **Date of Unregistered Sale** | **Approximate Number of Shares of Class I Common Stock** | **Consideration** |
| As of January 2, 2026 (number of shares finalized on January 26, 2026) | 2872794 | $26831893 |

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**Item 8.01. Other Events.** 

***Status of the Offering***

The Company is currently publicly offering on a continuous basis up to $14.0 billion (the "***Current Offering***") in shares of Class S, Class D and Class I common stock (the "***Shares***") and previously offered on a continuous basis up to $13.5 billion (the "***Follow-On Offering***") and up to $2.5 billion (the "***Initial Offering***" and together with the Follow-On Offering and the Current Offering, the "***Offering***") in Class S, Class D and Class I Shares. Additionally the Company has sold unregistered Shares as part of the Private Offering. The following table lists the Shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing. The table below does not include Shares issued through the Company's distribution reinvestment plan.

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| | | |
|:---|:---|:---|
| **Offering** | **Common Shares Issued** | **Total Consideration** |
| Class S Shares | 720270005 | $6814072118 |
| Class D Shares | 106105651 | $990412346 |
| Class I Shares | 1331166953 | $12511803765 |
| **Private Offering** |  |  |
| Class I Shares | 165114287 | $1560842356 |
| **Total Offering and Private Offering\*** | **2322656896** | $**21877130585** |

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\* Includes seed capital of $1,000 contributed by Blue Owl Credit Advisors LLC (the "***Adviser***") in September 2020 and approximately $25.0 million in gross proceeds raised from an entity affiliated with the Adviser.

***January 2, 2026 Public Offering Price***

In accordance with the Company's share pricing policy, we intend to sell our shares on the first of each month at a net offering price that we believe reflects the net asset value per share at the end of the preceding month. The January 2, 2026 public offering price for each of our share classes is approximately equal to such class's NAV per share as of December 31, 2025, plus applicable maximum upfront sales load.

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| | | |
|:---|:---|:---|
| | **Net Asset (per share)** | **Maximum Offering Price (per share)** |
| Class S | $9.32 | $9.65 |
| Class D | $9.33 | $9.47 |
| Class I | $9.34 | $9.34 |

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The average debt-to-equity leverage ratio during the month-to-date period ended December 31, 2025 was 0.73x. Pro-forma for the settlement of our most recent tender offer the net debt-to-equity leverage was 0.81x as of December 31, 2025. As of December 31, 2025, we had $4.47 billion of liquid Level 2 assets and $0.74 billion of

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cash. The table below summarizes the company's committed debt capacity and drawn amounts as of December 31, 2025.

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| | | |
|:---|:---|:---|
| ($ in thousands) | **Aggregate Principal Committed** | **Outstanding Principal** |
| Revolving Credit Facility<sup>(1)</sup> | $3850000 | $995268 |
| SPV Asset Facility I | 650000 | 238600 |
| SPV Asset Facility II | 2000000 | 932000 |
| SPV Asset Facility III | 2000000 | 1233500 |
| SPV Asset Facility IV | 500000 | 175000 |
| SPV Asset Facility V | 750000 | 606250 |
| SPV Asset Facility VI | 1350000 | 646000 |
| SPV Asset Facility VII<sup>(1)</sup> | 500000 | 463585 |
| SPV Asset Facility VIII | 1000000 | 587500 |
| SPV Asset Facility IX | 300000 | 230000 |
| SPV Asset Facility X | 750000 |  |
| CLO VIII | 375000 | 375000 |
| CLO XI | 260000 | 260000 |
| CLO XV | 312000 | 312000 |
| CLO XVI | 420000 | 420000 |
| CLO XVII | 325000 | 325000 |
| CLO XVIII | 260000 | 260000 |
| CLO XIX | 260000 | 260000 |
| CLO XXII | 737500 | 737500 |
| September 2026 Notes | 350000 | 350000 |
| February 2027 Notes | 500000 | 500000 |
| September 2027 Notes | 600000 | 600000 |
| May 2028 Notes | 500000 | 500000 |
| June 2028 Notes | 650000 | 650000 |
| January 2029 Notes | 550000 | 550000 |
| September 2029 Notes | 900000 | 900000 |
| March 2031 Notes | 750000 | 750000 |
| March 2030 Notes | 1000000 | 1000000 |
| EUR 2031 Notes<sup>(1)</sup> | 587218 | 587218 |
| AUD 2027 Notes<sup>(1)</sup> | 300771 | 300771 |
| **Total Debt** | $23287489 | $15745192 |

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(1) Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies and cross-currency swap.

Of the Company's committed debt capacity, $16.57 billion (71.2%) is in secured floating rate leverage, $0.03 billion (0.1%) is in secured fixed rate leverage, and $6.69 billion (28.7%) is in unsecured fixed rate leverage. Of the Company's $6.69 billion unsecured fixed rate leverage, $5.84 billion is hedged by interest rate swaps for which we receive fixed rate interest and pay variable rate interest.

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**Portfolio Update**

As of December 31, 2025, we had debt investments in 352 portfolio companies with an aggregate par value of $34.24 billion. As of December 31, 2025, based on par value, our portfolio consisted of 88.2% first lien debt investments, 4.4% second lien debt investments, 1.3% unsecured debt investments, 0.4% specialty finance debt investments, 1.4% preferred equity investments, 0.9% common equity investments, 2.3% specialty finance equity investments, and 1.1% joint ventures. As of December 31, 2025, 98.2% of the debt investments based on par value in our portfolio were at floating rates. The table below describes investments by industry composition based on par value, excluding equity investments, as of December 31, 2025.

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| | | |
|:---|:---|:---|
| **Industry** | **Par<br>($ in thousands)** | **% of Par** |
| Healthcare providers and services | $5098142 | 14.9% |
| Internet software and services | 4077058 | 11.9% |
| Insurance | 2728184 | 8.0% |
| Healthcare equipment and services | 2628656 | 7.7% |
| Financial services | 2343216 | 6.8% |
| Professional services | 1743898 | 5.1% |
| Healthcare technology | 1683681 | 4.9% |
| Food and beverage | 1670941 | 4.9% |
| Business services | 1481193 | 4.3% |
| Buildings and real estate | 1054356 | 3.1% |
| Leisure and entertainment | 1011128 | 3.0% |
| Distribution | 918300 | 2.7% |
| Containers and packaging | 876159 | 2.6% |
| Infrastructure and environmental services | 831264 | 2.4% |
| Telecommunications | 775979 | 2.3% |
| Chemicals | 767349 | 2.2% |
| Manufacturing | 732493 | 2.1% |
| Automotive services | 611520 | 1.8% |
| Consumer products | 594773 | 1.7% |
| Advertising and media | 480732 | 1.4% |
| Household products | 444993 | 1.3% |
| Aerospace and defense | 324064 | 0.9% |
| Asset based lending and fund finance | 297686 | 0.9% |
| Specialty retail | 278520 | 0.8% |
| Education | 206826 | 0.6% |
| Pharmaceuticals | 190930 | 0.6% |
| Transportation | 180804 | 0.5% |
| Human resource support services | 113816 | 0.3% |
| Energy equipment and services | 88959 | 0.3% |
| Automotive aftermarket | 8315 | 0.0% |
| **Total** | $34243935 | 100.0% |

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***Total Returns***

During the year ended December 31, 2025, our annual total returns were as follows<sup>1</sup>:

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| | |
|:---|:---|
| | **Total Return** |
| Gross Year-to-Date | 10.1% |
| Net Year-to-Date | 7.4% |

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(1) Total return is not annualized. Net total return displayed is net of all fees, including all operating expenses such as management fees, incentive fees, general and administrative expenses, organization and amortized offering expenses, and interest expenses. Gross total return displayed is gross of management fees and incentive fees. Total return is calculated as the total net income, divided by the average NAV during the period (at the Company level,

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inclusive of all share classes). An investment in the Company is subject to maximum upfront sales load of 3.5% and 1.5% for Class S and Class D common stock, respectively, of the offering price, which will reduce the amount of capital available for investment. Class I common stock is not subject to upfront sales load. Shares of Class S and Class D common stock are subject to annual ongoing servicing fees of 0.85% and 0.25%, respectively, of the then-current net asset value of such shares. Our Class I common stock is not subject to an ongoing servicing fee.

**Past performance is not necessarily indicative of future performance, and there can be no assurance that we will achieve comparable investment results, or that any targeted returns will be met.**

Statements contained herein that are not historical facts are based on current expectations, estimates, projections, opinions, and/or beliefs of our management. Such statements involve known and unknown risks, uncertainties, and other factors, and undue reliance should not be placed thereon. Certain information contained herein constitutes "forward-looking statements," which can be identified by the use of terms such as "may", "will", "should", "expect", "project", "estimate", "intend", "continue", "target", or "believe" (or the negatives thereof) or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or our actual performance may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions.

The estimates presented above are based on management's preliminary determinations only and, consequently, the data set forth in our Form 10-Q or 10-K may differ from these estimates, and any such differences may be material. In addition, the information presented above does not include all of the information regarding our financial condition and results of operations that may be important to investors. As a result, investors are cautioned not to place undue reliance on the information presented above. The information presented above is based on management's current expectations that involve substantial risk and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such information. We assume no duty to update these preliminary estimates except as required by law.

Neither KPMG LLP, our independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled or performed procedures with respect to the preliminary financial data contained herein. Accordingly, KPMG LLP does not express an opinion or any form of assurance with respect thereto and assumes no responsibility for, and disclaims any association with, this information.

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**SIGNATURE** 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | **BLUE OWL CREDIT INCOME CORP.** | **BLUE OWL CREDIT INCOME CORP.** |
| Dated: January 28, 2026 | By: | /s/ Jonathan Lamm |
|  |  | **Name:** Jonathan Lamm |
|  |  | **Title:** Chief Operating Officer and Chief Financial Officer |

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