Presale: Core Income Funding VIII LLC (Upsize) - S&P Global Ratings’ Credit Research

Presale: Core Income Funding VIII LLC (Upsize)

Presale: Core Income Funding VIII LLC (Upsize) - S&P Global Ratings’ Credit Research
Presale: Core Income Funding VIII LLC (Upsize)
Published May 09, 2025
Published May 09, 2025
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Core Income Funding VIII LLC is a $ 1.500 billion middle market CLO warehouse facility serviced by Blue Owl Credit Income Corp. This is an upsize to the facility that previously closed in December 2024. Based on provisions in the transaction documents and the portfolio characteristics: The class A-R revolving notes and the class A-T term notes are expected to be issued at a higher spread over three-month term SOFR than the original notes. The new class A-D3 and A-D4 delayed draw notes are expected to be issued at floating spreads of 1.78% and 2.06% over three-month term SOFR, respectively. The stated maturity and reinvestment period are not being extended. The class A-R is a revolving note that can be

  
Report Type:

Presale Report

Sector
Structured Finance
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Presale: Core Income Funding VIII LLC (Upsize)" May 09, 2025. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Presale-Core-Income-Funding-VIII-LLC-Upsize-3367259>
  
APA:
S&P Global Ratings’ Credit Research. (). Presale: Core Income Funding VIII LLC (Upsize) May 09, 2025. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Presale-Core-Income-Funding-VIII-LLC-Upsize-3367259>
  
US$ 500.00
$  £  
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