UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

~~__________________________~~

FORM 10-Q

~~__________________________~~

~~(Mark One)~~



x			~~QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~September~~June 30, ~~2022~~2023


o			☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period ~~from_____to~~from___to

Commission File Number: 814-01369

~~_____________________________~~

BLUE OWL ~~ROCK CORE~~CREDIT INCOME CORP.

(Exact ~~Name~~name of Registrant as ~~Specified~~specified in its Charter)

~~_____________________________~~


Maryland						85-1187564
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)
399 Park Avenue, New York, New York						10022
(Address of principal executive offices)						(Zip Code)
Registrant’s telephone number, including area code: (212) 419-3000


~~399 Park Avenue, 38~~th ~~Floor~~ ~~New York, New York~~						~~10022~~
~~(Address of principal executive offices)~~						~~(Zip Code)~~

~~Registrant’s telephone number, including area code: (212) 419-3000~~

~~_____________________________~~

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

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ~~YES~~xNOoYes ☒ No ☐

Indicate by check mark whether the ~~registrant~~Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yeso☒Noo ☐

Indicate by check mark whether the ~~registrant~~Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the ~~definitions~~definition of “large accelerated ~~filer,”~~filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☐

Accelerated filer

☐

Non-accelerated filer

☒

Small reporting company

☐

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.o☐

Indicate by check mark whether the ~~registrant~~Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).~~YES~~oNOx Yes ☐ No ☒

As of ~~November~~August 10, ~~2022,~~2023, the registrant had ~~186,343,019~~254,157,882 shares of Class S common stock, ~~46,612,988~~61,299,437 shares of Class D common stock, and ~~312,119,178~~436,200,611 shares of Class I common stock, ~~each with a~~$0.01, par value per share, ~~of $0.01,~~ outstanding.

Table of Contents


		Page
PART I.	CONSOLIDATED FINANCIAL ~~INFORMATION~~STATEMENTS
Item 1.	Consolidated Financial Statements	4
	Consolidated Statements of Assets and Liabilities as of ~~September~~June 30, ~~30, 2022~~2023 (Unaudited) and December 31, ~~2021~~2022	4
	Consolidated Statements of Operations for the Three and ~~Nin~~eSix Months Ended ~~September~~June 30, ~~30,~~2023 and 2022 ~~and 2021~~ (Unaudited)	5
	Consolidated Schedules of Investments as of June 30, ~~September 30, 2022~~2023 (Unaudited) and December 31, ~~2021~~2022	6
	Consolidated Statements of Changes in Net Assets for the Three and Six ~~Nine~~Months Ended ~~September~~June 30,, 2023 and 2022 ~~and 2021~~ (Unaudited)	3750
	Consolidated Statement of Cash Flows for the ~~Nine~~Six Months Ended ~~September~~June 30 ~~30,~~, 2023 and 2022 ~~and 2021~~ (Unaudited)	3851
	Notes to Consolidated Financial Statements (Unaudited)	3952
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	86111
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	~~135~~172
Item 4.	Controls and Procedures	~~136~~173
~~PART II.~~	~~OTHER INFORMATION~~
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	~~136~~174
Item 1A.	Risk Factors	~~136~~174
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	~~137~~174
Item 3.	Defaults Upon Senior Securities	~~137~~175
Item 4.	Mine Safety Disclosures	~~137~~175
Item 5.	Other Information	~~137~~175
Item 6.	Exhibits	~~138~~176
Signatures	~~139~~

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about Blue Owl ~~Rock Core~~Credit Income Corp. (the “Company,” “we” or “our”), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:

•an economic downturn could impair our portfolio companies’ ability to continue to operate, which could lead to the loss of some or all of our investments in such portfolio companies;

•an economic downturn could disproportionately impact the companies that we intend to target for investment, potentially causing us to experience a decrease in investment opportunities and diminished demand for capital from these companies;

•the impact of rising interest rates, elevated inflation rates, ongoing supply chain and labor market disruptions, instability in the U.S. and international banking systems, and the risk of recession on our business prospects and the prospects of our portfolio companies;

•an economic downturn could also impact availability and pricing of our financing and our ability to access the debt and equity capital markets;

•a contraction of available credit and/or an inability to access the equity markets could impair our lending and investment activities;

•the impact of the “COVID-19” pandemic, changes in base interest rates and significant market volatility on our business, our portfolio companies (including our business prospects and the prospects of our portfolio companies including the ability to achieve our and their business objectives), our industry and the global economy including as a result of ongoing supply chain disruptions;

•interest rate volatility, including the decommissioning of LIBOR, could adversely affect our results, particularly because we use leverage as part of our investment strategy;

•currency fluctuations could adversely affect the results of our investments in foreign companies, particularly to the extent that we receive payments denominated in foreign currency rather than U.S. dollars;

•our future operating results;

•~~the impact of rising interest and inflation rates and the risk of recession on our business prospects and the prospects of our portfolio companies;~~

•~~our contractual arrangements and relationships with third parties;~~

•the ability of our portfolio companies to achieve their objectives;

•competition with other entities and our affiliates for investment opportunities;

•risks related to the ~~speculative and illiquid nature~~uncertainty of the value of our ~~investments;~~portfolio investments, particularly those having no liquid trading market;;

•risks related to the uncertainty of the value of our portfolio investments, particularly those having no liquid trading market;

•the use of borrowed money to finance a portion of our investments as well as any estimates regarding potential use of leverage;

•the adequacy of our financing sources and working capital;

•the loss of key personnel;

•the timing of cash flows, if any, from the operations of our portfolio companies;

•the ability of Blue Owl ~~Rock Capital~~Credit Advisors LLC (“the Adviser” or “our Adviser”) to locate suitable investments for us and to monitor and administer our investments;

•the ability of the Adviser to attract and retain highly talented professionals;

•our ability to qualify for and maintain our tax treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and as a business development company (“BDC”);

•~~the effect of legal, tax and regulatory changes including the recently announced Inflation Reduction Act of 2022;~~

•the impact that environmental, social and governance matters could have on our brand and reputation and our portfolio companies;

•the effect of legal, tax and regulatory changes;

•the impact of information technology system failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks

•the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing ~~conflict~~war between Russia and Ukraine and general uncertainty surrounding the financial and political stability of the United States, the United Kingdom, the European Union and ~~China;~~China, on financial market volatility, global economic markets, and various markets for commodities globally such as oil and natural gas; and

•other risks, uncertainties and other factors previously identified in the reports and other documents we have filed with the Securities and Exchange Commission (“SEC”).

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements. Because we are an investment company, the forward-looking statements and projections contained in this report are excluded from the safe harbor protection provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).

~~PART I. CONSOLIDATED FINANCIAL INFORMATION~~

~~Item 1. Consolidated Financial Statements~~

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Statements of Assets and Liabilities

(Amounts in thousands, except share and per share amounts)


		September 30, 2022 (Unaudited)		December 31, 2021			June 30, 2023 (Unaudited)		December 31, 2022
Assets	Assets					Assets
Investments at fair value	Investments at fair value					Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $10,153,647 and $3,116,897, respectively)		$	9,995,104	$	3,120,372
Non-controlled, affiliated investments (amortized cost of $7,032 and $0, respectively)		7,032		—
Controlled, affiliated investments (amortized cost of $1,368 and $0, respectively)		1,368		—
Total investments at fair value (amortized cost of $10,162,047 and $3,116,897, respectively)		10,003,504		3,120,372
Cash		176,350		21,459
Non-controlled, non-affiliated investments (amortized cost of $12,697,416 and $10,585,542, respectively)						Non-controlled, non-affiliated investments (amortized cost of $12,697,416 and $10,585,542, respectively)	$	12,660,772	$	10,469,767
Non-controlled, affiliated investments (amortized cost of $76,348 and $6,224, respectively)						Non-controlled, affiliated investments (amortized cost of $76,348 and $6,224, respectively)	76,348		6,175
Controlled, affiliated investments (amortized cost of $359,193 and $233,026, respectively)						Controlled, affiliated investments (amortized cost of $359,193 and $233,026, respectively)	362,524		231,642
Total investments at fair value (amortized cost of $13,132,957 and $10,824,792, respectively)						Total investments at fair value (amortized cost of $13,132,957 and $10,824,792, respectively)	13,099,644		10,707,584
Cash (restricted cash of $26,326 and $23,000, respectively)						Cash (restricted cash of $26,326 and $23,000, respectively)	364,162		225,247
Interest receivable	Interest receivable	62,043		19,034		Interest receivable	98,960		80,402

Receivable from a controlled affiliate						Receivable from a controlled affiliate	8,316		20,202

Receivable for investments sold	Receivable for investments sold	1,965		—		Receivable for investments sold	36,262		—
Prepaid expenses and other assets	Prepaid expenses and other assets	4,477		2,883		Prepaid expenses and other assets	3,203		2,927
Total Assets	Total Assets	$10,248,339		$3,163,748		Total Assets	$	13,610,547	$	11,036,362
Liabilities	Liabilities					Liabilities
Debt (net of unamortized debt issuance costs of $65,485 and $22,641, respectively)		5,334,939		1,525,811
Debt (net of unamortized debt issuance costs of $73,504 and $63,306, respectively)						Debt (net of unamortized debt issuance costs of $73,504 and $63,306, respectively)	6,598,565		5,477,411
Distribution payable	Distribution payable	33,485		9,005		Distribution payable	47,021		37,036
Payable for investments purchased	Payable for investments purchased	59,788		27,363		Payable for investments purchased	50,364		41,706
Payables to affiliates	Payables to affiliates	22,512		9,121		Payables to affiliates	39,175		32,590
Tender offer payable	Tender offer payable	42,878		1,413		Tender offer payable	76,264		110,836
Accrued expenses and other liabilities	Accrued expenses and other liabilities	48,480		10,307		Accrued expenses and other liabilities	105,601		87,030
Total Liabilities	Total Liabilities	$5,542,082		$1,583,020		Total Liabilities	$	6,916,990	$	5,786,609
Commitments and contingencies (Note 7)	Commitments and contingencies (Note 7)					Commitments and contingencies (Note 7)
Net Assets	Net Assets					Net Assets
Class S Common shares $0.01 par value, 1,000,000,000 shares authorized; 179,513,911 and 60,700,920 shares issued and outstanding, respectively		1,795		607
Class D Common shares $0.01 par value, 1,000,000,000 shares authorized; 44,952,979 and 18,552,331 shares issued and outstanding, respectively		450		186
Class I Common shares $0.01 par value, 1,000,000,000 shares authorized; 298,101,538 and 90,103,200 shares issued and outstanding, respectively		2,981		901
Class S Common shares $0.01 par value, 1,000,000,000 shares authorized; 241,935,918 and 196,951,435 shares issued and outstanding, respectively						Class S Common shares $0.01 par value, 1,000,000,000 shares authorized; 241,935,918 and 196,951,435 shares issued and outstanding, respectively	2,419		1,970
Class D Common shares $0.01 par value, 1,000,000,000 shares authorized; 59,251,502 and 48,895,298 shares issued and outstanding, respectively						Class D Common shares $0.01 par value, 1,000,000,000 shares authorized; 59,251,502 and 48,895,298 shares issued and outstanding, respectively	595		489
Class I Common shares $0.01 par value, 1,000,000,000 shares authorized; 418,671,705 and 332,811,718 shares issued and outstanding, respectively						Class I Common shares $0.01 par value, 1,000,000,000 shares authorized; 418,671,705 and 332,811,718 shares issued and outstanding, respectively	4,187		3,328
Additional paid-in-capital	Additional paid-in-capital	4,816,766		1,574,366		Additional paid-in-capital	6,619,394		5,322,239
Accumulated undistributed (overdistributed) earnings	Accumulated undistributed (overdistributed) earnings	(115,735)		4,668		Accumulated undistributed (overdistributed) earnings	66,962		(78,273)
Total Net Assets	Total Net Assets	$4,706,257		$1,580,728		Total Net Assets	$	6,693,557	$	5,249,753
Total Liabilities and Net Assets	Total Liabilities and Net Assets	$10,248,339		$3,163,748		Total Liabilities and Net Assets	$	13,610,547	$	11,036,362
Net Asset Value Per Class S Share	Net Asset Value Per Class S Share	$8.99		$9.33		Net Asset Value Per Class S Share	$	9.28	$	9.06
Net Asset Value Per Class D Share	Net Asset Value Per Class D Share	$9.00		$9.33		Net Asset Value Per Class D Share	$	9.29	$	9.07
Net Asset Value Per Class I Share	Net Asset Value Per Class I Share	$9.01		$9.34		Net Asset Value Per Class I Share	$	9.31	$	9.08

The accompanying notes are an integral part of these consolidated financial statements.

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

(Unaudited)

For the Three Months Ended September 30, For the Nine Months Ended September 30,
2022 2021 2022 2021
Investment Income
Investment income from non-controlled, non-affiliated investments:
Interest income $ 174,782 $ 13,728 $ 345,230 $ 17,462
PIK interest income 12,198 891 24,369 985
Dividend income 13,166 203 21,829 342
Other income 5,073 804 12,857 850
Total investment income from non-controlled, non-affiliated investments 205,219 15,626 404,285 19,639
Total Investment Income 205,219 15,626 404,285 19,639
Operating Expenses
Initial organization — — — 273
Offering costs 1,090 1,524 3,440 1,524
Interest expense 61,773 3,463 113,254 4,966
Management fees 12,672 836 27,570 1,102
Performance based incentive fees 15,142 1,372 29,489 1,570
Professional fees 2,916 558 6,250 1,221
Directors' fees 296 257 845 788
Shareholder servicing fees 3,558 256 8,444 306
Other general and administrative 1,755 857 4,087 1,785
Total Operating Expenses 99,202 9,123 193,379 13,535
Management fees waived (Note 3) — — — (52)
Expense support (Note 3) — — (6,775) (2,578)
Recoupment of expense support — 465 — 465
Net Operating Expenses 99,202 9,588 186,604 11,370
Net Investment Income (Loss) Before Taxes 106,017 6,038 217,681 8,269
Excise tax (4) — (4) —
Net Investment Income (Loss) After Taxes 106,013 6,038 217,677 8,269
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss):
Non-controlled, non-affiliated investments 48,819 2,211 (142,695) 3,023
Translation of assets and liabilities in foreign currencies (1,779) (29) (2,652) (7)
Total Net Change in Unrealized Gain (Loss) 47,040 2,182 (145,347) 3,016
Net realized gain (loss):
Non-controlled, non-affiliated investments (234) 917 125 924
Foreign currency transactions 52 (2) 261 (2)
Total Net Realized Gain (Loss) (182) 915 386 922
Total Net Realized and Change in Unrealized Gain (Loss) 46,858 3,097 (144,961) 3,938
Total Net Increase (Decrease) in Net Assets Resulting from Operations $ 152,871 $ 9,135 $ 72,716 $ 12,207
Net Increase (Decrease) in Net Assets Resulting from Operations- Class S Common Stock $ 51,124 $ 1,946 $ 20,523 $ 2,290
Net Increase (Decrease) in Net Assets Resulting from Operations- Class D Common Stock $ 13,457 $ 1,057 $ 6,459 $ 1,490
Net Increase (Decrease) in Net Assets Resulting from Operations- Class I Common Stock $ 88,290 $ 6,132 $ 45,734 $ 8,427
Earnings Per Share - Basic and Diluted of Class S Common Stock $ 0.30 $ 0.17 $ 0.15 $ 0.52
Weighted Average Shares of Class S Common Stock Outstanding - Basic and Diluted 171,779,747 11,160,688 134,859,276 4,363,627
Earnings Per Share - Basic and Diluted of Class D Common Stock $ 0.31 $ 0.19 $ 0.18 $ 0.56
Weighted Average Shares of Class D Common Stock Outstanding - Basic and Diluted 43,183,930 5,670,041 35,082,254 2,654,462
Earnings Per Share - Basic and Diluted of Class I Common Stock $ 0.31 $ 0.19 $ 0.22 $ 0.55
Weighted Average Shares of Class I Common Stock Outstanding - Basic and Diluted 280,852,155 31,988,535 211,931,540 15,343,528

~~The accompanying notes are an integral part of these consolidated financial statements.~~


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Investment Income
Investment income from non-controlled, non-affiliated investments:
Interest income	$	310,981	$	110,034	$	574,243	$	170,448
PIK interest income	17,885		7,195		32,962		12,171
Dividend income	4,132		—		4,132		—
PIK dividend income	16,432		5,777		34,402		8,663
Other income	4,411		5,915		7,417		7,784
Total investment income from non-controlled, non-affiliated investments	353,841		128,921		653,156		199,066
Investment income from non-controlled, affiliated investments:


Dividend income	333		—		333		—

Total investment income from non-controlled, affiliated investments	333		—		333		—
Investment income from controlled, affiliated investments:


Dividend income	10,021		—		16,118		—

Total investment income from controlled, affiliated investments	10,021		—		16,118		—
Total Investment Income	364,195		128,921		669,607		199,066
Operating Expenses

Offering costs	324		1,179		937		2,350
Interest expense	114,551		36,110		204,146		51,481
Management fees	18,855		9,348		35,796		14,898
Performance based incentive fees	27,571		9,483		51,247		14,347
Professional fees	3,146		2,053		5,914		3,334
Directors' fees	259		267		524		549
Shareholder servicing fees	4,893		2,924		9,220		4,886
Other general and administrative	1,596		1,197		3,153		2,332
Total Operating Expenses	171,195		62,561		310,937		94,177

Expense support (Note 3)	—		(2,713)		—		(6,775)

Net Operating Expenses	171,195		59,848		310,937		87,402
Net Investment Income (Loss) Before Taxes	193,000		69,073		358,670		111,664
Income tax expense (benefit) including excise tax expense (benefit)	1,407		—		1,502		—
Net Investment Income (Loss) After Taxes	191,593		69,073		357,168		111,664
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss):
Non-controlled, non-affiliated investments	$	12,502	$	(168,229)	$	73,156	$	(191,514)
Non-controlled, affiliated investments	50		—		49		—
Controlled, affiliated investments	1,462		—		4,713		—
Translation of assets and liabilities in foreign currencies	209		(701)		347		(873)
Income tax (provision) benefit	—		—		(7)		—
Total Net Change in Unrealized Gain (Loss)	14,223		(168,930)		78,258		(192,387)
Net realized gain (loss):
Non-controlled, non-affiliated investments	(2,601)		109		(7,178)		359
Non-controlled, affiliated investments	—		—		—		—
Controlled, affiliated investments	—		—		—		—
Foreign currency transactions	(60)		22		(60)		209
Total Net Realized Gain (Loss)	(2,661)		131		(7,238)		568
Total Net Realized and Change in Unrealized Gain (Loss)	11,562		(168,799)		71,020		(191,819)
Total Net Increase (Decrease) in Net Assets Resulting from Operations	$	203,155	$	(99,726)	$	428,188	$	(80,155)
Net Increase (Decrease) in Net Assets Resulting from Operations - Class S Common Stock	$	68,006	$	(36,762)	$	143,663	$	(30,601)
Net Increase (Decrease) in Net Assets Resulting from Operations - Class D Common Stock	$	17,233	$	(8,956)	$	36,023	$	(6,998)
Net Increase (Decrease) in Net Assets Resulting from Operations - Class I Common Stock	$	117,916	$	(54,008)	$	248,502	$	(42,556)
Earnings Per Share - Basic and Diluted of Class S Common Stock	$	0.29	$	(0.26)	$	0.65	$	(0.26)
Weighted Average Shares of Class S Common Stock Outstanding - Basic and Diluted	233,305,828		139,449,179		221,466,999		116,093,069
Earnings Per Share - Basic and Diluted of Class D Common Stock	$	0.29	$	(0.25)	$	0.65	$	(0.23)
Weighted Average Shares of Class D Common Stock Outstanding - Basic and Diluted	59,122,097		36,329,375		55,532,022		30,964,275
Earnings Per Share - Basic and Diluted of Class I Common Stock	$	0.29	$	(0.25)	$	0.65	$	(0.24)
Weighted Average Shares of Class I Common Stock Outstanding - Basic and Diluted	404,528,122		219,206,555		383,084,074		176,900,067

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Non-controlled/non-affiliated portfolio
company investments
Debt Investments(5)
Advertising and media
Global Music Rights, LLC(7) First lien senior secured loan L + 5.50% 8/28/2028 83,742 82,281 83,322 1.8 %
Global Music Rights, LLC(18)(19) First lien senior secured revolving loan L + 5.50% 8/27/2027 — (123) (38) — %
The NPD Group, L.P.(9) First lien senior secured loan SR + 6.25% (incl. 2.75% PIK) 12/1/2028 222,463 217,921 217,836 4.6 %
The NPD Group, L.P.(18)(19) First lien senior secured revolving loan SR + 5.75% 12/1/2027 — (276) (297) — %
306,205 299,803 300,823 6.4 %
Aerospace and Defense
Bleriot US Bidco Inc.(7)(23) First lien senior secured loan L + 4.00% 10/30/2026 10,396 10,397 10,031 0.2 %
ManTech International Corporation(9) First lien senior secured loan SR + 5.75% 9/14/2029 14,217 13,934 13,933 0.3 %
ManTech International Corporation(18)(19) First lien senior secured delayed draw term loan SR + 5.75% 9/14/2029 — (33) (34) — %
ManTech International Corporation(9)(18) First lien senior secured revolving loan SR + 5.75% 9/14/2028 282 247 246 — %
Peraton Corp.(6)(23) First lien senior secured loan L + 3.75% 2/1/2028 22,375 22,294 21,167 0.4 %
Peraton Corp.(6)(23) Second lien senior secured loan L + 7.75% 2/1/2029 4,854 4,793 4,578 0.1 %
52,124 51,632 49,921 1.0 %
Automotive
Holley Inc.(7)(23) First lien senior secured loan L + 3.75% 11/17/2028 2,354 2,340 2,135 — %
Mavis Tire Express Services Topco Corp.(9)(23) First lien senior secured loan SR + 4.00% 5/4/2028 9,875 9,834 9,239 0.2 %
OAC Holdings I Corp. (dba Omega Holdings)(11) First lien senior secured loan SR + 5.00% 3/30/2029 9,165 8,992 8,890 0.2 %
OAC Holdings I Corp. (dba Omega Holdings)(10)(18) First lien senior secured revolving loan SR + 5.00% 3/31/2028 1,066 1,019 989 — %
PAI Holdco, Inc.(7)(23) First lien senior secured loan L + 3.75% 10/28/2027 4,962 4,848 4,693 0.1 %
Power Stop, LLC(7)(22) First lien senior secured loan L + 4.75% 1/26/2029 29,850 29,575 28,208 0.6 %
57,272 56,608 54,154 1.1 %
Buildings and real estate
Associations, Inc.(10) First lien senior secured loan SR + 6.50% (incl. 2.50% PIK) 7/2/2027 104,013 102,961 103,753 2.2 %
Associations, Inc.(18)(19) First lien senior secured revolving loan SR + 6.50% 7/2/2027 — (38) (12) — %
Associations, Inc.(10)(18)(20) First lien senior secured delayed draw term loan SR + 6.50% (incl. 2.50% PIK) 6/10/2024 3,589 3,018 3,437 0.1 %
CoreLogic Inc.(6)(23) First lien senior secured loan L + 3.50% 6/2/2028 42,163 41,312 31,517 0.7 %
Dodge Construction Network, LLC(11) First lien senior secured loan SR + 4.75% 2/23/2029 22,444 22,129 20,873 0.4 %
RealPage, Inc.(6)(23) First lien senior secured loan L + 3.00% 4/24/2028 24,812 24,784 23,207 0.5 %
RealPage, Inc.(6)(23) Second lien senior secured loan L + 6.50% 4/23/2029 27,500 27,137 26,485 0.6 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments(5)
Advertising and media
Global Music Rights, LLC(10)	First lien senior secured loan	SR +	5.75%	08/2028	$	83,109	$	81,800	$	83,108	1.2	%
Global Music Rights, LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	08/2027	—		(104)		—		0.0	%
Circana Group, L.P. (fka The NPD Group, L.P.)(9)	First lien senior secured loan	SR +	6.25% (2.75% PIK)	12/2028	226,154		222,043		223,327		3.3	%
Circana Group, L.P. (fka The NPD Group, L.P.)(9)(17)	First lien senior secured revolving loan	SR +	5.75%	12/2027	1,141		906		963		0.0	%
					310,404		304,645		307,398		4.5	%
Aerospace and defense
Bleriot US Bidco Inc.(10)(22)	First lien senior secured loan	SR +	4.00%	10/2026	$	5,070	$	5,070	$	5,063	0.1	%
ManTech International Corporation(10)	First lien senior secured loan	SR +	5.75%	09/2029	14,110		13,851		13,969		0.2	%
ManTech International Corporation(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	09/2024	—		(30)		—		0.0	%
ManTech International Corporation(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	09/2028	—		(31)		(18)		0.0	%
Peraton Corp.(9)(22)	First lien senior secured loan	SR +	3.75%	02/2028	14,669		14,647		14,383		0.2	%
Peraton Corp.(10)(22)	Second lien senior secured loan	SR +	7.75%	02/2029	4,854		4,798		4,695		0.1	%
					38,703		38,305		38,092		0.6	%
Automotive
Holley Inc.(10)(22)	First lien senior secured loan	SR +	3.75%	11/2028	$	2,335	$	2,322	$	1,989	0.0	%
Mavis Tire Express Services Topco Corp.(9)(22)	First lien senior secured loan	SR +	4.00%	05/2028	9,800		9,764		9,702		0.1	%
OAC Holdings I Corp. (dba Omega Holdings)(11)	First lien senior secured loan	SR +	5.00%	03/2029	9,096		8,939		8,823		0.1	%
OAC Holdings I Corp. (dba Omega Holdings)(10)(17)	First lien senior secured revolving loan	SR +	5.00%	03/2028	1,838		1,797		1,760		0.0	%
Power Stop, LLC(6)(21)	First lien senior secured loan	L +	4.75%	01/2029	29,625		29,377		24,441		0.4	%
Spotless Brands, LLC(10)	First lien senior secured loan	SR +	6.50%	07/2028	54,030		53,083		53,491		0.9	%


Spotless Brands, LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	07/2028	—		(25)		(15)		0.0	%
					106,724		105,257		100,191		1.5	%
Asset based lending and fund finance
Hg Genesis 9 Sumoco Ltd.(13)(23)	Unsecured facility	E +	7.00% PIK	03/2027	$	133,034	$	133,553	$	133,034	2.0	%
Hg Saturn LuchaCo Ltd.(14)(23)	Unsecured facility	S +	7.50% PIK	03/2026	2,112		2,249		2,091		0.0	%
					135,146		135,802		135,125		2.0	%
Buildings and real estate
Associations, Inc.(10)	First lien senior secured loan	SR +	6.50% (2.50% PIK)	07/2027	$	106,000	$	105,087	$	105,205	1.6	%
Associations, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	07/2027	—		(32)		(24)		0.0	%

Associations, Inc.(11)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.50% (2.50% PIK)	06/2024	39,630		39,148		39,172		0.6	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Wrench Group LLC(7) First lien senior secured loan L + 4.00% 4/30/2026 20,359 20,034 20,308 0.4 %
244,880 241,337 229,568 4.9 %
Business services
Access CIG, LLC(7) Second lien senior secured loan L + 7.75% 2/27/2026 2,385 2,380 2,355 0.1 %
BrightView Landscapes, LLC(9)(22)(23) First lien senior secured loan SR + 3.25% 4/20/2029 19,950 19,506 19,128 0.4 %
Brown Group Holdings, LLC(9)(22)(23) First lien senior secured loan SR + 3.75% 7/2/2029 2,031 1,982 1,965 — %
ConnectWise, LLC(7)(23) First lien senior secured loan L + 3.50% 9/29/2028 40,652 40,730 37,907 0.8 %
CoreTrust Purchasing Group LLC(9) First lien senior secured loan SR + 6.75% 9/28/2029 97,393 95,447 95,444 2.0 %
CoreTrust Purchasing Group LLC(18)(19) First lien senior secured delayed draw term loan SR + 6.75% 9/28/2029 — (71) (71) — %
CoreTrust Purchasing Group LLC(18)(19) First lien senior secured revolving loan SR + 6.75% 9/28/2029 — (284) (284) — %
Denali BuyerCo, LLC (dba Summit Companies)(7) First lien senior secured loan L + 5.75% 9/15/2028 131,831 130,009 130,183 2.8 %
Denali BuyerCo, LLC (dba Summit Companies)(7) First lien senior secured loan L + 5.75% 9/15/2028 35,293 34,535 34,852 0.7 %
Denali BuyerCo, LLC (dba Summit Companies)(7)(18)(20) First lien senior secured delayed draw term loan L + 5.75% 9/15/2023 19,807 19,450 19,526 0.4 %
Denali BuyerCo, LLC (dba Summit Companies)(18)(19) First lien senior secured revolving loan L + 5.75% 9/15/2027 — (106) (125) — %
Diamondback Acquisition, Inc. (dba Sphera)(6) First lien senior secured loan L + 5.50% 9/13/2028 47,468 46,634 46,993 1.0 %
Diamondback Acquisition, Inc. (dba Sphera)(18)(19)(20) First lien senior secured delayed draw term loan L + 5.50% 9/13/2023 — (81) — — %
Entertainment Benefits Group, LLC(9) First lien senior secured loan SR + 4.75% 5/1/2028 75,212 74,504 75,023 1.6 %
Entertainment Benefits Group, LLC(18)(19) First lien senior secured revolving loan SR + 4.75% 4/29/2027 — (106) (29) — %
Fullsteam Operations, LLC(7)(18)(20) First lien senior secured delayed draw term loan L + 7.50% 5/13/2024 25,319 24,091 24,602 0.5 %
Hercules Borrower, LLC (dba The Vincit Group)(8) First lien senior secured loan L + 6.50% 12/15/2026 810 801 808 — %
Hercules Borrower, LLC (dba The Vincit Group)(8) First lien senior secured loan L + 5.50% 12/15/2026 2,198 2,180 2,155 — %
Hercules Borrower, LLC (dba The Vincit Group)(8)(18)(20) First lien senior secured delayed draw term loan L + 5.50% 9/10/2023 9,181 9,100 8,888 0.2 %
Hercules Borrower, LLC (dba The Vincit Group)(8)(18) First lien senior secured revolving loan L + 6.50% 12/15/2026 10 9 10 — %
Hercules Buyer, LLC (dba The Vincit Group)(17)(29) Unsecured notes 0.48% PIK 12/14/2029 23 23 23 — %
Kaseya Inc.(11) First lien senior secured loan SR + 5.75% 6/25/2029 71,717 70,325 70,820 1.5 %
Kaseya Inc.(18)(19)(20) First lien senior secured delayed draw term loan SR + 5.75% 6/24/2024 — (42) (11) — %
Kaseya Inc.(18)(19) First lien senior secured revolving loan SR + 5.75% 6/25/2029 — (83) (54) — %
KPSKY Acquisition, Inc. (dba BluSky)(6) First lien senior secured loan L + 5.50% 10/19/2028 84,441 82,939 82,119 1.8 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
CoreLogic Inc.(6)(22)	First lien senior secured loan	L +	3.50%	06/2028	36,856		36,246		33,226		0.5	%
Cushman & Wakefield U.S. Borrower, LLC(9)(22)	First lien senior secured loan	SR +	2.75%	08/2025	10,000		9,910		9,900		0.1	%
Dodge Construction Network, LLC(10)	First lien senior secured loan	SR +	4.75%	02/2029	17,028		16,812		13,622		0.2	%
RealPage, Inc.(9)(22)	First lien senior secured loan	SR +	3.00%	04/2028	14,131		14,117		13,810		0.2	%
RealPage, Inc.(9)(22)	Second lien senior secured loan	SR +	6.50%	04/2029	27,500		27,167		26,559		0.4	%
Wrench Group LLC(10)	First lien senior secured loan	SR +	4.50%	04/2026	17,000		16,690		16,830		0.3	%
Wrench Group LLC(10)(22)	First lien senior secured loan	SR +	4.00%	04/2026	10,491		10,374		10,364		0.2	%
					278,636		275,519		268,664		4.1	%
Business services
Access CIG, LLC(9)	Second lien senior secured loan	SR +	7.75%	02/2026	$	2,385	$	2,381	$	2,379	0.0	%
BrightView Landscapes, LLC(10)(22)	First lien senior secured loan	SR +	3.25%	04/2029	9,306		9,004		9,149		0.1	%
Capstone Acquisition Holdings, Inc.(9)	First lien senior secured loan	SR +	4.75%	11/2027	9,949		9,878		9,924		0.1	%

ConnectWise, LLC(6)(22)	First lien senior secured loan	L +	3.50%	09/2028	29,851		29,909		29,013		0.4	%
CoolSys, Inc.(10)(22)	First lien senior secured loan	SR +	4.75%	08/2028	7,534		6,997		6,897		0.1	%
CoolSys, Inc.(10)(17)(19)(22)	First lien senior secured delayed draw term loan	SR +	4.75%	08/2023	640		539		521		0.0	%
CoreTrust Purchasing Group LLC(9)	First lien senior secured loan	SR +	6.75%	10/2029	96,906		95,114		95,937		1.4	%
CoreTrust Purchasing Group LLC(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	09/2024	—		(63)		—		0.0	%
CoreTrust Purchasing Group LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	6.75%	10/2029	—		(240)		(142)		0.0	%
Denali BuyerCo, LLC (dba Summit Companies)(7)	First lien senior secured loan	L +	5.75%	09/2028	198,751		196,063		197,758		2.9	%


Denali BuyerCo, LLC (dba Summit Companies)(7)(17)(18)	First lien senior secured revolving loan	L +	5.75%	09/2027	—		(90)		(50)		0.0	%
Diamondback Acquisition, Inc. (dba Sphera)(9)	First lien senior secured loan	SR +	5.50%	09/2028	47,108		46,362		46,402		0.7	%
Diamondback Acquisition, Inc. (dba Sphera)(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	09/2023	—		(71)		(48)		0.0	%
Entertainment Benefits Group, LLC(9)	First lien senior secured loan	SR +	4.75%	05/2028	74,646		74,022		74,646		1.1	%
Entertainment Benefits Group, LLC(9)(17)	First lien senior secured revolving loan	SR +	4.75%	04/2027	1,933		1,845		1,933		0.0	%
Fullsteam Operations, LLC(10)	First lien senior secured loan	SR +	7.50% (3.00% PIK)	10/2027	83,701		82,032		84,538		1.3	%
Hercules Borrower, LLC (dba The Vincit Group)(10)	First lien senior secured loan	SR +	6.25%	12/2026	804		796		804		0.0	%
Hercules Borrower, LLC (dba The Vincit Group)(10)	First lien senior secured loan	SR +	5.50%	12/2026	2,182		2,166		2,165		0.0	%
Hercules Borrower, LLC (dba The Vincit Group)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	09/2023	13,033		12,930		12,935		0.2	%
Hercules Borrower, LLC (dba The Vincit Group)(10)(17)	First lien senior secured revolving loan	SR +	6.25%	12/2026	10		9		10		0.0	%
Hercules Buyer, LLC (dba The Vincit Group)(16)(28)	Unsecured notes		0.48% PIK	12/2029	24		24		27		0.0	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
KPSKY Acquisition, Inc. (dba BluSky)(16)(18)(20) First lien senior secured delayed draw term loan P + 4.50% 6/17/2024 2,369 2,165 2,013 — %
Packers Holdings, LLC(6)(23) First lien senior secured loan L + 3.25% 3/9/2028 40,294 39,971 36,893 0.8 %
Vistage Worldwide, Inc.(10)(22) First lien senior secured loan SR + 5.25% 7/1/2029 5,000 4,866 4,863 0.1 %
713,384 700,874 695,996 14.7 %
Chemicals
Aruba Investments Holdings LLC (dba Angus Chemical Company)(6)(23) First lien senior secured loan L + 4.00% 11/24/2027 12,935 12,720 11,884 0.3 %
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(6) Second lien senior secured loan L + 7.75% 11/24/2028 40,137 40,125 39,033 0.8 %
Gaylord Chemical Company, L.L.C.(7) First lien senior secured loan L + 6.50% 3/30/2027 103,571 102,682 103,313 2.2 %
Gaylord Chemical Company, L.L.C.(18)(19) First lien senior secured revolving loan L + 6.00% 3/30/2026 — (32) (10) — %
Velocity HoldCo III Inc. (dba VelocityEHS)(7) First lien senior secured loan L + 5.75% 4/22/2027 2,329 2,287 2,329 — %
Velocity HoldCo III Inc. (dba VelocityEHS)(18)(19) First lien senior secured revolving loan L + 5.75% 4/22/2026 — (2) — — %
158,972 157,780 156,549 3.3 %
Consumer products
ConAir Holdings LLC(7) Second lien senior secured loan L + 7.50% 5/17/2029 32,500 32,040 29,575 0.6 %
Foundation Consumer Brands, LLC(7) First lien senior secured loan L + 5.50% 2/12/2027 50,754 50,766 50,499 1.1 %
Lignetics Investment Corp.(7) First lien senior secured loan L + 6.00% 11/1/2027 75,897 75,068 73,620 1.6 %
Lignetics Investment Corp.(18)(19)(20) First lien senior secured delayed draw term loan L + 6.00% 11/1/2023 — (101) (287) — %
Lignetics Investment Corp.(7)(18) First lien senior secured revolving loan L + 6.00% 11/2/2026 10,132 10,015 9,788 0.2 %
Olaplex, Inc.(10)(24) First lien senior secured loan SR + 3.75% 2/23/2029 45,760 45,593 45,188 1.0 %
SWK BUYER, Inc. (dba Stonewall Kitchen)(11) First lien senior secured loan SR + 5.25% 3/12/2029 59,824 58,728 58,328 1.2 %
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(18) First lien senior secured revolving loan SR + 5.25% 3/12/2029 5,010 4,907 4,870 0.1 %
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(18) First lien senior secured revolving loan SR + 5.25% 3/12/2029 569 559 534 — %
SWK BUYER, Inc. (dba Stonewall Kitchen)(18)(19)(20) First lien senior secured delayed draw term loan SR + 5.25% 3/11/2024 — (128) (209) — %
280,446 277,447 271,906 5.8 %
Containers and packaging
Ascend Buyer, LLC (dba PPC Flexible Packaging)(7) First lien senior secured loan L + 5.75% 10/2/2028 49,829 49,390 49,205 1.0 %
Ascend Buyer, LLC (dba PPC Flexible Packaging)(6)(18) First lien senior secured revolving loan L + 5.75% 9/30/2027 681 638 617 — %
Berlin Packaging L.L.C.(6)(22)(23) First lien senior secured loan L + 3.75% 3/11/2028 25,621 24,939 24,147 0.5 %
BW Holding, Inc.(10) First lien senior secured loan SR + 4.00% 12/14/2028 21,898 21,654 21,515 0.5 %
Charter NEX US, Inc.(7)(22)(23) First lien senior secured loan L + 3.75% 12/1/2027 28,292 27,931 26,790 0.6 %
Five Star Lower Holding LLC(10) First lien senior secured loan SR + 4.25% 5/5/2029 21,875 21,584 20,891 0.4 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Kaseya Inc.(9)	First lien senior secured loan	SR +	6.25% (2.50% PIK)	06/2029	71,717		70,439		71,538		1.1	%
Kaseya Inc.(9)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.25% (2.50% PIK)	06/2024	265		225		265		0.0	%
Kaseya Inc.(9)(17)	First lien senior secured revolving loan	SR +	6.25% (2.50% PIK)	06/2029	1,085		1,011		1,075		0.0	%
KPSKY Acquisition, Inc. (dba BluSky)(10)	First lien senior secured loan	SR +	5.50%	10/2028	83,782		82,437		82,525		1.2	%

KPSKY Acquisition, Inc. (dba BluSky)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	06/2024	10,401		10,144		10,202		0.2	%
Packers Holdings, LLC(9)(22)	First lien senior secured loan	SR +	3.25%	03/2028	25,987		25,873		17,926		0.3	%
Ping Identity Holding Corp.(9)	First lien senior secured loan	SR +	7.00%	10/2029	21,818		21,514		21,600		0.3	%
Ping Identity Holding Corp.(9)(17)(18)	First lien senior secured revolving loan	SR +	7.00%	10/2028	—		(29)		(22)		0.0	%
					793,818		781,221		779,907		11.4	%
Chemicals
Aruba Investments Holdings LLC (dba Angus Chemical Company)(6)(22)	First lien senior secured loan	L +	4.00%	11/2027	$	13,832	$	13,615	$	13,324	0.2	%
Aruba Investments Holdings LLC (dba Angus Chemical Company)(6)	Second lien senior secured loan	L +	7.75%	11/2028	40,137		40,126		35,321		0.5	%
Cyanco Intermediate 2 Corp.(9)	First lien senior secured loan	SR +	4.75%	07/2028	22,000		21,340		21,340		0.3	%
Douglas Products and Packaging Company LLC(10)	First lien senior secured loan	SR +	7.00%	06/2025	24,310		24,115		24,188		0.4	%
Douglas Products and Packaging Company LLC(15)(17)	First lien senior secured revolving loan	P +	6.00%	06/2025	320		295		304		0.0	%
Gaylord Chemical Company, L.L.C.(10)	First lien senior secured loan	SR +	6.00%	03/2027	101,996		101,239		101,996		1.5	%

Gaylord Chemical Company, L.L.C.(10)(17)(18)	First lien senior secured revolving loan	SR +	6.00%	03/2026	—		(24)		—		0.0	%

Nouryon Finance B.V.(10)(22)(23)	First lien senior secured loan	SR +	4.00%	04/2028	3,000		2,993		2,969		0.0	%
Nouryon Finance B.V.(10)(22)(23)	First lien senior secured loan	SR +	2.75%	10/2025	4,983		4,867		4,977		0.1	%
Velocity HoldCo III Inc. (dba VelocityEHS)(10)	First lien senior secured loan	SR +	5.75%	04/2027	2,311		2,275		2,311		0.0	%
Velocity HoldCo III Inc. (dba VelocityEHS)(9)(17)	First lien senior secured revolving loan	SR +	5.75%	04/2026	94		93		94		0.0	%
					212,983		210,934		206,824		3.0	%
Consumer products
ConAir Holdings LLC(7)	Second lien senior secured loan	L +	7.50%	05/2029	$	32,500	$	32,077	$	30,550	0.5	%
Foundation Consumer Brands, LLC(10)	First lien senior secured loan	SR +	6.25%	02/2027	48,041		48,051		48,041		0.7	%
Foundation Consumer Brands, LLC(10)	First lien senior secured loan	SR +	6.25%	02/2027	60,000		58,204		60,000		0.9	%
Lignetics Investment Corp.(10)	First lien senior secured loan	SR +	6.00%	11/2027	84,859		84,047		83,798		1.2	%

Lignetics Investment Corp.(11)(17)	First lien senior secured revolving loan	SR +	6.00%	10/2026	11,088		10,993		10,945		0.2	%
Olaplex, Inc.(9)(22)(23)	First lien senior secured loan	SR +	3.50%	02/2029	49,434		48,705		46,097		0.7	%
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)	First lien senior secured loan	SR +	5.25%	03/2029	59,374		58,381		56,999		0.9	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Fortis Solutions Group, LLC(7) First lien senior secured loan L + 5.50% 10/13/2028 61,403 60,309 59,714 1.3 %
Fortis Solutions Group, LLC(7)(18)(20) First lien senior secured delayed draw term loan L + 5.50% 10/13/2023 4,149 4,045 3,996 0.1 %
Fortis Solutions Group, LLC(8)(18) First lien senior secured revolving loan L + 5.50% 10/15/2027 450 336 264 — %
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10) First lien senior secured loan SR + 5.75% 5/23/2028 82,344 81,563 82,138 1.7 %
Indigo Buyer, Inc. (dba Inovar Packaging Group)(18)(20) First lien senior secured delayed draw term loan SR + 5.75% 5/23/2024 — — — — %
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(18) First lien senior secured revolving loan SR + 5.75% 5/23/2028 2,117 1,997 2,085 — %
Pregis Topco LLC(7) Second lien senior secured loan L + 6.75% 8/1/2029 30,000 30,000 29,550 0.6 %
Pregis Topco LLC(7) Second lien senior secured loan L + 8.00% 8/1/2029 2,500 2,500 2,488 0.1 %
Ring Container Technologies Group, LLC(6)(23) First lien senior secured loan L + 3.75% 8/12/2028 26,078 25,994 25,079 0.5 %
Tricorbraun Holdings, Inc.(6)(22)(23) First lien senior secured loan L + 3.25% 3/3/2028 26,499 25,568 24,838 0.5 %
Valcour Packaging, LLC(6) First lien senior secured loan L + 3.75% 10/4/2028 9,950 9,913 9,925 0.2 %
393,686 388,361 383,242 8.0 %
Distribution
ABB/Con-cise Optical Group LLC(7) First lien senior secured loan L + 7.50% 2/23/2028 35,294 34,808 35,205 0.7 %
ABB/Con-cise Optical Group LLC(7)(18) First lien senior secured revolving loan L + 7.50% 2/23/2028 3,436 3,386 3,427 0.1 %
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9) First lien senior secured loan SR + 4.63% 6/11/2026 41,690 40,318 40,648 0.9 %
Dealer Tire, LLC(6)(23) First lien senior secured loan L + 4.25% 12/12/2025 9,008 8,980 8,749 0.2 %
Dealer Tire, LLC(17)(22)(23) Unsecured notes 8.00% 2/1/2028 56,120 54,883 49,526 1.1 %
Individual Foodservice Holdings, LLC(8) First lien senior secured loan L + 6.25% 11/21/2025 46,006 45,634 45,775 0.9 %
Individual Foodservice Holdings, LLC(8) First lien senior secured loan L + 6.25% 11/21/2025 18,252 18,106 18,161 0.4 %
Individual Foodservice Holdings, LLC(8)(18)(20) First lien senior secured delayed draw term loan L + 6.25% 11/30/2023 13,615 13,284 13,432 0.3 %
Individual Foodservice Holdings, LLC(18)(19) First lien senior secured revolving loan L + 6.25% 11/22/2024 — (1) — — %
SRS Distribution, Inc.(7)(23) First lien senior secured loan L + 3.50% 6/2/2028 34,799 34,442 32,024 0.7 %
White Cap Supply Holdings, LLC(9)(22)(23) First lien senior secured loan SR + 3.75% 10/19/2027 22,243 21,616 20,770 0.4 %
280,463 275,456 267,717 5.7 %
Education
CIG Emerald Holding LLC(10)(24) First lien senior secured loan SR + 5.50% 6/8/2027 79,000 78,073 78,605 1.7 %
Community Brands ParentCo, LLC(9) First lien senior secured loan SR + 5.75% 2/24/2028 31,716 31,140 30,923 0.7 %
Community Brands ParentCo, LLC(18)(19)(20) First lien senior secured delayed draw term loan SR + 5.75% 2/24/2024 — (34) (56) — %
Community Brands ParentCo, LLC(18)(19) First lien senior secured revolving loan SR + 5.75% 2/24/2028 — (34) (47) — %
Severin Acquisition, LLC (dba Powerschool)(9)(23) First lien senior secured loan SR + 3.00% 8/1/2025 19,807 19,770 19,195 0.4 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(17)	First lien senior secured revolving loan	SR +	5.25%	03/2029	5,161		5,070		4,937		0.1	%
					350,457		345,528		341,367		5.2	%
Containers and packaging
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10)	First lien senior secured loan	SR +	6.40%	10/2028	$	49,453	$	49,057	$	49,453	0.7	%
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10)(17)(18)	First lien senior secured revolving loan	SR +	6.40%	09/2027	—		(36)		—		0.0	%
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10)	First lien senior secured loan	SR +	6.40%	10/2028	30,540		29,984		30,540		0.5	%
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10)	First lien senior secured loan	SR +	6.75%	09/2028	8,955		8,787		8,955		0.1	%
Berlin Packaging L.L.C.(7)(22)	First lien senior secured loan	L +	3.75%	03/2028	14,933		14,584		14,663		0.2	%
BW Holding, Inc.(10)	First lien senior secured loan	SR +	4.00%	12/2028	14,005		13,848		12,768		0.2	%
Charter NEX US, Inc.(9)(22)	First lien senior secured loan	SR +	3.75%	12/2027	34,690		34,251		34,388		0.5	%
Five Star Lower Holding LLC(11)(22)	First lien senior secured loan	SR +	4.25%	05/2029	21,711		21,448		21,377		0.3	%
Fortis Solutions Group, LLC(10)	First lien senior secured loan	SR +	5.50%	10/2028	67,302		66,204		65,787		1.0	%

Fortis Solutions Group, LLC(10)(17)	First lien senior secured revolving loan	SR +	5.50%	10/2027	900		803		748		0.0	%
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)	First lien senior secured loan	SR +	6.25%	05/2028	113,316		112,329		113,316		1.7	%

Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(17)	First lien senior secured revolving loan	SR +	6.25%	05/2028	2,117		2,013		2,117		0.0	%
Pregis Topco LLC(9)(21)(22)	First lien senior secured loan	SR +	3.75%	07/2026	6,951		6,787		6,898		0.1	%
Pregis Topco LLC(6)	Second lien senior secured loan	L +	6.75%	08/2029	30,000		30,000		29,850		0.4	%
Pregis Topco LLC(6)	Second lien senior secured loan	L +	7.75%	08/2029	2,500		2,500		2,500		0.0	%
Ring Container Technologies Group, LLC(9)(22)	First lien senior secured loan	SR +	3.50%	08/2028	16,168		16,124		16,084		0.2	%
Tricorbraun Holdings, Inc.(9)(22)	First lien senior secured loan	SR +	3.25%	03/2028	17,463		17,077		16,978		0.3	%
					431,004		425,760		426,422		6.2	%
Distribution
ABB/Con-cise Optical Group LLC(10)	First lien senior secured loan	SR +	7.50%	02/2028	$	33,223	$	32,812	$	32,476	0.5	%
Aramsco, Inc.(9)	First lien senior secured loan	SR +	5.75%	08/2025	30,823		30,661		30,823		0.5	%

Aramsco, Inc.(9)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	08/2025	—		(15)		—		0.0	%

Aramsco, Inc.(9)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	04/2024	2,205		2,142		2,205		0.0	%
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9)(22)	First lien senior secured loan	SR +	4.75%	12/2028	54,992		54,452		54,794		0.8	%
Dealer Tire, LLC(9)(22)	First lien senior secured loan	SR +	4.50%	12/2027	5,023		5,029		4,998		0.1	%
Dealer Tire, LLC(16)(21)(22)	Unsecured notes		8.00%	02/2028	56,120		55,022		51,372		0.8	%
Formerra, LLC(10)	First lien senior secured loan	SR +	7.25%	11/2028	5,237		5,080		5,119		0.1	%
Formerra, LLC(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	7.25%	11/2023	157		151		153		0.0	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Sophia, L.P.(9) First lien senior secured loan SR + 4.00% 10/7/2027 24,938 24,705 24,875 0.5 %
Pluralsight, LLC(6) First lien senior secured loan L + 8.00% 4/6/2027 6,255 6,192 6,223 0.1 %
Pluralsight, LLC(18)(19) First lien senior secured revolving loan L + 8.00% 4/6/2027 — (4) (2) — %
161,716 159,808 159,716 3.4 %
Energy equipment and services
AZZ Inc.(10)(22)(24) First lien senior secured loan SR + 4.25% 5/13/2029 8,360 8,079 8,213 0.2 %
Brookfield WEC Holdings Inc.(9)(22)(23) First lien senior secured loan SR + 3.75% 8/1/2025 3,500 3,373 3,407 0.1 %
Pike Corp.(6)(22)(23) First lien senior secured loan L + 3.00% 1/21/2028 15,791 15,488 15,299 0.3 %
27,651 26,940 26,919 0.6 %
Financial services
Acuris Finance US, Inc. (ION Analytics) (10)(22)(23) First lien senior secured loan SR + 4.00% 2/16/2028 15,000 14,895 14,340 0.3 %
AllSpring Buyer(10)(22)(23) First lien senior secured loan SR + 3.75% 11/1/2028 5,000 4,808 4,903 0.1 %
AxiomSL Group, Inc.(6) First lien senior secured loan L + 6.00% 12/3/2027 34,919 34,620 34,308 0.7 %
AxiomSL Group, Inc.(18)(19)(20) First lien senior secured delayed draw term loan L + 6.00% 7/21/2023 — (9) (16) — %
AxiomSL Group, Inc.(18)(19) First lien senior secured revolving loan L + 6.50% 12/3/2025 — (19) (45) — %
Corporation Service Company(22) First lien senior secured loan SR + 3.25% 8/31/2029 3,000 2,910 2,910 0.1 %
Deerfield Dakota Holding, LLC(9)(22)(23) First lien senior secured loan SR + 3.75% 4/9/2027 5,925 5,921 5,580 0.1 %
Hg Genesis 9 Sumoco Limited(14)(24) Unsecured facility E + 7.00% PIK 3/10/2027 111,694 125,001 111,694 2.4 %
Hg Saturn LuchaCo Limited(15)(24) Unsecured facility SA + 7.50% PIK 3/30/2026 1,892 2,305 1,869 — %
Muine Gall, LLC(8)(24)(28) First lien senior secured loan L + 7.00% PIK 9/20/2024 90,061 90,498 88,710 1.9 %
NMI Acquisitionco, Inc. (dba Network Merchants)(6) First lien senior secured loan L + 5.75% 9/8/2025 8,495 8,429 8,367 0.2 %
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(18)(20) First lien senior secured delayed draw term loan L + 5.75% 10/2/2023 1,668 1,641 1,632 — %
NMI Acquisitionco, Inc. (dba Network Merchants)(18)(19)(20) First lien senior secured revolving loan L + 5.00% 9/6/2025 — (6) (8) — %
Smarsh Inc.(10) First lien senior secured loan SR + 6.50% 2/16/2029 83,048 82,274 81,802 1.7 %
Smarsh Inc.(18)(19)(20) First lien senior secured delayed draw term loan SR + 6.50% 2/19/2024 — (95) (104) — %
Smarsh Inc.(18)(19) First lien senior secured revolving loan SR + 6.50% 2/16/2029 — (47) (78) — %
360,702 373,126 355,864 7.5 %
Food and beverage
Balrog Acquisition, Inc. (dba Bakemark)(7) First lien senior secured loan L + 4.00% 9/5/2028 13,895 13,769 13,304 0.3 %
Balrog Acquisition, Inc. (dba BakeMark)(7) Second lien senior secured loan L + 7.00% 9/3/2029 6,000 5,955 5,880 0.1 %
CFS Brands, LLC(8) First lien senior secured loan L + 3.00% 3/20/2025 38,463 37,355 36,348 0.8 %
CFS Brands, LLC(18)(19)(20) First lien senior secured delayed draw term loan L + 3.00% 12/2/2022 — — (227) — %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Formerra, LLC(10)(17)	First lien senior secured revolving loan	SR +	7.25%	11/2028	47		32		36		0.0	%
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)	First lien senior secured loan	SR +	6.25%	11/2025	1,285		1,275		1,285		0.0	%
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)	First lien senior secured loan	SR +	6.25%	11/2025	62,487		62,102		62,487		0.9	%
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)	First lien senior secured loan	SR +	6.75%	11/2025	1,942		1,926		1,942		0.0	%



BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)	First lien senior secured delayed draw term loan	SR +	6.25%	11/2025	36,417		36,167		36,417		0.5	%
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	12/2023	1,046		980		1,046		0.0	%
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)(17)	First lien senior secured revolving loan	SR +	6.25%	11/2024	9		8		9		0.0	%
SRS Distribution, Inc.(6)(22)	First lien senior secured loan	L +	3.50%	06/2028	24,017		23,796		23,317		0.4	%

White Cap Supply Holdings, LLC(9)(22)	First lien senior secured loan	SR +	3.75%	10/2027	16,542		16,103		16,372		0.2	%
					331,572		327,723		324,851		4.8	%
Education
CIG Emerald Holding LLC(9)(23)	First lien senior secured loan	SR +	5.50%	06/2027	$	76,000	$	75,225	$	75,810	1.1	%
Community Brands ParentCo, LLC(9)	First lien senior secured loan	SR +	5.50%	02/2028	31,477		30,968		31,162		0.5	%
Community Brands ParentCo, LLC(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	02/2024	—		(29)		—		0.0	%
Community Brands ParentCo, LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	5.50%	02/2028	—		(29)		(19)		0.0	%
Severin Acquisition, LLC (dba Powerschool)(10)(22)	First lien senior secured loan	SR +	3.00%	08/2025	14,781		14,769		14,766		0.2	%
Sophia, L.P.(9)	First lien senior secured loan	SR +	4.25%	10/2027	15,037		14,914		14,999		0.2	%
Pluralsight, LLC(10)	First lien senior secured loan	SR +	8.00%	04/2027	6,255		6,209		6,161		0.1	%
Pluralsight, LLC(10)(17)	First lien senior secured revolving loan	SR +	8.00%	04/2027	196		194		190		0.0	%
Renaissance Learning, Inc.(10)(22)	First lien senior secured loan	SR +	4.75%	05/2025	20,000		19,455		19,726		0.3	%
					163,746		161,676		162,795		2.4	%
Energy equipment and services
Pike Corp.(9)(22)	First lien senior secured loan	SR +	3.00%	01/2028	$	5,991	$	5,977	$	5,960	0.1	%
					5,991		5,977		5,960		0.1	%
Financial services
Acuris Finance US, Inc. (ION Analytics) (10)(22)	First lien senior secured loan	SR +	4.00%	02/2028	$	10,500	$	10,435	$	10,354	0.2	%
Adenza Group, Inc.(9)	First lien senior secured loan	SR +	5.75%	12/2027	34,654		34,391		34,654		0.5	%
Adenza Group, Inc.(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	07/2023	—		(7)		—		0.0	%
Adenza Group, Inc.(9)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	12/2025	—		(15)		—		0.0	%
BTRS Holdings Inc. (dba Billtrust)(10)	First lien senior secured loan	SR +	8.00%	12/2028	10,850		10,545		10,633		0.2	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Dessert Holdings(7) First lien senior secured loan L + 4.00% 6/9/2028 19,850 19,759 18,361 0.4 %
Eagle Parent Corp.(10)(23) First lien senior secured loan SR + 4.25% 4/2/2029 7,463 7,286 7,245 0.2 %
Hissho Sushi Merger Sub LLC(10) First lien senior secured loan SR + 6.00% 5/18/2028 113,402 112,324 113,119 2.4 %
Hissho Sushi Merger Sub LLC(10)(18) First lien senior secured revolving loan SR + 6.00% 5/18/2028 583 501 561 — %
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(9) First lien senior secured loan SR + 6.25% 3/11/2027 275,000 270,243 267,439 5.6 %
KBP Brands, LLC(7) First lien senior secured loan L + 5.50% 5/26/2027 14,689 14,520 14,285 0.3 %
KBP Brands, LLC(6)(18)(20) First lien senior secured delayed draw term loan L + 5.50% 12/22/2023 33,280 32,866 32,271 0.7 %
Naked Juice LLC (dba Tropicana)(10)(23) First lien senior secured loan SR + 3.25% 1/24/2029 24,938 24,900 22,808 0.5 %
Ole Smoky Distillery, LLC(11) First lien senior secured loan SR + 5.25% 3/31/2028 24,972 24,507 24,348 0.5 %
Ole Smoky Distillery, LLC(18)(19) First lien senior secured revolving loan SR + 5.25% 3/31/2028 — (61) (83) — %
Pegasus BidCo B.V.(10)(22)(23)(24) First lien senior secured loan SR + 4.25% 7/12/2029 10,000 9,902 9,533 0.2 %
Shearer's Foods, LLC(6)(23) First lien senior secured loan L + 3.50% 9/23/2027 48,498 48,486 44,914 1.0 %
Sovos Brands Intermediate, Inc.(6)(23) First lien senior secured loan L + 3.50% 6/8/2028 10,145 10,136 9,638 0.2 %
Ultimate Baked Goods Midco, LLC(7) First lien senior secured loan L + 6.50% 8/13/2027 16,376 16,031 15,721 0.3 %
Ultimate Baked Goods Midco, LLC(7)(18) First lien senior secured revolving loan L + 6.50% 8/13/2027 1,400 1,359 1,320 — %
658,954 649,838 636,785 13.5 %
Healthcare equipment and services
Canadian Hospital Specialties Ltd.(13)(24) First lien senior secured loan C + 4.50% 4/14/2028 3,221 3,487 3,148 0.1 %
Canadian Hospital Specialties Ltd.(13)(18)(20)(24) First lien senior secured delayed draw term loan C + 4.50% 4/15/2023 234 250 220 — %
Canadian Hospital Specialties Ltd.(12)(18)(24) First lien senior secured revolving loan C + 4.50% 4/15/2027 236 257 228 — %
Confluent Medical Technologies, Inc.(10) First lien senior secured loan SR + 3.75% 2/16/2029 34,825 34,663 34,303 0.7 %
Confluent Medical Technologies, Inc.(10) Second lien senior secured loan SR + 6.50% 2/18/2030 46,000 45,133 45,310 1.0 %
Dermatology Intermediate Holdings III, Inc(9)(22) First lien senior secured loan SR + 4.25% 4/2/2029 23,111 22,675 22,822 0.5 %
Dermatology Intermediate Holdings III, Inc(9)(18)(20)(22) First lien senior secured delayed draw term loan SR + 4.25% 4/1/2024 1,833 1,820 1,810 — %
CSC MKG Topco LLC. (dba Medical Knowledge Group)(6) First lien senior secured loan L + 5.75% 2/1/2029 97,957 96,146 95,508 2.0 %
CSC MKG Topco LLC. (dba Medical Knowledge Group)(10) First lien senior secured loan SR + 5.75% 2/1/2029 3,092 2,994 3,015 0.1 %
Medline Borrower, LP(6)(23) First lien senior secured loan L + 3.25% 10/23/2028 31,218 30,803 28,652 0.6 %
Medline Borrower, LP(18)(19) First lien senior secured revolving loan L + 3.25% 10/21/2026 — (37) (202) — %
MJH Healthcare Holdings, LLC(9)(22) First lien senior secured loan SR + 3.50% 1/28/2029 23,741 23,658 23,325 0.5 %
Natus Medical Inc.(11)(22) First lien senior secured loan SR + 5.50% 7/20/2029 5,000 4,657 4,650 0.1 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
BTRS Holdings Inc. (dba Billtrust)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	8.00%	12/2024	221		221		202		0.0	%
BTRS Holdings Inc. (dba Billtrust)(9)(17)	First lien senior secured revolving loan	SR +	7.25%	12/2028	405		373		382		0.0	%
Computer Services, Inc. (dba CSI)(10)	First lien senior secured loan	SR +	6.75%	11/2029	30,424		29,853		30,043		0.4	%
Deerfield Dakota Holdings(10)(22)	First lien senior secured loan	SR +	3.75%	04/2027	7,959		7,726		7,709		0.1	%
Muine Gall, LLC(8)(23)(27)	First lien senior secured loan	L +	7.00% PIK	09/2026	47,857		48,154		47,498		0.7	%
NMI Acquisitionco, Inc. (dba Network Merchants)(9)	First lien senior secured loan	SR +	5.75%	09/2025	5,643		5,609		5,600		0.1	%
NMI Acquisitionco, Inc. (dba Network Merchants)(9)	First lien senior secured loan	SR +	5.75%	09/2025	2,133		2,128		2,117		0.0	%
NMI Acquisitionco, Inc. (dba Network Merchants)(9)	First lien senior secured loan	SR +	5.75%	09/2025	150		149		149		0.0	%
NMI Acquisitionco, Inc. (dba Network Merchants)(9)	First lien senior secured loan	SR +	5.75%	09/2025	505		502		502		0.0	%
NMI Acquisitionco, Inc. (dba Network Merchants)(9)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	10/2023	1,989		1,967		1,974		0.0	%
NMI Acquisitionco, Inc. (dba Network Merchants)(9)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	09/2025	—		(5)		(4)		0.0	%
Smarsh Inc.(11)	First lien senior secured loan	SR +	6.50%	02/2029	83,048		82,340		82,632		1.2	%
Smarsh Inc.(11)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.50%	02/2024	10,381		10,203		10,329		0.2	%
Smarsh Inc.(11)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	02/2029	—		(7)		(4)		0.0	%
					246,719		244,562		244,770		3.6	%
Food and beverage
Balrog Acquisition, Inc. (dba Bakemark)(10)(22)	First lien senior secured loan	SR +	4.00%	09/2028	$	13,790	$	13,678	$	13,587	0.2	%
Balrog Acquisition, Inc. (dba BakeMark)(10)	Second lien senior secured loan	SR +	7.00%	09/2029	6,000		5,958		5,940		0.1	%
CFS Brands, LLC(9)	First lien senior secured loan	SR +	3.00%	03/2025	44,071		43,132		41,648		0.6	%
Dessert Holdings(7)	First lien senior secured loan	L +	4.00%	06/2028	19,699		19,619		18,025		0.3	%
Hissho Sushi Merger Sub LLC(10)	First lien senior secured loan	SR +	5.50%	05/2028	112,549		111,591		112,549		1.7	%
Hissho Sushi Merger Sub LLC(10)(17)	First lien senior secured revolving loan	SR +	5.50%	05/2028	583		512		583		0.0	%
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(9)	First lien senior secured loan	SR +	6.25%	03/2027	275,000		270,978		270,189		4.0	%


KBP Brands, LLC(10)	First lien senior secured loan	SR +	7.00% (1.50% PIK)	05/2027	14,673		14,527		14,416		0.2	%
KBP Brands, LLC(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	7.00% (1.50% PIK)	12/2023	33,554		33,232		32,954		0.5	%
Naked Juice LLC (dba Tropicana)(10)(22)	First lien senior secured loan	SR +	3.25%	01/2029	14,230		14,207		13,209		0.2	%
Ole Smoky Distillery, LLC(9)	First lien senior secured loan	SR +	5.00%	03/2028	24,784		24,373		24,412		0.4	%
Ole Smoky Distillery, LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	5.00%	03/2028	—		(52)		(50)		0.0	%
Pegasus BidCo B.V.(10)(23)	First lien senior secured loan	SR +	4.25%	07/2029	10,448		10,353		10,395		0.2	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Packaging Coordinators Midco, Inc.(7) Second lien senior secured loan L + 7.00% 12/13/2029 53,918 52,360 51,222 1.1 %
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(24) First lien senior secured loan SR + 6.75% 1/31/2028 51,030 50,339 50,265 1.1 %
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(18)(19)(24) First lien senior secured revolving loan SR + 6.75% 1/29/2026 — (1) (1) — %
Rhea Parent, Inc.(10) First lien senior secured loan SR + 5.75% 2/19/2029 77,573 76,131 75,634 1.6 %
452,989 445,335 439,909 9.4 %
Healthcare providers and services
Covetrus, Inc.(10) First lien senior secured loan SR + 5.00% 9/20/2029 25,000 23,501 23,501 0.5 %
Ex Vivo Parent Inc. (dba OB Hospitalist)(7) First lien senior secured loan L + 9.50% 9/27/2028 30,503 29,956 29,969 0.6 %
Natural Partners, LLC(8)(24) First lien senior secured loan L + 6.00% 11/29/2027 68,852 67,598 67,303 1.4 %
Natural Partners, LLC(18)(19)(24) First lien senior secured revolving loan L + 6.00% 11/29/2027 — (92) (114) — %
OB Hospitalist Group, Inc.(7) First lien senior secured loan L + 5.50% 9/27/2027 61,193 60,143 60,582 1.3 %
OB Hospitalist Group, Inc.(7)(18) First lien senior secured revolving loan L + 5.50% 9/27/2027 1,599 1,466 1,519 — %
Pacific BidCo Inc.(10)(24) First lien senior secured loan SR + 5.75% 8/13/2029 161,148 157,188 157,119 3.3 %
Pacific BidCo Inc.(18)(19)(24) First lien senior secured delayed draw term loan SR + 5.75% 8/13/2029 — (219) (224) — %
Phoenix Newco, Inc. (dba Parexel)(6)(23) First lien senior secured loan L + 3.25% 11/15/2028 27,363 27,240 26,063 0.6 %
Phoenix Newco, Inc. (dba Parexel)(6) Second lien senior secured loan L + 6.50% 11/15/2029 140,000 138,666 136,500 2.9 %
Plasma Buyer LLC (dba Pathgroup)(10) First lien senior secured loan SR + 5.75% 5/14/2029 110,132 108,024 108,755 2.3 %
Plasma Buyer LLC (dba Pathgroup)(18)(19)(20) First lien senior secured delayed draw term loan SR + 5.75% 5/13/2024 — (270) (71) — %
Plasma Buyer LLC (dba Pathgroup)(18)(19) First lien senior secured revolving loan SR + 5.75% 5/12/2028 — (229) (153) — %
Pediatric Associates Holding Company, LLC(8)(22) First lien senior secured loan L + 3.25% 12/29/2028 23,330 23,247 22,864 0.5 %
Pediatric Associates Holding Company, LLC(8)(18)(20)(22) First lien senior secured delayed draw term loan L + 3.25% 2/11/2024 1,767 1,763 1,705 — %
Physician Partners, LLC(9)(23) First lien senior secured loan SR + 4.00% 12/26/2028 22,885 22,631 21,455 0.5 %
Premise Health Holding(11)(22) First lien senior secured loan SR + 4.75% 7/10/2025 3,242 3,183 3,201 0.1 %
PPV Intermediate Holdings, LLC(11) First lien senior secured loan SR + 5.75% 8/31/2029 129,025 126,513 126,445 2.7 %
PPV Intermediate Holdings, LLC(18)(19) First lien senior secured revolving loan SR + 5.75% 8/31/2029 — (234) (237) — %
PPV Intermediate Holdings, LLC(10)(18) First lien senior secured delayed draw term loan SR + 5.75% 8/31/2029 2,803 2,390 2,431 0.1 %
TC Holdings, LLC (dba TrialCard)(10) First lien senior secured loan SR + 5.00% 4/14/2027 64,570 63,976 64,409 1.4 %
TC Holdings, LLC (dba TrialCard)(18)(19) First lien senior secured revolving loan SR + 5.00% 4/14/2027 — (70) (19) — %
Tivity Health, Inc(10) First lien senior secured loan SR + 6.00% 6/28/2029 152,000 148,324 149,720 3.2 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Shearer's Foods, LLC(9)(22)	First lien senior secured loan	SR +	3.50%	09/2027	39,365		39,364		38,826		0.6	%
Sovos Brands Intermediate, Inc.(7)(22)	First lien senior secured loan	L +	3.50%	06/2028	10,145		10,137		10,018		0.1	%
Ultimate Baked Goods Midco, LLC(9)	First lien senior secured loan	SR +	6.25%	08/2027	16,253		15,952		16,049		0.2	%
Ultimate Baked Goods Midco, LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	08/2027	—		(34)		(25)		0.0	%
					635,144		627,527		622,725		9.3	%
Healthcare equipment and services
Canadian Hospital Specialties Ltd.(12)(23)	First lien senior secured loan	C +	4.50%	04/2028	$	3,709	$	3,875	$	3,636	0.0	%



Canadian Hospital Specialties Ltd.(15)(17)(23)	First lien senior secured revolving loan	P +	3.50%	04/2027	164		171		146		0.0	%
Confluent Medical Technologies, Inc.(10)	First lien senior secured loan	SR +	3.75%	02/2029	24,850		24,745		24,477		0.4	%
Confluent Medical Technologies, Inc.(10)	Second lien senior secured loan	SR +	6.50%	02/2030	46,000		45,194		45,195		0.7	%
Dermatology Intermediate Holdings III, Inc.(10)(22)	First lien senior secured loan	SR +	4.25%	03/2029	13,038		12,813		12,868		0.2	%
Dermatology Intermediate Holdings III, Inc.(10)(17)(19)(22)	First lien senior secured delayed draw term loan	SR +	4.25%	04/2024	2,426		2,363		2,394		0.0	%
CSC MKG Topco LLC. (dba Medical Knowledge Group)(9)	First lien senior secured loan	SR +	5.75%	02/2029	97,220		95,583		95,762		1.4	%
CSC MKG Topco LLC. (dba Medical Knowledge Group)(10)	First lien senior secured loan	SR +	5.75%	02/2029	3,069		2,980		3,023		0.0	%
Medline Borrower, LP(9)(22)	First lien senior secured loan	SR +	3.25%	10/2028	24,688		24,591		24,386		0.4	%
Medline Borrower, LP(9)(17)(18)	First lien senior secured revolving loan	SR +	3.25%	10/2026	—		(29)		(56)		0.0	%
Natus Medical Inc.(10)	First lien senior secured loan	SR +	5.50%	07/2029	498		466		473		0.0	%
Packaging Coordinators Midco, Inc.(7)(22)	First lien senior secured loan	L +	3.50%	11/2027	4,738		4,660		4,663		0.1	%
Packaging Coordinators Midco, Inc.(7)	Second lien senior secured loan	L +	7.00%	12/2029	53,918		52,470		52,031		0.8	%
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(23)	First lien senior secured loan	SR +	6.75%	01/2028	50,645		50,035		50,013		0.7	%

Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(17)(18)(23)	First lien senior secured revolving loan	SR +	6.75%	01/2026	—		(1)		(1)		0.0	%
PERKINELMER U.S. LLC(10)	First lien senior secured loan	SR +	6.75%	03/2029	78,094		76,589		76,728		1.1	%
Rhea Parent, Inc.(10)	First lien senior secured loan	SR +	5.75%	02/2029	76,990		75,684		76,220		1.1	%
Zest Acquisition Corp.(9)(21)(22)	First lien senior secured loan	SR +	5.50%	02/2028	11,844		11,316		11,356		0.2	%
					491,891		483,505		483,314		7.1	%
Healthcare providers and services
BELMONT BUYER, INC. (dba Valenz)(10)	First lien senior secured loan	SR +	6.50%	06/2029	$	56,301	$	55,178	$	55,175	0.8	%
BELMONT BUYER, INC. (dba Valenz)(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.50%	12/2024	—		(99)		(66)		0.0	%
BELMONT BUYER, INC. (dba Valenz)(10)(17)	First lien senior secured revolving loan	SR +	6.50%	06/2029	725		592		592		0.0	%
Covetrus, Inc.(10)(22)	First lien senior secured loan	SR +	5.00%	10/2029	10,464		9,932		9,723		0.1	%
Covetrus Inc.(10)	Second lien senior secured loan	SR +	9.25%	10/2030	160,000		156,906		154,800		2.3	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Unified Women's Healthcare, LP(9) First lien senior secured loan SR + 5.50% 6/18/2029 78,836 78,264 78,836 1.7 %
Unified Women's Healthcare, LP(18)(19)(20) First lien senior secured delayed draw term loan SR + 5.50% 6/17/2024 — (36) — — %
Unified Women's Healthcare, LP(18)(19) First lien senior secured revolving loan SR + 5.50% 6/18/2029 — (58) — — %
Quva Pharma, Inc. (7) First lien senior secured loan L + 5.50% 4/12/2028 4,500 4,388 4,388 0.1 %
Quva Pharma, Inc. (8)(18) First lien senior secured revolving loan L + 5.50% 4/10/2026 200 190 189 — %
Diagnostic Services Holdings, Inc. (dba Rayus Radiology)(6) First lien senior secured loan L + 5.50% 3/17/2025 120,215 120,215 119,613 2.6 %
Vermont Aus Pty Ltd.(10)(24) First lien senior secured loan SR + 5.65% 3/22/2028 54,228 52,973 52,736 1.1 %
1,283,391 1,260,631 1,258,485 26.9 %
Healthcare technology
Athenahealth Group Inc.(9)(23) First lien senior secured loan SR + 3.50% 2/15/2029 34,117 33,959 30,501 0.6 %
Athenahealth Group Inc.(18)(19)(20)(23) First lien senior secured delayed draw term loan SR + 3.50% 8/15/2023 — (3) (586) — %
BCPE Osprey Buyer, Inc. (dba PartsSource)(7) First lien senior secured loan L + 5.75% 8/23/2028 53,903 53,154 52,690 1.1 %
BCPE Osprey Buyer, Inc. (dba PartsSource)(18)(19)(20) First lien senior secured delayed draw term loan L + 5.75% 8/23/2023 — (198) (349) — %
BCPE Osprey Buyer, Inc. (dba PartsSource)(18)(19) First lien senior secured revolving loan L + 5.75% 8/21/2026 — (58) (105) — %
Engage Debtco Limited(9)(24) First lien senior secured loan SR + 5.75% 7/13/2029 80,583 78,616 78,569 1.7 %
IMO Investor Holdings, Inc.(10) First lien senior secured loan SR + 6.00% 5/11/2029 20,846 20,447 20,585 0.4 %
IMO Investor Holdings, Inc.(18)(19)(20) First lien senior secured delayed draw term loan SR + 6.00% 5/13/2024 — (47) (12) — %
IMO Investor Holdings, Inc.(10)(18) First lien senior secured revolving loan SR + 6.00% 5/11/2028 298 251 267 — %
Interoperability Bidco, Inc. (dba Lyniate)(10) First lien senior secured loan SR + 7.00% 12/24/2026 76,139 75,697 75,378 1.6 %
Interoperability Bidco, Inc. (dba Lyniate)(18)(19) First lien senior secured revolving loan SR + 7.00% 12/26/2024 — (17) (35) — %
GI Ranger Intermediate, LLC (dba Rectangle Health)(10) First lien senior secured loan SR + 6.00% 10/30/2028 20,869 20,497 20,348 0.5 %
GI Ranger Intermediate, LLC (dba Rectangle Health)(18)(19)(20) First lien senior secured delayed draw term loan SR + 6.00% 10/29/2023 — (91) (150) — %
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(18) First lien senior secured revolving loan SR + 6.00% 10/29/2027 167 139 125 — %
Imprivata, Inc.(9)(23) First lien senior secured loan SR + 4.25% 12/1/2027 20,369 19,783 19,650 0.4 %
Imprivata, Inc.(9) Second lien senior secured loan SR + 6.25% 12/1/2028 50,294 49,791 49,413 1.0 %
Inovalon Holdings, Inc.(7) First lien senior secured loan L + 6.25% (incl. 2.75% PIK) 11/24/2028 80,936 79,156 78,508 1.7 %
Inovalon Holdings, Inc.(18)(19)(20) First lien senior secured delayed draw term loan L + 3.50% 5/24/2024 — (93) (148) — %
Inovalon Holdings, Inc.(7) Second lien senior secured loan L + 10.50% PIK 11/24/2033 41,190 40,461 40,366 0.9 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)	Fair Value	Percentage of Net Assets
Ex Vivo Parent Inc. (dba OB Hospitalist)(7)	First lien senior secured loan	L +	9.75% PIK	09/2028	32,720	32,220	31,902	0.5	%
Engage Debtco Ltd.(10)(23)	First lien senior secured loan	SR +	5.90%	07/2029	60,833	59,470	59,768	0.9	%
Engage Debtco Ltd.(10)(23)	First lien senior secured loan	SR +	5.90%	07/2029	30,367	29,506	30,139	0.5	%
Engage Debtco Ltd.(10)(23)	First lien senior secured delayed draw term loan	SR +	5.75%	07/2029	19,750	19,320	19,405	0.3	%
HAH Group Holding Company LLC (dba Help at Home)(10)	First lien senior secured delayed draw term loan	SR +	5.00%	10/2027	8,986	8,733	8,761	0.1	%
MJH Healthcare Holdings, LLC(9)	First lien senior secured loan	SR +	3.50%	01/2029	19,750	19,684	19,553	0.3	%
Natural Partners, LLC(10)(23)	First lien senior secured loan	SR +	6.00%	11/2027	68,333	67,232	67,650	1.0	%
Natural Partners, LLC(10)(17)(18)(23)	First lien senior secured revolving loan	SR +	6.00%	11/2027	—	(78)	(51)	0.0	%
OB Hospitalist Group, Inc.(9)	First lien senior secured loan	SR +	5.50%	09/2027	60,730	59,814	59,667	0.9	%
OB Hospitalist Group, Inc.(10)(17)	First lien senior secured revolving loan	SR +	5.50%	09/2027	3,517	3,404	3,377	0.1	%
OneOncology LLC(10)	First lien senior secured loan	SR +	6.25%	06/2030	71,345	70,281	70,211	1.0	%
OneOncology LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	06/2029	—	(212)	(227)	0.0	%
OneOncology LLC(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.25%	12/2024	—	(166)	(91)	0.0	%
Pacific BidCo Inc.(10)(23)	First lien senior secured loan	SR +	5.75%	08/2029	161,148	157,498	158,731	2.4	%
Pacific BidCo Inc.(10)(17)(18)(19)(23)	First lien senior secured delayed draw term loan	SR +	5.75%	08/2025	—	(195)	(45)	0.0	%
Phoenix Newco, Inc. (dba Parexel)(9)(22)	First lien senior secured loan	SR +	3.25%	11/2028	19,750	19,671	19,572	0.3	%
Phoenix Newco, Inc. (dba Parexel)(9)	Second lien senior secured loan	SR +	6.50%	11/2029	140,000	138,765	138,950	2.1	%
Physician Partners, LLC(10)(22)	First lien senior secured loan	SR +	4.00%	12/2028	12,813	12,706	12,012	0.2	%
Plasma Buyer LLC (dba Pathgroup)(10)	First lien senior secured loan	SR +	5.75%	05/2029	109,306	107,390	106,573	1.6	%
Plasma Buyer LLC (dba Pathgroup)(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	05/2024	—	(239)	(428)	0.0	%
Plasma Buyer LLC (dba Pathgroup)(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	05/2028	—	(198)	(306)	0.0	%
Pediatric Associates Holding Company, LLC(9)(22)	First lien senior secured loan	SR +	3.25%	12/2028	19,750	19,679	19,282	0.3	%
Pediatric Associates Holding Company, LLC(9)	First lien senior secured loan	SR +	4.50%	12/2028	25,000	24,014	24,875	0.4	%
Pediatric Associates Holding Company, LLC(9)(17)(19)(22)	First lien senior secured delayed draw term loan	SR +	3.25%	02/2024	2,991	2,981	2,911	0.0	%
PPV Intermediate Holdings, LLC(10)	First lien senior secured loan	SR +	5.75%	08/2029	163,397	160,454	161,354	2.4	%
PPV Intermediate Holdings, LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	08/2029	—	(209)	(148)	0.0	%
TC Holdings, LLC (dba TrialCard)(11)	First lien senior secured loan	SR +	5.00%	04/2027	64,085	63,577	64,085	1.0	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Intelerad Medical Systems Inc.(10)(24) First lien senior secured loan SR + 6.50% 8/21/2026 30,157 29,837 30,006 0.6 %
Intelerad Medical Systems Inc.(10)(18)(24) First lien senior secured revolving loan SR + 6.50% 8/21/2026 744 744 738 — %
PointClickCare Technologies Inc.(10)(24) First lien senior secured loan SR + 4.00% 12/29/2027 19,900 19,625 19,552 0.4 %
Verscend Holding Corp.(6)(22)(23) First lien senior secured loan L + 4.00% 8/27/2025 9,969 9,722 9,645 0.2 %
Project Ruby Ultimate Parent Corp. (dba Wellsky)(6)(23) First lien senior secured loan L + 3.25% 3/10/2028 4,433 4,415 4,126 0.1 %
544,914 535,787 529,082 11.2 %
Household products
Aptive Environmental, LLC(17) First lien senior secured loan 12.00% (incl. 6.00% PIK) 1/23/2026 8,431 6,962 7,188 0.2 %
Mario Purchaser, LLC (dba Len the Plumber)(9) First lien senior secured loan SR + 5.75% 4/26/2029 76,093 74,644 75,141 1.6 %
Mario Purchaser, LLC (dba Len the Plumber)(9)(18)(20) First lien senior secured delayed draw term loan SR + 5.75% 4/25/2024 11,789 11,295 11,571 0.2 %
Mario Purchaser, LLC (dba Len the Plumber)(18)(19) First lien senior secured revolving loan SR + 5.75% 4/26/2028 — (149) (100) — %
LTP Holdco, LLC (dba Len the Plumber)(9) Unsecured facility SR + 10.75% PIK 4/26/2032 22,905 22,269 22,504 0.5 %
Simplisafe Holding Corporation(9) First lien senior secured loan SR + 6.25% 4/30/2027 128,074 125,660 126,473 2.7 %
Simplisafe Holding Corporation(18)(19)(20) First lien senior secured delayed draw term loan SR + 6.25% 5/2/2024 — (149) (40) — %
Southern Air & Heat Holdings, LLC(7) First lien senior secured loan L + 4.50% 10/1/2027 1,082 1,068 1,058 — %
Southern Air & Heat Holdings, LLC(7)(18)(20) First lien senior secured delayed draw term loan L + 4.50% 10/1/2023 327 313 302 — %
Southern Air & Heat Holdings, LLC(7)(18) First lien senior secured revolving loan L + 4.50% 10/1/2027 79 75 73 — %
Walker Edison Furniture Company LLC(7)(33) First lien senior secured loan L + 8.75% (incl. 3.00% PIK) 3/31/2027 10,147 9,867 7,002 0.1 %
258,927 251,855 251,172 5.3 %
Human resource support services
Cornerstone OnDemand, Inc.(6)(22) First lien senior secured loan L + 3.75% 10/16/2028 19,900 19,812 18,855 0.4 %
Cornerstone OnDemand, Inc.(6) Second lien senior secured loan L + 6.50% 10/15/2029 44,583 43,975 42,689 0.9 %
IG Investments Holdings, LLC (dba Insight Global)(7) First lien senior secured loan L + 6.00% 9/22/2028 48,153 47,324 47,311 1.0 %
IG Investments Holdings, LLC (dba Insight Global)(18)(19) First lien senior secured revolving loan L + 6.00% 9/22/2027 — (60) (63) — %
112,636 111,051 108,792 2.3 %
Infrastructure and environmental services
Aegion Corp.(6)(22) First lien senior secured loan L + 4.75% 5/17/2028 4,950 4,930 4,554 0.1 %
The Goldfield Corp.(9) First lien senior secured loan SR + 6.25% 12/30/2026 998 979 985 — %
Osmose Utilities Services, Inc.(6)(22)(23) First lien senior secured loan L + 3.25% 6/23/2028 24,623 24,566 22,530 0.5 %
USIC Holdings, Inc.(6)(22)(23) First lien senior secured loan L + 3.50% 5/12/2028 7,935 7,900 7,416 0.2 %
USIC Holdings, Inc.(6)(22)(23) Second lien senior secured loan L + 6.50% 5/14/2029 39,691 39,475 36,250 0.8 %
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(11) First lien senior secured loan SR + 5.50% 3/13/2028 32,528 31,927 31,796 0.7 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
TC Holdings, LLC (dba TrialCard)(11)(17)(18)	First lien senior secured revolving loan	SR +	5.00%	04/2027	—		(59)		—		0.0	%
Tivity Health, Inc.(10)	First lien senior secured loan	SR +	6.00%	06/2029	150,860		147,505		149,729		2.2	%
Unified Women's Healthcare, LP(9)	First lien senior secured loan	SR +	5.25%	06/2029	82,955		82,405		82,955		1.2	%
Unified Women's Healthcare, LP(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.25%	06/2024	—		(2)		—		0.0	%
Unified Women's Healthcare, LP(9)(17)(18)	First lien senior secured revolving loan	SR +	5.25%	06/2029	—		(52)		—		0.0	%
Quva Pharma, Inc. (9)	First lien senior secured loan	SR +	5.50%	04/2028	4,466		4,367		4,399		0.1	%
Quva Pharma, Inc. (9)(17)	First lien senior secured revolving loan	SR +	5.50%	04/2026	209		202		202		0.0	%
Diagnostic Services Holdings, Inc. (dba Rayus Radiology)(9)	First lien senior secured loan	SR +	5.50%	03/2025	119,988		119,988		119,088		1.8	%



Vermont Aus Pty Ltd.(10)(23)	First lien senior secured loan	SR +	5.50%	03/2028	53,819		52,708		53,011		0.8	%
					1,734,358		1,704,673		1,707,090		25.6	%
Healthcare technology
Athenahealth Group Inc.(9)(22)	First lien senior secured loan	SR +	3.50%	02/2029	$	29,485	$	29,103	$	28,344	0.4	%
Athenahealth Group Inc.(9)(17)(18)(19)(22)	First lien senior secured delayed draw term loan	SR +	3.50%	08/2023	—		(39)		(122)		0.0	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)	First lien senior secured loan	L +	5.75%	08/2028	53,496		52,825		52,560		0.8	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	5.75%	08/2023	—		(173)		(194)		0.0	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)(17)	First lien senior secured revolving loan	L +	5.75%	08/2026	1,759		1,712		1,677		0.0	%
Bracket Intermediate Holding Corp.(10)	First lien senior secured loan	SR +	5.00%	05/2028	50,000		48,537		49,000		0.7	%
Color Intermediate, LLC (dba ClaimsXten)(9)	First lien senior secured loan	SR +	5.50%	10/2029	9,211		9,041		9,096		0.1	%
IMO Investor Holdings, Inc.(10)	First lien senior secured loan	SR +	6.00%	05/2029	20,690		20,327		20,534		0.3	%
IMO Investor Holdings, Inc.(11)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.00%	05/2024	1,337		1,282		1,327		0.0	%
IMO Investor Holdings, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	6.00%	05/2028	—		(40)		(19)		0.0	%
Interoperability Bidco, Inc. (dba Lyniate)(10)	First lien senior secured loan	SR +	7.00%	12/2026	75,565		75,194		74,809		1.1	%

Interoperability Bidco, Inc. (dba Lyniate)(10)(17)	First lien senior secured revolving loan	SR +	7.00%	12/2024	1,805		1,762		1,745		0.0	%
GHX Ultimate Parent Corporation(10)(22)	First lien senior secured loan	SR +	4.75%	06/2027	12,500		12,197		12,508		0.2	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)	First lien senior secured loan	SR +	5.75%	10/2028	20,712		20,378		20,349		0.3	%

GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	03/2024	2,382		2,281		2,283		0.0	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(17)	First lien senior secured revolving loan	SR +	5.75%	10/2027	669		645		640		0.0	%
Imprivata, Inc.(9)(22)	First lien senior secured loan	SR +	4.25%	12/2027	10,503		10,213		10,340		0.2	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(18)(19) First lien senior secured revolving loan SR + 5.50% 3/13/2028 — (97) (120) — %
110,725 109,680 103,411 2.3 %
Insurance
Alera Group, Inc.(10) First lien senior secured loan SR + 6.50% 10/2/2028 103,960 101,898 103,181 2.2 %
Alera Group, Inc.(10)(18)(20) First lien senior secured delayed draw term loan SR + 6.50% 10/2/2023 34,973 34,223 34,711 0.7 %
AmeriLife Holdings LLC(10) First lien senior secured loan SR + 5.75% 8/31/2029 130,182 127,600 127,578 2.7 %
AmeriLife Holdings LLC(18)(19) First lien senior secured revolving loan SR + 5.75% 8/31/2028 — (321) (325) — %
AmeriLife Holdings LLC(18)(19) First lien senior secured delayed draw term loan SR + 5.75% 8/31/2029 — (322) (325) — %
AssuredPartners, Inc.(6)(22)(23) First lien senior secured loan L + 3.50% 2/12/2027 7,900 7,900 7,466 0.2 %
AssuredPartners, Inc.(9)(22)(23) First lien senior secured loan SR + 3.50% 2/12/2027 24,875 24,820 23,507 0.5 %
Asurion, LLC(6)(23) Second lien senior secured loan L + 5.25% 1/22/2029 154,017 150,277 117,053 2.5 %
Brightway Holdings, LLC(6) First lien senior secured loan L + 6.50% 12/16/2027 17,805 17,607 17,449 0.4 %
Brightway Holdings, LLC(18)(19) First lien senior secured revolving loan L + 6.50% 12/16/2027 — (23) (42) — %
Evolution BuyerCo, Inc. (dba SIAA)(7) First lien senior secured loan L + 6.25% 4/28/2028 8,964 8,857 8,807 0.2 %
Evolution BuyerCo, Inc. (dba SIAA)(7)(18)(20) First lien senior secured delayed draw term loan L + 6.25% 6/16/2023 10,509 10,412 10,274 0.2 %
Evolution BuyerCo, Inc. (dba SIAA)(18)(19) First lien senior secured revolving loan L + 6.25% 4/30/2027 — (7) (12) — %
Hub International Limited(6)(22)(23) First lien senior secured loan L + 3.25% 4/25/2025 9,949 9,943 9,570 0.2 %
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(8) First lien senior secured loan L + 9.50% PIK 7/24/2028 13,235 13,018 13,036 0.3 %
KWOR Acquisition, Inc. (dba Alacrity Solutions)(18)(19)(20) First lien senior secured delayed draw term loan L + 5.25% 6/22/2024 — (84) (22) — %
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(8) First lien senior secured loan L + 6.00% 11/1/2028 133,987 132,641 133,650 2.9 %
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)(18)(20) First lien senior secured delayed draw term loan SR + 6.00% 12/15/2023 53,514 53,074 53,380 1.1 %
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(18)(19) First lien senior secured revolving loan SR + 6.00% 11/1/2027 — (22) (6) — %
PCF Midco II, LLC (dba PCF Insurance Services)(17) First lien senior secured loan 9.00% PIK 10/31/2031 48,147 44,167 43,332 0.9 %
Tempo Buyer Corp. (dba Global Claims Services)(7) First lien senior secured loan L + 5.50% 8/28/2028 36,250 35,617 35,253 0.7 %
Tempo Buyer Corp. (dba Global Claims Services)(18)(19)(20) First lien senior secured delayed draw term loan L + 5.50% 8/26/2023 — (87) (181) — %
Tempo Buyer Corp. (dba Global Claims Services)(16)(18) First lien senior secured revolving loan P + 4.50% 8/26/2027 310 225 168 — %
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(7) First lien senior secured loan L + 5.50% 7/23/2027 14,942 14,692 14,568 0.3 %
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(18)(19) First lien senior secured revolving loan L + 5.50% 7/23/2027 — (18) (27) — %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Imprivata, Inc.(9)	Second lien senior secured loan	SR +	6.25%	12/2028	50,294		49,791		49,539		0.7	%
Ocala Bidco, Inc.(7)	First lien senior secured loan	L +	6.25% (2.75% PIK)	11/2028	82,636		81,029		81,190		1.2	%
Ocala Bidco, Inc.(7)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	5.75%	05/2024	—		(82)		(42)		0.0	%
Ocala Bidco, Inc.(10)	Second lien senior secured loan	SR +	10.50% PIK	11/2033	46,052		45,343		45,591		0.7	%
Intelerad Medical Systems Inc.(10)(23)	First lien senior secured loan	SR +	6.50%	08/2026	29,929		29,663		29,555		0.4	%
Intelerad Medical Systems Inc.(10)(17)(23)	First lien senior secured revolving loan	SR +	6.50%	08/2026	899		886		874		0.0	%
PointClickCare Technologies Inc.(10)(23)	First lien senior secured loan	SR +	4.00%	12/2027	19,750		19,509		19,750		0.3	%
Project Ruby Ultimate Parent Corp. (dba Wellsky)(9)(22)	First lien senior secured loan	SR +	3.25%	03/2028	14,323		13,889		13,983		0.2	%
Zelis Cost Management Buyer, Inc.(6)(22)	First lien senior secured loan	L +	3.50%	09/2026	4,875		4,844		4,867		0.1	%
					538,872		530,117		530,184		7.7	%
Household products
Aptive Environmental, LLC(16)	First lien senior secured loan		12.00% (6.00% PIK)	01/2026	$	8,821	$	7,630	$	8,314	0.1	%
Home Service TopCo IV, Inc.(9)	First lien senior secured loan	SR +	6.00%	12/2027	36,471		36,110		36,107		0.5	%
Home Service TopCo IV, Inc.(17)(18)	First lien senior secured revolving loan	SR +	6.00%	12/2027	—		(33)		(34)		0.0	%
Home Service TopCo IV, Inc.(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.00%	12/2024	—		(42)		(42)		0.0	%
Mario Purchaser, LLC (dba Len the Plumber)(9)	First lien senior secured loan	SR +	5.75%	04/2029	75,522		74,206		75,144		1.1	%
Mario Purchaser, LLC (dba Len the Plumber)(9)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	04/2024	18,382		17,881		18,290		0.3	%
Mario Purchaser, LLC (dba Len the Plumber)(9)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	04/2028	—		(129)		(40)		0.0	%
Mario Midco Holdings, Inc. (dba Len the Plumber)(9)	Unsecured facility	SR +	10.75% PIK	04/2032	25,687		25,075		25,494		0.4	%
Simplisafe Holding Corporation(9)	First lien senior secured loan	SR +	6.25%	05/2028	127,111		124,965		126,158		1.9	%
Simplisafe Holding Corporation(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.25%	05/2024	—		(129)		—		0.0	%
Southern Air & Heat Holdings, LLC(10)	First lien senior secured loan	SR +	4.50%	10/2027	1,074		1,062		1,063		0.0	%
Southern Air & Heat Holdings, LLC(8)	First lien senior secured delayed draw term loan	L +	4.50%	10/2027	1,120		1,108		1,106		0.0	%
Southern Air & Heat Holdings, LLC(10)(17)	First lien senior secured revolving loan	SR +	4.50%	10/2027	79		76		76		0.0	%
Walker Edison Furniture Company LLC(9)(26)(32)	First lien senior secured revolving loan	SR +	6.25% PIK	03/2027	1,333		1,333		1,333		0.0	%
Walker Edison Furniture Company LLC(9)(26)(32)	First lien senior secured loan	SR +	6.75% PIK	03/2027	2,623		2,451		2,571		0.0	%
Walker Edison Furniture Company LLC(9)(17)(19)(26)(32)	First lien senior secured delayed draw term loan	SR +	6.75% PIK	03/2027	67		67		67		0.0	%
					298,290		291,631		295,607		4.3	%
Human resource support services

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
KWOR Acquisition, Inc. (dba Alacrity Solutions)(7) First lien senior secured loan L + 5.25% 12/22/2028 32,785 32,290 32,375 0.7 %
KWOR Acquisition, Inc. (dba Alacrity Solutions)(16)(18) First lien senior secured revolving loan P + 4.25% 12/22/2027 990 946 948 — %
837,294 819,323 785,366 16.7 %
Internet software and services
Anaplan, Inc.(9) First lien senior secured loan SR + 6.50% 6/21/2029 229,639 227,412 229,065 4.9 %
Anaplan, Inc.(18)(19) First lien senior secured revolving loan SR + 6.50% 6/21/2028 — (158) (41) — %
Appfire Technologies, LLC(18)(19)(20) First lien senior secured delayed draw term loan SR + 5.50% 6/14/2024 — (128) — — %
Appfire Technologies, LLC(9)(18) First lien senior secured revolving loan SR + 5.50% 3/9/2027 132 109 120 — %
Armstrong Bidco Ltd. (dba The Access Group)(15)(24) First lien senior secured loan SA +5.75% 6/28/2029 29,661 31,895 29,216 0.6 %
Armstrong Bidco Ltd. (dba The Access Group)(15)(18)(20)(24) First lien senior secured delayed draw term loan SA +5.75% 6/30/2025 5,099 5,480 5,022 0.1 %
Barracuda Parent, LLC(9)(23) First lien senior secured loan SR + 4.50% 8/15/2029 35,000 33,964 32,837 0.7 %
Barracuda Parent, LLC(9) Second lien senior secured loan SR + 7.00% 8/15/2030 93,250 90,477 87,189 1.9 %
Bayshore Intermediate #2, L.P. (dba Boomi)(6) First lien senior secured loan L + 7.75% PIK 10/2/2028 20,772 20,388 20,304 0.4 %
Bayshore Intermediate #2, L.P. (dba Boomi)(18)(19) First lien senior secured revolving loan L + 6.75% 10/1/2027 — (30) (36) — %
BCPE Nucleon (DE) SPV, LP(8)(24) First lien senior secured loan L + 7.00% 9/24/2026 24,012 23,788 23,892 0.5 %
BCTO BSI Buyer, Inc. (dba Buildertrend)(10) First lien senior secured loan SR + 8.00% PIK 12/23/2026 1,038 1,029 1,038 — %
BCTO BSI Buyer, Inc. (dba Buildertrend)(18)(19) First lien senior secured revolving loan SR + 7.00% 12/23/2026 — (2) — — %
CDK Global, Inc.(10)(23) First lien senior secured loan SR + 4.50% 7/6/2029 20,000 19,416 19,230 0.4 %
CivicPlus, LLC(6) First lien senior secured loan L + 6.75% (incl. 2.50% PIK) 8/24/2027 27,423 27,173 27,354 0.6 %
CivicPlus, LLC(18)(19) First lien senior secured revolving loan SR + 6.25% 8/24/2027 — (20) (6) 0.0 %
CP PIK Debt Issuer, LLC (dba CivicPlus, LLC)(11) Unsecured notes SR + 11.75% PIK 6/9/2034 13,429 13,036 13,161 0.3 %
Delta TopCo, Inc. (dba Infoblox, Inc.)(7)(23) First lien senior secured loan L + 3.75% 12/1/2027 14,924 14,849 13,480 0.3 %
Delta TopCo, Inc. (dba Infoblox, Inc.)(7) Second lien senior secured loan L + 7.25% 12/1/2028 49,222 48,956 45,530 1.0 %
E2open, LLC(7)(23)(24) First lien senior secured loan L + 3.50% 2/4/2028 3,878 3,860 3,694 0.1 %
EET Buyer, Inc. (dba e-Emphasys)(7) First lien senior secured loan L + 5.25% 11/8/2027 19,448 19,278 19,205 0.4 %
EET Buyer, Inc. (dba e-Emphasys)(18)(19) First lien senior secured revolving loan L + 5.75% 11/8/2027 — (17) (24) — %
GovBrands Intermediate, Inc.(7) First lien senior secured loan L + 5.50% 8/4/2027 8,283 8,110 7,973 0.2 %
GovBrands Intermediate, Inc.(7)(18)(20) First lien senior secured delayed draw term loan L + 5.50% 8/4/2023 1,864 1,816 1,772 — %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Cornerstone OnDemand, Inc.(10)(21)(22)	First lien senior secured loan	SR +	3.75%	10/2028	$	19,750	$	19,672	$	18,379	0.3	%
Cornerstone OnDemand, Inc.(10)	Second lien senior secured loan	SR +	6.50%	10/2029	44,583		44,022		41,908		0.6	%
IG Investments Holdings, LLC (dba Insight Global)(10)	First lien senior secured loan	SR +	6.00%	09/2028	47,789		47,044		47,430		0.7	%

IG Investments Holdings, LLC (dba Insight Global)(10)(17)(18)	First lien senior secured revolving loan	SR +	6.00%	09/2027	—		(51)		(27)		0.0	%
					112,122		110,687		107,690		1.6	%
Infrastructure and environmental services
Aegion Corp.(9)(21)(22)	First lien senior secured loan	SR +	4.75%	05/2028	$	4,912	$	4,895	$	4,757	0.1	%
GI Apple Midco LLC (dba Atlas Technical Consultants)(9)(17)	First lien senior secured revolving loan	SR +	6.75%	04/2029	3,166		2,952		2,940		0.0	%
GI Apple Midco LLC (dba Atlas Technical Consultants)(9)	First lien senior secured loan	SR +	6.75%	04/2030	72,824		71,395		71,338		1.1	%
GI Apple Midco LLC (dba Atlas Technical Consultants)(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	04/2025	—		(115)		(85)		0.0	%
The Goldfield Corp.(9)	First lien senior secured loan	SR +	6.25%	12/2026	990		974		983		0.0	%
Osmose Utilities Services, Inc.(9)(22)	First lien senior secured loan	SR +	3.25%	06/2028	16,714		16,623		16,354		0.2	%
USIC Holdings, Inc.(6)(22)	First lien senior secured loan	L +	3.50%	05/2028	11,877		11,583		11,224		0.2	%
USIC Holdings, Inc.(6)(21)	Second lien senior secured loan	L +	6.50%	05/2029	39,691		39,493		36,218		0.5	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(10)	First lien senior secured loan	SR +	5.25%	03/2028	32,284		31,752		31,880		0.5	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(10)(17)	First lien senior secured revolving loan	SR +	5.25%	03/2028	881		797		814		0.0	%
					183,339		180,349		176,423		2.6	%
Insurance
Acrisure, LLC(10)(22)	First lien senior secured loan	SR +	5.75%	02/2027	$	53,260	$	52,479	$	53,393	0.8	%
Acrisure, LLC(6)(22)	First lien senior secured loan	L +	3.50%	02/2027	8,683		8,235		8,413		0.1	%
Acrisure, LLC(6)(22)	First lien senior secured loan	L +	4.25%	02/2027	1,985		1,932		1,941		0.0	%
Acrisure, LLC(6)(22)	First lien senior secured loan	L +	3.75%	02/2027	1,985		1,906		1,932		0.0	%
Alera Group, Inc.(9)	First lien senior secured loan	SR +	6.00%	10/2028	149,232		146,640		149,232		2.2	%


AmeriLife Holdings LLC(11)	First lien senior secured loan	SR +	5.75%	08/2029	129,531		127,166		128,236		1.9	%
AmeriLife Holdings LLC(11)(17)	First lien senior secured revolving loan	SR +	5.75%	08/2028	2,712		2,432		2,549		0.0	%
AmeriLife Holdings LLC(11)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	09/2024	21,588		21,109		21,372		0.3	%
AssuredPartners, Inc.(9)(22)	First lien senior secured loan	SR +	3.50%	02/2027	7,840		7,840		7,755		0.1	%
AssuredPartners, Inc.(9)(22)	First lien senior secured loan	SR +	3.50%	02/2027	24,688		24,641		24,441		0.4	%
AssuredPartners, Inc.(9)(22)	First lien senior secured loan	SR +	4.25%	02/2027	4,963		4,811		4,947		0.1	%
Asurion, LLC(7)(22)	First lien senior secured loan	L +	3.00%	11/2024	14,273		13,913		14,250		0.2	%
Asurion, LLC(9)(22)	Second lien senior secured loan	SR +	5.25%	01/2029	154,017		150,611		128,805		1.9	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
GovBrands Intermediate, Inc.(7)(18) First lien senior secured revolving loan L + 5.50% 8/4/2027 245 227 212 — %
Granicus, Inc.(8) First lien senior secured loan L + 6.50% 1/29/2027 1,816 1,783 1,771 — %
Granicus, Inc.(18)(19) First lien senior secured revolving loan L + 6.50% 1/29/2027 — (3) (4) — %
Granicus, Inc.(7)(18)(20) First lien senior secured delayed draw term loan L + 6.00% 4/23/2023 207 202 199 — %
Grayshift, LLC(9) First lien senior secured loan SR + 7.50% 7/6/2028 22,524 22,306 22,299 0.5 %
Grayshift, LLC(18)(19) First lien senior secured revolving loan SR + 7.50% 7/6/2028 — (23) (24) — %
GS Acquisitionco, Inc. (dba insightsoftware)(7) First lien senior secured loan L + 5.75% 5/25/2026 8,648 8,611 8,583 0.2 %
GS Acquisitionco, Inc. (dba insightsoftware)(18)(19)(20) First lien senior secured delayed draw term loan L + 5.75% 11/2/2022 — (4) (11) — %
Help/Systems Holdings, Inc.(9)(23) First lien senior secured loan SR + 4.00% 11/19/2026 64,700 64,410 59,265 1.3 %
Help/Systems Holdings, Inc.(9) Second lien senior secured loan SR + 6.75% 11/19/2027 25,000 24,753 23,250 0.5 %
Hyland Software, Inc.(6)(23) First lien senior secured loan L + 3.50% 7/1/2024 19,845 19,816 19,172 0.4 %
Hyland Software, Inc.(6) Second lien senior secured loan L + 6.25% 7/7/2025 60,517 60,253 59,306 1.3 %
Ivanti Software, Inc.(7) Second lien senior secured loan L + 7.25% 12/1/2028 19,000 18,914 14,250 0.3 %
MessageBird BidCo B.V.(8)(24) First lien senior secured loan L + 6.75% 5/5/2027 5,000 4,911 4,888 0.1 %
Ministry Brands Holdings, LLC.(7) First lien senior secured loan L + 5.50% 12/29/2028 49,188 48,289 47,835 1.0 %
Ministry Brands Holdings, LLC.(18)(19)(20) First lien senior secured delayed draw term loan L + 5.50% 12/29/2023 — (141) (277) — %
Ministry Brands Holdings, LLC.(18)(19) First lien senior secured revolving loan L + 5.50% 12/30/2027 — (83) (131) — %
Mitnick Corporate Purchaser, Inc.(18)(22) First lien senior secured revolving loan SR + 3.50% 5/3/2027 — 7 — — %
QAD Inc.(6) First lien senior secured loan L + 6.00% 11/5/2027 46,268 45,458 45,111 1.0 %
QAD Inc.(18)(19) First lien senior secured revolving loan L + 6.00% 11/5/2027 — (102) (150) — %
Perforce Software, Inc.(9) First lien senior secured loan SR + 4.50% 7/1/2026 14,963 14,619 14,701 0.3 %
Proofpoint, Inc.(7)(23) Second lien senior secured loan L + 6.25% 8/31/2029 7,500 7,466 7,191 0.2 %
Sailpoint Technologies Holdings, Inc.(9) First lien senior secured loan SR + 6.25% 8/15/2029 59,880 58,631 58,616 1.2 %
Sailpoint Technologies Holdings, Inc.(18)(19) First lien senior secured revolving loan SR + 6.25% 8/15/2028 — (112) (121) — %
Securonix, Inc.(10) First lien senior secured loan SR + 6.50% 4/5/2028 29,661 29,384 29,587 0.6 %
Securonix, Inc.(18)(19) First lien senior secured revolving loan SR + 6.50% 4/5/2028 — (49) (13) — %
Sophos Holdings, LLC(7)(22)(23)(24) First lien senior secured loan L + 3.50% 3/5/2027 30,759 30,675 29,664 0.6 %
Tahoe Finco, LLC(6)(24) First lien senior secured loan L + 6.00% 9/29/2028 83,721 82,979 82,256 1.7 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)	Fair Value	Percentage of Net Assets
Brightway Holdings, LLC(10)	First lien senior secured loan	SR +	6.50%	12/2027	17,671	17,496	17,318	0.3	%
Brightway Holdings, LLC(10)(17)	First lien senior secured revolving loan	SR +	6.50%	12/2027	1,053	1,033	1,011	0.0	%
Broadstreet Partners, Inc.(9)(22)	First lien senior secured loan	SR +	4.00%	01/2029	8,750	8,643	8,687	0.1	%
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(10)	First lien senior secured loan	SR +	7.50%	03/2029	909	887	891	0.0	%
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(10)(17)(18)	First lien senior secured revolving loan	SR +	7.50%	03/2029	—	(2)	(2)	0.0	%
Evolution BuyerCo, Inc. (dba SIAA)(10)	First lien senior secured loan	SR +	6.25%	04/2028	26,204	25,951	25,942	0.4	%


Evolution BuyerCo, Inc. (dba SIAA)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	12/2023	1,393	1,393	1,386	0.0	%
Evolution BuyerCo, Inc. (dba SIAA)(10)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	04/2027	—	(6)	(7)	0.0	%
Hub International(9)(22)	First lien senior secured loan	SR +	4.25%	04/2025	10,000	9,900	10,018	0.1	%
Hyperion Refinance S.a.r.l (dba Howden Group)(9)(23)	First lien senior secured loan	SR +	5.25%	11/2027	131,000	128,611	131,000	2.0	%
IMA Financial Group, Inc.(9)	First lien senior secured loan	SR +	4.25%	11/2028	10,000	9,754	9,750	0.1	%
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(9)	First lien senior secured loan	SR +	10.50% PIK	07/2030	13,022	12,858	12,957	0.2	%
KWOR Acquisition, Inc. (dba Alacrity Solutions)(9)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.25%	06/2024	1,956	1,863	1,947	0.0	%
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)	First lien senior secured loan	SR +	6.00%	11/2028	132,976	131,758	132,976	2.0	%



Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)	First lien senior secured delayed draw term loan	SR +	6.00%	11/2028	69,011	68,417	69,011	1.0	%
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)(17)(18)	First lien senior secured revolving loan	SR +	6.00%	11/2027	—	(19)	—	0.0	%
PCF Midco II, LLC (dba PCF Insurance Services)(16)	First lien senior secured loan		9.00% PIK	10/2031	51,508	47,736	47,259	0.7	%
Tempo Buyer Corp. (dba Global Claims Services)(10)	First lien senior secured loan	SR +	5.50%	08/2028	35,976	35,409	35,436	0.5	%
Tempo Buyer Corp. (dba Global Claims Services)(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	08/2023	—	(76)	(52)	0.0	%
Tempo Buyer Corp. (dba Global Claims Services)(15)(17)	First lien senior secured revolving loan	P +	4.25%	08/2027	1,960	1,889	1,883	0.0	%
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(10)	First lien senior secured loan	SR +	5.75%	07/2027	14,829	14,613	14,680	0.2	%
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	07/2027	—	(15)	(11)	0.0	%
Summit Acquisition Inc. (dba K2 Insurance Services)(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	11/2024	—	(180)	(184)	0.0	%
Summit Acquisition Inc. (dba K2 Insurance Services)(10)(17)(18)	First lien senior secured revolving loan	SR +	6.75%	05/2029	—	(179)	(184)	0.0	%
Summit Acquisition Inc. (dba K2 Insurance Services)(10)	First lien senior secured loan	SR +	6.75%	05/2030	50,600	49,105	49,082	0.7	%
KWOR Acquisition, Inc. (dba Alacrity Solutions)(9)	First lien senior secured loan	SR +	5.25%	12/2028	32,538	32,093	32,376	0.5	%
KWOR Acquisition, Inc. (dba Alacrity Solutions)(15)(17)	First lien senior secured revolving loan	P +	4.25%	12/2027	1,878	1,840	1,861	0.0	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Tahoe Finco, LLC(18)(19)(24) First lien senior secured revolving loan L + 6.00% 10/1/2027 — (52) (110) — %
Thunder Purchaser, Inc. (dba Vector Solutions)(7) First lien senior secured loan L + 5.75% 6/30/2028 11,972 11,870 11,733 0.2 %
Thunder Purchaser, Inc. (dba Vector Solutions)(7)(18) First lien senior secured revolving loan L + 5.75% 6/30/2027 245 239 231 — %
Thunder Purchaser, Inc. (dba Vector Solutions)(7)(18)(20) First lien senior secured delayed draw term loan L + 5.75% 8/17/2023 733 726 692 — %
When I Work, Inc.(7) First lien senior secured loan L + 7.00% PIK 11/2/2027 23,113 22,918 22,650 0.5 %
When I Work, Inc.(18)(19) First lien senior secured revolving loan L + 6.00% 11/2/2027 — (35) (83) — %
1,182,579 1,169,524 1,142,513 24.3 %
Leisure and entertainment
Troon Golf, L.L.C.(8) First lien senior secured loan L + 5.75% 8/5/2027 93,649 93,256 93,649 2.0 %
Troon Golf, L.L.C.(18)(19) First lien senior secured revolving loan L + 6.00% 8/5/2026 — (28) — — %
Troon Golf, L.L.C.(8)(18)(20) First lien senior secured delayed draw term loan L + 5.75% 5/2/2024 39,900 39,293 39,900 0.8 %
WMG Acquisition Corp.(24) First lien senior secured loan SR + 3.00% 1/20/2028 4,000 3,920 3,920 0.1 %
137,549 136,441 137,469 2.9 %
Manufacturing
ACR Group Borrower, LLC(7) First lien senior secured loan L + 4.50% 3/31/2028 4,073 4,025 3,982 0.1 %
ACR Group Borrower, LLC(10) First lien senior secured loan SR + 6.00% 3/28/2028 875 862 868 — %
ACR Group Borrower, LLC(7)(18) First lien senior secured revolving loan L + 4.50% 3/31/2026 364 355 345 — %
BCPE Watson (DE) ORML, LP(11)(24)(28) First lien senior secured loan SR + 6.50% 7/1/2028 101,500 100,517 100,485 2.1 %
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(23) First lien senior secured loan L + 3.75% 5/19/2028 4,963 4,941 4,764 0.1 %
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(22) Second lien senior secured loan L + 6.50% 5/21/2029 37,181 37,021 36,716 0.8 %
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(22) Second lien senior secured loan L + 6.00% 5/21/2029 19,160 19,114 18,873 0.4 %
Gloves Buyer, Inc. (dba Protective Industrial Products)(6) First lien senior secured loan L + 4.00% 12/29/2027 18,775 18,418 18,587 0.4 %
Gloves Buyer, Inc. (dba Protective Industrial Products)(6) Second lien senior secured loan L + 8.25% 12/29/2028 11,728 11,448 11,553 0.2 %
MHE Intermediate Holdings, LLC (dba OnPoint Group)(11) First lien senior secured loan SR + 6.00% 7/21/2027 87,269 86,485 86,177 1.9 %
MHE Intermediate Holdings, LLC (dba OnPoint Group)(11) First lien senior secured loan SR + 6.25% 7/21/2027 13,000 12,744 12,870 0.3 %
MHE Intermediate Holdings, LLC (dba OnPoint Group)(18)(19) First lien senior secured revolving loan L + 6.00% 7/21/2027 — (29) (45) — %
Pro Mach Group, Inc.(6)(23) First lien senior secured loan L + 4.00% 8/31/2028 41,279 41,003 39,281 0.8 %
340,167 336,904 334,456 7.1 %
Professional Services
Apex Group Treasury, LLC(7)(24) Second lien senior secured loan L + 6.75% 7/27/2029 5,000 4,952 4,800 0.1 %
Apex Group Treasury, LLC(7)(24) Second lien senior secured delayed draw term loan L + 6.75% 7/27/2029 6,618 6,487 6,353 0.1 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
					1,187,991		1,164,487		1,152,297		16.8	%
Internet software and services
Anaplan, Inc.(9)	First lien senior secured loan	SR +	6.50%	06/2029	$	229,639	$	227,620	$	229,639	3.4	%
Anaplan, Inc.(9)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	06/2028	—		(137)		—		0.0	%
Appfire Technologies, LLC(10)	First lien senior secured loan	SR +	5.50%	03/2027	4,017		3,993		3,997		0.1	%
Appfire Technologies, LLC(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	06/2024	—		(110)		—		0.0	%
Appfire Technologies, LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	5.50%	03/2027	—		(19)		(8)		0.0	%
Avalara, Inc.(10)	First lien senior secured loan	SR +	7.25%	10/2028	70,455		69,488		70,102		1.0	%
Avalara, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	7.25%	10/2028	—		(93)		(35)		0.0	%
Armstrong Bidco Ltd. (dba The Access Group)(14)(23)	First lien senior secured loan	SA +	5.25%	06/2029	33,780		31,961		33,527		0.5	%
Armstrong Bidco Ltd. (dba The Access Group)(14)(17)(19)(23)	First lien senior secured delayed draw term loan	SA +	5.25%	06/2025	15,483		14,642		15,449		0.2	%
Barracuda Parent, LLC(10)(22)	First lien senior secured loan	SR +	4.50%	08/2029	27,512		26,762		26,502		0.4	%
Barracuda Parent, LLC(10)	Second lien senior secured loan	SR +	7.00%	08/2030	93,250		90,649		89,287		1.3	%
Bayshore Intermediate #2, L.P. (dba Boomi)(7)	First lien senior secured loan	L +	7.50% PIK	10/2028	22,820		22,471		22,478		0.3	%
Bayshore Intermediate #2, L.P. (dba Boomi)(10)(17)	First lien senior secured revolving loan	SR +	6.50%	10/2027	319		294		295		0.0	%
BCPE Nucleon (DE) SPV, LP(8)(23)	First lien senior secured loan	L +	7.00%	09/2026	24,012		23,823		24,012		0.4	%
BCTO BSI Buyer, Inc. (dba Buildertrend)(10)	First lien senior secured loan	SR +	8.00% PIK	12/2026	1,102		1,094		1,102		0.0	%
BCTO BSI Buyer, Inc. (dba Buildertrend)(10)(17)(18)	First lien senior secured revolving loan	SR +	7.00%	12/2026	—		(1)		—		0.0	%
Central Parent, Inc.(10)(22)	First lien senior secured loan	SR +	4.25%	07/2029	9,353		9,103		9,320		0.1	%
CivicPlus, LLC(7)	First lien senior secured loan	L +	6.75% (2.50% PIK)	08/2027	27,889		27,672		27,889		0.4	%


CivicPlus, LLC(6)(17)	First lien senior secured revolving loan	L +	6.00%	08/2027	404		387		404		0.0	%
CP PIK Debt Issuer, LLC (dba CivicPlus, LLC)(11)	Unsecured notes	SR +	11.75% PIK	06/2034	15,719		15,350		15,641		0.2	%
Coupa Holdings, LLC(9)	First lien senior secured loan	SR +	7.50%	02/2030	24,344		23,755		23,735		0.4	%
Coupa Holdings, LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	7.50%	02/2029	—		(39)		(42)		0.0	%
Coupa Holdings, LLC(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	7.50%	08/2024	—		(26)		(27)		0.0	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(11)(22)	First lien senior secured loan	SR +	3.75%	12/2027	27,182		25,657		26,261		0.4	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(11)	Second lien senior secured loan	SR +	7.25%	12/2028	49,222		48,980		47,745		0.7	%
EET Buyer, Inc. (dba e-Emphasys)(7)	First lien senior secured loan	L +	6.50%	11/2027	19,301		19,153		19,301		0.3	%
EET Buyer, Inc. (dba e-Emphasys)(10)	First lien senior secured loan	SR +	6.50%	11/2027	17,189		16,938		17,189		0.3	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Apex Group Treasury, LLC(7)(24) First lien senior secured loan L + 3.75% 7/27/2028 4,950 4,939 4,727 0.1 %
Apex Service Partners, LLC(10)(18)(20) First lien senior secured delayed draw term loan SR + 5.50% 10/23/2023 76,584 75,474 76,010 1.6 %
Apex Service Partners, LLC(18)(19) First lien senior secured revolving loan SR + 5.25% 7/31/2025 — (59) (35) — %
Apex Service Partners Intermediate 2, LLC(17) First lien senior secured loan 12.50% PIK 7/22/2027 5,000 4,879 4,875 0.1 %
EM Midco2 Ltd. (dba Element Materials Technology)(10)(22)(23)(24) First lien senior secured loan SR + 4.25% 4/12/2029 30,000 29,957 28,089 0.6 %
Guidehouse Inc.(6) First lien senior secured loan L + 5.50% 10/16/2028 107,001 105,888 105,931 2.3 %
Relativity ODA LLC(6) First lien senior secured loan L + 7.50% PIK 5/12/2027 4,844 4,791 4,820 0.1 %
Relativity ODA LLC(18)(19) First lien senior secured revolving loan L + 6.50% 5/12/2027 — (5) (2) — %
Sovos Compliance, LLC(6)(23) First lien senior secured loan L + 4.50% 8/11/2028 24,965 24,662 23,754 0.5 %
Spotless Brands, LLC(10) First lien senior secured loan SR + 6.50% 7/25/2028 45,773 44,879 44,857 1.0 %
Spotless Brands, LLC(9)(18) First lien senior secured delayed draw term loan SR + 6.50% 7/25/2028 2,338 2,267 2,265 — %
Spotless Brands, LLC(18)(19) First lien senior secured delayed draw term loan SR + 6.50% 7/25/2028 — (36) (37) — %
Spotless Brands, LLC(9)(18) First lien senior secured revolving loan SR + 6.50% 7/25/2028 1,058 1,030 1,029 — %
314,131 310,105 307,436 6.5 %
Specialty retail
Ideal Image Development, LLC(9) First lien senior secured loan SR + 6.50% 9/1/2027 5,854 5,738 5,737 0.1 %
Ideal Image Development, LLC(18)(19) First lien senior secured delayed draw term loan SR + 6.50% 9/1/2027 — (4) (4) — %
Ideal Image Development, LLC(18)(19) First lien senior secured revolving loan SR + 6.50% 9/1/2027 — (18) (18) — %
Notorious Topco, LLC (dba Beauty Industry Group)(9) First lien senior secured loan SR + 6.75% 11/23/2027 60,459 59,657 60,156 1.3 %
Notorious Topco, LLC (dba Beauty Industry Group)(9) First lien senior secured loan SR + 6.75% 11/23/2027 164,673 162,342 163,849 3.5 %
Notorious Topco, LLC (dba Beauty Industry Group)(9)(18)(20) First lien senior secured delayed draw term loan SR + 6.75% 11/23/2023 5,268 5,156 5,242 0.1 %
Notorious Topco, LLC (dba Beauty Industry Group)(18)(19) First lien senior secured revolving loan SR + 6.75% 5/24/2027 — (67) (26) — %
Milan Laser Holdings LLC(6) First lien senior secured loan L + 5.00% 4/27/2027 20,476 20,314 20,374 0.4 %
Milan Laser Holdings LLC(18)(19) First lien senior secured revolving loan L + 5.00% 4/27/2026 — (13) (9) — %
The Shade Store, LLC(6) First lien senior secured loan L + 6.00% 10/13/2027 67,670 66,938 65,979 1.4 %
The Shade Store, LLC(10) First lien senior secured revolving loan SR + 7.00% 10/13/2026 10,714 10,399 10,554 0.2 %
The Shade Store, LLC(18)(19) First lien senior secured revolving loan L + 6.00% 10/13/2026 — (69) (170) — %
335,114 330,373 331,664 7.0 %
Telecommunications


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)	Fair Value	Percentage of Net Assets
EET Buyer, Inc. (dba e-Emphasys)(7)(17)(18)	First lien senior secured revolving loan	L +	6.50%	11/2027	—	(35)	—	0.0	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(10)	First lien senior secured loan	SR +	5.50%	08/2027	8,221	8,070	7,727	0.1	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	08/2023	1,850	1,810	1,697	0.0	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(9)(17)	First lien senior secured revolving loan	SR +	5.50%	08/2027	793	778	740	0.0	%
Granicus, Inc.(10)	First lien senior secured loan	SR +	5.50%	01/2027	1,813	1,785	1,782	0.0	%
Granicus, Inc.(10)(17)	First lien senior secured revolving loan	SR +	6.50%	01/2027	50	48	47	0.0	%
Granicus, Inc.(10)	First lien senior secured delayed draw term loan	SR +	6.00%	01/2027	341	337	335	0.0	%
Grayshift, LLC(9)(23)	First lien senior secured loan	SR +	8.00%	07/2028	115,122	113,134	112,820	1.7	%
Grayshift, LLC(9)(17)(18)(23)	First lien senior secured revolving loan	SR +	8.00%	07/2028	—	(20)	(48)	0.0	%
GS Acquisitionco, Inc. (dba insightsoftware)(10)	First lien senior secured loan	SR +	5.75%	05/2026	8,948	8,918	8,925	0.1	%
Help/Systems Holdings, Inc.(10)(22)	First lien senior secured loan	SR +	4.00%	11/2026	64,202	63,914	58,424	0.9	%
Help/Systems Holdings, Inc.(9)	Second lien senior secured loan	SR +	6.75%	11/2027	25,000	24,753	20,938	0.3	%
Hyland Software, Inc.(6)(22)	First lien senior secured loan	L +	3.50%	07/2024	23,533	23,389	23,321	0.3	%
Hyland Software, Inc.(6)(22)	Second lien senior secured loan	L +	6.25%	07/2025	60,517	60,318	57,945	0.9	%
Ivanti Software, Inc.(7)	Second lien senior secured loan	L +	7.25%	12/2028	19,000	18,921	14,013	0.2	%
MessageBird BidCo B.V.(9)(23)	First lien senior secured loan	SR +	6.75%	05/2027	2,917	2,872	2,888	0.0	%
Ministry Brands Holdings, LLC.(9)	First lien senior secured loan	SR +	5.50%	12/2028	48,817	48,006	47,841	0.7	%
Ministry Brands Holdings, LLC.(9)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	12/2023	1,992	1,849	1,814	0.0	%
Ministry Brands Holdings, LLC.(10)(17)	First lien senior secured revolving loan	SR +	5.50%	12/2027	1,740	1,669	1,645	0.0	%
Mitnick Corporate Purchaser, Inc.(15)(17)(21)	First lien senior secured revolving loan	P +	2.50%	05/2027	2,500	2,506	2,500	0.0	%
Oranje Holdco, Inc. (dba KnowBe4)(10)	First lien senior secured loan	SR +	7.75%	02/2029	81,182	80,023	79,964	1.2	%
Oranje Holdco, Inc. (dba KnowBe4)(10)(17)(18)	First lien senior secured revolving loan	SR +	7.75%	02/2029	—	(142)	(152)	0.0	%
QAD Inc.(9)	First lien senior secured loan	SR +	5.38%	11/2027	45,919	45,210	45,000	0.7	%
QAD Inc.(9)(17)(18)	First lien senior secured revolving loan	SR +	5.38%	11/2027	—	(87)	(120)	0.0	%
Quartz Acquireco, LLC (dba Qualtrics AcquireCo, LLC)(9)	First lien senior secured loan	SR +	3.50%	04/2030	10,000	9,903	9,900	0.1	%
Perforce Software, Inc.(9)	First lien senior secured loan	SR +	4.50%	07/2026	14,850	14,569	14,293	0.2	%
Proofpoint, Inc.(9)(22)	First lien senior secured loan	SR +	3.25%	08/2028	12,170	11,789	11,896	0.2	%
Proofpoint, Inc.(9)	Second lien senior secured loan	SR +	6.25%	08/2029	7,500	7,469	7,256	0.1	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Park Place Technologies, LLC(9) First lien senior secured loan SR + 5.00% 11/10/2027 10,934 10,595 10,360 0.2 %
Zayo Group Holdings, Inc.(9)(22)(23) First lien senior secured loan SR + 4.25% 3/9/2027 9,950 9,715 8,620 0.2 %
20,884 20,310 18,980 0.4 %
Transportation
Motus Group, LLC(6) Second lien senior secured loan L + 6.50% 12/10/2029 10,000 9,908 9,775 0.2 %
Safe Fleet Holdings, LLC(9) First lien senior secured loan SR + 3.75% 2/23/2029 26,117 25,498 24,550 0.5 %
36,117 35,406 34,325 0.7 %
Total non-controlled/non-affiliated portfolio
company debt investments $ 9,663,872 $ 9,531,735 $ 9,372,220 198.9 %
Equity Investments
Automotive
CD&R Value Building Partners I, L.P. (dba Belron)(24)(25)(27) LP Interest N/A N/A 33,000 33,107 32,614 0.7 %
Metis HoldCo, Inc. (dba Mavis Tire Express Services)(25) Series A Convertible Preferred Stock 7.00% PIK N/A 11,873 11,559 11,191 0.2 %
44,666 43,805 0.9 %
Buildings and real estate
Associations Finance, Inc.(25) Preferred Stock 12.00% PIK N/A 215,000,000 210,519 211,940 4.5 %
Dodge Construction Network Holdings, L.P.(25) Series A Preferred Units 8.25% PIK N/A — 3 3 — %
Dodge Construction Network Holdings, L.P.(25)(27) Class A-2 Common Units N/A N/A 143,963 123 123 — %
210,645 212,066 4.5 %
Business services
Denali Holding LP (dba Summit Companies)(25)(27) Class A Units N/A N/A 687,000 7,076 8,478 0.2 %
Hercules Buyer, LLC (dba The Vincit Group)(25)(27)(29) Common Units N/A N/A 10,000 10 10 — %
Knockout Intermediate Holdings I Inc. (dba Kaseya)(25) Perpetual Preferred Stock 11.75% PIK N/A 53,600 52,295 52,796 1.1 %
59,381 61,284 1.3 %
Consumer products
ASP Conair Holdings LP(25)(27) Class A Units N/A N/A 9,286 929 838 — %
929 838 — %
Financial Services
Amergin Asset Management, LLC(24)(25)(27)(32) Class A Units N/A N/A 50,000,000 — — — %
— — — %
Food and beverage
Hissho Sushi Holdings, LLC(25)(27) Class A Units N/A N/A 941,780 9,418 9,418 0.2 %
9,418 9,418 0.2 %
Healthcare equipment and services
Maia Aggregator, LP(25)(27) Class A-2 Units N/A N/A 12,921,348 12,921 12,921 0.3 %
KPCI Holdings, L.P.(25)(27) Class A Units N/A N/A 30,425 2,313 2,301 — %
Patriot Holdings SCSp (dba Corza Health, Inc.)(24)(25) Class A Units 8.00% PIK N/A 982 1,052 1,052 — %
Patriot Holdings SCSp (dba Corza Health, Inc.)(24)(25)(27) Class B Units N/A N/A 13,517 146 146 — %
Rhea Acquistion Holdings, LP(25)(27) Series A-2 Units N/A N/A 11,964,286 11,964 11,964 0.3 %
28,396 28,384 0.6 %
Healthcare providers and services
KOBHG Holdings, L.P. (dba OB Hospitalist)(25)(27) Class A Interests N/A N/A 3,520 3,520 3,401 0.1 %
3,520 3,401 0.1 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Sailpoint Technologies Holdings, Inc.(9)	First lien senior secured loan	SR +	6.25%	08/2029	59,880		58,729		59,131		0.9	%
Sailpoint Technologies Holdings, Inc.(9)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	08/2028	—		(98)		(71)		0.0	%
Securonix, Inc.(10)	First lien senior secured loan	SR +	6.50%	04/2028	29,661		29,413		28,623		0.4	%
Securonix, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	04/2028	—		(42)		(187)		0.0	%
Sedgwick Claims Management Services, Inc.(9)(21)(22)	First lien senior secured loan	SR +	3.75%	02/2028	9,975		9,782		9,905		0.1	%
Sophos Holdings, LLC(9)(22)(23)	First lien senior secured loan	SR +	3.50%	03/2027	20,031		19,981		19,853		0.3	%
Tahoe Finco, LLC(6)(23)	First lien senior secured loan	L +	6.00%	09/2028	83,721		83,051		82,884		1.2	%
Tahoe Finco, LLC(6)(17)(18)(23)	First lien senior secured revolving loan	L +	6.00%	10/2027	—		(45)		(63)		0.0	%
Thunder Purchaser, Inc. (dba Vector Solutions)(10)	First lien senior secured loan	SR +	5.75%	06/2028	11,881		11,791		11,792		0.1	%

Thunder Purchaser, Inc. (dba Vector Solutions)(10)(17)	First lien senior secured revolving loan	SR +	5.75%	06/2027	602		597		597		0.0	%

Thunder Purchaser, Inc. (dba Vector Solutions)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	08/2023	728		721		722		0.0	%
When I Work, Inc.(7)	First lien senior secured loan	L +	7.00% PIK	11/2027	24,241		24,070		23,817		0.4	%
When I Work, Inc.(7)(17)(18)	First lien senior secured revolving loan	L +	6.00%	11/2027	—		(30)		(73)		0.0	%
Zendesk, Inc.(10)	First lien senior secured loan	SR +	7.00% (3.50% PIK)	11/2028	121,372		119,153		119,248		1.8	%
Zendesk, Inc.(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.50%	11/2024	—		(1,006)		(226)		0.0	%
Zendesk, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	11/2028	—		(223)		(217)		0.0	%
					1,634,061		1,606,967		1,592,889		23.3	%
Leisure and entertainment
Troon Golf, L.L.C.(10)	First lien senior secured loan	SR +	5.75%	08/2027	$	92,939	$	92,599	$	92,474	1.4	%
Troon Golf, L.L.C.(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	08/2026	—		(22)		(36)		0.0	%
Troon Golf, L.L.C.(10)	First lien senior secured delayed draw term loan	SR +	5.75%	08/2027	49,650		49,039		49,402		0.7	%
					142,589		141,616		141,840		2.1	%
Manufacturing
ACR Group Borrower, LLC(10)	First lien senior secured loan	SR +	6.00%	03/2028	$	4,043	$	4,000	$	3,972	0.1	%
ACR Group Borrower, LLC(10)	First lien senior secured loan	SR +	6.00%	03/2028	868		857		868		0.0	%
ACR Group Borrower, LLC(7)(17)	First lien senior secured revolving loan	L +	4.50%	03/2026	630		623		615		0.0	%
BCPE Watson (DE) ORML, LP(11)(23)(27)	First lien senior secured loan	SR +	6.50%	07/2028	101,500		100,615		100,993		1.5	%
EMRLD Borrower LP (dba Emerson Climate Technologies, Inc.)(10)(22)	First lien senior secured loan	SR +	3.00%	05/2030	10,743		10,638		10,733		0.2	%
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(22)	First lien senior secured loan	L +	3.50%	05/2028	9,900		9,846		9,694		0.1	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
Healthcare technology
Minerva Holdco, Inc.(25) Series A Preferred Stock 10.75% PIK N/A 106,864 104,976 95,376 2.0 %
BEHP Co-Investor II, L.P.(24)(25)(27) LP Interest N/A N/A 1,269,969 1,265 1,271 — %
Orange Blossom Parent, Inc.(25)(27) Common Equity N/A N/A 16,667 1,667 1,667 — %
WP Irving Co-Invest, L.P.(24)(25)(27) Partnership Units N/A N/A 1,250,000 1,251 1,251 — %
109,159 99,565 2.0 %
Household products
Evology LLC(25)(27) Class B Units N/A N/A 316 1,512 1,512 — %
1,512 1,512 — %
Human resource support services
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)(25) Series A Preferred Stock 10.50% PIK N/A 13,715 13,422 12,378 0.3 %
13,422 12,378 0.3 %
Insurance
Accelerate Topco Holdings, LLC(25)(27) Common Units N/A N/A 88,211 2,435 2,435 0.1 %
Evolution Parent, LP (dba SIAA)(25)(27) LP Interest N/A N/A 2,703 270 270 — %
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(25)(27) LP Interest N/A N/A 421 426 421 — %
PCF Holdco, LLC (dba PCF Insurance Services)(25)(27) Class A Units N/A N/A 6,047,390 15,336 26,976 0.6 %
18,467 30,102 0.7 %
Internet software and services
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(25)(27) Common Units N/A N/A 1,729,439 1,729 1,701 — %
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(24)(25)(27) LP Interest N/A N/A — 987 987 — %
Elliott Alto Co-Investor Aggregator L.P.(24)(25)(27) LP Interest N/A N/A 6,530 6,549 6,549 0.1 %
Picard Holdco, Inc.(25) Series A Preferred Stock 12.00% PIK N/A 51,493 49,947 49,948 1.1 %
MessageBird Holding B.V.(24)(25)(27) Extended Series C Warrants N/A N/A 7,980 49 8 — %
Project Alpine Co-Invest Fund, L.P.(24)(25)(27) LP Interest N/A N/A 17,000 17,010 17,000 0.4 %
Thunder Topco L.P. (dba Vector Solutions)(25)(27) Common Units N/A N/A 712,884 713 684 — %
WMC Bidco, Inc. (dba West Monroe)(25) Senior Preferred Stock 11.25% PIK N/A 36,888 36,088 34,491 0.7 %
Project Hotel California Co-Invest Fund, L.P.(24)(25)(27) LP Interest N/A N/A 3,522 3,525 3,522 0.1 %
BCTO WIW Holdings, Inc. (dba When I Work)(25)(27) Class A Common Stock N/A N/A 57,000 5,700 5,134 0.1 %
122,297 120,024 2.5 %
Manufacturing
Gloves Holding, LP (dba Protective Industrial Products)(25)(27) LP Interest N/A N/A 100 100 107 — %
100 107 0.0 %
Total non-controlled/non-affiliated portfolio
company equity investments $ 621,912 $ 622,884 13.1 %
Total non-controlled/non-affiliated portfolio
company investments $ 10,153,647 $ 9,995,104 212.4 %
Non-controlled/affiliated portfolio company investments
Equity Investments
Insurance
Chapford SMA Partnership, L.P.(18)(24)(25)(27)(28)(31) LP Interest N/A N/A 7,350 7,032 7,032 0.1 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Engineered Machinery Holdings, Inc. (dba Duravant)(7)	Second lien senior secured loan	L +	6.50%	05/2029	37,181		37,034		36,716		0.5	%
Engineered Machinery Holdings, Inc. (dba Duravant)(7)	Second lien senior secured loan	L +	6.00%	05/2029	19,160		19,118		18,873		0.3	%
Filtration Group Corporation(9)(22)	First lien senior secured loan	SR +	4.25%	10/2028	21,945		21,729		21,919		0.3	%
Gloves Buyer, Inc. (dba Protective Industrial Products)(9)	First lien senior secured loan	SR +	4.00%	12/2027	18,681		18,368		18,541		0.3	%
Gloves Buyer, Inc. (dba Protective Industrial Products)(9)	Second lien senior secured loan	SR +	8.25%	12/2028	11,728		11,472		11,553		0.2	%

Helix Acquisition Holdings, Inc. (dba MW Industries)(9)	First lien senior secured loan	SR +	7.00%	03/2030	65,000		63,096		63,213		0.9	%
Ideal Tridon Holdings, Inc.(9)(17)	First lien senior secured revolving loan	SR +	6.75%	04/2028	2,466		2,219		2,207		0.0	%
Ideal Tridon Holdings, Inc.(10)	First lien senior secured loan	SR +	6.75%	04/2028	92,236		89,568		89,469		1.3	%
MHE Intermediate Holdings, LLC (dba OnPoint Group)(10)	First lien senior secured loan	SR +	6.00%	07/2027	86,610		85,945		86,176		1.3	%
MHE Intermediate Holdings, LLC (dba OnPoint Group)(10)	First lien senior secured loan	SR +	6.25%	07/2027	12,903		12,680		12,870		0.2	%


MHE Intermediate Holdings, LLC (dba OnPoint Group)(9)(17)	First lien senior secured revolving loan	SR +	6.00%	07/2027	929		904		911		0.0	%
Pro Mach Group, Inc.(6)(22)	First lien senior secured loan	L +	4.00%	08/2028	30,473		30,319		30,373		0.5	%
Sonny's Enterprises, LLC(10)	First lien senior secured loan	SR +	6.75%	08/2028	135,469		133,482		133,437		2.0	%
Sonny's Enterprises, LLC(17)(18)	First lien senior secured revolving loan	SR +	6.75%	08/2027	—		(376)		(390)		0.0	%
Sonny's Enterprises, LLC(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	11/2024	—		(401)		(413)		0.0	%
					662,465		651,736		652,330		9.7	%
Professional services
Apex Group Treasury, LLC(10)(23)	First lien senior secured loan	SR +	5.00%	07/2028	$	24,875	$	23,490	$	24,751	0.4	%
Apex Group Treasury, LLC(7)(23)	Second lien senior secured loan	L +	6.75%	07/2029	11,618		11,452		11,415		0.2	%

Apex Service Partners, LLC(10)	First lien senior secured loan	SR +	5.50%	07/2025	91,011		90,113		90,784		1.4	%
Apex Service Partners, LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	5.25%	07/2025	—		(44)		(12)		0.0	%
Apex Service Partners Intermediate 2, LLC(16)	First lien senior secured loan		12.50% PIK	07/2027	5,614		5,507		5,543		0.1	%
Corporation Service Company(9)(22)	First lien senior secured loan	SR +	3.25%	11/2029	2,865		2,787		2,868		0.0	%
EM Midco2 Ltd. (dba Element Materials Technology)(10)(22)(23)	First lien senior secured loan	SR +	4.25%	06/2029	27,807		27,778		27,182		0.4	%

EP Purchaser, LLC(10)	First lien senior secured loan	SR +	4.50%	11/2028	24,938		23,952		23,940		0.4	%
Guidehouse Inc.(9)	First lien senior secured loan	SR +	6.25%	10/2028	106,193		105,192		105,662		1.6	%
Relativity ODA LLC(9)	First lien senior secured loan	SR +	6.50%	05/2027	5,094		5,048		5,094		0.1	%
Relativity ODA LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	05/2027	—		(4)		—		0.0	%
Sensor Technology Topco, Inc. (dba Humanetics)(10)	First lien senior secured loan	SR +	6.50%	05/2026	230,746		229,079		229,016		3.4	%
Sensor Technology Topco, Inc. (dba Humanetics)(13)(17)	First lien senior secured revolving loan	E +	6.75%	05/2026	—		4,026		4,020		0.1	%

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(2)(3)(21)(30) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(26) Fair
Value Percentage
of Net
Assets
7,032 7,032 0.1 %
Total non-controlled/affiliated portfolio
company equity investments 7,032 7,032 0.1 %
Controlled/affiliated portfolio company investments
Financial Services
AAM Series 2.1 Aviation Feeder, LLC(18)(24)(25)(27)(32) LLC Interest N/A N/A 1,368 1,368 1,368 — %
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(18)(24)(25)(27)(32) LLC Interest N/A N/A — — — — %
1,368 1,368 — %
Total controlled/affiliated portfolio
company equity investments $ 1,368 $ 1,368 — %
Total Investments $ 10,162,047 $ 10,003,504 212.6 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Sensor Technology Topco, Inc. (dba Humanetics)(13)	First lien senior secured EUR term loan	E +	6.75%	05/2026	45,318		44,795		44,979		0.7	%
Sovos Compliance, LLC(9)(22)	First lien senior secured loan	SR +	4.50%	08/2028	29,192		28,699		28,109		0.4	%
Vistage Worldwide, Inc.(9)	First lien senior secured loan	SR +	5.25%	07/2029	4,963		4,840		4,913		0.1	%
VT Topco, Inc. (dba Veritext)(9)(21)(22)	First lien senior secured loan	SR +	3.75%	08/2025	2,745		2,727		2,702		0.0	%

					612,979		609,437		610,966		9.3	%
Specialty retail
Ideal Image Development, LLC(9)	First lien senior secured loan	SR +	6.50%	09/2027	$	5,810	$	5,709	$	5,316	0.1	%
Ideal Image Development, LLC(9)	First lien senior secured revolving loan	SR +	6.50%	09/2027	915		899		837		0.0	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)	First lien senior secured loan	SR +	6.75%	11/2027	60,002		59,296		58,952		0.9	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)	First lien senior secured loan	SR +	6.75%	11/2027	163,431		161,383		160,571		2.4	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	11/2023	5,229		5,133		5,120		0.1	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)(17)	First lien senior secured revolving loan	SR +	6.75%	05/2027	352		296		260		0.0	%
Milan Laser Holdings LLC(9)	First lien senior secured loan	SR +	5.00%	04/2027	20,321		20,182		20,321		0.3	%
Milan Laser Holdings LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	5.00%	04/2026	—		(10)		—		0.0	%
The Shade Store, LLC(10)	First lien senior secured loan	SR +	6.00%	10/2027	67,159		66,519		64,305		1.0	%
The Shade Store, LLC(10)	First lien senior secured loan	SR +	7.00%	10/2026	10,634		10,357		10,315		0.2	%
The Shade Store, LLC(10)(17)	First lien senior secured revolving loan	SR +	6.00%	10/2026	3,545		3,489		3,256		0.0	%
					337,398		333,253		329,253		5.0	%
Telecommunications
EOS U.S. Finco LLC(10)(23)	First lien senior secured loan	SR +	6.00%	10/2029	$	18,328	$	17,420	$	17,961	0.3	%
EOS U.S. Finco LLC(17)(18)(23)	First lien senior secured loan	SR +	6.00%	10/2029	—		(250)		—		0.0	%
Park Place Technologies, LLC(9)(22)	First lien senior secured loan	SR +	5.00%	11/2027	1,139		1,108		1,105		0.0	%
					19,467		18,278		19,066		0.3	%
Transportation
Lightbeam Bidco, Inc. (dba Lazer Spot)(10)	First lien senior secured loan	SR +	6.25%	05/2030	$	96,397	$	95,448	$	95,385	1.4	%
Lightbeam Bidco, Inc. (dba Lazer Spot)(10)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	05/2029	—		(114)		(123)		0.0	%
Lightbeam Bidco, Inc. (dba Lazer Spot)(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.25%	11/2024	—		(71)		(7)		0.0	%
Motus Group, LLC(6)	Second lien senior secured loan	L +	6.50%	12/2029	10,000		9,914		9,850		0.1	%
Safe Fleet Holdings, LLC(9)(22)	First lien senior secured loan	SR +	3.75%	02/2029	25,921		25,358		25,866		0.4	%
					132,318		130,535		130,971		1.9	%
Total non-controlled/non-affiliated portfolio company debt investments					$	12,129,187	$	11,947,707	$	11,895,011	176.0	%
Equity Investments

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of June 30, 2023

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Automotive
CD&R Value Building Partners I, L.P. (dba Belron)(23)(24)(26)	LP Interest		N/A	N/A	33,061	$	32,912	$	35,155	0.5	%
Metis HoldCo, Inc. (dba Mavis Tire Express Services)(16)(24)	Series A Convertible Preferred Stock		7.00% PIK	N/A	12,510	12,225		12,511		0.2	%
						45,137		47,666		0.7	%
Buildings and real estate
Associations Finance, Inc.(16)(24)	Preferred Stock		13.50% PIK	N/A	215,000,000	$	230,992	$	233,956	3.5	%
Associations Finance, Inc.(16)(24)	Preferred Stock		13.50% PIK	N/A	35,000,000	34,061		34,650		0.5	%
Dodge Construction Network Holdings, L.P.(10)(24)	Series A Preferred Units	SR +	8.25% PIK	N/A	—	3		3		0.0	%
Dodge Construction Network Holdings, L.P.(24)(26)	Class A-2 Common Units		N/A	N/A	143,963	123		84		0.0	%
						265,179		268,693		4.0	%
Business services
Denali Holding LP (dba Summit Companies)(24)(26)	Class A Units		N/A	N/A	686,513	$	7,076	$	9,459	0.1	%
Hercules Buyer, LLC (dba The Vincit Group)(24)(26)(28)	Common Units		N/A	N/A	10,000	10		11		0.0	%




Knockout Intermediate Holdings I Inc. (dba Kaseya)(16)(24)	Perpetual Preferred Stock		11.75% PIK	N/A	60,212	59,006		60,062		0.9	%
						66,092		69,532		1.0	%
Consumer products
ASP Conair Holdings LP(24)(26)	Class A Units		N/A	N/A	9,286	$	929	$	877	0.0	%
						929		877		0.0	%
Food and beverage
Hissho Sushi Holdings, LLC(24)(26)	Class A Units		N/A	N/A	941,780	$	9,418	$	11,421	0.2	%
						9,418		11,421		0.2	%
Healthcare equipment and services
Maia Aggregator, LP(24)(26)	Class A-2 Units		N/A	N/A	12,921,348	$	12,921	$	13,711	0.2	%
KPCI Holdings, L.P.(24)(26)	Class A Units		N/A	N/A	1,781	2,313		2,057		0.0	%
Patriot Holdings SCSp (dba Corza Health, Inc.)(16)(23)(24)	Class A Units		8.00% PIK	N/A	982	1,204		1,204		0.0	%
Patriot Holdings SCSp (dba Corza Health, Inc.)(23)(24)(26)	Class B Units		N/A	N/A	13,517	164		225		0.0	%
Rhea Acquisition Holdings, LP(24)(26)	Series A-2 Units		N/A	N/A	11,964,286	11,964		15,523		0.2	%
						28,566		32,720		0.4	%
Healthcare providers and services
KOBHG Holdings, L.P. (dba OB Hospitalist)(24)(26)	Class A Interests		N/A	N/A	3,520	$	3,520	$	3,269	0.0	%
						3,520		3,269		0.0	%
Healthcare technology
Minerva Holdco, Inc.(16)(24)	Series A Preferred Stock		10.75% PIK	N/A	115,916	$	114,158	$	107,223	1.6	%
BEHP Co-Investor II, L.P.(23)(24)(26)	LP Interest		N/A	N/A	1,269,969	1,266		1,325		0.0	%
Orange Blossom Parent, Inc.(24)(26)	Common Equity		N/A	N/A	16,667	1,667		1,710		0.0	%
WP Irving Co-Invest, L.P.(23)(24)(26)	Partnership Units		N/A	N/A	1,250,000	1,251		1,304		0.0	%
						118,342		111,562		1.6	%
Household products
Evology LLC(24)(26)	Class B Units		N/A	N/A	316	$	1,512	$	2,082	0.0	%
Walker Edison Holdco LLC(24)(26)	Common Equity		N/A	N/A	29,167	2,818		2,548		0.0	%
						4,330		4,630		0.0	%
Human resource support services
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)(16)(24)	Series A Preferred Stock		10.50% PIK	N/A	15,188	$	14,917	$	13,366	0.2	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of June 30, 2023

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
						14,917		13,366		0.2	%
Insurance
Accelerate Topco Holdings, LLC(24)(26)	Common Units		N/A	N/A	91,805	$	2,535	$	2,676	0.0	%
Evolution Parent, LP (dba SIAA)(24)(26)	LP Interest		N/A	N/A	2,703	270		302		0.0	%
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(24)(26)	LP Interest		N/A	N/A	408	426		408		0.0	%
PCF Holdco, LLC (dba PCF Insurance Services)(16)(17)(19)(24)	Series A Preferred Units		15.00% PIK	N/A	8,099	7,897		8,099		0.1	%
PCF Holdco, LLC (dba PCF Insurance Services)(24)(26)	Class A Unit Warrants		N/A	N/A	1,504	5,129		5,134		0.1	%

PCF Holdco, LLC (dba PCF Insurance Services)(24)(26)	Class A Units		N/A	N/A	6,047,390	15,336		27,614		0.4	%
						31,593		44,233		0.6	%
Internet software and services
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(24)(26)	Common Units		N/A	N/A	1,729,439	$	1,730	$	1,776	0.0	%
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(23)(24)(26)	LP Interest		N/A	N/A	—	987		987		0.0	%
Elliott Alto Co-Investor Aggregator L.P.(23)(24)(26)	LP Interest		N/A	N/A	6,723	6,568		6,369		0.1	%
Picard Holdco, Inc.(10)(24)	Series A Preferred Stock	SR +	12.00% PIK	N/A	57,459	55,990		52,431		0.8	%
MessageBird Holding B.V.(23)(24)(26)	Extended Series C Warrants		N/A	N/A	7,980	49		9		0.0	%
Project Alpine Co-Invest Fund, L.P.(23)(24)(26)	LP Interest		N/A	N/A	17,000	17,010		18,655		0.3	%
Thunder Topco L.P. (dba Vector Solutions)(24)(26)	Common Units		N/A	N/A	712,884	713		730		0.0	%
WMC Bidco, Inc. (dba West Monroe)(16)(24)	Senior Preferred Stock		11.25% PIK	N/A	40,053	38,228		36,814		0.5	%
Project Hotel California Co-Invest Fund, L.P.(23)(24)(26)	LP Interest		N/A	N/A	3,522	3,525		3,524		0.1	%
BCTO WIW Holdings, Inc. (dba When I Work)(24)(26)	Class A Common Stock		N/A	N/A	57,000	5,700		5,134		0.1	%
Zoro TopCo, Inc. (16)(24)	Series A Preferred Stock		12.50% PIK	N/A	17,846	17,285		17,444		0.3	%
Zoro TopCo, Inc. (24)(26)	Class A Common Units		N/A	N/A	1,380,129	13,801		13,801		0.2	%
						161,586		157,674		2.4	%
Manufacturing
Gloves Holdings, LP (dba Protective Industrial Products)(24)(26)	LP Interest		N/A	N/A	10	$	100	$	118	0.0	%
						100		118		0.0	%
Total non-controlled/non-affiliated portfolio company equity investments						$	749,709	$	765,761	11.1	%
Total non-controlled/non-affiliated portfolio company investments						$	12,697,416	$	12,660,772	187.1	%

Non-controlled/affiliated portfolio company investments
Equity Investments
Pharmaceuticals
LSI Financing 1 DAC(23)(24)(26)(30)	Preferred equity		N/A	N/A	79,272	$	76,348	$	76,348	1.1	%



						76,348		76,348		1.1	%
Total non-controlled/affiliated portfolio company equity investments						$	76,348	$	76,348	1.1	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of June 30, 2023

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Controlled/affiliated portfolio company investments
Asset based lending and fund finance
Amergin Asset Management, LLC(23)(24)(26)(31)	Class A Units		N/A	N/A	50,000,000	$	—	$	—	0.0	%
AAM Series 2.1 Aviation Feeder, LLC(17)(19)(23)(24)(26)(31)	LLC Interest		N/A	N/A	18,944	18,945		18,944		0.3	%
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(17)(19)(23)(24)(26)(31)	LLC Interest		N/A	N/A	6,116	6,081		6,116		0.1	%
						25,026		25,060		0.4	%
Insurance
Fifth Season Investments LLC(24)(26)(27)(31)	Class A Units		N/A	N/A	28	$	111,234	$	111,234	1.7	%
						111,234		111,234		1.7	%

Joint ventures
Blue Owl Credit Income Senior Loan Fund, LLC (f/k/a ORCIC Senior Loan Fund, LLC)(23)(24)(27)(31)(33)	LLC Interest		N/A	N/A	222,933	$	222,933	$	226,230	3.4	%
						222,933		226,230		3.4	%

Total controlled/affiliated portfolio company equity investments						$	359,193	$	362,524	5.5	%
Total Investments						$	13,132,957	$	13,099,644	193.7	%

Interest Rate Swaps as of June 30, 2023

Company
Receives

Company
Pays

Maturity Date

Notional Amount

Hedged
Instrument

Footnote
Reference

Interest rate swap

7.75%

S+ 3.84%

9/16/2027

600,000

September 2027 Notes

Note 6

Total

600,000

(1)Certain portfolio company investments are subject to contractual restrictions on sales.

(2)Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

(3)Unless otherwise indicated, all investments are considered Level 3 investments.

(4)The amortized cost represents the original cost adjusted for the amortization and accretion of premiums and discounts, as applicable, on debt investments using the effective interest method.

(5)Unless otherwise indicated, loan contains a variable rate structure, and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the London Interbank Offered Rate (“LIBOR” or “L”) (which can include one-, two-, three-, six-, or twelve-month LIBOR), Secured Overnight Financing Rate ("SOFR" or "SR") (which can include one-, three-, six- or twelve-month SOFR), Euro Interbank Offered Rate ("EURIBOR" or "E"), Canadian Dollar Offered Rate ("CDOR" or "C") (which can include one-, the-, six- or twelve-month CDOR), ~~Serling~~Sterling (SP) Overnight Interbank Average Rate ("SONIA" or "SA") or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate ("Prime" or "P"), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

(6)The interest rate on these loans is subject to 1 month LIBOR, which as of ~~September~~June 30, ~~2022~~2023 was ~~3.14%~~5.22%.

(7)The interest rate on these loans is subject to 3 month LIBOR, which as of ~~September~~June 30, ~~2022~~2023 was ~~3.75%~~5.55%.

(8)The interest rate on these loans is subject to 6 month LIBOR, which as of ~~September~~June 30, ~~2022~~2023 was ~~4.23%~~5.76%.

(9)The interest rate on these loans is subject to 1 month SOFR, which as of ~~September~~June 30, ~~2022~~2023 was ~~3.04%~~5.14%.

(10)The interest rate on these loans is subject to 3 month SOFR, which as of ~~September~~June 30, ~~2022~~2023 was ~~3.59%~~5.27%.

(11)The interest rate on these loans is subject to 6 month SOFR, which as of ~~September~~June 30, ~~2022~~2023 was ~~3.99%~~5.39%.

(12)~~The interest rate on these loans is subject to 1 month CDOR, which as of September 30, 2022 was 3.76%.~~

~~(13)~~The interest rate on these loans is subject to 3 month CDOR, which as of ~~September~~June 30, ~~2022~~2023 was ~~4.20%~~5.02%.

~~(14)~~(13)The interest rate on these loans is subject to 3 month EURIBOR, which as of ~~September~~June 30, ~~2022~~2023 was ~~1.17%~~3.58%.

~~(15)~~

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of June 30, 2023

(Amounts in thousands, except share amounts)

(Unaudited)

(14)The interest rate on these loans is subject to SONIA, which as of ~~September~~June 30, ~~2022~~2023 was ~~2.19%~~4.93%.

~~(16)~~(15)The interest rate on these loans is subject to Prime, which as of ~~September~~June 30, ~~2022~~2023 was ~~6.25%~~8.25%.

~~(17)~~(16)Investment does not contain a variable rate structure.

~~(18)~~(17)Position or portion thereof is an unfunded loan or equity commitment. See Note 7 “Commitments and Contingencies”.

~~(19)~~(18)The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

~~(20)~~(19)The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

~~(21)~~(20)Unless otherwise indicated, ~~loan~~ represents a co-investment made with the Company’s affiliates in accordance with the terms of exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See Note 3 "Agreements and Related Party Transactions".

~~(22)~~(21)This portfolio company was not a co-investment made with the Company's affiliates in accordance with the terms of exemptive relief that the Company received from the U.S. Securities and Exchange Commission.

~~(23)~~(22)Level 2 Investment.

~~Owl Rock Core Income Corp.~~

~~Consolidated Schedule of Investments~~

~~As of September 30, 2022~~

~~(Amounts in thousands, except share amounts)~~

~~(Unaudited)~~

~~(24)~~(23)This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of ~~September~~June 30, ~~2022,~~2023, non-qualifying assets represented ~~11.7%~~13.3% of total assets as calculated in accordance with the regulatory requirements.

~~(25)~~(24)Security acquired in transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted security” under the Securities Act. As of ~~September~~June 30, ~~2022,~~2023, the aggregate fair value of these securities is ~~$631.3 million,~~$1.2 billion, or ~~13.4%~~18.0% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

Portfolio Company

Investment

Acquisition Date

AAM Series 1.1 Rail and Domestic Intermodal Feeder, ~~LLC~~LLC**

LLC Interest

July 1, 2022

AAM Series 2.1 Aviation Feeder, ~~LLC~~LLC**

LLC Interest

July 1, 2022

Accelerate Topco Holdings, LLC

Common Units

September 1, 2022

Amergin Asset Management, ~~LLC~~LLC**

Class A Units

July 1, 2022

ASP Conair Holdings LP

Class A Units

May 17, 2021

Associations Finance, Inc.

Preferred Stock

June 10, 2022

Associations Finance, Inc.

Preferred Stock

April 10, 2023

BCTO WIW Holdings, Inc. (dba When I Work)

Class A Common Stock

November 2, 2021

BEHP Co-Investor II, L.P.

~~Common Equity~~LP Interest

May ~~11,~~6, 2022

Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)

Common Units

October 1, 2021

CD&R Value Building Partners I, L.P. (dba Belron)

LP Interest

December 2, 2021

Denali Holding LP (dba Summit Companies)

Class A Units

September ~~15,~~14, 2021

~~Chapford SMA Partnership, L.P.~~

~~LP Interest~~

~~July 18, 2022~~

Dodge Construction Network Holdings, L.P.

Class A-2 Common Units

February 23, 2022

Dodge Construction Network Holdings, L.P.

Series A Preferred Units

February 23, 2022

Elliott Alto Co-Investor Aggregator L.P.

LP Interest

September ~~27,~~28, 2022

Evology LLC

Class B Units

January ~~24,~~21, 2022

Evolution Parent, LP (dba SIAA)

~~Class A Interests~~LP Interest

April 30, 2021

Fifth Season Investments LLC**

Class A Units

October 17, 2022

Gloves ~~Holding,~~Holdings, LP (dba Protective Industrial Products)

LP Interest

December ~~29,~~28, 2020

GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)

LP Interest

December 16, 2021

Hercules Buyer, LLC (dba The Vincit Group)

Common Units

December 15, 2020

Hissho Sushi Holdings, LLC

Class A Units

May 17, 2022

~~Iconic IMO Merger Sub, Inc.~~

~~Common Equity~~

~~July 29, 2022~~

Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)

LP Interest

June 8, 2022

Knockout Intermediate Holdings I Inc. (dba Kaseya)

Perpetual Preferred Stock

June ~~23,~~22, 2022

KOBHG Holdings, L.P. (dba OB Hospitalist)

Class A Interests

September 27, 2021

KPCI Holdings, L.P.

~~LP Interest~~Class A Units

November ~~30,~~25, 2020

LSI Financing 1 DAC**

Preferred equity

December 14, 2022

Maia Aggregator, LP

Class A-2 Units

February 1, 2022

~~MessageBird Holding B.V.~~

~~Extended Series C Warrants~~

~~April 29, 2021~~

~~Metis HoldCo, Inc. (dba Mavis Tire Express Services)~~

~~Series A Convertible Preferred Stock~~

~~May 4, 2021~~

~~Minerva Holdco, Inc.~~

~~Series A Preferred Stock~~

~~February 15, 2022~~

~~Patriot Holdings SCSp (dba Corza Health, Inc.)~~

~~Class A Units~~

~~January 29, 2021~~

~~Patriot Holdings SCSp (dba Corza Health, Inc.)~~

~~Class B Units~~

~~January 29, 2021~~

~~PCF Holdco, LLC (dba PCF Insurance Services)~~

~~Class A Units~~

~~November 1, 2021~~

~~PCF Holdco, LLC (dba PCF Insurance Services)~~

~~Class A Warrants~~

~~November 1, 2021~~

~~Picard Holdco, Inc.~~

~~Series A Preferred Stock~~

~~September 30, 2022~~

~~Project Alpine Co-Invest Fund, L.P.~~

~~LP Interest~~

~~June 10, 2022~~

~~Project Hotel California Co-Invest Fund, L.P.~~

~~LP Interest~~

~~August 9, 2022~~

~~Rhea Acquistion Holdings, LP~~

~~Series A-2 Units~~

~~February 18, 2022~~

~~Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)~~

~~Series A Preferred Stock~~

~~October 15, 2021~~

2326

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of ~~September~~June 30, ~~2022~~2023

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company

Investment

Acquisition Date

MessageBird Holding B.V.

Extended Series C Warrants

May 5, 2021

Metis HoldCo, Inc. (dba Mavis Tire Express Services)

Series A Convertible Preferred Stock

May 3, 2021

Minerva Holdco, Inc.

Series A Preferred Stock

February 14, 2022

Orange Blossom Parent, Inc.

Common Equity

July 29, 2022

Blue Owl Credit Income Senior Loan Fund, LLC (f/k/a ORCIC Senior Loan Fund, LLC)*

LLC Interest

November 2, 2022

Patriot Holdings SCSp (dba Corza Health, Inc.)

Class A Units

January 29, 2021

Patriot Holdings SCSp (dba Corza Health, Inc.)

Class B Units

January 29, 2021

PCF Holdco, LLC (dba PCF Insurance Services)

Preferred equity

February 13, 2023

PCF Holdco, LLC (dba PCF Insurance Services)

Class A Units

November 1, 2021

PCF Holdco, LLC (dba PCF Insurance Services)

Class A Unit Warrants

February 13, 2023

Picard Holdco, Inc.

Series A Preferred Stock

September 29, 2022

Project Alpine Co-Invest Fund, L.P.

LP Interest

June 13, 2022

Project Hotel California Co-Invest Fund, L.P.

LP Interest

August 9, 2022

Rhea Acquisition Holdings, LP

Series A-2 Units

February 18, 2022

Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)

Series A Preferred Stock

October 14, 2021

Thunder Topco L.P. (dba Vector Solutions)

Common Units

June 30, 2021

Walker Edison Holdco LLC

Common Equity

March 1, 2023

WMC Bidco, Inc. (dba West Monroe)

Senior Preferred Stock

November 9,8, 2021

WP Irving Co-Invest, L.P.

~~Common Equity~~Partnership Units

May 18, 2022

Zoro TopCo, Inc.

Class A Common Units

November 22, 2022

Zoro TopCo, Inc.

Series A Preferred Stock

November 22, 2022

~~(26)~~*Refer to Note 4 "Investments - Blue Owl Credit Income Senior Loan Fund LLC", for further information.

** Refer to Note 3 "Agreements and Related Party Transactions - Controlled/Affiliated Portfolio Companies".

(25)As of ~~September~~June 30, ~~2022,~~2023, the net estimated unrealized ~~loss~~gain on investments for U.S. federal income tax purposes was ~~$144.6~~$2.3 million based on a tax cost basis of ~~$10.1~~$13.1 billion. As of ~~September~~June 30, ~~2022,~~2023, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was ~~$186.6~~$96.0 million. As of ~~September~~June 30, ~~2022,~~2023, the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was ~~$42.0~~$98.3 million.

~~(27)~~(26)Investment is non-income producing.

~~(28)~~(27)Investment is not pledged as collateral under the Revolving Credit Facility and the SPV Asset Facilities.

~~(29)~~(28)We invest in this portfolio company through underlying blocker entities Hercules Blocker 1 LLC, Hercules Blocker 2 LLC, Hercules Blocker 3 LLC, Hercules Blocker 4 LLC, and Hercules Blocker 5 LLC.

~~(30)~~(29)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility and SPV Asset Facilities. See Note 6 "Debt".

~~(31)~~(30)As defined in the 1940 Act, the Company is deemed to be an "affiliated person" of this portfolio company as the Company owns more than 5% but less than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies of such portfolio company, including through a management agreement (non-controlled affiliate"). Transactions related to investments in non-controlled affiliates for the ~~nine months~~period ended ~~September~~June 30, ~~2022~~2023 were as follows:

Company Fair value
as of December 31, 2021
Gross Additions(a)
Gross Reductions(b)
Net Change in Unrealized Gain/ (Loss) Realized Gain/(Loss) Fair value as of September 30, 2022 Dividend Income Other Income
Chapford SMA Partnership, L.P. $ — $ 7,032 $ — $ — $ — $ 7,032 $ — $ —
Total $ — $ 7,032 $ — $ — $ — $ 7,032 $ — $ —


Company	Fair value as of December 31, 2022		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/ (Loss)		Realized Gain/(Loss)		Fair value as of June 30, 2023		Dividend Income		Other Income
LSI Financing 1 DAC	$	6,175	$	73,098	$	(2,974)	$	49	$	—	$	76,348	$	333	$	—
Total	$	6,175	$	73,098	$	(2,974)	$	49	$	—	$	76,348	$	333	$	—

________

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of June 30, 2023

(Amounts in thousands, except share amounts)

(Unaudited)

discounts, the exchange of one or more existing investments for one or more new investments and the movement at fair value of an existing portfolio company into this controlled affiliated category from a different category.

(b) Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, return of capital, the amortization of premiums and the exchange of one or more existing securities for one or more new securities.

~~(32)~~(31)As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company, including through a management agreement (“controlled affiliate”). The Company’s investment in controlled affiliates for the period ended ~~September~~June 30, ~~2022~~2023 were as follows:


Company	Company	Fair value as of December 31, 2021		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/ (Loss)		Realized Gain/(Loss)		Fair value as of September 30, 2022		Dividend Income		Other Income		Company	Fair value as of December 31, 2022		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/ (Loss)		Realized Gain/(Loss)		Fair value as of June 30, 2023		Dividend Income		Other Income
AAM Series 2.1 Aviation Feeder, LLC(c)																		AAM Series 2.1 Aviation Feeder, LLC(c)	$	1,568	$	17,376	$	—	$	—	$	—	$	18,944	$	—	$	—
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC (c)	AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC (c)	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(c)	—		6,081		—		35		—		6,116		—		—
AAM Series 2.1 Aviation Feeder, LLC (c)		—		1,368		—		—		—		1,368		—		—
Fifth Season Investments LLC																		Fifth Season Investments LLC	89,680		21,554		—		—		—		111,234		1,360		—
Blue Owl Credit Income Senior Loan Fund, LLC (f/k/a ORCIC Senior Loan Fund, LLC)																		Blue Owl Credit Income Senior Loan Fund, LLC (f/k/a ORCIC Senior Loan Fund, LLC)	140,394		81,158		—		4,678		—		226,230		14,758		—
Total	Total	$	—	$	1,368	$	—	$	—	$	—	$	1,368	$	—	$	—	Total	$	231,642	$	126,169	$	—	$	4,713	$	—	$	362,524	$	16,118	$	—

________

~~Owl Rock Core Income Corp.~~

~~Consolidated Schedule of Investments~~

~~As of September 30, 2022~~

~~(Amounts in thousands, except share amounts)~~

~~(Unaudited)~~

(a) Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to payment-in-kind (“PIK”) interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments and the movement at fair value of an existing portfolio company into this controlled affiliated category from a different category.

(c) In connection with its investment in AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, “Amergin Assetco”) the Company made a minority investment in Amergin Asset Management, LLC which has entered into a Servicing Agreement with Amergin Assetco.

~~(33)~~(32)Investment was on non-accrual status as of ~~September~~June 30, ~~2022.~~2023.

(33)Investment measured at net asset value ("NAV").

The accompanying notes are an integral part of these consolidated financial statements.

2528

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
Non-controlled/non-affiliated portfolio
company investments
Debt Investments(5)
Advertising and media
Global Music Rights, LLC(8)(16) First lien senior secured loan L + 5.75% 8/28/2028 $ 84,375 $ 82,754 $ 82,688 5.2 %
Global Music Rights, LLC(13)(14)(16) First lien senior secured revolving loan L + 5.75% 8/27/2027 — (141) (150) — %
IRI Holdings, Inc.(6)(16)(17) First lien senior secured loan L + 4.25% 12/1/2025 4,974 4,980 4,968 0.3 %
89,349 87,593 87,506 5.5 %
Aerospace and Defense
Bleriot US Bidco Inc.(8)(16)(17) First lien senior secured loan L + 4.00% 10/30/2026 4,975 4,975 4,966 0.3 %
Peraton Corp.(6)(17) First lien senior secured loan L + 3.75% 2/1/2028 4,963 4,974 4,961 0.3 %
Peraton Corp.(6)(16) Second lien senior secured loan L + 7.75% 2/1/2029 5,000 4,932 4,975 0.3 %
14,938 14,881 14,902 0.9 %
Automotive
Mavis Tire Express Services Topco Corp.(6)(17) First lien senior secured loan L + 4.00% 5/4/2028 9,950 9,904 9,950 0.6 %
9,950 9,904 9,950 0.6 %
Buildings and real estate
Associations, Inc.(8)(16) First lien senior secured loan L + 6.50% (incl. 2.50% PIK) 7/2/2027 121,391 120,001 120,175 7.5 %
Associations, Inc.(13)(14)(16) First lien senior secured revolving loan L + 6.50% 7/2/2027 — (44) (48) — %
Dodge Data & Analytics LLC(9)(16) First lien senior secured loan L + 7.50% 4/14/2026 2,149 2,111 2,213 0.1 %
Dodge Data & Analytics LLC(13)(14)(16) First lien senior secured revolving loan L + 7.50% 4/14/2026 — (2) — — %
REALPAGE, INC.(6)(16) Second lien senior secured loan L + 6.50% 4/23/2029 2,500 2,465 2,529 0.2 %
126,040 124,531 124,869 7.8 %
Business services
Denali BuyerCo, LLC (dba Summit Companies)(8)(16) First lien senior secured loan L + 6.00% 9/15/2028 97,901 96,587 96,922 6.1 %
Denali BuyerCo, LLC (dba Summit Companies)(8)(13)(15)(16) First lien senior secured delayed draw term loan L + 6.00% 9/15/2023 4,173 4,014 4,131 0.3 %
Denali BuyerCo, LLC (dba Summit Companies)(13)(14)(16) First lien senior secured revolving loan L + 6.00% 9/15/2027 — (70) (74) — %
Diamondback Acquisition, Inc. (dba Sphera)(6)(16) First lien senior secured loan L + 5.50% 9/13/2028 47,827 46,904 46,871 3.0 %
Diamondback Acquisition, Inc. (dba Sphera)(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 5.50% 9/13/2023 — (91) (96) — %
Hercules Borrower, LLC (dba The Vincit Group)(8)(16) First lien senior secured loan L + 6.50% 12/15/2026 816 805 816 0.1 %
Hercules Borrower, LLC (dba The Vincit Group)(8)(16) First lien senior secured loan L + 5.50% 12/15/2026 2,215 2,194 2,193 0.1 %
Hercules Borrower, LLC (dba The Vincit Group)(13)(15)(16) First lien senior secured delayed draw term loan L + 5.50% 9/10/2023 — — — — %
Hercules Borrower, LLC (dba The Vincit Group)(13)(14)(16) First lien senior secured revolving loan L + 6.50% 12/15/2026 — (1) — — %
Hercules Buyer, LLC (dba The Vincit Group)(16)(23)(24) Unsecured notes 0.48% PIK 12/14/2029 24 24 24 — %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments(5)
Advertising and media
Global Music Rights, LLC(7)	First lien senior secured loan	L +	5.50%	08/2028	$	83,531	$	82,119	$	83,530	1.6	%
Global Music Rights, LLC(7)(17)(18)	First lien senior secured revolving loan	L +	5.75%	08/2027	—		(116)		—		—	%
The NPD Group, L.P.(9)	First lien senior secured loan	SR +	6.25% (2.75% PIK)	12/2028	224,081		219,669		219,600		4.2	%
The NPD Group, L.P.(9)(17)	First lien senior secured revolving loan	SR +	5.75%	12/2027	1,712		1,449		1,427		—	%
					309,324		303,121		304,557		5.8	%
Aerospace and Defense
Bleriot US Bidco Inc.(7)(22)	First lien senior secured loan	L +	4.00%	10/2026	$	5,096	$	5,095	$	5,031	0.1	%
ManTech International Corporation(10)	First lien senior secured loan	SR +	5.75%	09/2029	14,181		13,907		13,898		0.3	%
ManTech International Corporation(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	09/2024	—		(32)		(34)		—	%
ManTech International Corporation(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	09/2028	—		(34)		(36)		—	%
Peraton Corp.(6)(22)	First lien senior secured loan	L +	3.75%	02/2028	14,746		14,722		14,377		0.3	%
Peraton Corp.(6)(22)	Second lien senior secured loan	L +	7.75%	02/2029	4,854		4,795		4,599		0.1	%
					38,877		38,453		37,835		0.8	%
Automotive
Holley Inc.(7)(22)	First lien senior secured loan	L +	3.75%	11/2028	$	2,348	$	2,339	$	2,027	—	%
Mavis Tire Express Services Topco Corp.(9)(22)	First lien senior secured loan	SR +	4.00%	05/2028	9,850		9,811		9,378		0.2	%
OAC Holdings I Corp. (dba Omega Holdings)(10)	First lien senior secured loan	SR +	5.00%	03/2029	9,142		8,974		8,867		0.2	%
OAC Holdings I Corp. (dba Omega Holdings)(10)(17)	First lien senior secured revolving loan	SR +	5.00%	03/2028	1,433		1,388		1,356		—	%
Power Stop, LLC(7)(21)	First lien senior secured loan	L +	4.75%	01/2029	29,775		29,509		26,798		0.5	%
Spotless Brands, LLC(10)	First lien senior secured loan	SR +	6.50%	07/2028	54,425		53,397		53,335		1.1	%


Spotless Brands, LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	07/2028	—		(27)		(29)		—	%
					106,973		105,391		101,732		2.0	%
Asset Based Lending and Fund Finance
Hg Genesis 9 Sumoco Limited(13)(23)	Unsecured facility	E+	7.00% PIK	03/2027	$	124,092	$	127,414	$	124,092	2.4	%
Hg Saturn LuchaCo Limited(14)(23)	Unsecured facility	S +	7.50% PIK	03/2026	1,898		2,144		1,874		—	%
					125,990		129,558		125,966		2.4	%
Buildings and real estate
Associations, Inc.(10)	First lien senior secured loan	SR +	6.50% (2.50% PIK)	07/2027	$	104,673	$	103,666	$	104,412	2.0	%
Associations, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	07/2027	—		(36)		(12)		—	%

Associations, Inc.(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.50% (2.50% PIK)	06/2024	4,565		4,024		4,413		0.1	%
CoreLogic Inc.(6)(22)	First lien senior secured loan	L +	3.50%	06/2028	42,056		41,236		34,962		0.7	%

2629

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
KPSKY Acquisition, Inc. (dba BluSky)(6)(16) First lien senior secured loan L + 5.50% 10/19/2028 76,315 74,824 74,789 4.7 %
KPSKY Acquisition, Inc. (dba BluSky)(12)(13)(15)(16) First lien senior secured delayed draw term loan P + 4.50% 10/19/2023 4,361 4,233 4,230 0.3 %
Packers Holdings, LLC(9)(17) First lien senior secured loan L + 3.25% 3/9/2028 4,269 4,250 4,239 0.3 %
237,901 233,673 234,045 14.9 %
Chemicals
Aruba Investments Holdings LLC (dba Angus Chemical Company)(9)(16) Second lien senior secured loan L + 7.75% 11/24/2028 1,000 987 1,000 0.1 %
Gaylord Chemical Company, L.L.C.(8)(16) First lien senior secured loan L + 6.50% 3/30/2027 104,356 103,339 103,835 6.6 %
Gaylord Chemical Company, L.L.C.(13)(14)(16) First lien senior secured revolving loan L + 6.50% 3/30/2026 — (7) (4) — %
Gaylord Chemical Company, L.L.C.(13)(14)(16) First lien senior secured revolving loan L + 6.50% 3/30/2026 — (31) (16) — %
Velocity HoldCo III Inc. (dba VelocityEHS)(8)(16) First lien senior secured loan L + 5.75% 4/22/2027 2,347 2,299 2,300 0.1 %
Velocity HoldCo III Inc. (dba VelocityEHS)(13)(14)(16) First lien senior secured revolving loan L + 5.75% 4/22/2026 — (3) (3) — %
107,703 106,584 107,112 6.8 %
Consumer products
ConAir Holdings LLC(8)(16) Second lien senior secured loan L + 7.50% 5/17/2029 32,500 32,003 32,500 2.1 %
Lignetics Investment Corp.(8)(16) First lien senior secured loan L + 6.00% 11/1/2027 76,471 75,537 75,515 4.8 %
Lignetics Investment Corp.(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 6.00% 11/1/2023 — (116) (119) — %
Lignetics Investment Corp.(8)(13)(16) First lien senior secured revolving loan L + 6.00% 11/1/2026 1,912 1,773 1,768 0.1 %
Olaplex, Inc.(6)(16) First lien senior secured loan L + 6.25% 1/8/2026 968 960 968 0.1 %
111,851 110,157 110,632 7.1 %
Containers and packaging
Ascend Buyer, LLC (dba PPC Flexible Packaging)(8)(16) First lien senior secured loan L + 5.75% 10/2/2028 50,206 49,718 49,704 3.1 %
Ascend Buyer, LLC (dba PPC Flexible Packaging)(8)(13)(16) First lien senior secured revolving loan L + 5.75% 9/30/2027 851 802 800 0.1 %
BW Holding, Inc. (dba Brook & Whittle)(8)(16) First lien senior secured loan L + 4.00% 12/14/2028 15,816 15,658 15,658 1.0 %
BW Holding, Inc. (dba Brook & Whittle)(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 4.00% 12/17/2023 — (21) (21) — %
Fortis Solutions Group, LLC(8)(16) First lien senior secured loan L + 5.50% 10/13/2028 48,576 47,631 47,604 3.0 %
Fortis Solutions Group, LLC(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 5.50% 10/13/2023 — (191) (197) 0.0 %
Fortis Solutions Group, LLC(13)(14)(16) First lien senior secured revolving loan L + 5.50% 10/15/2027 — (130) (135) 0.0 %
Pregis Topco LLC(6)(16) Second lien senior secured loan L + 6.75% 8/1/2029 30,000 30,000 30,000 1.9 %
Pregis Topco LLC(6)(16) Second lien senior secured loan L + 8.00% 8/1/2029 2,500 2,500 2,500 0.2 %
Ring Container Technologies Group, LLC(6)(16)(17) First lien senior secured loan L + 3.75% 8/12/2028 5,000 4,988 5,005 0.3 %
152,949 150,955 150,918 9.6 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Dodge Construction Network, LLC(11)	First lien senior secured loan	SR +	4.75%	02/2029	17,114		16,878		14,547		0.3	%
RealPage, Inc.(6)(21)(22)	First lien senior secured loan	L +	3.00%	04/2028	14,203		14,187		13,478		0.3	%
RealPage, Inc.(6)	Second lien senior secured loan	L +	6.50%	04/2029	27,500		27,146		26,330		0.5	%
Wrench Group LLC(7)	First lien senior secured loan	L +	4.00%	04/2026	10,545		10,410		10,176		0.2	%
					220,656		217,511		208,306		4.1	%
Business services
Access CIG, LLC(6)	Second lien senior secured loan	L +	7.75%	02/2026	$	2,385	$	2,379	$	2,373	—	%
BrightView Landscapes, LLC(9)(21)(22)	First lien senior secured loan	SR +	3.25%	04/2029	9,353		9,029		8,979		0.2	%
ConnectWise, LLC(6)(22)	First lien senior secured loan	L +	3.50%	09/2028	30,003		30,065		28,436		0.5	%
CoreTrust Purchasing Group LLC(10)	First lien senior secured loan	SR +	6.75%	10/2029	97,393		95,495		95,445		1.8	%
CoreTrust Purchasing Group LLC(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	09/2024	—		(68)		(71)		—	%
CoreTrust Purchasing Group LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	6.75%	10/2029	—		(269)		(284)		—	%
Denali BuyerCo, LLC (dba Summit Companies)(7)	First lien senior secured loan	L +	5.75%	09/2028	131,499		129,752		130,184		2.5	%
Denali BuyerCo, LLC (dba Summit Companies)(7)	First lien senior secured loan	L +	5.75%	09/2028	35,205		34,470		34,853		0.7	%
Denali BuyerCo, LLC (dba Summit Companies)(7)(17)(19)	First lien senior secured delayed draw term loan	L +	5.75%	09/2023	27,343		26,953		27,070		0.5	%
Denali BuyerCo, LLC (dba Summit Companies)(7)(17)(18)	First lien senior secured revolving loan	L +	5.75%	09/2027	—		(101)		(100)		—	%
Diamondback Acquisition, Inc. (dba Sphera)(6)	First lien senior secured loan	L +	5.50%	09/2028	47,348		46,544		46,874		0.9	%
Diamondback Acquisition, Inc. (dba Sphera)(6)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	5.50%	09/2023	—		(78)		—		—	%
Entertainment Benefits Group, LLC(9)	First lien senior secured loan	SR +	4.75%	05/2028	75,023		74,343		75,023		1.4	%
Entertainment Benefits Group, LLC(9)(17)	First lien senior secured revolving loan	SR +	4.75%	04/2027	7,733		7,633		7,733		0.1	%
Fullsteam Operations, LLC(7)(17)(19)	First lien senior secured delayed draw term loan	L +	7.50% (3.00% PIK)	05/2024	48,970		47,520		47,953		0.9	%
Hercules Borrower, LLC (dba The Vincit Group)(7)	First lien senior secured loan	L +	6.50%	12/2026	808		799		806		—	%
Hercules Borrower, LLC (dba The Vincit Group)(7)	First lien senior secured loan	L +	5.50%	12/2026	2,193		2,176		2,155		—	%
Hercules Borrower, LLC (dba The Vincit Group)(7)(17)(19)	First lien senior secured delayed draw term loan	L +	5.50%	09/2023	10,346		10,258		10,091		0.2	%
Hercules Borrower, LLC (dba The Vincit Group)(8)(17)	First lien senior secured revolving loan	L +	6.50%	12/2026	10		9		10		—	%
Hercules Buyer, LLC (dba The Vincit Group)(16)(28)	Unsecured notes		0.48% PIK	12/2029	24		24		24		—	%





Kaseya Inc.(10)	First lien senior secured loan	SR +	5.75%	06/2029	71,717		70,363		71,000		1.4	%
Kaseya Inc.(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	06/2024	—		(40)		—		—	%
Kaseya Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	06/2029	—		(80)		(43)		—	%

2730

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
Distribution
Dealer Tire, LLC(6)(16)(17) First lien senior secured loan L + 4.25% 12/12/2025 5,077 5,086 5,069 0.3 %
Individual Foodservice Holdings, LLC(9)(16) First lien senior secured loan L + 6.25% 11/21/2025 44,758 44,324 44,534 2.8 %
Individual Foodservice Holdings, LLC(9)(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 6.25% 6/30/2022 70 (73) (5) 0.0 %
Individual Foodservice Holdings, LLC(6)(13)(16) First lien senior secured revolving loan L + 6.25% 11/22/2024 4 3 3 0.0 %
SRS Distribution, Inc.(9)(16)(17) First lien senior secured loan L + 3.75% 6/2/2028 4,988 4,953 4,972 0.3 %
54,897 54,293 54,573 3.4 %
Education
Pluralsight, LLC(9)(16) First lien senior secured loan L + 8.00% 4/6/2027 6,255 6,196 6,191 0.4 %
Pluralsight, LLC(13)(14)(16) First lien senior secured revolving loan L + 8.00% 4/6/2027 — (3) (4) 0.0 %
6,255 6,193 6,187 0.4 %
Financial services
AxiomSL Group, Inc.(8)(16) First lien senior secured loan L + 6.00% 12/3/2027 35,185 34,846 34,921 2.2 %
AxiomSL Group, Inc.(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 6.00% 7/21/2023 — (10) — 0.0 %
AxiomSL Group, Inc.(13)(14)(16) First lien senior secured revolving loan L + 6.00% 12/3/2025 — (24) (19) 0.0 %
Hg Saturn Luchaco Limited(11)(16)(18) Unsecured facility S + 7.50% PIK 3/30/2026 2,114 2,140 2,092 0.1 %
Muine Gall, LLC(9)(16)(18)(22) First lien senior secured loan L + 7.00% PIK 9/21/2024 86,771 86,891 86,771 5.5
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(16) First lien senior secured loan L + 5.75% 9/6/2025 8,559 8,478 8,504 0.5 %
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(13)(15)(16) First lien senior secured delayed draw term loan L + 5.75% 10/2/2023 1,680 1,646 1,669 0.1 %
NMI Acquisitionco, Inc. (dba Network Merchants)(13)(14)(16) First lien senior secured revolving loan L + 5.75% 9/6/2025 — (8) (4) 0.0 %
134,309 133,959 133,934 8.4 %
Food and beverage
Balrog Acquisition, Inc. (dba Bakemark)(9)(16) First lien senior secured loan L + 4.00% 9/5/2028 14,000 13,860 13,965 0.9 %
Balrog Acquisition, Inc. (dba Bakemark)(9)(16) Second lien senior secured loan L + 7.00% 9/3/2029 6,000 5,951 5,950 0.4 %
Shearer's Foods, LLC(6)(16)(17) First lien senior secured loan L + 3.50% 9/23/2027 4,920 4,920 4,900 0.3 %
Sovos Brands Intermediate, Inc.(8)(16)(17) First lien senior secured loan L + 3.75% 6/8/2028 4,145 4,135 4,139 0.3 %
Ultimate Baked Goods Midco, LLC(6)(16) First lien senior secured loan L + 6.25% 8/13/2027 16,500 16,109 16,087 1.0 %
Ultimate Baked Goods Midco, LLC(12)(13)(16) First lien senior secured revolving loan P + 6.25% 8/13/2027 1,050 1,003 1,000 0.1 %
46,615 45,978 46,041 3.0 %
Healthcare equipment and services
Canadian Hospital Specialties Ltd.(10)(16) First lien senior secured loan C + 4.25% 4/14/2028 3,530 3,509 3,486 0.2 %
Canadian Hospital Specialties Ltd.(13)(14)(15)(16) First lien senior secured delayed draw term loan C + 4.50% 4/15/2023 — (6) (12) 0.0 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
KPSKY Acquisition, Inc. (dba BluSky)(6)	First lien senior secured loan	L +	5.50%	10/2028	84,239		82,789		82,133		1.6	%

KPSKY Acquisition, Inc. (dba BluSky)(15)(17)(19)	First lien senior secured delayed draw term loan	P +	4.50%	06/2024	2,363		2,167		2,055		—	%
Packers Holdings, LLC(6)(22)	First lien senior secured loan	L +	3.25%	03/2028	34,003		33,860		29,583		0.6	%
Ping Identity Holding Corp.(9)	First lien senior secured loan	SR +	7.00%	10/2029	21,818		21,498		21,491		0.4	%
Ping Identity Holding Corp.(9)(17)(18)	First lien senior secured revolving loan	SR +	7.00%	10/2028	—		(32)		(33)		—	%
					739,776		727,458		723,740		13.7	%
Chemicals
Aruba Investments Holdings LLC (dba Angus Chemical Company)(6)	First lien senior secured loan	L +	3.75%	11/2027	$	12,902	$	12,696	$	12,515	0.2	%
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(6)	Second lien senior secured loan	L +	7.75%	11/2028	40,137		40,125		39,535		0.8	%
Douglas Products and Packaging Company LLC(9)	First lien senior secured loan	SR +	7.00%	06/2025	24,432		24,193		24,188		0.5	%
Douglas Products and Packaging Company LLC(17)(18)	First lien senior secured revolving loan	SR +	7.00%	06/2025	—		(31)		(32)		—	%
Gaylord Chemical Company, L.L.C.(7)	First lien senior secured loan	L +	6.50%	03/2027	103,309		102,462		103,309		2.0	%

Gaylord Chemical Company, L.L.C.(7)(17)(18)	First lien senior secured revolving loan	L +	6.00%	03/2026	—		(29)		—		—	%

Velocity HoldCo III Inc. (dba VelocityEHS)(8)	First lien senior secured loan	L +	5.75%	04/2027	2,323		2,283		2,323		—	%
Velocity HoldCo III Inc. (dba VelocityEHS)(6)(17)	First lien senior secured revolving loan	L +	5.75%	04/2026	28		26		28		—	%
					183,131		181,725		181,866		3.5	%
Consumer products
ConAir Holdings LLC(7)	Second lien senior secured loan	L +	7.50%	05/2029	$	32,500	$	32,051	$	29,575	0.6	%
Foundation Consumer Brands, LLC(7)	First lien senior secured loan	L +	5.50%	02/2027	49,710		49,722		49,585		0.9	%
Lignetics Investment Corp.(7)	First lien senior secured loan	L +	6.00%	11/2027	75,706		74,909		74,192		1.4	%
Lignetics Investment Corp.(7)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	6.00%	11/2023	—		(96)		(191)		—	%
Lignetics Investment Corp.(6)(17)	First lien senior secured revolving loan	L +	6.00%	10/2026	6,882		6,772		6,653		0.1	%
Olaplex, Inc.(9)(23)	First lien senior secured loan	SR +	3.50%	02/2029	40,473		40,335		38,045		0.7	%
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)	First lien senior secured loan	SR +	5.25%	03/2029	59,674		58,613		57,884		1.1	%
SWK BUYER, Inc. (dba Stonewall Kitchen)(9)(17)	First lien senior secured revolving loan	SR +	5.25%	03/2029	1,953		1,854		1,785		—	%
SWK BUYER, Inc. (dba Stonewall Kitchen)(11)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.25%	03/2024	—		(123)		(279)		—	%
					266,898		264,037		257,249		4.8	%
Containers and packaging
Ascend Buyer, LLC (dba PPC Flexible Packaging)(9)	First lien senior secured loan	SR +	6.25%	10/2028	$	49,704	$	49,278	$	49,331	0.9	%
Ascend Buyer, LLC (dba PPC Flexible Packaging)(9)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	09/2027	—		(40)		(38)		—	%
Ascend Buyer, LLC (dba PPC Flexible Packaging)(9)	First lien senior secured loan	SR +	6.25%	09/2028	30,694		30,096		30,464		0.6	%

2831

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
Canadian Hospital Specialties Ltd.(10)(13)(16) First lien senior secured revolving loan C + 4.25% 4/15/2027 82 75 69 0.0 %
Medline Borrower, LP(6)(16)(17) First lien senior secured loan L + 3.25% 10/23/2028 25,000 24,880 24,990 1.6 %
Medline Borrower, LP(13)(14)(16) First lien senior secured revolving loan L + 3.25% 10/21/2026 — (44) (45) 0.0 %
Packaging Coordinators Midco, Inc.(8)(16) Second lien senior secured loan L + 7.00% 12/13/2029 53,918 52,247 52,840 3.3 %
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(7)(16) First lien senior secured loan L + 6.75% 1/31/2028 42,462 41,832 41,932 2.6 %
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(13)(14)(16) First lien senior secured revolving loan L + 6.75% 1/29/2026 — (1) (1) 0.0 %
124,992 122,492 123,259 7.7 %
Healthcare providers and services
Ex Vivo Parent Inc. (dba OB Hospitalist)(8)(16) First lien senior secured loan L + 9.50% PIK 9/27/2028 30,503 29,909 29,893 1.9 %
OB Hospitalist Group, Inc.(8)(16) First lien senior secured loan L + 5.50% 9/27/2027 61,657 60,469 60,424 3.8 %
OB Hospitalist Group, Inc.(6)(13)(16) First lien senior secured revolving loan L + 5.50% 9/27/2027 853 700 693 0.0 %
Phoenix Newco, Inc. (dba Parexel)(6)(16)(17) First lien senior secured loan L + 3.50% 11/15/2028 27,500 27,363 27,489 1.7 %
Phoenix Newco, Inc. (dba Parexel)(6)(16) Second lien senior secured loan L + 6.50% 11/15/2029 135,000 133,666 133,650 8.5 %
Quva Pharma, Inc.(9)(16) First lien senior secured loan L + 5.50% 4/12/2028 4,534 4,409 4,409 0.3 %
Quva Pharma, Inc.(13)(14)(16) First lien senior secured revolving loan L + 5.50% 4/10/2026 — (12) (13) 0.0 %
Refresh Parent Holdings, Inc.(8)(16) First lien senior secured loan L + 6.50% 12/9/2026 7,836 7,756 7,778 0.5 %
Refresh Parent Holdings, Inc.(8)(13)(15)(16) First lien senior secured delayed draw term loan L + 6.50% 6/9/2022 380 375 377 0.0 %
Refresh Parent Holdings, Inc.(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 6.50% 5/17/2023 — (104) (80) 0.0 %
Refresh Parent Holdings, Inc.(8)(13)(16) First lien senior secured revolving loan P + 6.50% 12/9/2026 52 50 51 0.0 %
268,315 264,581 264,671 16.7 %
Healthcare technology
BCPE Osprey Buyer, Inc. (dba PartsSource)(9)(16) First lien senior secured loan L + 5.75% 8/23/2028 54,310 53,480 53,441 3.4 %
BCPE Osprey Buyer, Inc. (dba PartsSource)(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 5.75% 8/23/2023 — (223) (147) 0.0 %
BCPE Osprey Buyer, Inc. (dba PartsSource)(13)(14)(16) First lien senior secured revolving loan L + 5.75% 8/21/2026 — (69) (74) 0.0 %
GI Ranger Intermediate, LLC (dba Rectangle Health)(8)(16) First lien senior secured loan L + 6.00% 10/30/2028 18,238 17,881 17,873 1.1 %
GI Ranger Intermediate, LLC (dba Rectangle Health)(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 6.00% 10/29/2023 — (27) (28) 0.0 %
GI Ranger Intermediate, LLC (dba Rectangle Health)(13)(14)(16) First lien senior secured revolving loan L + 6.00% 10/29/2027 — (32) (33) 0.0 %
Inovalon Holdings, Inc.(8)(16) First lien senior secured loan L + 5.75% 11/24/2028 79,270 77,313 77,289 4.9 %
Inovalon Holdings, Inc.(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 5.75% 5/24/2024 — (104) (106) 0.0 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Berlin Packaging L.L.C.(6)(21)(22)	First lien senior secured loan	L +	3.75%	03/2028	15,009		14,628		14,412		0.3	%
BW Holding, Inc.(10)	First lien senior secured loan	SR +	4.00%	12/2028	14,076		13,907		12,950		0.2	%
Charter NEX US, Inc.(6)(21)(22)	First lien senior secured loan	L +	3.75%	12/2027	34,957		34,477		33,898		0.6	%
Five Star Lower Holding LLC(11)	First lien senior secured loan	SR +	4.25%	05/2029	21,820		21,539		21,275		0.4	%
Fortis Solutions Group, LLC(7)	First lien senior secured loan	L +	5.50%	10/2028	67,451		66,277		65,596		1.2	%
Fortis Solutions Group, LLC(7)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	5.50%	10/2023	—		(4)		(3)		—	%
Fortis Solutions Group, LLC(8)(17)	First lien senior secured revolving loan	L +	5.50%	10/2027	900		792		714		—	%
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)	First lien senior secured loan	SR +	5.75%	05/2028	82,137		81,386		82,137		1.6	%
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	05/2024	—		—		—		—	%
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(17)	First lien senior secured revolving loan	SR +	5.75%	05/2028	2,117		2,003		2,117		—	%
Pregis Topco LLC(10)(21)(22)	First lien senior secured loan	SR +	3.75%	07/2026	4,987		4,928		4,838		0.1	%
Pregis Topco LLC(6)	Second lien senior secured loan	L +	6.75%	08/2029	30,000		29,999		29,625		0.6	%
Pregis Topco LLC(6)	Second lien senior secured loan	L +	7.75%	08/2029	2,500		2,500		2,488		—	%
Ring Container Technologies Group, LLC(6)(22)	First lien senior secured loan	L +	3.50%	08/2028	16,250		16,202		16,007		0.3	%
Tricorbraun Holdings, Inc.(6)(21)(22)	First lien senior secured loan	L +	3.25%	03/2028	15,886		15,511		15,123		0.3	%
					388,488		383,479		380,934		7.1	%
Distribution
ABB/Con-cise Optical Group LLC(8)	First lien senior secured loan	L +	7.50%	02/2028	$	35,206	$	34,736	$	35,117	0.7	%
ABB/Con-cise Optical Group LLC(8)(17)	First lien senior secured revolving loan	L +	7.50%	02/2028	3,510		3,463		3,501		0.1	%
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9)(22)	First lien senior secured loan	SR +	4.63%	06/2026	31,823		30,838		30,869		0.6	%
Dealer Tire, LLC(9)	First lien senior secured loan	SR +	4.50%	12/2025	5,048		5,055		4,973		0.1	%
Dealer Tire, LLC(16)(21)	Unsecured notes		8.00%	02/2028	56,120		54,928		47,842		0.9	%
Formerra, LLC(10)	First lien senior secured loan	SR +	7.25%	11/2028	5,250		5,083		5,079		0.1	%
Formerra, LLC(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	7.25%	11/2023	—		(3)		(3)		—	%
Formerra, LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	7.25%	11/2028	—		(17)		(17)		—	%
Individual Foodservice Holdings, LLC(10)	First lien senior secured loan	SR +	6.25%	11/2025	1,292		1,279		1,288		—	%
Individual Foodservice Holdings, LLC(7)	First lien senior secured loan	L +	6.25%	11/2025	62,804		62,341		62,648		1.2	%
Individual Foodservice Holdings, LLC(10)	First lien senior secured loan	SR +	6.75%	11/2025	1,952		1,933		1,952		—	%



Individual Foodservice Holdings, LLC(7)(17)(19)	First lien senior secured delayed draw term loan	L +	6.25%	11/2023	18,151		17,847		18,059		0.3	%
Individual Foodservice Holdings, LLC(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	12/2023	—		(80)		—		—	%

2932

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
Inovalon Holdings, Inc.(8)(16) Second lien senior secured loan L + 10.50% PIK 11/24/2033 37,761 37,009 37,005 2.3 %
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(8)(16)(18) First lien senior secured loan L + 6.25% 8/21/2026 28,855 28,506 28,783 1.8 %
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(8)(13)(16)(18) First lien senior secured revolving loan L + 6.25% 8/21/2026 744 744 741 0.0 %
Project Ruby Ultimate Parent Corp. (dba Wellsky)(6)(16)(17) First lien senior secured loan L + 3.25% 3/10/2028 4,466 4,446 4,459 0.3 %
223,644 218,924 219,203 13.8 %
Household products
Southern Air & Heat Holdings, LLC(8)(16) First lien senior secured loan L + 4.50% 10/1/2027 1,090 1,074 1,074 0.1 %
Southern Air & Heat Holdings, LLC(8)(13)(15)(16) First lien senior secured delayed draw term loan L + 4.50% 10/1/2023 76 60 59 0.0 %
Southern Air & Heat Holdings, LLC(13)(14)(16) First lien senior secured revolving loan L + 4.50% 10/1/2027 — (4) (4) 0.0 %
Walker Edison Furniture Company LLC(8)(16) First lien senior secured loan L + 8.75% (incl. 3.00% PIK) 3/31/2027 9,994 9,994 9,494 0.6 %
11,160 11,124 10,623 0.7 %
Human resource support services
Cornerstone OnDemand, Inc.(8)(17) First lien senior secured loan L + 3.75% 10/16/2028 20,000 19,902 19,922 1.3 %
Cornerstone OnDemand, Inc.(9)(16) Second lien senior secured loan L + 6.50% 10/15/2029 44,583 43,927 43,915 2.8 %
IG Investments Holdings, LLC (dba Insight Global)(8)(16) First lien senior secured loan L + 6.00% 9/22/2028 46,271 45,377 45,462 2.9 %
IG Investments Holdings, LLC (dba Insight Global)(6)(13)(16) First lien senior secured revolving loan L + 6.00% 9/22/2027 1,806 1,737 1,743 0.1 %
112,660 110,943 111,042 7.1 %
Infrastructure and environmental services
Aegion Corporation(8) First lien senior secured loan L + 4.75% 5/17/2028 4,988 4,965 5,003 0.3 %
USIC Holdings, Inc.(6)(17) First lien senior secured loan L + 3.50% 5/12/2028 4,988 4,965 4,976 0.3 %
USIC Holdings, Inc.(6)(16) Second lien senior secured loan L + 6.50% 5/14/2029 18,000 17,831 17,865 1.1 %
27,976 27,761 27,844 1.7 %
Insurance
Alera Group, Inc.(6)(16) First lien senior secured loan L + 5.50% 10/2/2028 81,567 79,786 79,731 5.0 %
Alera Group, Inc.(6)(13)(15)(16) First lien senior secured delayed draw term loan L + 5.50% 10/2/2023 22,412 21,449 21,316 1.3 %
AssuredPartners, Inc.(6)(17) First lien senior secured loan L + 3.50% 2/12/2027 7,960 7,960 7,940 0.5 %
Asurion, LLC(6)(16)(17) Second lien senior secured loan L + 5.25% 1/22/2029 48,000 47,543 47,770 3.0 %
Brightway Holdings, LLC(8)(16) First lien senior secured loan L + 6.50% 12/15/2027 17,895 17,672 17,671 1.1 %
Brightway Holdings, LLC(13)(14) First lien senior secured revolving loan L + 6.50% 12/15/2027 — (26) (26) 0.0 %
Evolution BuyerCo, Inc. (dba SIAA)(8)(16) First lien senior secured loan L + 6.25% 4/28/2028 9,031 8,911 8,918 0.6 %
Evolution BuyerCo, Inc. (dba SIAA)(8)(13)(15)(16) First lien senior secured delayed draw term loan L + 6.25% 4/28/2023 6,895 6,652 6,784 0.4 %
Evolution BuyerCo, Inc. (dba SIAA)(13)(14)(16) First lien senior secured revolving loan L + 6.25% 4/30/2027 — (9) (8) 0.0 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Individual Foodservice Holdings, LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	11/2024	—		(1)		—		—	%
SRS Distribution, Inc.(6)(22)	First lien senior secured loan	L +	3.50%	06/2028	24,139		23,899		23,052		0.4	%

White Cap Supply Holdings, LLC(9)(21)(22)	First lien senior secured loan	SR +	3.75%	10/2027	11,614		11,169		11,212		0.2	%
					256,909		252,470		245,572		4.6	%
Education
CIG Emerald Holding LLC(10)(23)	First lien senior secured loan	SR +	6.50%	06/2027	$	78,000	$	77,124	$	77,609	1.5	%
Community Brands ParentCo, LLC(9)	First lien senior secured loan	SR +	5.75%	02/2028	31,636		31,083		31,161		0.6	%
Community Brands ParentCo, LLC(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	02/2024	—		(32)		(19)		—	%
Community Brands ParentCo, LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	02/2028	—		(32)		(28)		—	%
Severin Acquisition, LLC (dba Powerschool)(10)(22)	First lien senior secured loan	SR +	3.00%	08/2025	14,858		14,844		14,747		0.3	%
Sophia, L.P.(9)	First lien senior secured loan	SR +	4.25%	10/2027	15,113		14,978		15,075		0.3	%
Pluralsight, LLC(7)	First lien senior secured loan	L +	8.00%	04/2027	6,255		6,192		6,161		0.1	%
Pluralsight, LLC(6)(17)	First lien senior secured revolving loan	L +	8.00%	04/2027	196		192		190		—	%
					146,058		144,349		144,896		2.8	%
Energy equipment and services
Pike Corp.(6)(21)(22)	First lien senior secured loan	L +	3.00%	01/2028	$	5,991	$	5,976	$	5,900	0.1	%
					5,991		5,976		5,900		0.1	%
Financial services
Acuris Finance US, Inc. (ION Analytics) (10)(21)(22)	First lien senior secured loan	SR +	4.00%	02/2028	$	10,500	$	10,429	$	10,304	0.2	%
AxiomSL Group, Inc.(6)	First lien senior secured loan	L +	5.75%	12/2027	34,831		34,540		34,309		0.7	%
AxiomSL Group, Inc.(6)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	6.00%	07/2023	—		(8)		(11)		—	%
AxiomSL Group, Inc.(6)(17)(18)	First lien senior secured revolving loan	L +	6.50%	12/2025	—		(18)		(39)		—	%
Computer Services, Inc. (dba CSI)(10)	First lien senior secured loan	SR +	6.75%	11/2029	30,500		29,898		29,890		0.6	%
Muine Gall, LLC(8)(23)(27)	First lien senior secured loan	L +	7.00% PIK	09/2024	94,583		95,126		92,218		1.8	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)	First lien senior secured loan	L +	5.75%	09/2025	5,671		5,631		5,600		0.1	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)	First lien senior secured loan	L +	5.75%	09/2025	2,143		2,128		2,117		—	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)	First lien senior secured loan	L +	5.75%	09/2025	150		149		149		—	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)	First lien senior secured loan	L +	5.75%	09/2025	508		504		502		—	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(17)(19)	First lien senior secured delayed draw term loan	L +	5.75%	10/2023	1,999		1,975		1,969		—	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(17)(18)	First lien senior secured revolving loan	L +	5.75%	09/2025	—		(6)		(7)		—	%
Smarsh Inc.(11)	First lien senior secured loan	SR +	6.50%	02/2029	83,048		82,296		82,217		1.6	%

3033

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(8)(16) First lien senior secured loan L + 9.50% PIK 7/24/2028 12,348 12,113 12,101 $0.8 %
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)(16) First lien senior secured loan L + 6.00% 11/1/2028 45,235 44,791 44,782 2.8 %
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(9)(13)(15)(16) First lien senior secured delayed draw term loan D L + 6.00% 5/1/2023 7,986 7,907 7,906 0.5 %
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(13)(14)(16) First lien senior secured revolving loan L + 6.00% 11/1/2027 — (25) (26) 0.0 %
PCF Midco II, LLC (dba PCF Insurance Services)(16)(24) First lien senior secured loan 9.00% PIK 10/31/2031 44,340 40,169 40,128 2.5 %
TEMPO BUYER CORP. (dba Global Claims Services)(8)(16) First lien senior secured loan L + 5.50% 8/26/2028 36,524 35,823 35,793 2.3 %
TEMPO BUYER CORP. (dba Global Claims Services)(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 5.50% 8/26/2023 — (98) (103) 0.0 %
TEMPO BUYER CORP. (dba Global Claims Services)(13)(14)(16) First lien senior secured revolving loan L + 5.50% 8/26/2027 — (97) (103) 0.0 %
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(8)(16) First lien senior secured loan L + 5.50% 7/23/2027 15,055 14,771 14,754 0.9 %
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(8)(13)(14)(16) First lien senior secured revolving loan L + 5.50% 7/23/2027 18 (2) (4) 0.0 %
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6)(16) First lien senior secured loan L + 5.25% 12/22/2028 24,585 24,218 24,218 1.5 %
KWOR Acquisition, Inc. (dba Alacrity Solutions)(12)(13)(16) First lien senior secured revolving loan P + 4.25% 12/22/2027 341 290 290 0.0 %
380,192 369,798 369,832 23.2 %
Internet software and services
Bayshore Intermediate #2, L.P. (dba Boomi)(8)(16) First lien senior secured loan L + 7.75% PIK 10/2/2028 19,121 18,702 18,690 1.2 %
Bayshore Intermediate #2, L.P. (dba Boomi)(13)(14)(16) First lien senior secured revolving loan L + 6.75% 10/1/2027 — (34) (36) 0.0 %
BCPE Nucleon (DE) SPV, LP(9)(16) First lien senior secured loan L + 7.00% 9/24/2026 1,333 1,316 1,327 0.1 %
BCTO BSI Buyer, Inc. (dba Buildertrend)(8)(16) First lien senior secured loan L + 7.00% 12/23/2026 893 885 888 0.1 %
BCTO BSI Buyer, Inc. (dba Buildertrend)(8)(13)(16) First lien senior secured revolving loan L + 7.00% 12/23/2026 60 59 60 0.0 %
CivicPlus, LLC(8)(16) First lien senior secured loan L + 6.00% 8/24/2027 9,387 9,297 9,293 0.6 %
CivicPlus, LLC(13)(15)(16) First lien senior secured delayed draw term loan L + 6.00% 8/24/2023 — — — 0.0 %
CivicPlus, LLC(13)(14)(16) First lien senior secured revolving loan L + 6.00% 8/24/2027 — (8) (9) 0.0 %
EET Buyer, Inc. (dba e-Emphasys)(8)(16) First lien senior secured loan L + 5.75% 11/8/2027 19,545 19,355 19,350 1.2 %
EET Buyer, Inc. (dba e-Emphasys)(13)(14)(16) First lien senior secured revolving loan L + 5.75% 11/8/2027 — (19) (20) 0.0 %
GovBrands Intermediate, Inc.(8)(16) First lien senior secured loan L + 5.50% 8/4/2027 8,346 8,149 8,137 0.5 %
GovBrands Intermediate, Inc.(6)(13)(15)(16) First lien senior secured delayed draw term loan L + 5.50% 8/4/2023 1,883 1,827 1,825 0.1 %
GovBrands Intermediate, Inc.(13)(14)(16) First lien senior secured revolving loan L + 5.50% 8/4/2027 — (21) (22) 0.0 %
Granicus, Inc.(8)(16) First lien senior secured loan L + 6.50% 1/29/2027 1,830 1,792 1,798 0.1 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Smarsh Inc.(11)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.50%	02/2024	10,381		10,188		10,277		0.2	%
Smarsh Inc.(11)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	02/2029	—		(45)		(52)		—	%
					274,314		272,787		269,443		5.2	%
Food and beverage
Balrog Acquisition, Inc. (dba Bakemark)(7)	First lien senior secured loan	L +	4.00%	09/2028	$	13,860	$	13,739	$	13,548	0.3	%
Balrog Acquisition, Inc. (dba BakeMark)(7)	Second lien senior secured loan	L +	7.00%	09/2029	6,000		5,956		5,940		0.1	%
CFS Brands, LLC(8)	First lien senior secured loan	L +	3.00%	03/2025	44,294		43,100		41,858		0.8	%
Dessert Holdings(7)	First lien senior secured loan	L +	4.00%	06/2028	19,800		19,712		18,315		0.3	%
Hissho Sushi Merger Sub LLC(10)	First lien senior secured loan	SR +	5.75%	05/2028	113,118		112,079		112,835		2.1	%
Hissho Sushi Merger Sub LLC(10)(17)	First lien senior secured revolving loan	SR +	5.75%	05/2028	1,749		1,671		1,727		—	%
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(9)	First lien senior secured loan	SR +	6.25%	03/2027	275,000		270,490		269,500		5.1	%


KBP Brands, LLC(10)	First lien senior secured loan	SR +	6.50% (0.50% PIK)	05/2027	14,690		14,530		14,360		0.3	%
KBP Brands, LLC(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.00% (0.50% PIK)	12/2023	33,381		33,019		32,614		0.6	%
Naked Juice LLC (dba Tropicana)(10)(22)	First lien senior secured loan	SR +	3.25%	01/2029	14,302		14,277		12,756		0.2	%
Ole Smoky Distillery, LLC(9)	First lien senior secured loan	SR +	5.25%	03/2028	24,909		24,463		24,411		0.5	%
Ole Smoky Distillery, LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	5.25%	03/2028	—		(58)		(66)		—	%
Pegasus BidCo B.V.(10)(21)(23)	First lien senior secured loan	SR +	4.25%	07/2029	5,500		5,448		5,321		0.1	%
Shearer's Foods, LLC(6)(22)	First lien senior secured loan	L +	3.50%	09/2027	39,567		39,566		37,632		0.7	%
Sovos Brands Intermediate, Inc.(7)(22)	First lien senior secured loan	L +	3.50%	06/2028	10,145		10,137		9,858		0.2	%
Ultimate Baked Goods Midco, LLC(6)	First lien senior secured loan	L +	6.50%	08/2027	16,335		16,004		15,845		0.3	%
Ultimate Baked Goods Midco, LLC(6)(17)	First lien senior secured revolving loan	L +	6.50%	08/2027	525		487		465		—	%
					633,175		624,620		616,919		11.6	%
Healthcare equipment and services
Canadian Hospital Specialties Ltd.(12)(23)	First lien senior secured loan	C +	4.50%	04/2028	$	3,258	$	3,480	$	3,184	0.1	%
Canadian Hospital Specialties Ltd.(17)(18)(19)(23)	First lien senior secured delayed draw term loan	C +	4.50%	04/2023	—		(6)		(10)		—	%
Canadian Hospital Specialties Ltd.(12)(23)	First lien senior secured delayed draw term loan	C +	4.50%	04/2028	112		121		110		—	%
Canadian Hospital Specialties Ltd.(12)(23)	First lien senior secured delayed draw term loan	C +	4.50%	04/2028	125		134		122		—	%
Canadian Hospital Specialties Ltd.(12)(17)(23)	First lien senior secured revolving loan	C +	4.50%	04/2027	190		167		180		—	%
Confluent Medical Technologies, Inc.(10)	First lien senior secured loan	SR +	3.75%	02/2029	24,975		24,863		23,664		0.5	%
Confluent Medical Technologies, Inc.(10)	Second lien senior secured loan	SR +	6.50%	02/2030	46,000		45,154		43,585		0.8	%

3134

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
Granicus, Inc.(13)(14)(16) First lien senior secured revolving loan L + 6.50% 1/29/2027 — (3) (3) 0.0 %
Granicus, Inc.(8)(13)(15)(16) First lien senior secured delayed draw term loan L + 6.00% 1/30/2023 208 203 203 0.0 %
GS Acquisitionco, Inc. (dba insightsoftware)(8) First lien senior secured loan L + 5.75% 5/22/2026 5,805 5,777 5,776 0.4 %
GS Acquisitionco, Inc. (dba insightsoftware)(8)(13)(14)(15) First lien senior secured delayed draw term loan L + 5.75% 11/2/2022 — (12) (13) 0.0 %
Help/Systems Holdings, Inc.(7)(16)(17) First lien senior secured loan L + 4.75% 11/19/2026 7,698 7,695 7,665 0.5 %
Hyland Software, Inc.(6) Second lien senior secured loan L + 6.25% 7/7/2025 22,500 22,491 22,642 1.4 %
Ivanti Software, Inc.(8) Second lien senior secured loan L + 7.25% 12/1/2028 19,000 18,906 18,905 1.2 %
MessageBird BidCo B.V.(8)(16)(18) First lien senior secured loan L + 6.75% 4/29/2027 5,000 4,899 4,900 0.3 %
Ministry Brands Holdings, LLC(8)(16) First lien senior secured loan L + 5.50% 12/29/2028 49,435 48,447 48,446 3.1 %
Ministry Brands Holdings, LLC(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 5.50% 12/29/2023 — (158) (158) 0.0 %
Ministry Brands Holdings, LLC(13)(14)(16) First lien senior secured revolving loan L + 5.50% 12/27/2027 — (95) (95) 0.0 %
QAD, Inc.(8)(16) First lien senior secured loan L + 6.00% 11/5/2027 46,500 45,589 45,570 2.9 %
QAD, Inc.(13)(14)(16) First lien senior secured revolving loan L + 6.00% 11/5/2027 — (117) (120) 0.0 %
Proofpoint, Inc.(8)(16) Second lien senior secured loan L + 6.25% 9/1/2029 7,500 7,464 7,463 0.5 %
Tahoe Finco, LLC(8)(16)(18) First lien senior secured loan L + 6.00% 9/29/2028 83,721 82,906 82,716 5.2 %
Tahoe Finco, LLC(13)(14)(16)(18) First lien senior secured revolving loan L + 6.00% 10/1/2027 — (60) (75) 0.0 %
Thunder Purchaser, Inc. (dba Vector Solutions)(9)(16) First lien senior secured loan L + 5.75% 6/30/2028 12,063 11,949 11,972 0.7 %
Thunder Purchaser, Inc. (dba Vector Solutions)(13)(14)(16) First lien senior secured revolving loan L + 5.75% 6/30/2027 — (7) (5) 0.0 %
Thunder Purchaser, Inc. (dba Vector Solutions)(13)(15)(16) First lien senior secured delayed draw term loan L + 5.75% 8/17/2023 — — — 0.0 %
Trader Interactive, LLC (fka Dominion Web Solutions, LLC)(9)(16) First lien senior secured loan L + 4.00% 7/28/2028 5,000 4,979 4,975 0.3 %
When I Work, Inc.(8) First lien senior secured loan L + 6.00% 11/2/2027 22,206 21,988 21,983 1.4 %
When I Work, Inc.(13)(14) First lien senior secured revolving loan L + 6.00% 11/2/2027 — (40) (42) 0.0 %
349,034 344,101 343,986 21.8 %
Leisure and entertainment
Troon Golf, L.L.C.(8)(16) First lien senior secured loan L + 6.00% 8/5/2027 94,358 93,913 93,886 5.9 %
Troon Golf, L.L.C.(13)(14)(16) First lien senior secured revolving loan L + 6.00% 8/5/2026 — (33) (36) 0.0 %
94,358 93,880 93,850 5.9 %
Manufacturing
ACR Group Borrower, LLC(8)(16) First lien senior secured loan L + 4.25% 3/31/2028 4,104 4,050 4,063 0.3 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Dermatology Intermediate Holdings III, Inc(9)(21)	First lien senior secured loan	SR +	4.25%	04/2029	13,103		12,864		12,841		0.2	%
Dermatology Intermediate Holdings III, Inc(9)(17)(19)	First lien senior secured delayed draw term loan	SR +	4.25%	04/2024	2,219		2,155		2,175		—	%
CSC MKG Topco LLC. (dba Medical Knowledge Group)(6)	First lien senior secured loan	L +	5.75%	02/2029	97,711		95,958		95,513		1.8	%
CSC MKG Topco LLC. (dba Medical Knowledge Group)(10)	First lien senior secured loan	SR +	5.75%	02/2029	3,085		2,989		3,015		0.1	%
Medline Borrower, LP(6)(22)	First lien senior secured loan	L +	3.25%	10/2028	24,813		24,709		23,547		0.4	%
Medline Borrower, LP(6)(17)(18)	First lien senior secured revolving loan	L +	3.25%	10/2026	—		(34)		(136)		—	%
Natus Medical Inc.(10)(21)	First lien senior secured loan	SR +	5.50%	07/2029	500		467		468		—	%
Packaging Coordinators Midco, Inc.(7)	Second lien senior secured loan	L +	7.00%	12/2029	53,918		52,397		50,953		1.0	%
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(23)	First lien senior secured loan	SR +	6.75%	01/2028	50,902		50,237		50,266		0.9	%

Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(17)(23)	First lien senior secured revolving loan	SR +	6.75%	01/2026	19		18		18		—	%
Rhea Parent, Inc.(10)	First lien senior secured loan	SR +	5.75%	02/2029	77,379		75,982		75,638		1.4	%
					398,309		391,655		385,133		7.2	%
Healthcare providers and services
Covetrus, Inc.(10)(22)	First lien senior secured loan	SR +	5.00%	10/2029	$	7,490	$	7,052	$	6,999	0.1	%
Covetrus Inc.(10)	Second lien senior secured loan	SR +	9.25%	10/2030	160,000		156,786		156,736		3.0	%
Ex Vivo Parent Inc. (dba OB Hospitalist)(7)	First lien senior secured loan	L +	9.50%	09/2028	30,503		29,972		29,816		0.6	%
Engage Debtco Limited(10)(23)	First lien senior secured loan	SR +	5.75%	07/2029	60,833		59,389		59,464		1.1	%
Engage Debtco Limited(9)(23)	First lien senior secured loan	SR +	7.25%	07/2029	30,367		29,456		30,139		0.6	%
Engage Debtco Limited(10)(23)	First lien senior secured delayed draw term loan	SR +	5.75%	07/2029	19,750		19,285		19,306		0.4	%
MJH Healthcare Holdings, LLC(9)(21)	First lien senior secured loan	SR +	3.50%	01/2029	19,850		19,779		19,056		0.4	%
Natural Partners, LLC(8)(23)	First lien senior secured loan	L +	6.00%	11/2027	68,679		67,476		67,306		1.3	%
Natural Partners, LLC(8)(17)(18)(23)	First lien senior secured revolving loan	L +	6.00%	11/2027	—		(87)		(101)		—	%
OB Hospitalist Group, Inc.(7)	First lien senior secured loan	L +	5.50%	09/2027	61,193		60,186		60,429		1.2	%
OB Hospitalist Group, Inc.(7)(17)	First lien senior secured revolving loan	L +	5.50%	09/2027	2,771		2,645		2,671		0.1	%
Pacific BidCo Inc.(10)(23)	First lien senior secured loan	SR +	5.75%	08/2029	161,148		157,289		157,522		3.0	%
Pacific BidCo Inc.(10)(17)(18)(19)(23)	First lien senior secured delayed draw term loan	SR +	5.25%	08/2025	—		(211)		(179)		—	%
Parexel International, Inc. (dba Parexel)(6)(22)	First lien senior secured loan	L +	3.25%	11/2028	19,850		19,764		19,084		0.4	%
Parexel International, Inc. (dba Parexel)(6)	Second lien senior secured loan	L +	6.50%	11/2029	140,000		138,699		137,200		2.6	%
Physician Partners, LLC(9)(22)	First lien senior secured loan	SR +	4.00%	12/2028	12,878		12,763		12,240		0.2	%
Plasma Buyer LLC (dba Pathgroup)(9)	First lien senior secured loan	SR +	5.75%	05/2029	109,857		107,814		107,934		2.1	%

3235

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
ACR Group Borrower, LLC(13)(14)(16) First lien senior secured revolving loan L + 4.50% 3/31/2026 — (11) (9) 0.0 %
Engineered Machinery Holdings, Inc. (dba Duravant)(8)(16)(17) First lien senior secured loan L + 3.75% 5/19/2028 5,000 4,976 4,981 0.3 %
Engineered Machinery Holdings, Inc. (dba Duravant)(8) Second lien senior secured loan L + 6.50% 5/21/2029 21,000 20,905 21,000 1.3 %
Gloves Buyer, Inc. (dba Protective Industrial Products)(6)(16) Second lien senior secured loan L + 8.25% 12/29/2028 900 879 888 0.1 %
MHE Intermediate Holdings, LLC (dba OnPoint Group)(8)(16) First lien senior secured loan L + 5.75% 7/21/2027 40,969 40,584 40,559 2.6 %
MHE Intermediate Holdings, LLC (dba OnPoint Group)(8)(13)(15)(16) First lien senior secured delayed draw term loan L + 5.75% 7/21/2023 3,085 3,055 3,054 0.2 %
MHE Intermediate Holdings, LLC (dba OnPoint Group)(13)(14)(16) First lien senior secured revolving loan L + 5.75% 7/21/2027 — (33) (36) 0.0 %
75,058 74,405 74,500 4.8 %
Professional Services
Apex Group Treasury, LLC(8)(16)(18) Second lien senior secured loan L + 6.75% 7/27/2029 5,000 4,952 4,950 0.3 %
Apex Group Treasury, LLC(13)(15)(16)(18) Second lien senior secured delayed draw term loan L + 6.75% 6/30/2022 — — — 0.0 %
Apex Group Treasury, LLC(8)(16)(18) First lien senior secured loan L + 3.75% 7/27/2028 4,988 4,976 4,975 0.3 %
Guidehouse Inc.(6)(16) First lien senior secured loan L + 5.50% 10/16/2028 92,982 92,077 92,053 5.8 %
Guidehouse Inc.(13)(16) First lien senior secured revolving loan L + 5.50% 10/15/2027 — — (70) 0.0 %
Relativity ODA LLC(6)(16) First lien senior secured loan L + 7.50% PIK 5/12/2027 4,585 4,526 4,528 0.3 %
Relativity ODA LLC(13)(14)(16) First lien senior secured revolving loan L + 6.50% 5/12/2027 — (6) (5) 0.0 %
Sovos Compliance, LLC(6)(16)(17) First lien senior secured loan L + 4.50% 8/11/2028 6,396 6,380 6,408 0.4 %
Sovos Compliance, LLC(13)(16)(17) First lien senior secured delayed draw term loan L + 4.50% 8/12/2023 — — — 0.0 %
113,951 112,905 112,839 7.1 %
Specialty retail
Notorious Topco, LLC (dba Beauty Industry Group)(8)(16) First lien senior secured loan L + 6.50% 11/23/2027 60,915 60,015 60,002 3.8 %
Notorious Topco, LLC (dba Beauty Industry Group)(13)(14)(15)(16) First lien senior secured delayed draw term loan L + 6.50% 11/23/2023 — (54) (22) 0.0 %
Notorious Topco, LLC (dba Beauty Industry Group)(13)(16) First lien senior secured revolving loan L + 6.50% 5/24/2027 880 803 801 0.1 %
Milan Laser Holdings LLC(8)(16) First lien senior secured loan L + 5.00% 4/27/2027 20,632 20,445 20,477 1.3 %
Milan Laser Holdings LLC(13)(14)(16) First lien senior secured revolving loan L + 5.00% 4/27/2026 — (15) (13) 0.0 %
The Shade Store, LLC(8)(16) First lien senior secured loan L + 6.00% 10/13/2027 68,182 67,355 67,330 4.3 %
The Shade Store, LLC(13)(14)(16) First lien senior secured revolving loan L + 6.00% 10/13/2027 — (81) (85) 0.0 %
150,609 148,468 148,490 9.5 %
Telecommunications
Park Place Technologies, LLC(6)(16)(17) First lien senior secured loan L + 5.00% 11/10/2027 993 958 989 0.1 %
993 958 989 0.1 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Plasma Buyer LLC (dba Pathgroup)(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	05/2024	—		(259)		(214)		—	%
Plasma Buyer LLC (dba Pathgroup)(9)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	05/2028	—		(219)		(214)		—	%
Pediatric Associates Holding Company, LLC(6)(21)	First lien senior secured loan	L +	3.25%	12/2028	19,850		19,774		18,808		0.4	%
Pediatric Associates Holding Company, LLC(6)(17)(19)	First lien senior secured delayed draw term loan	L +	3.25%	02/2024	1,763		1,758		1,586		—	%
PPV Intermediate Holdings, LLC(10)	First lien senior secured loan	SR +	5.75%	08/2029	144,149		141,541		141,266		2.7	%
PPV Intermediate Holdings, LLC(10)(17)	First lien senior secured revolving loan	SR +	5.75%	08/2029	3,201		2,975		2,964		0.1	%
PPV Intermediate Holdings, LLC(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	09/2024	—		(235)		(192)		—	%
TC Holdings, LLC (dba TrialCard)(10)	First lien senior secured loan	SR +	5.00%	04/2027	64,408		63,844		64,247		1.2	%
TC Holdings, LLC (dba TrialCard)(10)(17)(18)	First lien senior secured revolving loan	SR +	5.00%	04/2027	—		(67)		(19)		—	%
Tivity Health, Inc(10)	First lien senior secured loan	SR +	6.00%	06/2029	151,620		148,052		149,346		2.8	%
Unified Women's Healthcare, LP(9)	First lien senior secured loan	SR +	5.25%	06/2029	80,664		80,094		80,664		1.5	%
Unified Women's Healthcare, LP(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.25%	06/2024	—		(21)		—		—	%
Unified Women's Healthcare, LP(9)(17)(18)	First lien senior secured revolving loan	SR +	5.50%	06/2029	—		(56)		—		—	%
Quva Pharma, Inc. (7)	First lien senior secured loan	L +	5.50%	04/2028	4,489		4,381		4,399		0.1	%
Quva Pharma, Inc. (7)(17)	First lien senior secured revolving loan	L +	5.50%	04/2026	218		209		209		—	%
WP CityMD Bidco LLC(6)(21)(22)	First lien senior secured loan	L +	3.25%	12/2028	19,294		19,245		19,247		0.4	%
Diagnostic Services Holdings, Inc. (dba Rayus Radiology)(6)	First lien senior secured loan	L +	5.50%	03/2025	120,215		120,215		119,012		2.3	%



Vermont Aus Pty Ltd.(10)(23)	First lien senior secured loan	SR +	5.50%	03/2028	54,091		52,885		52,739		1.0	%
					1,569,131		1,542,173		1,539,470		29.6	%
Healthcare technology
Athenahealth Group Inc.(9)(22)	First lien senior secured loan	SR +	3.50%	02/2029	$	29,634	$	29,215	$	26,683	0.5	%
Athenahealth Group Inc.(9)(17)(18)(19)(22)	First lien senior secured delayed draw term loan	SR +	3.50%	08/2023	—		(34)		(344)		—	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)	First lien senior secured loan	L +	5.75%	08/2028	53,767		53,044		52,557		1.0	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	5.75%	08/2023	—		(189)		(349)		—	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(7)(17)(18)	First lien senior secured revolving loan	L +	5.75%	08/2026	—		(54)		(105)		—	%
Color Intermediate, LLC(10)	First lien senior secured loan	SR +	5.50%	10/2029	9,234		9,054		9,050		0.2	%
IMO Investor Holdings, Inc.(11)	First lien senior secured loan	SR +	6.00%	05/2029	20,794		20,407		20,534		0.4	%
IMO Investor Holdings, Inc.(11)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.00%	05/2024	—		(45)		(12)		—	%

3336

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
Transportation
Motus Group, LLC(8)(16) Second lien senior secured loan L + 6.50% 12/10/2029 10,000 9,901 9,900 0.6 %
10,000 9,901 9,900 0.6
Total non-controlled/non-affiliated portfolio
company debt investments $ 3,035,699 $ 2,988,942 $ 2,991,697 189.1 %
Equity Investments
Automotive
CD&R Value Building Partners I, L.P. (dba Belron)(16)(18)(19)(21) LP Interest N/A N/A 33,000 33,064 33,000 2.1 %
Metis HoldCo, Inc. (dba Mavis Tire Express
Services)(16)(19) Series A Convertible Preferred Stock 7.00% PIK N/A 10,769 10,928 11,215 0.7 %
43,992 44,215 2.8 %
Buildings and real estate
Skyline Holdco B, Inc. (dba Dodge Data &
Analytics)(16)(19)(21) Series A Preferred Stock N/A N/A 143,963 216 238 0.0 %
216 238 0.0 %
Business services
Denali Holding LP (dba Summit Companies)(16)(19)(21) Class A Units N/A N/A 596,708 5,967 5,967 0.4 %
Hercules Buyer LLC (dba The Vincit Group)(16)(19)(21)(23) Common Units N/A N/A 10,000 11 12 0.0 %
5,978 5,979 0.4 %
Consumer products
ASP Conair Holdings LP(16)(19)(21) Class A Units N/A N/A 9,286 929 929 0.1 %
929 929 0.1 %
Healthcare equipment and services
KPCI Holdings, L.P.(16)(19)(21) Class A Units N/A N/A 30,425 2,313 2,675 0.1 %
Patriot Holdings SCSp (dba Corza Health,
Inc.)(16)(19) Class A Units 8.00% PIK N/A 982 991 991 0.1 %
Patriot Holdings SCSp (dba Corza Health,
Inc.)(16)(19)(21) Class B Units N/A N/A 13,517 146 153 0.0 %
3,450 3,819 0.2 %
Healthcare providers and services
KOBHG Holdings, L.P. (dba OB Hospitalist)(16)(19)(21) Class A Interests N/A N/A 3,520 3,520 3,520 0.2 %
Restore OMH Intermediate Holdings, Inc.(16)(19) Senior Preferred Stock 13.00% PIK N/A 349 341 340 0.0 %
3,861 3,860 0.2 %
Human resource support services
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)(16)(19) Series A Preferred Stock 10.50% PIK N/A 12,750 12,717 12,710 0.8 %
12,717 12,710 0.8 %
Insurance
Evolution Parent, LP (dba SIAA)(16)(19)(21) LP Interest N/A N/A 270 270 270 0.0 %
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(16)(19)(21) LP Interest N/A N/A 421 422 421 0.0 %
PCF Holdco, LLC (dba PCF Insurance Services)(16)(19)(21) Class A Units N/A N/A 4,639,506 11,788 11,789 0.7 %
PCF Holdco, LLC (dba PCF Insurance Services)(16)(19)(21) Class A Warrants N/A N/A 1,398,737 3,547 3,547 0.2 %
16,027 16,027 0.9 %
Internet software and services
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(16)(19)(21) Common Units N/A N/A 1,729,438 1,729 1,729 0.1 %
MessageBird Holding B.V.(16)(18)(19)(21) Extended Series C Warrants N/A N/A 7,980 49 49 0.0 %
Thunder Topco L.P. (dba Vector Solutions)(16)(19)(21) Common Units N/A N/A 712,884 713 841 0.1 %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
IMO Investor Holdings, Inc.(11)(17)	First lien senior secured revolving loan	SR +	6.00%	05/2028	472		427		440		—	%
Interoperability Bidco, Inc. (dba Lyniate)(10)	First lien senior secured loan	SR +	7.00%	12/2026	75,948		75,530		75,378		1.4	%

Interoperability Bidco, Inc. (dba Lyniate)(7)(17)	First lien senior secured revolving loan	L +	7.00%	12/2024	1,739		1,724		1,713		—	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)	First lien senior secured loan	SR +	6.00%	10/2028	20,817		20,457		20,296		0.4	%

GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.00%	03/2024	2,394		2,283		2,220		—	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(17)	First lien senior secured revolving loan	SR +	6.00%	10/2027	167		140		125		—	%
Imprivata, Inc.(9)(22)	First lien senior secured loan	SR +	4.25%	12/2027	10,556		10,264		10,160		0.2	%
Imprivata, Inc.(9)	Second lien senior secured loan	SR +	6.25%	12/2028	50,294		49,791		49,036		0.9	%
Ocala Bidco, Inc.(7)	First lien senior secured loan	L +	6.25% (2.75% PIK)	11/2028	81,511		79,789		79,473		1.5	%
Ocala Bidco, Inc.(7)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	3.50%	05/2024	—		(89)		(106)		—	%
Ocala Bidco, Inc.(7)	Second lien senior secured loan	L +	10.50% PIK	11/2033	42,611		41,889		41,972		0.8	%
Intelerad Medical Systems Inc.(10)(23)	First lien senior secured loan	SR +	6.50%	08/2026	30,081		29,779		29,930		0.6	%
Intelerad Medical Systems Inc.(9)(23)	First lien senior secured revolving loan	SR +	6.50%	08/2026	1,145		1,145		1,139		—	%
PointClickCare Technologies Inc.(10)(23)	First lien senior secured loan	SR +	4.00%	12/2027	19,850		19,587		19,503		0.4	%
Project Ruby Ultimate Parent Corp. (dba Wellsky)(6)(22)	First lien senior secured loan	L +	3.25%	03/2028	14,396		13,922		13,581		0.3	%
					465,410		458,036		452,874		8.6	%
Household products
Aptive Environmental, LLC(16)	First lien senior secured loan		12.00% (6.00% PIK)	01/2026	$	8,559	$	7,179	$	7,703	0.1	%
Mario Purchaser, LLC (dba Len the Plumber)(9)	First lien senior secured loan	SR +	5.75%	04/2029	75,902		74,499		75,143		1.4	%
Mario Purchaser, LLC (dba Len the Plumber)(9)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	04/2024	11,760		11,285		11,642		0.2	%
Mario Purchaser, LLC (dba Len the Plumber)(9)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	04/2028	—		(142)		(80)		—	%
Mario Midco Holdings, Inc. (dba Len the Plumber)(9)	Unsecured facility	SR +	10.75% PIK	04/2032	23,752		23,124		23,396		0.4	%
Simplisafe Holding Corporation(9)	First lien senior secured loan	SR +	6.25%	05/2028	127,753		125,429		126,156		2.4	%
Simplisafe Holding Corporation(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.25%	05/2024	—		(143)		(40)		—	%
Southern Air & Heat Holdings, LLC(7)	First lien senior secured loan	L +	4.50%	10/2027	1,079		1,066		1,060		—	%
Southern Air & Heat Holdings, LLC(8)(17)(19)	First lien senior secured delayed draw term loan	L +	4.50%	10/2023	810		797		791		—	%
Southern Air & Heat Holdings, LLC(7)(17)	First lien senior secured revolving loan	L +	4.50%	10/2027	79		76		74		—	%
Walker Edison Furniture Company LLC(7)(32)	First lien senior secured loan	L +	8.75% (3.00% PIK)	03/2027	10,199		9,867		5,214		0.1	%
					259,893		253,037		251,059		4.6	%

3437

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Company(1)(2)(3)(25) Investment Interest Maturity
Date Par /
Units Amortized
Cost(4)(20) Fair
Value Percentage
of Net
Assets
WMC Bidco, Inc. (dba West Monroe)(16)(19) Senior Preferred Stock 11.25% PIK N/A 33,385 32,494 32,467 2.1 %
BCTO WIW Holdings, Inc. (dba When I Work)(16)(19)(21) Class A Common Stock N/A N/A 57,000 5,700 5,700 0.4 %
40,685 40,786 2.7 %
Manufacturing
Gloves Holding, LP (dba Protective Industrial Products)(16)(19)(21) LP Interest N/A N/A 100 100 112 0.0 %
100 112 0.0 %
Total non-controlled/non-affiliated portfolio
company equity investments $ 127,955 $ 128,675 8.1 %
Total Investments $ 3,116,897 $ 3,120,372 197.2 % %


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Human resource support services
Cornerstone OnDemand, Inc.(6)(21)	First lien senior secured loan	L +	3.75%	10/2028	$	19,850	$	19,765	$	18,858	0.4	%
Cornerstone OnDemand, Inc.(6)	Second lien senior secured loan	L +	6.50%	10/2029	44,583		43,991		42,800		0.8	%
IG Investments Holdings, LLC (dba Insight Global)(6)	First lien senior secured loan	L +	6.00%	09/2028	48,031		47,231		47,431		0.9	%

IG Investments Holdings, LLC (dba Insight Global)(6)(17)	First lien senior secured revolving loan	L +	6.00%	09/2027	1,445		1,388		1,400		—	%
					113,909		112,375		110,489		2.1	%
Infrastructure and environmental services
Aegion Corp.(6)(21)	First lien senior secured loan	L +	4.75%	05/2028	$	4,937	$	4,918	$	4,617	0.1	%
The Goldfield Corp.(9)	First lien senior secured loan	SR +	6.25%	12/2026	995		977		983		—	%
Osmose Utilities Services, Inc.(6)(21)(22)	First lien senior secured loan	L +	3.25%	06/2028	14,799		14,766		14,022		0.3	%
USIC Holdings, Inc.(6)(21)(22)	First lien senior secured loan	L +	3.50%	05/2028	4,938		4,918		4,704		0.1	%
USIC Holdings, Inc.(6)(21)	Second lien senior secured loan	L +	6.50%	05/2029	39,691		39,481		36,913		0.7	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(11)	First lien senior secured loan	SR +	5.75%	03/2028	32,447		31,869		31,798		0.6	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(9)(17)	First lien senior secured revolving loan	SR +	5.75%	03/2028	949		856		842		—	%
					98,756		97,785		93,879		1.8	%
Insurance
Acrisure, LLC(10)(22)	First lien senior secured loan	SR +	5.75%	02/2027	$	12,500	$	11,892	$	12,375	0.2	%
Acrisure, LLC(6)(22)	First lien senior secured loan	L +	3.50%	02/2027	8,728		8,226		8,182		0.2	%
Acrisure, LLC(6)(22)	First lien senior secured loan	L +	4.25%	02/2027	1,995		1,936		1,930		—	%
Acrisure, LLC(10)(22)	First lien senior secured loan	SR +	3.75%	02/2027	1,995		1,906		1,890		—	%
Alera Group, Inc.(9)	First lien senior secured loan	SR +	6.00%	10/2028	149,990		147,175		148,864		2.8	%


AmeriLife Holdings LLC(10)	First lien senior secured loan	SR +	5.75%	08/2029	130,182		127,670		127,904		2.4	%
AmeriLife Holdings LLC(10)(17)(18)	First lien senior secured revolving loan	SR +	5.75%	08/2028	—		(307)		(285)		—	%
AmeriLife Holdings LLC(11)(17)(19)	First lien senior secured delayed draw term loan	SR +	5.75%	09/2024	21,697		21,177		21,236		0.4	%
AssuredPartners, Inc.(6)(22)	First lien senior secured loan	L +	3.50%	02/2027	7,880		7,880		7,624		0.1	%
AssuredPartners, Inc.(9)(22)	First lien senior secured loan	SR +	3.50%	02/2027	24,813		24,760		24,068		0.5	%
AssuredPartners, Inc.(9)(22)	First lien senior secured loan	SR +	4.25%	02/2027	4,988		4,818		4,875		0.1	%
Asurion, LLC(6)(22)	First lien senior secured loan	L +	3.00%	11/2024	21,295		20,601		20,657		0.4	%
Asurion, LLC(6)(22)	Second lien senior secured loan	L +	5.25%	01/2029	154,017		150,387		119,040		2.3	%
Brightway Holdings, LLC(6)	First lien senior secured loan	L +	6.50%	12/2027	17,761		17,570		17,405		0.3	%
Brightway Holdings, LLC(6)(17)(18)	First lien senior secured revolving loan	L +	6.50%	12/2027	—		(22)		(42)		—	%
Evolution BuyerCo, Inc. (dba SIAA)(10)	First lien senior secured loan	SR +	6.25%	04/2028	26,336		26,094		25,941		0.4	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Evolution BuyerCo, Inc. (dba SIAA)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	12/2023	1,400		1,400		1,386		—	%
Evolution BuyerCo, Inc. (dba SIAA)(10)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	04/2027	—		(7)		(10)		—	%
Hyperion Refinance S.a.r.l (dba Howden Group)(9)(23)	First lien senior secured loan	SR +	5.25%	11/2027	38,177		37,436		37,414		0.7	%
Hyperion Refinance S.a.r.l (dba Howden Group)(9)(17)(19)(23)	First lien senior secured delayed draw term loan	SR +	5.25%	04/2023	—		—		—		—	%
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(8)	First lien senior secured loan	L +	9.50% PIK	07/2028	13,670		13,460		13,499		0.3	%
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	5.25%	06/2024	—		(80)		—		—	%
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(8)	First lien senior secured loan	L +	6.00%	11/2028	133,649		132,347		133,316		2.5	%



Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(11)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.00%	12/2023	60,469		59,959		60,317		1.1	%
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(8)(17)(18)	First lien senior secured revolving loan	L +	6.00%	11/2027	—		(21)		(6)		—	%
PCF Midco II, LLC (dba PCF Insurance Services)(16)	First lien senior secured loan		9.00% PIK	10/2031	49,242		45,330		44,318		0.8	%
Tempo Buyer Corp. (dba Global Claims Services)(7)	First lien senior secured loan	L +	5.50%	08/2028	36,159		35,548		35,255		0.7	%
Tempo Buyer Corp. (dba Global Claims Services)(7)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	5.50%	08/2023	—		(83)		(155)		—	%
Tempo Buyer Corp. (dba Global Claims Services)(15)(17)	First lien senior secured revolving loan	P +	4.50%	08/2027	413		333		284		—	%
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(7)	First lien senior secured loan	L +	5.50%	07/2027	14,904		14,666		14,606		0.3	%
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(15)(17)(18)	First lien senior secured revolving loan	P +	5.50%	07/2027	—		(17)		(22)		—	%
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6)	First lien senior secured loan	L +	5.25%	12/2028	32,703		32,285		32,436		0.6	%
KWOR Acquisition, Inc. (dba Alacrity Solutions)(6)(17)(18)	First lien senior secured revolving loan	L +	5.25%	12/2027	—		(42)		(34)		—	%
					964,963		944,277		914,268		17.1	%
Internet software and services
Anaplan, Inc.(9)	First lien senior secured loan	SR +	6.50%	06/2029	$	229,639	$	227,472	$	229,065	4.4	%
Anaplan, Inc.(9)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	06/2028	—		(151)		(41)		—	%
Appfire Technologies, LLC(10)	First lien senior secured loan	SR +	5.50%	03/2027	1,996		1,983		1,981		—	%
Appfire Technologies, LLC(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	5.50%	06/2024	—		(122)		—		—	%
Appfire Technologies, LLC(10)(17)	First lien senior secured revolving loan	SR +	5.50%	03/2027	93		72		81		—	%
Avalara, Inc.(10)	First lien senior secured loan	SR +	7.25%	10/2028	70,455		69,424		69,398		1.3	%
Avalara, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	7.25%	10/2028	—		(102)		(106)		—	%
Armstrong Bidco Limited (dba The Access Group)(14)(23)	First lien senior secured loan	SA +	5.25%	06/2029	31,962		31,917		31,562		0.6	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)	Fair Value	Percentage of Net Assets
Armstrong Bidco Limited (dba The Access Group)(14)(17)(19)(23)	First lien senior secured delayed draw term loan	SA +	5.25%	06/2025	12,942	12,914	12,780	0.2	%
Barracuda Parent, LLC(10)(22)	First lien senior secured loan	SR +	4.50%	08/2029	24,400	23,699	23,485	0.4	%
Barracuda Parent, LLC(10)	Second lien senior secured loan	SR +	7.00%	08/2030	93,250	90,535	89,054	1.7	%
Bayshore Intermediate #2, L.P. (dba Boomi)(6)	First lien senior secured loan	L +	7.75% PIK	10/2028	21,395	21,023	20,967	0.4	%
Bayshore Intermediate #2, L.P. (dba Boomi)(6)(17)	First lien senior secured revolving loan	L +	6.75%	10/2027	532	503	500	—	%
BCPE Nucleon (DE) SPV, LP(8)(23)	First lien senior secured loan	L +	7.00%	09/2026	24,012	23,799	23,952	0.5	%
BCTO BSI Buyer, Inc. (dba Buildertrend)(10)	First lien senior secured loan	SR +	8.00% PIK	12/2026	1,059	1,050	1,059	—	%
BCTO BSI Buyer, Inc. (dba Buildertrend)(10)(17)(18)	First lien senior secured revolving loan	SR +	8.00%	12/2026	—	(2)	—	—	%
BTRS Holdings Inc. (dba Billtrust)(10)	First lien senior secured loan	SR +	8.00%	12/2028	10,850	10,527	10,548	0.2	%
BTRS Holdings Inc. (dba Billtrust)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	7.00%	12/2024	—	—	(26)	—	%
BTRS Holdings Inc. (dba Billtrust)(17)(18)	First lien senior secured revolving loan	SR +	7.00%	12/2028	—	(34)	(32)	—	%
CivicPlus, LLC(7)	First lien senior secured loan	L +	6.75% (2.50% PIK)	08/2027	27,539	27,299	27,471	0.6	%


CivicPlus, LLC(7)(17)(18)	First lien senior secured revolving loan	L +	6.25%	08/2027	—	(19)	(6)	—	%
CP PIK Debt Issuer, LLC (dba CivicPlus, LLC)(11)	Unsecured notes	SR +	11.75% PIK	06/2034	14,315	13,930	14,100	0.3	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(10)(22)	First lien senior secured loan	SR +	3.75%	12/2027	4,314	4,289	3,974	0.1	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(10)	Second lien senior secured loan	SR +	7.25%	12/2028	49,222	48,964	45,776	0.9	%
EET Buyer, Inc. (dba e-Emphasys)(8)	First lien senior secured loan	L +	5.25%	11/2027	19,399	19,236	19,399	0.4	%
EET Buyer, Inc. (dba e-Emphasys)(8)(17)(18)	First lien senior secured revolving loan	L +	5.75%	11/2027	—	(16)	—	—	%
GovBrands Intermediate, Inc.(7)	First lien senior secured loan	L +	5.50%	08/2027	8,262	8,097	7,891	0.2	%
GovBrands Intermediate, Inc.(15)(17)(19)	First lien senior secured delayed draw term loan	P +	4.50%	08/2023	1,864	1,819	1,752	—	%
GovBrands Intermediate, Inc.(7)(17)	First lien senior secured revolving loan	L +	5.50%	08/2027	793	776	753	—	%
Granicus, Inc.(6)	First lien senior secured loan	L +	5.50%	01/2027	1,816	1,784	1,771	—	%
Granicus, Inc.(6)(17)	First lien senior secured revolving loan	L +	6.50%	01/2027	54	51	50	—	%
Granicus, Inc.(6)	First lien senior secured delayed draw term loan	L +	6.00%	01/2027	343	338	334	—	%
Grayshift, LLC(9)	First lien senior secured loan	SR +	7.50%	07/2028	22,468	22,257	22,299	0.4	%
Grayshift, LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	7.50%	07/2028	—	(22)	(18)	—	%
GS Acquisitionco, Inc. (dba insightsoftware)(7)	First lien senior secured loan	L +	5.75%	05/2026	8,994	8,959	8,949	0.2	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)	Fair Value	Percentage of Net Assets
Help/Systems Holdings, Inc.(10)(22)	First lien senior secured loan	SR +	4.00%	11/2026	64,534	64,244	57,919	1.1	%
Help/Systems Holdings, Inc.(10)	Second lien senior secured loan	SR +	6.75%	11/2027	25,000	24,753	22,500	0.4	%
Hyland Software, Inc.(6)(22)	First lien senior secured loan	L +	3.50%	07/2024	23,656	23,442	23,308	0.4	%
Hyland Software, Inc.(6)	Second lien senior secured loan	L +	6.25%	07/2025	60,517	60,275	57,188	1.1	%
Ivanti Software, Inc.(7)	Second lien senior secured loan	L +	7.25%	12/2028	19,000	18,916	14,250	0.3	%
MessageBird BidCo B.V.(6)(23)	First lien senior secured loan	L +	6.75%	05/2027	5,000	4,915	4,888	0.1	%
Ministry Brands Holdings, LLC.(6)	First lien senior secured loan	L +	5.50%	12/2028	49,064	48,195	47,838	0.9	%
Ministry Brands Holdings, LLC.(6)(17)(18)(19)	First lien senior secured delayed draw term loan	L +	5.50%	12/2023	—	(135)	(237)	—	%
Ministry Brands Holdings, LLC.(6)(17)	First lien senior secured revolving loan	L +	5.50%	12/2027	2,373	2,294	2,254	—	%
Mitnick Corporate Purchaser, Inc.(9)(17)(21)	First lien senior secured revolving loan	SR +	3.50%	05/2027	663	669	663	—	%
QAD Inc.(6)	First lien senior secured loan	L +	6.00%	11/2027	46,151	45,375	44,997	0.9	%
QAD Inc.(6)(17)(18)	First lien senior secured revolving loan	L +	6.00%	11/2027	—	(97)	(150)	—	%
Perforce Software, Inc.(9)	First lien senior secured loan	SR +	4.50%	07/2026	14,925	14,602	14,701	0.3	%
Proofpoint, Inc.(7)(22)	First lien senior secured loan	L +	3.25%	08/2028	3,232	3,122	3,101	0.1	%
Proofpoint, Inc.(7)	Second lien senior secured loan	L +	6.25%	08/2029	7,500	7,467	7,181	0.1	%
Sailpoint Technologies Holdings, Inc.(9)	First lien senior secured loan	SR +	6.25%	08/2029	59,880	58,663	58,682	1.1	%
Sailpoint Technologies Holdings, Inc.(9)(17)(18)	First lien senior secured revolving loan	SR +	6.25%	08/2028	—	(107)	(114)	—	%
Securonix, Inc.(10)	First lien senior secured loan	SR +	6.50%	04/2028	29,661	29,394	29,364	0.6	%
Securonix, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	04/2028	—	(47)	(53)	—	%
Sophos Holdings, LLC(7)(22)(23)	First lien senior secured loan	L +	3.50%	03/2027	20,134	20,078	19,480	0.4	%
Tahoe Finco, LLC(6)(23)	First lien senior secured loan	L +	6.00%	09/2028	83,721	83,003	82,256	1.6	%
Tahoe Finco, LLC(6)(17)(18)(23)	First lien senior secured revolving loan	L +	6.00%	10/2027	—	(50)	(110)	—	%
Thunder Purchaser, Inc. (dba Vector Solutions)(7)	First lien senior secured loan	L +	5.75%	06/2028	11,942	11,844	11,703	0.1	%

Thunder Purchaser, Inc. (dba Vector Solutions)(7)(17)	First lien senior secured revolving loan	L +	5.75%	06/2027	245	240	231	—	%

Thunder Purchaser, Inc. (dba Vector Solutions)(7)(17)(19)	First lien senior secured delayed draw term loan	L +	5.75%	08/2023	731	724	704	—	%
When I Work, Inc.(7)	First lien senior secured loan	L +	7.00% PIK	11/2027	23,410	23,223	22,942	0.4	%
Zendesk, Inc.(10)	First lien senior secured loan	SR +	6.50%	11/2028	120,319	117,945	117,311	2.2	%
Zendesk, Inc.(10)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.50%	11/2024	—	(1,098)	(451)	—	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Zendesk, Inc.(10)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	11/2028	—		(243)		(310)		—	%
When I Work, Inc.(7)(17)(18)	First lien senior secured revolving loan	L +	6.00%	11/2027	—		(34)		(83)		—	%
					1,353,626		1,333,821		1,310,675		24.9	%
Leisure and entertainment
Troon Golf, L.L.C.(8)	First lien senior secured loan	L +	5.75%	08/2027	$	93,412	$	93,037	$	93,412	1.8	%
Troon Golf, L.L.C.(8)(17)(18)	First lien senior secured revolving loan	L +	6.00%	08/2026	—		(26)		—		—	%
Troon Golf, L.L.C.(7)(17)(19)	First lien senior secured delayed draw term loan	L +	5.75%	05/2024	39,850		39,275		39,850		0.8	%
					133,262		132,286		133,262		2.6	%
Manufacturing
ACR Group Borrower, LLC(7)	First lien senior secured loan	L +	4.50%	03/2028	$	4,063	$	4,016	$	3,972	0.1	%
ACR Group Borrower, LLC(10)	First lien senior secured loan	SR +	6.00%	03/2028	873		861		866		—	%
ACR Group Borrower, LLC(7)(17)	First lien senior secured revolving loan	L +	4.50%	03/2026	337		329		318		—	%
BCPE Watson (DE) ORML, LP(11)(23)(27)	First lien senior secured loan	SR +	6.50%	07/2028	101,500		100,550		100,485		1.9	%
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(22)	First lien senior secured loan	L +	3.75%	05/2028	4,950		4,930		4,783		0.1	%
Engineered Machinery Holdings, Inc. (dba Duravant)(7)(21)	Second lien senior secured loan	L +	6.50%	05/2029	37,181		37,026		36,902		0.7	%
Engineered Machinery Holdings, Inc. (dba Duravant)(7)	Second lien senior secured loan	L +	6.00%	05/2029	19,160		19,115		18,921		0.4	%
Gloves Buyer, Inc. (dba Protective Industrial Products)(6)	First lien senior secured loan	L +	4.00%	12/2027	18,775		18,433		18,634		0.4	%
Gloves Buyer, Inc. (dba Protective Industrial Products)(6)	Second lien senior secured loan	L +	8.25%	12/2028	11,728		11,457		11,553		0.2	%

MHE Intermediate Holdings, LLC (dba OnPoint Group)(11)	First lien senior secured loan	SR +	6.00%	07/2027	87,049		86,306		86,177		1.7	%
MHE Intermediate Holdings, LLC (dba OnPoint Group)(11)	First lien senior secured loan	SR +	6.25%	07/2027	12,968		12,722		12,870		0.2	%


MHE Intermediate Holdings, LLC (dba OnPoint Group)(11)(17)	First lien senior secured revolving loan	SR +	6.00%	07/2027	500		473		464		—	%
Pro Mach Group, Inc.(6)(22)	First lien senior secured loan	L +	4.00%	08/2028	30,628		30,462		29,740		0.6	%
					329,712		326,680		325,685		6.3	%
Professional Services
Apex Group Treasury, LLC(9)(23)	First lien senior secured loan	SR +	5.00%	07/2028	$	25,000	$	23,509	$	24,000	0.5	%
Apex Group Treasury, LLC(7)(23)	Second lien senior secured loan	L +	6.75%	07/2029	11,618		11,444		11,037		0.2	%

Apex Service Partners, LLC(11)	First lien senior secured delayed draw term loan	SR +	5.50%	07/2025	91,701		90,581		91,013		1.7	%
Apex Service Partners, LLC(11)(17)	First lien senior secured revolving loan	SR +	5.25%	07/2025	2,875		2,821		2,841		0.1	%
Apex Service Partners Intermediate 2, LLC(16)	First lien senior secured loan		12.50% PIK	07/2027	5,120		5,003		5,017		0.1	%
Corporation Service Company(9)(21)(22)	First lien senior secured loan	SR +	3.25%	11/2029	3,000		2,914		2,963		0.1	%
EM Midco2 Ltd. (dba Element Materials Technology)(10)(21)(23)	First lien senior secured loan	SR +	4.25%	06/2029	27,948		27,916		27,388		0.5	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Guidehouse Inc.(6)	First lien senior secured loan	L +	6.25%	10/2028	106,731		105,657		105,664		2.0	%
Relativity ODA LLC(6)	First lien senior secured loan	L +	7.75% PIK	05/2027	4,984		4,933		4,972		0.1	%
Relativity ODA LLC(6)(17)(18)	First lien senior secured revolving loan	L +	6.50%	05/2027	—		(5)		(1)		—	%
Sovos Compliance, LLC(6)(22)	First lien senior secured loan	L +	4.50%	08/2028	24,330		23,965		22,383		0.4	%
Vistage Worldwide, Inc.(9)(21)	First lien senior secured loan	SR +	5.25%	07/2029	4,988		4,857		4,863		0.1	%
					308,295		303,595		302,140		5.8	%
Specialty retail
Central Parent, Inc.(10)(22)	First lien senior secured loan	SR +	4.50%	07/2029	$	9,400	$	9,133	$	9,304	0.2	%
Ideal Image Development, LLC(9)	First lien senior secured loan	SR +	6.50%	09/2027	5,839		5,729		5,737		0.1	%
Ideal Image Development, LLC(9)(17)(18)(19)	First lien senior secured delayed draw term loan	SR +	6.50%	03/2024	—		(3)		(2)		—	%
Ideal Image Development, LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	6.50%	09/2027	—		(17)		(16)		—	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)	First lien senior secured loan	SR +	6.75%	11/2027	60,306		59,536		60,005		1.1	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)	First lien senior secured loan	SR +	6.75%	11/2027	164,259		162,023		163,437		3.1	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)(17)(19)	First lien senior secured delayed draw term loan	SR +	6.75%	11/2023	5,255		5,148		5,229		0.1	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)(17)	First lien senior secured revolving loan	SR +	6.75%	05/2027	880		817		854		—	%
Milan Laser Holdings LLC(9)	First lien senior secured loan	SR +	5.00%	04/2027	20,424		20,270		20,424		0.4	%
Milan Laser Holdings LLC(9)(17)(18)	First lien senior secured revolving loan	SR +	5.00%	04/2026	—		(12)		—		—	%
The Shade Store, LLC(10)	First lien senior secured loan	SR +	6.00%	10/2027	67,500		66,799		65,644		1.3	%
The Shade Store, LLC(10)	First lien senior secured loan	SR +	7.00%	10/2026	10,714		10,411		10,527		0.2	%
The Shade Store, LLC(10)(17)	First lien senior secured revolving loan	SR +	6.00%	10/2026	1,909		1,845		1,722		—	%
					346,486		341,679		342,865		6.5	%
Telecommunications
Park Place Technologies, LLC(9)(22)	First lien senior secured loan	SR +	5.00%	11/2027	$	1,145	$	1,111	$	1,076	—	%
					1,145		1,111		1,076		—	%
Transportation
Motus Group, LLC(6)	Second lien senior secured loan	L +	6.50%	12/2029	$	10,000	$	9,910	$	9,800	0.2	%
Safe Fleet Holdings, LLC(9)(22)	First lien senior secured loan	SR +	3.75%	02/2029	26,052		25,451		25,140		0.5	%
					36,052		35,361		34,940		0.7	%
Total non-controlled/non-affiliated portfolio company debt investments					$	10,075,509	$	9,924,806	$	9,802,730	186.3	%
Equity Investments
Automotive
CD&R Value Building Partners I, L.P. (dba Belron)(23)(24)(26)	LP Interest		N/A	N/A	33,061		$	33,108	$	33,957	0.6	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
Metis HoldCo, Inc. (dba Mavis Tire Express Services)(16)(24)	Series A Convertible Preferred Stock		7.00% PIK	N/A	12,085	11,781		11,632		0.2	%
						44,889		45,589		0.8	%
Buildings and real estate
Associations Finance, Inc.(16)(24)	Preferred Stock		12.00% PIK	N/A	215,000,000	$	217,148	$	218,299	4.2	%
Dodge Construction Network Holdings, L.P.(10)(24)	Series A Preferred Units	SR +	8.25% PIK	N/A	—	3		3		—	%
Dodge Construction Network Holdings, L.P.(24)(26)	Class A-2 Common Units		N/A	N/A	143,963	123		122		—	%
						217,274		218,424		4.2	%
Business services
Denali Holding LP (dba Summit Companies)(24)(26)	Class A Units		N/A	N/A	686,513	$	7,076	$	8,837	0.2	%
Hercules Buyer, LLC (dba The Vincit Group)(24)(26)(28)	Common Units		N/A	N/A	10,000	10		11		—	%




Knockout Intermediate Holdings I Inc. (dba Kaseya)(16)(24)	Perpetual Preferred Stock		11.75% PIK	N/A	53,600	52,327		52,930		1.0	%
						59,413		61,778		1.2	%
Consumer products
ASP Conair Holdings LP(24)(26)	Class A Units		N/A	N/A	9,286	$	929	$	833	—	%
						929		833		—	%
Food and beverage
Hissho Sushi Holdings, LLC(24)(26)	Class A Units		N/A	N/A	941,780	$	9,418	$	10,404	0.2	%
						9,418		10,404		0.2	%
Healthcare equipment and services
Maia Aggregator, LP(24)(26)	Class A-2 Units		N/A	N/A	12,921,348	$	12,921	$	13,711	0.3	%
KPCI Holdings, L.P.(24)(26)	Class A Units		N/A	N/A	1,781	2,313		2,472		—	%
Patriot Holdings SCSp (dba Corza Health, Inc.)(16)(23)(24)	Class A Units		8.00% PIK	N/A	982	1,073		1,086		—	%
Patriot Holdings SCSp (dba Corza Health, Inc.)(23)(24)(26)	Class B Units		N/A	N/A	13,517	146		158		—	%
Rhea Acquisition Holdings, LP(24)(26)	Series A-2 Units		N/A	N/A	11,964,286	11,964		11,964		0.2	%
						28,417		29,391		0.5	%
Healthcare providers and services
KOBHG Holdings, L.P. (dba OB Hospitalist)(24)(26)	Class A Interests		N/A	N/A	3,520	$	3,520	$	3,269	0.1	%
						3,520		3,269		0.1	%
Healthcare technology
Minerva Holdco, Inc.(16)(24)	Series A Preferred Stock		10.75% PIK	N/A	106,896	$	105,050	$	96,206	1.8	%
BEHP Co-Investor II, L.P.(23)(24)(26)	LP Interest		N/A	N/A	1,269,969	1,266		1,265		—	%
Orange Blossom Parent, Inc.(24)(26)	Common Equity		N/A	N/A	16,667	1,667		1,667		—	%
WP Irving Co-Invest, L.P.(23)(24)(26)	Partnership Units		N/A	N/A	1,250,000	1,251		1,250		—	%
						109,234		100,388		1.8	%
Household products
Evology LLC(24)(26)	Class B Units		N/A	N/A	316	$	1,512	$	1,940	—	%
						1,512		1,940		—	%
Human resource support services
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)(16)(24)	Series A Preferred Stock		10.50% PIK	N/A	13,711	$	13,425	$	12,408	0.2	%
						13,425		12,408		0.2	%
Insurance
Accelerate Topco Holdings, LLC(24)(26)	Common Units		N/A	N/A	88,211	$	2,435	$	2,435	—	%
Evolution Parent, LP (dba SIAA)(24)(26)	LP Interest		N/A	N/A	2,703	270		270		—	%
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(24)(26)	LP Interest		N/A	N/A	421	426		421		—	%
PCF Holdco, LLC (dba PCF Insurance Services)(24)(26)	Class A Units		N/A	N/A	6,047,390	15,336		27,614		0.5	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets
						18,467		30,740		0.5	%
Internet software and services
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(24)(26)	Common Units		N/A	N/A	1,729,439	$	1,729	$	1,701	—	%
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(23)(24)(26)	LP Interest		N/A	N/A	—	987		987		—	%
Elliott Alto Co-Investor Aggregator L.P.(23)(24)(26)	LP Interest		N/A	N/A	6,530	6,549		6,530		0.1	%
Picard Holdco, Inc.(10)(24)	Series A Preferred Stock	SR +	12.00% PIK	N/A	53,535	52,016		51,929		1.0	%
MessageBird Holding B.V.(23)(24)(26)	Extended Series C Warrants		N/A	N/A	7,980	49		6		—	%
Project Alpine Co-Invest Fund, L.P.(23)(24)(26)	LP Interest		N/A	N/A	17,000	17,010		17,000		0.3	%
Thunder Topco L.P. (dba Vector Solutions)(24)(26)	Common Units		N/A	N/A	712,884	713		704		—	%
WMC Bidco, Inc. (dba West Monroe)(16)(24)	Senior Preferred Stock		11.25% PIK	N/A	36,855	36,077		34,459		0.7	%
Project Hotel California Co-Invest Fund, L.P.(23)(24)(26)	LP Interest		N/A	N/A	3,522	3,525		3,522		0.1	%
BCTO WIW Holdings, Inc. (dba When I Work)(24)(26)	Class A Common Stock		N/A	N/A	57,000	5,700		5,134		0.1	%
Zoro TopCo, Inc. (dba Zendesk, Inc.)(16)(24)	Series A Preferred Stock		12.50% PIK	N/A	16,562	15,982		15,982		0.3	%
Zoro TopCo, L.P. (dba Zendesk, Inc.)(24)(26)	Class A Common Units		N/A	N/A	1,380,129	13,801		13,801		0.3	%
						154,138		151,755		2.9	%
Manufacturing
Gloves Holdings, LP (dba Protective Industrial Products)(24)(26)	LP Interest		N/A	N/A	1,000	$	100	$	118	—	%
						100		118		—	%
Total non-controlled/non-affiliated portfolio company equity investments						$	660,736	$	667,037	12.4	%
Total non-controlled/non-affiliated portfolio company investments						$	10,585,542	$	10,469,767	198.7	%

Non-controlled/affiliated portfolio company investments
Equity Investments
Healthcare technology
LSI Financing 1 DAC(23)(24)(26)(27)(30)	Preferred equity		N/A	N/A	6,175	$	6,224	$	6,175	0.1	%
						6,224		6,175		0.1	%
Total non-controlled/affiliated portfolio company equity investments						$	6,224	$	6,175	0.1	%

Controlled/affiliated portfolio company investments
Asset Based Lending and Fund Finance
Amergin Asset Management, LLC(23)(24)(26)(31)	Class A Units		N/A	N/A	50,000,000	$	—	$	—	—	%
AAM Series 2.1 Aviation Feeder, LLC(17)(19)(23)(24)(26)(31)	LLC Interest		N/A	N/A	1,568	1,569		1,568		—	%
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(17)(19)(23)(24)(26)(31)	LLC Interest		N/A	N/A	—	—		—		—	%
						1,569		1,568		—	%
Insurance
Fifth Season Investments LLC(24)(26)(27)(31)	Class A Units		N/A	N/A	28	$	89,680	$	89,680	1.7	%
						89,680		89,680		1.7	%

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company(1)(2)(3)(20)(29)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(25)		Fair Value		Percentage of Net Assets

Investment Funds & Vehicles
ORCIC Senior Loan Fund LLC (21)(23)(24)(27)(31)(33)	LLC Interest		N/A	N/A	141,777	$	141,777	$	140,394	2.7	%
						141,777		140,394		2.7	%

Total controlled/affiliated portfolio company equity investments						$	233,026	$	231,642	4.4	%
Total Investments						$	10,824,792	$	10,707,584	203.2	%

Interest Rate Swaps as of December 31, 2022

Company
Receives

Company
Pays

Maturity Date

Notional Amount

Hedged
Instrument

Footnote
Reference

Interest rate swap

7.75%

S+ 3.84%

9/16/2027

600,000

September 2027 Notes

Note 6

Total

600,000

(1)Certain portfolio company investments are subject to contractual restrictions on sales.

(3)Unless otherwise indicated, all investments are considered Level 3 investments.

(4)The amortized cost represents the original cost adjusted for the amortization and accretion of ~~discounts~~premiums and ~~premiums,~~discounts, as applicable, on debt investments using the effective interest method.

(5)Unless otherwise indicated, loan contains a variable rate structure, and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the London Interbank Offered Rate (“LIBOR” or “L”) (which can include one-, two-, three-, six-, or ~~six-month~~twelve-month LIBOR), Secured Overnight Financing Rate ("SOFR" or "SR") (which can include one-, three-, six- or twelve-month SOFR), Euro Interbank Offered Rate ("EURIBOR" or "E"), Canadian Dollar Offered Rate ("CDOR" or "C") (which can include one-, the-, six- or twelve-month CDOR), Sterling (SP) Overnight Interbank Average Rate ("SONIA" or "SA") or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime ~~Rate)~~Rate ("Prime" or "P"), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

(6)The interest rate on these loans is subject to 1 month LIBOR, which as of December 31, ~~2021~~2022 was ~~0.10%~~4.39%.

(7)~~The interest rate on these loans is subject to 2 month LIBOR, which as of December 31, 2021 was 0.15%.~~

~~(8)~~The interest rate on these loans is subject to 3 month LIBOR, which as of December 31, ~~2021~~2022 was ~~0.21%~~4.77%.

~~(9)~~(8)The interest rate on these loans is subject to 6 month LIBOR, which as of December 31, ~~2021~~2022 was ~~0.34%~~5.14%.

(9)The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2022 was 4.36%

(10)The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2022 was 4.59%.

(11)The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2022 was 4.78%.

(12)The interest rate on these loans is subject to 3 month CDOR, which as of December 31, ~~2021~~2022 was ~~0.52%~~4.94%.

~~(11)~~(13)The interest rate on these loans is subject to 3 month EURIBOR, which as of December 31, 2022 was 2.13%

(14)The interest rate on these loans is subject to SONIA, which as of December 31, ~~2021~~2022 was ~~0.19%~~3.43%.

~~(12)~~(15)The interest rate on these loans is subject to Prime, which as of December 31, ~~2021~~2022 was ~~3.25%.~~7.50%

~~(13)~~(16)Investment does not contain a variable rate structure.

(17)Position or portion thereof is an unfunded loan or equity commitment. See Note 7 “Commitments and Contingencies”.

~~(14)~~(18)The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

~~(15)~~(19)The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

~~(16)Represents~~(20)Unless otherwise indicated, represents a co-investment made with the Company’s affiliates in accordance with the terms of exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See Note 3 "Agreements and Related Party Transactions".

~~(17)~~(21)This portfolio company was not a co-investment made with the Company's affiliates in accordance with the terms of exemptive relief that the Company received from the U.S. Securities and Exchange Commission.

(22)Level 2 Investment.

~~(18)~~(23)This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying ~~assets~~asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)

assets. As of December 31, ~~2021,~~2022, non-qualifying assets represented ~~7.9%~~12.8% of total assets as calculated in accordance with the regulatory requirements.

~~(19)~~(24)Security acquired in transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted security” under the Securities Act. As of December 31, ~~2021,~~2022, the aggregate fair value of these securities is ~~$128.7~~$904.9 million, or ~~8.1%~~17.2% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

Portfolio Company

Investment

Acquisition Date

AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC**

LLC Interest

July 1, 2022

AAM Series 2.1 Aviation Feeder, LLC**

LLC Interest

July 1, 2022

Accelerate Topco Holdings, LLC

Common Units

September 1, 2022

Amergin Asset Management, LLC

Class A Units

July 1, 2022

ASP Conair Holdings LP

Class A Units

May 17, 2021

Associations Finance, Inc.

Preferred Stock

June 10, 2022

BCTO WIW Holdings, Inc. (dba When I Work)

Class A Common Stock

November 2, 2021

BEHP Co-Investor II, L.P.

LP Interest

May 6, 2022

Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)

Common Units

October 1, 2021

CD&R Value Building Partners I, L.P. (dba Belron)

LP Interest

December ~~12,~~2, 2021

Denali Holding LP (dba Summit Companies)

Class A Units

September 14, 2021

Dodge Construction Network Holdings, L.P.

Class A-2 Common Units

February 23, 2022

Dodge Construction Network Holdings, L.P.

Series A Preferred Units

February 23, 2022

Elliott Alto Co-Investor Aggregator L.P.

LP Interest

September 28, 2022

Evology LLC

Class B Units

January 21, 2022

Evolution Parent, LP (dba SIAA)

LP Interest

April 30, 2021

Fifth Season Investments LLC (fka Chapford SMA Partnership, L.P.)**

Class A Units

October 17, 2022

Gloves Holding, LP (dba Protective Industrial Products)

LP Interest

December 28, 2020

GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)

LP Interest

December 16, 2021

Hercules Buyer, LLC (dba The Vincit Group)

Common Units

December 15, 2020

Hissho Sushi Holdings, LLC

Class A Units

May 17, 2022

Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)

LP Interest

June 8, 2022

Knockout Intermediate Holdings I Inc. (dba Kaseya)

Perpetual Preferred Stock

June 22, 2022

KOBHG Holdings, L.P. (dba OB Hospitalist)

Class A Interests

September 27, 2021

KPCI Holdings, L.P.

Class A Units

November 25, 2020

LSI Financing 1 DAC**

Preferred equity

December 14, 2022

Maia Aggregator, LP

Class A-2 Units

February 1, 2022

MessageBird Holding B.V.

Extended Series C Warrants

May 5, 2021

Metis HoldCo, Inc. (dba Mavis Tire Express Services)

Series A Convertible Preferred Stock

May 3, 2021

Minerva Holdco, Inc.

Series A Preferred Stock

February 14, 2022

Orange Blossom Parent, Inc.

Common Equity

July 29, 2022

ORCIC Senior Loan Fund, LLC*

LLC Interest

November 2, 2022

Patriot Holdings SCSp (dba Corza Health, Inc.)

Class A Units

January 29, 2021

Patriot Holdings SCSp (dba Corza Health, Inc.)

Class B Units

January 29, 2021

PCF Holdco, LLC (dba PCF Insurance Services)

Class A Units

November 1, 2021

Picard Holdco, Inc.

Series A Preferred Stock

September 29, 2022

Project Alpine Co-Invest Fund, L.P.

LP Interest

June 13, 2022

Project Hotel California Co-Invest Fund, L.P.

LP Interest

August 9, 2022

Rhea Acquistion Holdings, LP

Series A-2 Units

February 18, 2022

Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)

Series A Preferred Stock

October 14, 2021

3547

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, ~~2021~~2022

(Amounts in thousands, except share amounts)

Portfolio Company

Investment

Acquisition Date

~~Denali Holding LP (dba Summit Companies)~~

~~Class A Units~~

~~September 15, 2021~~

~~Evolution Parent, LP (dba SIAA)~~

~~Class A Interests~~

~~April 30, 2021~~

~~Gloves Holding, LP (dba Protective Industrial Products)~~

~~LP Interest~~

~~December 29, 2020~~

~~GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)~~

~~LP Interest~~

~~December 16, 2021~~

~~Hercules Buyer, LLC (dba The Vincit Group)~~

~~Common Units~~

~~December 15, 2020~~

~~KOBHG Holdings, L.P. (dba OB Hospitalist)~~

~~Class A Interests~~

~~September 27, 2021~~

~~KPCI Holdings, L.P.~~

~~LP Interest~~

~~November 30, 2020~~

~~MessageBird Holding B.V.~~

~~Extended Series C Warrants~~

~~April 29, 2021~~

~~Metis HoldCo, Inc. (dba Mavis Tire Express Services)~~

~~Series A Convertible Preferred Stock~~

~~May 4, 2021~~

~~Patriot Holdings SCSp (dba Corza Health, Inc.)~~

~~Class A Units~~

~~January 29, 2021~~

~~Patriot Holdings SCSp (dba Corza Health, Inc.)~~

~~Class B Units~~

~~January 29, 2021~~

~~PCF Holdco, LLC (dba PCF Insurance Services)~~

~~Class A Units~~

~~November 1, 2021~~

~~PCF Holdco, LLC (dba PCF Insurance Services)~~

~~Class A Warrants~~

~~November 1, 2021~~

~~Restore OMH Intermediate Holdings, Inc.~~

~~Senior Preferred Stock~~

~~December 9, 2020~~

~~Skyline Holdco B, Inc. (dba Dodge Data & Analytics)~~

~~Series A Preferred Stock~~

~~April 14, 2021~~

~~Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)~~

~~Series A Preferred Stock~~

~~October 15, 2021~~

Thunder Topco L.P. (dba Vector Solutions)

Common Units

June 30, 2021

WMC Bidco, Inc. (dba West Monroe)

Senior Preferred Stock

November 9,8, 2021

WP Irving Co-Invest, L.P.

Partnership Units

May 18, 2022

Zoro TopCo, Inc. (dba Zendesk)

Class A Common Units

November 22, 2022

Zoro TopCo, L.P. (dba Zendesk)

Series A Preferred Stock

November 22, 2022

*Refer to Note 4 "Investments - Blue Owl Credit Income Senior Loan Fund LLC", for further information.

~~(20)~~** Refer to Note 3 "Agreements and Related Party Transactions - Controlled/Affiliated Portfolio Companies".

(25)As of December 31, ~~2021,~~2022, the net estimated unrealized ~~gain~~loss on investments for U.S. federal income tax purposes was ~~$4.2~~$109.1 million based on a tax cost basis of ~~$3.1~~$10.8 billion. As of December 31, ~~2021,~~2022, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was ~~$1.5~~$158.9 million. As of December 31, ~~2021,~~2022, the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was ~~$5.7~~$49.8 million.

~~(20)~~(26)Investment is non-income producing.

~~(21)~~(27)Investment is not pledged as collateral ~~for~~under the ~~credit facilities.~~Revolving Credit Facility and the SPV Asset Facilities.

~~(22)~~(28)We invest in this portfolio company through underlying blocker entities Hercules Blocker 1 LLC, Hercules Blocker 2 LLC, Hercules Blocker 3 LLC, Hercules Blocker 4 LLC, and Hercules Blocker 5 LLC.

~~(23)Investment does not contain a variable rate structure.~~

~~(24)~~(29)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility and SPV Asset Facilities. See Note 6 "Debt".

(30)As defined in the 1940 Act, the Company is deemed to be an "affiliated person" of this portfolio company as the Company owns more than 5% but less than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies of such portfolio company, including through a management agreement (non-controlled affiliate"). Transactions related to investments in non-controlled affiliates for the year ended December 31, 2022 were as follows:


Company	Fair value as of December 31, 2021		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/ (Loss)		Realized Gain/(Loss)		Fair value as of December 31, 2022		Dividend Income		Other Income
LSI Financing 1 DAC	$	—	$	6,224	$	—	$	(49)	$	—	$	6,175	$	—	$	—
Total	$	—	$	6,224	$	—	$	(49)	$	—	$	6,175	$	—	$	—

________

(31)As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company, including through a management agreement (“controlled affiliate”). The Company’s investment in controlled affiliates for the period ended December 31, 2022 were as follows:

3648

Blue Owl Credit Income Corp.

Consolidated Schedule of Investments (Continued)

As of December 31, 2022

(Amounts in thousands, except share amounts)


Company	Fair value as of December 31, 2021		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/ (Loss)		Realized Gain/(Loss)		Fair value as of December 31, 2022		Dividend Income		Other Income
AAM Series 2.1 Aviation Feeder, LLC (c)	$	—	$	1,569	$	—	$	(1)	$	—	$	1,568	$	—	$	—
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC (c)	—		—		—		—		—		—		—		—
Fifth Season Investments LLC	—		99,162		(9,800)		—		—		89,680		201		—
ORCIC Senior Loan Fund LLC	—		141,777		—		(1,383)		—		140,394		3,171		—
Total	$	—	$	242,508	$	(9,800)	$	(1,384)	$	—	$	231,642	$	3,372	$	—

________

(32)Investment was on non-accrual status as of December 31, 2022.

(33)Investment measured at net asset value ("NAV")

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Statements of Changes in Net Assets

(Amounts in thousands)

(Unaudited)

For the Three Months Ended September 30, For the Nine Months Ended September 30,
2022 2021 2022 2021
Increase (Decrease) in Net Assets Resulting from Operations
Net investment income (loss) $ 106,013 $ 6,038 $ 217,677 $ 8,269
Net change in unrealized gain (loss) 47,040 2,182 (145,347) 3,016
Net realized gain (loss) on investments (182) 915 386 922
Net Increase (Decrease) in Net Assets Resulting from Operations 152,871 9,135 72,716 12,207
Distributions
Class S (28,903) (1,515) (63,284) (1,768)
Class D (7,852) (846) (17,866) (1,185)
Class I (52,708) (4,973) (111,969) (6,982)
Net Decrease in Net Assets Resulting from Shareholders' Distributions (89,463) (7,334) (193,119) (9,935)
Capital Share Transactions
Class S:
Issuance of shares of common stock 229,005 136,218 1,095,257 162,798
Repurchase of common shares (8,769) — (23,135) —
Reinvestment of shareholders' distributions 9,333 410 19,227 480
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class S 229,569 136,628 1,091,349 163,278
Class D:
Issuance of shares of common stock 50,343 34,701 238,491 65,893
Repurchase of common shares (1,132) (55) (2,546) (55)
Reinvestment of shareholders' distributions 3,060 365 6,921 479
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class D 52,271 35,011 242,866 66,317
Class I:
Issuance of shares of common stock 515,241 246,709 1,946,144 385,557
Repurchase of common shares (32,978) (291) (68,370) (291)
Reinvestment of shareholders' distributions 17,350 1,044 33,943 1,283
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class I 499,613 247,462 1,911,717 386,549
Total Increase (Decrease) in Net Assets 844,861 420,902 3,125,529 618,416
Net Assets, at beginning of period 3,861,396 209,787 1,580,728 12,273
Net Assets, at end of period $ 4,706,257 $ 630,689 $ 4,706,257 $ 630,689


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Increase (Decrease) in Net Assets Resulting from Operations
Net investment income (loss)	$	191,593	$	69,073	$	357,168	$	111,664
Net change in unrealized gain (loss)	14,223		(168,930)		78,258		(192,387)
Net realized gain (loss) on investments	(2,661)		131		(7,238)		568
Net Increase (Decrease) in Net Assets Resulting from Operations	203,155		(99,726)		428,188		(80,155)
Distributions
Class S	(47,220)		(20,656)		(89,652)		(34,381)
Class D	(12,734)		(5,880)		(23,952)		(10,014)
Class I	(89,529)		(36,741)		(169,453)		(59,261)
Net Decrease in Net Assets Resulting from Shareholders' Distributions	(149,483)		(63,277)		(283,057)		(103,656)
Capital Share Transactions
Class S:
Issuance of shares of common stock	258,724		416,884		419,499		866,252
Share transfers between classes(1)	(2,127)		—		(2,127)		—
Repurchase of common shares	(16,367)		(8,365)		(38,010)		(14,366)
Reinvestment of shareholders' distributions	17,943		6,264		33,775		9,894
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class S	258,173		414,783		413,137		861,780
Class D:
Issuance of shares of common stock	55,839		72,746		102,014		188,148
Share transfers between classes(1)	—		—		—		—
Repurchase of common shares	(13,809)		(1,110)		(17,262)		(1,414)
Reinvestment of shareholders' distributions	5,709		2,400		10,496		3,861
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class D	47,739		74,036		95,248		190,595
Class I:
Issuance of shares of common stock	472,093		779,907		840,101		1,430,903
Share transfers between classes(1)	2,127		—		2,127		—
Repurchase of common shares	(46,071)		(18,414)		(114,095)		(35,392)
Reinvestment of shareholders' distributions	33,427		10,708		62,155		16,593
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class I	461,576		772,201		790,288		1,412,104
Total Increase (Decrease) in Net Assets	821,160		1,098,017		1,443,804		2,280,668
Net Assets, at beginning of period	5,872,397		2,763,379		5,249,753		1,580,728
Net Assets, at end of period	$	6,693,557	$	3,861,396	$	6,693,557	$	3,861,396

(1)In certain cases, and subject to the Dealer Manager’s approval, where a holder of Class S or Class D shares exits a relationship with a participating broker-dealer for this offering and does not enter into a new relationship with a participating broker-dealer for this offering, such holder’s shares may be exchanged into an equivalent net asset value amount of Class I shares.

The accompanying notes are an integral part of these consolidated financial statements.

3750

Blue Owl ~~Rock Core~~Credit Income Corp.

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)


	For the Six Months Ended June 30,
	2023		2022
Cash Flows from Operating Activities
Net Increase (Decrease) in Net Assets Resulting from Operations	$	428,188	$	(80,155)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:
Purchases of investments, net	(2,493,205)		(5,777,986)
Proceeds from investments and investment repayments, net	266,272		277,973
Net change in unrealized (gain) loss on investments	(77,918)		191,514

Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies	(347)		873
Net change in unrealized (gain) loss on Income tax (provision) benefit	7		—
Net realized (gain) loss on investments	7,178		(359)
Net realized (gain) loss on foreign currency transactions relating to investments	60		—
Paid-in-kind interest and dividends	(72,633)		(23,514)
Net amortization/accretion of premium/discount on investments	(15,775)		(6,090)
Amortization of debt issuance costs	8,131		4,069
Amortization of offering costs	937		2,350
Changes in operating assets and liabilities:
(Increase) decrease in interest receivable	(18,558)		(19,041)
(Increase) decrease in receivable from a controlled affiliate	11,886		—
(Increase) decrease in receivable for investments sold	(36,262)		(423)
(Increase) decrease in due from affiliates	—		(6,775)
(Increase) decrease in prepaid expenses and other assets	(276)		(103,397)
Increase (decrease) in payable for investments purchased	8,658		48,211
Increase (decrease) in payables to affiliates	6,585		9,209
Increase (decrease) in accrued expenses and other liabilities	17,560		29,820
Net cash used in operating activities	(1,959,512)		(5,453,721)
Cash Flows from Financing Activities
Borrowings on debt	3,282,117		6,000,061
Repayments of debt	(2,156,390)		(2,838,600)
Debt issuance costs	(18,329)		(30,864)
Repurchase of common stock	(203,939)		(24,696)
Proceeds from issuance of common shares	1,361,614		2,485,303
Distributions paid to shareholders	(166,646)		(59,048)
Net cash provided by financing activities	2,098,427		5,532,156
Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of $3,326 and $0, respectively)	138,915		78,435
Cash and restricted cash, including foreign cash, beginning of period (restricted cash of $23,000 and $0, respectively)	225,247		21,459
Cash and restricted cash, including foreign cash, end of period (restricted cash of $26,326 and $0, respectively)	$	364,162	$	99,894

Supplemental and Non-Cash Information
Interest paid during the period	$	179,124	$	20,029
Distributions declared during the period	$	283,057	$	103,656
Reinvestment of distributions during the period	$	106,426	$	30,348
Taxes, including excise tax, paid during the period	$	212	$	20
Distributions payable	$	47,021	$	23,265

For the Nine Months Ended September 30,
2022 2021
Cash Flows from Operating Activities
Net Increase (Decrease) in Net Assets Resulting from Operations $ 72,716 $ 12,207
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:
Purchases of investments, net (7,495,239) (1,841,997)
Proceeds from investments and investment repayments, net 499,443 420,227
Net change in unrealized (gain) loss on investments 142,695 (3,023)
Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies 2,652 7
Net realized (gain) loss on investments (125) (924)
Net realized (gain) loss on foreign currency transactions relating to investments (261) —
Paid-in-kind interest and dividends (37,613) (558)
Net amortization/accretion of premium/discount on investments (11,616) (888)
Amortization of debt issuance costs 7,036 627
Amortization of offering costs 3,440 —
Changes in operating assets and liabilities:
(Increase) decrease in interest receivable (43,009) (5,931)
(Increase) decrease in receivable for investments sold (1,965) (110,131)
(Increase) decrease in prepaid expenses and other assets (4,777) (2,680)
Increase (decrease) in payable for investments purchased 32,425 7,980
Increase (decrease) in payables to affiliates 13,391 5,806
Increase (decrease) in tender payable 41,465 347
Increase (decrease) in accrued expenses and other liabilities 38,173 3,454
Net cash used in operating activities (6,741,169) (1,515,477)
Cash Flows from Financing Activities
Borrowings on debt 8,348,247 1,993,455
Repayments of debt (4,479,600) (968,100)
Debt issuance costs (49,880) (13,699)
Repurchase of common stock (94,051) —
Proceeds from issuance of common shares 3,279,892 613,902
Distributions paid to shareholders (108,548) (4,339)
Net cash provided by financing activities 6,896,060 1,621,219
Net increase (decrease) in cash 154,891 105,742
Cash, beginning of period 21,459 8,153
Cash, end of period $ 176,350 $ 113,895
Supplemental and Non-Cash Information
Interest paid during the period $75,272 $2,411
Distributions declared during the period $193,119 $9,935
Reinvestment of distributions during the period $60,091 $2,242
Distributions payable $33,485 $3,354

The accompanying notes are an integral part of these consolidated financial statements.

3851

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements

(Unaudited)

Note 1. Organization and Principal Business

Blue Owl Credit Income Corp.(f/k/a Owl Rock Core Income Corp.), ~~(“Owl Rock” or the~~(the “Company”) is a Maryland corporation formed on April 22, 2020. The Company was formed primarily to originate and make loans to, and make debt and equity investments in, U.S. middle market companies. The Company’s investment objective is to generate current income and to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. The Company invests in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity and equity-related securities which include common and preferred stock, securities convertible into common stock, and warrants. The Company may on occasion invest in smaller or larger companies if an attractive opportunity presents itself, especially when there are dislocations in the capital markets, including the high yield and large syndicated loan markets, which are often referred to as “junk” investments. The target credit investments will typically have maturities between three and ten years and generally range in size between $10 million and $125 million, although the investment size will vary with the size of the Company’s capital base. The Company intends, under normal circumstances, to invest directly, or indirectly through its investment in Blue Owl Credit Income Senior Loan Fund LLC (f/k/a ORCIC Senior Loan Fund LLC) or any similarly situated companies, at least 80% of the value of its total assets in credit investments. The Company defines “credit” to mean debt investments made in exchange for regular interest payments.

The Company is an externally managed closed-end management investment company that has elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company has elected to be treated for federal income tax purposes, and intends to qualify annually, as a regulated investment company (a “RIC”) under the Internal Revenue Code of 1986, as amended (the “Code”). Because the Company has elected to be regulated as a BDC and as a RIC under the Code, the Company's portfolio is subject to diversification and other requirements.

In November 2020, the Company commenced operations and made its first portfolio company investment. On October 23, 2020, the Company formed a wholly-owned subsidiary, OR Lending IC LLC, a Delaware limited liability company, which holds a California finance lenders license. OR Lending IC LLC makes loans to borrowers headquartered in California. From time to time the Company may form wholly-owned subsidiaries to facilitate the normal course of business.

The Company is managed by Blue Owl Credit Advisors LLC (f/k/a Owl Rock Capital Advisors ~~LLC~~LLC) (the “Adviser”). The Adviser is an indirect ~~subsidiary~~affiliate of Blue Owl Capital Inc. (“Blue ~~Owl)~~Owl") (NYSE: OWL) and part of ~~Owl Rock, a division of~~ Blue ~~Owl focused~~Owl's Credit platform which focuses on direct lending. The Adviser is registered with the Securities and Exchange Commission (“SEC”) as an investment adviser under the Investment Advisers Act of 1940 (the “Advisers Act”). Blue Owl consists of three divisions: (1) ~~Owl Rock,~~Credit, which focuses on direct lending, (2) ~~Dyal,~~GP Strategic Capital, which focuses on providing capital to institutional alternative asset managers and (3) ~~Oak Street,~~Real Estate, which focuses on real estate strategies. Subject to the overall supervision of the Company’s ~~Board,~~board of directors (the "Board"), the Adviser manages the day-to-day operations of, and provides investment advisory and management services to, the Company.

The Company received an exemptive order that permits it to offer multiple classes of shares of common stock and to impose asset-based servicing and distribution fees and early withdrawal fees. On November 12, 2020, the Company commenced ~~it's~~its initial public offering pursuant to which it offered, on a continuous basis, $2,500,000,000 in any combination of amount of shares of Class S, Class D and Class I common stock. On February 14, 2022, the Company commenced it's follow-on offering, on a continuous basis, of up to $7,500,000,000 in any combination of amount of shares of Class S, Class D and Class I common stock. The share classes have different upfront selling commissions and ongoing servicing fees. Each class of common stock will be offered through Blue Owl Securities LLC (d/b/a Blue Owl Securities) (the “Dealer Manager”). The Dealer Manager is entitled to receive upfront selling commissions of up to 3.50% of the offering price of each Class S share sold in the offering and 1.50% of the offering price of each Class D share sold. Class I shares are not subject to upfront selling commissions. Any upfront selling commissions for the Class S shares and Class D shares sold in the offering will be deducted from the purchase price. Class S, Class D and Class I shares were offered at initial purchase prices per shares of $10.35, $10.15 and $10.00, respectively. Currently, the purchase price per share for

each class of common stock varies, but will not be sold at a price below the Company’s net asset value per share of such class, as determined in accordance with the Company's share pricing policy, plus applicable upfront selling commissions. The Company also engages in private placement offerings of its common stock.

On September 30, 2020, the Adviser purchased 100 shares of the Company’s Class I common stock at $10.00 per share, which represented the initial public offering price of such shares. The Adviser will not tender these shares for repurchase as long as Blue Owl ~~Rock Capital~~Credit Advisors LLC remains the investment adviser of Blue Owl ~~Rock Core~~Credit Income Corp. There is no current intention for Blue Owl ~~Rock Capital~~Credit Advisors LLC to discontinue its role.

Since meeting the minimum offering requirement and commencing its continuous public offering through ~~September~~June 30, ~~2022,~~2023, the Company has issued ~~179,786,931~~244,886,936 shares of Class S common stock, ~~44,352,534~~59,492,163 shares of Class D common stock and ~~301,689,909~~ 433,343,601

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

shares of Class I common stock, exclusive of any tender offers, for gross proceeds of ~~$1,673.0 million, $410.4 million~~$2.3 billion, $0.5 billion and ~~$2,782.9 million,~~$4.0 billion, respectively, including $1,000 of seed capital contributed by its Adviser in September of 2020, $25.0 million in gross proceeds raised in a private placement

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

from Owl Rock Feeder FIC ORCIC Equity LLC and ~~12,152,271~~18,470,188 shares of Class I common stock issued in a private placement to feeder vehicles primarily created to hold the Company's Class I shares for gross proceeds of approximately ~~$111.5 million.~~$0.2 billion.

Note 2. Significant Accounting Policies

Basis of Presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment ~~Companies.~~Companies. In the opinion of management, all adjustments considered necessary for the fair presentation of the consolidated financial statements have been included. ~~The Company’s fiscal year ends on December 31.~~

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts could differ from those estimates and such differences could be material.

Cash

and Restricted Cash

Cash consists of deposits held at a custodian ~~bank.~~bank and restricted cash pledged as collateral. Cash is carried at cost, which approximates fair value. The Company deposits its cash with highly-rated banking corporations and, at times, may exceed the insured limits under applicable law.

Consolidation

As provided under Regulation S-X and ASC Topic 946—Financial Services—Investment Companies, the Company will generally not consolidate its investment in a company other than a wholly-owned investment company or controlled operating company whose business consists of providing services to the Company.

The Company does not consolidate its equity interest in AAM Series 1.1 Rail and Domestic Intermodal Feeder, Fifth Season, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, "Amergin AssetCo") and since November 2, 2022 has not consolidated its equity positions in Blue Owl Credit Income Senior Loan Fund LLC (f/k/a ORCIC Senior Loan Fund LLC) ("OCIC SLF"). OCIC SLF was formed as a wholly-owned subsidiary of the Company and commenced operations on February 14, 2022. On November 2, 2022, the Company and State Teachers Retirement System of Ohio ("OSTRS" and together with the Company, the "Members" and each, a "Member") entered into an Amended and Restated Limited Liability Company Agreement to co-manage OCIC SLF as a joint-venture. See Note 3 "Agreements and Related Party Transactions - Controlled/Affiliated Portfolio Companies".

Investments at Fair Value

Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. Rule 2a-5 under the 1940 Act was adopted by the SEC in January 2021 and establishes requirements for determining fair value in good faith for purposes of the 1940 Act. The Company complied with the mandatory provisions of Rule 2a-5 by the September 2022 compliance date. Additionally, commencing with the fourth quarter of 2022, pursuant to Rule 2a-5, the Board designated the Adviser as the Company's valuation designee to perform fair value determinations relating to the value of assets held by the Company for which market quotations are not readily available.

Investments for which market quotations are readily available are typically valued at the average bid price of those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available ~~as is the case for substantially all of the Company’s investments,~~ are valued at fair value as determined in good faith by the ~~Board,~~Adviser, as the valuation designee, based on, among other things, the input of the ~~Adviser, the Company’s audit committee, and~~ independent ~~third- party~~third-party valuation firm(s) engaged at the direction of the ~~Board.~~Adviser.

As part of the valuation process, the ~~Board~~Adviser, as the valuation designee, takes into account relevant factors in determining the fair value of the Company’s investments, including: the estimated enterprise value of a portfolio company (i.e., the total fair value of the portfolio company’s debt and equity), the nature and realizable value of any collateral, the portfolio company’s ability to make

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company’s securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase or sale transaction, public offering or subsequent equity sale occurs, the ~~Board~~Adviser, as the valuation designee, considers whether the pricing indicated by the external event corroborates its valuation.

The ~~Board~~Adviser, as the valuation designee, undertakes a multi-step valuation process, which includes, among other procedures, the following:

•With respect to investments for which market quotations are readily available, those investments will typically be valued at the average bid price of those market quotations;

•With respect to investments for which market quotations are not readily available, the valuation process begins with the independent valuation firm(s) providing a preliminary valuation of each investment to the Adviser’s valuation committee;

•Preliminary valuation conclusions are documented and discussed with the Adviser’s valuation ~~committee. Agreed upon valuation recommendations are presented to the Audit Committee;~~committee;

•The ~~Audit Committee reviews~~Adviser, as the valuation ~~recommendations and recommends values for each investment to the Board; and~~

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

•~~The Board~~designee, reviews the recommended valuations and determines the fair value of each ~~investment.~~investment;

•Each quarter, the Adviser, as the valuation designee, will provide the Audit Committee a summary or description of material fair value matters that occurred in the prior quarter and on an annual basis, the Adviser, as the valuation designee, will provide the Audit Committee with a written assessment of the adequacy and effectiveness of its fair value process; and

•The Audit Committee oversees the valuation designee and will report to the Board on any valuation matters requiring the Board’s attention.

The Company conducts this valuation process on a quarterly basis.

The Company applies Financial Accounting Standards Board Accounting Standards Codification ~~(“FASB”)~~ 820, Fair Value Measurements(“ (“ASC 820”), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. ASC 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC 820, these levels are summarized below:

•Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.

•Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

•Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC 820. Consistent with the valuation policy, the ~~Company~~Adviser, as the valuation designee, evaluates the source of the inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When an investment is valued based on prices provided by reputable dealers or pricing services (such as broker quotes), the ~~Company~~Adviser, as the valuation designee, subjects those prices to various criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the ~~Company,~~Adviser, as the valuation designee, or the independent valuation firm(s), reviews pricing support provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

Financial and Derivative Instruments

Pursuant to ASC 815 Derivatives and Hedging, all derivative instruments entered into by the Company are designated as hedging instruments. For all derivative instruments designated as a hedge, the entire change in the fair value of the hedging instrument shall be recorded in the same line item of the Consolidated Statements of Operations as the hedged item. The Company’s derivative instruments are used to hedge the Company’s fixed rate debt, and therefore both the periodic payment and the change in fair value for the effective hedge, if applicable, will be recognized as components of interest expense in the Consolidated Statements of Operations. Fair value is estimated by discounting remaining payments using applicable current market rates, or market quotes, if available. Rule 18f-4 was adopted by the SEC in December of 2020, and requires BDCs that use derivatives to, among other things, comply with a value-at-risk leverage limit, adopt a derivatives risk management program, and implement certain testing and board reporting procedures.

Foreign Currency

Foreign currency amounts are translated into U.S. dollars on the following basis:

•cash, fair value of investments, outstanding debt, other assets and liabilities: at the spot exchange rate on the last business day of the period; and

•purchases and sales of investments, borrowings and repayments of such borrowings, income and expenses: at the rates of exchange prevailing on the respective dates of such transactions.

The Company includes net changes in fair values on investments held resulting from foreign exchange rate fluctuations with the change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. The Company’s current approach to hedging the foreign currency exposure in its non-U.S. dollar denominated investments is primarily to borrow the par amount in local currency under the Company’s Revolving Credit Facility and SPV Asset Facilities to fund these investments. Fluctuations arising from the translation of foreign currency borrowings are included with the net change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

Interest and Dividend Income Recognition

respectively.

Discounts and premiums to par value on securities purchased are ~~accreted~~amortized into interest income over the contractual life of the respective security using the effective yield method. ~~Premiums to par value on securities purchased are amortized to first call date.~~ The amortized cost of investments represents the original cost adjusted for the ~~accretion~~amortization and ~~amortization~~accretion of discounts or premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. If at any point ~~we believe~~the Company believes PIK interest is not expected to be realized, the investment generating PIK interest will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are generally reversed through interest income. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

Other Income

From time to time, the Company may receive fees for services provided to portfolio companies. These fees are generally only available to the Company as a result of closing investments, are ~~normally~~generally paid at the closing of the investments, are generally ~~non- recurring,~~non-recurring and are recognized as revenue when earned upon closing of the investment. The services that the Adviser provides vary by investment, but can include closing, work, diligence or other similar fees and fees for providing managerial assistance to ~~our~~the Company’s portfolio companies.

Organization Expenses

Costs associated with the organization of the Company are expensed as incurred. These expenses consist primarily of legal fees and other costs of organizing the Company.

Offering Expenses

Costs associated with the offering of common shares of the Company are capitalized as deferred offering expenses and are included in prepaid expenses and other assets in the Consolidated Statements of Assets and Liabilities and are amortized over a twelve-month period from incurrence. Expenses for any additional offerings are deferred and amortized as incurred. These expenses consist primarily of legal fees and other costs incurred in connection with the Company’s ~~continuous public offering of its common shares,~~share offerings, the preparation of the Company’s registration statement, and registration fees.

Debt Issuance Costs

The Company records origination and other expenses related to its debt obligations as ~~deferred financing~~debt issuance costs. These expenses are deferred and amortized utilizing the effective yield method, over the life of the related debt instrument. Debt issuance costs are presented on the Consolidated Statements of Assets and Liabilities as a direct deduction from the debt liability. In circumstances in which there is not an associated debt liability amount recorded in the consolidated financial statements when the debt issuance costs are incurred, such debt issuance costs will be reported on the Consolidated Statements of Assets and Liabilities as an asset until the debt liability is recorded.

Reimbursement of Transaction-Related Expenses

The Company may receive reimbursement for certain transaction-related expenses in pursuing investments. Transaction-related expenses, which are generally expected to be reimbursed by the Company’s portfolio companies, are typically deferred until the transaction is consummated and are recorded in prepaid expenses and other assets on the date incurred. The costs of successfully completed investments not otherwise reimbursed are borne by the Company and are included as a component of the investment’s cost basis.

Cash advances received in respect of transaction-related expenses are recorded as cash with an offset to accrued expenses and other liabilities. Accrued expenses and other liabilities are relieved as reimbursable expenses are incurred.

Income Taxes

The Company has elected to be treated as a RIC under the Code beginning with the taxable year ended December 31, 2020 and intends to qualify as a RIC ~~thereafter.~~annually. So long as the Company obtains and maintains its tax treatment as a RIC, it generally will not pay ~~corporate-level~~ U.S. federal income taxes at corporate rates on any ordinary income or capital gains that it distributes at least annually to its

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

shareholders as dividends. Instead, any tax liability related to income earned and distributed by the Company represents obligations of the Company’s investors and will not be reflected in the consolidated financial statements of the Company.

To qualify as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess of its realized net short-term capital gains over its realized net long-term capital losses. In order for the Company not to be subject to U.S. federal excise taxes, it must distribute annually an amount at least equal to the sum of (i) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of its capital gains in excess of capital losses for the one-year period ending on October 31 of the calendar year and (iii) any net ordinary income and capital gains in excess of capital losses for

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

preceding years that were not distributed during such years. The Company, at its discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. federal excise tax on this income.

Certain of the Company's consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. There were no material uncertain income tax positions through December 31, ~~2021. The 2020 through 2021~~2022. As applicable, the Company's prior three tax years remain subject to examination by U.S. federal, state and local tax authorities.

Income and Expense Allocations

Income and realized and unrealized capital gains and losses are allocated to each class of shares of the Company on the basis of the aggregate net asset value of that class in relation to the aggregate net asset value of the Company.

Expenses that are common to all share classes are borne by each class of shares based on the net assets of the Company attributable to each class. Expenses that are specific to a class of shares are allocated to such class either directly or through the servicing fees paid pursuant to the Company’s distribution plan. See Note 3. "Agreements and Related Party Transactions – Shareholder Servicing Plan.”

Distributions to Common Shareholders

Distributions to common shareholders are recorded on the record date. The amount to be distributed is determined by the Board and is generally based upon the earnings estimated by the Adviser. In addition, the Board may consider the level of undistributed taxable income carried forward from the prior year for distribution in the current year. Net realized long-term capital gains, if any, would be generally distributed at least annually although the Company may decide to retain such capital gains for investment.

Subject to the Company’s board of directors’ discretion and applicable legal restrictions, the Company intends to authorize and declare cash distributions to the Company’s shareholders on a monthly or quarterly basis and pay such distributions on a monthly basis. The per share amount of distributions for Class S, Class D, and Class I shares will differ because of different allocations of class-specific expenses. Specifically, because the ongoing servicing fees are calculated based on the Company’s net asset value for the Company’s Class S and Class D shares, the ongoing service fees will reduce the net asset value or, alternatively, the distributions payable, with respect to the shares of each such class, including shares issued under the Company’s distribution reinvestment plan. As a result, the distributions on Class S shares and Class D shares may be lower than the distributions on Class I shares.

~~Consolidation~~

As provided under Regulation S-X and ASC Topic 946 - Financial Services - Investment Companies, the Company will generally not consolidate its investment in a company other than a wholly-owned investment company or controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company's

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

~~wholly-owned subsidiaries in its consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.~~

The Company does not consolidate its equity interest in AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, "Amergin AssetCo"). For further description of the Company's investment in Amergin, see Note 3 "Agreements and Related Party Transactions - Controlled/Affiliated Portolfio Companies".

New Accounting Pronouncements

In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848),” which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848),” which expanded the scope of Topic 848 to include derivative instruments impacted by discounting transition. In December 2022, the FASB issued ASU No. 2022-06, “Reference Rate Reform (Topic 848),” which extended the transition period provided under ASU No. 2020-04 and ~~ASU~~ 2021-01 ~~are effective~~ for all entities ~~through~~from December 31, ~~2022.~~2022 to December 31, 2024. ASU No. 2021-01 provides increased clarity as the Company continues to evaluate the transition of reference rates and is currently evaluating the impact of adopting ASU No. 2020-04, 2021-01, and ~~2021-01~~2022-06 on the consolidated financial statements.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurement (Topic 820),” which clarifies the guidance in Topic 820 when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments affect all entities that have investments in equity securities measured at fair value that are subject to a contractual sale restriction. ASU 2022-03 is effective for public business entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. For all other entities the amendments are effective for fiscal years beginning after December 15, 2024, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. An entity that qualifies as an investment company under Topic 946 should apply the amendments in ASU No. 2022-03 to an investment in an equity security subject to a contractual sale restriction that is executed or modified on or after the date of adoption. The Company is currently evaluating the impact of adopting ASU No. 2022-03 on the consolidated financial statements.

Other than the aforementioned guidance, the Company's management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

Note 3. Agreements and Related Party Transactions

As of ~~September~~June 30, ~~2022,~~2023, the Company had payables to affiliates of ~~$22.5~~$39.2 million, primarily comprised of ~~$15.1~~$27.6 million of accrued performance based incentive fees, ~~$4.6~~$6.5 million of management fees, and ~~$2.8~~$5.1 million of costs and expenses reimbursable to the Adviser pursuant to the Administration Agreement. As of December 31, ~~2021,~~2022, the Company had payables to affiliates of ~~$9.1~~$32.6 million, primarily comprised of ~~$4.2~~$19.4 million of accrued performance based incentive fees, ~~$1.1~~$5.2 million of management fees, ~~$2.1~~$6.8 million ~~in obligations to repay~~of expense support ~~from the Adviser pursuant to the Investment Advisory Agreement,~~reimbursement, and ~~$1.7~~$1.2 million of costs and expenses reimbursable to the Adviser pursuant to the Administration Agreement.

Administration Agreement

The Company has entered into an amended and restated Administration Agreement (the “Administration Agreement”) with the Adviser. The Administration Agreement became effective on May 18, 2021 upon consummation of the transaction pursuant to which Owl Rock Capital Group, the parent of the Adviser (and a subsidiary of Owl Rock Capital Partners LP), and Dyal Capital Partners merged to form Blue Owl (the "Transaction"). The terms of the Administration Agreement are identical to the terms of the prior administration agreement.2021. Under the terms of the Administration Agreement, the Adviser performs, or oversees the performance of, required administrative services, which include providing office space, equipment and office services, maintaining financial records, preparing reports to shareholders and reports filed with the SEC, and managing the payment of expenses, and the performance of administrative and professional services rendered by others. ~~On May 3, 2022, the Board approved the continuation of the Administration Agreement.~~

The Administration Agreement also provides that the Company reimburses the Adviser for certain organization costs incurred prior to the commencement of the Company’s operations, and for certain offering costs.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

The Company reimburses the Adviser for services performed for it pursuant to the terms of the Administration Agreement. In addition, pursuant to the terms of the Administration Agreement, the Adviser may delegate its obligations under the Administration Agreement to an affiliate or to a third party and the Company will reimburse the Adviser for any services performed for it by such affiliate or third party.

Unless earlier terminated as described below, the Administration Agreement will remain in effect for two years from the date it first became effective, and will remain in effect and from year to year thereafter if approved annually by a majority of the Board or by the holders of a majority of the Company’s outstanding voting securities and, in each case, a majority of the independent directors. On May 8, 2023, the Board approved the continuation of the Administration Agreement.

The Administration Agreement may be terminated at any time, without the payment of any penalty, upon 60 days’ written notice, by the vote of a majority of the outstanding voting securities of the Company (as defined in the 1940 Act), or by the vote of a majority of the Board or by the Adviser.

No person who is an officer, director, or employee of the Adviser or its affiliates and who serves as a director of the Company receives any compensation from the Company for his or her services as a director. However, the Company reimburses the Adviser (or its affiliates) for an allocable portion of the compensation paid by the Adviser or its affiliates to the Company’s Chief Compliance Officer, Chief Financial Officer and their respective staffs (based on the percentage of time those individuals devote, on an estimated basis, to the business and affairs of the Company). Directors who are not affiliated with the Adviser receive compensation for their services and reimbursement of expenses incurred to attend meetings.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

For the three and ~~nine~~six months ended ~~September~~June 30, ~~2022,~~2023, the Company incurred expenses of approximately ~~$1.0~~$0.9 million and ~~$3.0~~$1.9 million, respectively, for costs and expenses reimbursable to the Adviser under the terms of the Administration Agreement. For the three and ~~nine~~six months ended ~~September~~June 30, ~~2021,~~2022, the Company incurred expenses of approximately ~~$0.6~~$1.0 million and ~~$1.4~~$2.0 million, respectively, for costs and expenses reimbursable to the Adviser under the terms of the Administration Agreement.

Investment Advisory Agreement

The Company has entered into an amended and restated Investment Advisory Agreement (the “Investment Advisory Agreement”) with the Adviser. The Investment Advisory Agreement became effective on May 18, ~~2021 upon consummation of the Transaction. The terms of the Investment Advisory Agreement are identical to the terms of the prior investment advisory agreement.~~2021. Under the terms of the Investment Advisory Agreement, the Adviser is responsible for managing the Company’s business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring its investments, and monitoring its portfolio companies on an ongoing basis through a team of investment professionals. ~~On May 3, 2022, the Board approved the continuation of the Investment Advisory Agreement.~~

The Adviser’s services under the Investment Advisory Agreement are not exclusive, and it is free to furnish similar services to other entities so long as its services to the Company are not impaired.

Under the terms of the Investment Advisory Agreement, the Company pays the Adviser a base management fee and may also pay a performance based incentive fee. The cost of both the management fee and the incentive fee will ultimately be borne by the Company’s shareholders.

Unless earlier terminated as described below, the Investment Advisory Agreement will remain in effect for two years from the date it first became effective, and will remain in effect and from year-to-year thereafter if approved annually by a majority of the Board or by the holders of a majority of the Company’s outstanding voting securities and, in each case, by a majority of independent directors. On May 8, 2023, the Board approved the continuation of the Investment Advisory Agreement.

The Investment Advisory Agreement will automatically terminate within the meaning of the 1940 Act and related SEC guidance and interpretations in the event of its assignment. In accordance with the 1940 Act, without payment of penalty, the Company may terminate the Investment Advisory Agreement with the Adviser upon 60 days’ written notice. The decision to terminate the agreement may be made by a majority of the Board of Directors or the shareholders holding a majority (as defined under the 1940 Act) of the outstanding shares of the Company’s common stock or the Adviser. In addition, without payment of any penalty, the Adviser may generally terminate the Investment Advisory Agreement upon 120 days’ written notice.

From time to time, the Adviser may pay amounts owed by the Company to third-party providers of goods or services, including the Board, and the Company will subsequently reimburse the Adviser for such amounts paid on its behalf. Amounts payable to the Adviser are settled in the normal course of business without formal payment terms.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

The base management fee is payable monthly in arrears. The base management fee is calculated at an annual rate of 1.25% based on the average value of the Company’s net assets at the end of the two most recently completed calendar months. All or part of the base management fee not taken as to any month will be deferred without interest and may be taken in any such month prior to the occurrence of a liquidity event. Base management fees for any partial month are prorated based on the number of days in the month. On September ~~30,2020~~30, 2020 and February 23, 2021, the Adviser agreed to waive 100% of the base management fee for the quarters ended

December 31, 2020 and March 31, 2021, respectively. Any portion of management fees waived shall not be subject to recoupment.

For the three and ~~nine~~six months ended ~~September~~June 30, ~~2022,~~2023, management fees were ~~$12.7~~$18.9 million and ~~$27.6~~$35.8 million, respectively. For the three and ~~nine~~six months ended ~~September~~June 30, ~~2021, management fees (gross of waivers) were $0.8 million and $1.1 million, respectively. For the nine months ended September 30, 2021, $52 thousand of~~2022, management fees were ~~waived.~~$9.3 million and $14.9 million, respectively.

Pursuant to the Investment Advisory Agreement, the Adviser is entitled to an incentive fee. The incentive fee consists of two parts: (i) an incentive fee on income and (ii) an incentive fee on capital gains. Each part of the incentive fee is outlined below.

The incentive fee on income will be calculated and payable quarterly in arrears and will be based upon the Company’s pre- incentive fee net investment income for the immediately preceding calendar quarter. In the case of a liquidation of the Company or if the Investment Advisory Agreement is terminated, the fee will also become payable as of the effective date of the event.

The incentive fee on income for each calendar quarter will be calculated as follows:

•No incentive fee on income will be payable in any calendar quarter in which the pre-incentive fee net investment income does not exceed a quarterly return to investors of 1.25% of the Company’s net asset value for that immediately preceding calendar quarter. The Company refers to this as the quarterly preferred return.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

•All of the Company’s pre-incentive fee net investment income, if any, that exceeds the quarterly preferred return, but is less than or equal to 1.43%, which the Company refers to as the upper level breakpoint, of the Company’s net asset value for that immediately preceding calendar quarter, will be payable to the Company’s Adviser. The Company refers to this portion of the incentive fee on income as the “catch-up.” It is intended to provide an incentive fee of 12.50% on all of the Company’s pre-incentive fee net investment income when the pre-incentive fee net investment income reaches 1.43% of the Company’s net asset value for that calendar quarter, measured as of the end of the immediately preceding calendar quarter. The quarterly preferred return of 1.25% and upper level breakpoint of 1.43% are also adjusted for the actual number of days each calendar quarter.

•For any quarter in which the Company’s pre-incentive fee net investment income exceeds the upper level break point of 1.43% of the Company’s net asset value for that immediately preceding calendar quarter, the incentive fee on income will equal 12.50% of the amount of the Company’s pre-incentive fee net investment income, because the quarterly preferred return and catch up will have been achieved.

•Pre-incentive fee net investment income is defined as investment income and any other income, accrued during the calendar quarter, minus operating expenses for the quarter, including the base management fee, expenses payable under the Investment Advisory Agreement and the Administration Agreement, any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee. Pre-incentive fee net investment income does not include any expense support payments or any reimbursement by the Company of expense support payments, or any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

The second component of the incentive fee, the "Capital Gains Incentive Fee", will be determined and payable in arrears as of the end of each calendar year during which the Investment Advisory Agreement is in effect. In the case of a liquidation, or if the Investment Advisory Agreement is terminated, the fee will also become payable as of the effective date of such event. The annual fee will equal (i) 12.50% of the Company’s realized capital gains on a cumulative basis from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less (ii) the aggregate amount of any previously paid incentive fees on capital gains as calculated in accordance with U.S. GAAP. The Company will accrue but will not pay a Capital Gains Incentive Fee with respect to unrealized appreciation because a Capital Gains Incentive Fee would be owed to the Adviser if the Company was to sell the relevant investment and realize a capital gain. In no event will the incentive fee on capital gains payable pursuant hereto be in excess of the amount permitted by the Advisers Act, including Section 205 thereof.

For the three and ~~nine~~six months ended ~~September~~June 30, 2023, the Company incurred performance based incentive fees on net investment income of $27.6 million and $51.2 million, respectively. For the three and six months ended June 30, 2022, the Company incurred performance based incentive fees on net investment income of ~~$15.1~~$9.5 million and ~~$30.1~~$14.9 million, respectively.

For the three and ~~nine~~six months ended ~~September~~June 30, ~~2021, the Company incurred performance based incentive fees on net investment income of $1.0 million~~2023 and ~~$1.1 million, respectively.~~

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

~~For the three months ended September 30,~~ 2022, the Company did not incur performance based incentive fees based on capital gains. For the ~~nine~~six months ended ~~September~~June 30, 2022, the Company recorded a reversal of previously recorded performance based incentive fees based on capital gains of $0.6 million. ~~For the three and nine months ended September 30, 2021, the Company incurred performance based incentive fees based on capital gains of $0.4 million and $0.5 million, respectively.~~

Under the terms of the Investment Advisory Agreement, the Adviser is entitled to receive up to 1.5% of gross offering proceeds raised in the continuous public offering until all organization and offering costs paid by the Adviser or its affiliates have been recovered. The Company bears all other expenses of its operations and transactions including, without limitation, those relating to: expenses deemed to be “organization and offering expenses” for purposes of Conduct Rule 2310(a)(12) of Financial Industry Regulatory Authority (exclusive of commissions, the dealer manager fee, any discounts and other similar expenses paid by investors at the time of sale of the Company’s stock); the cost of corporate and organizational expenses relating to offerings of shares of common stock, subject to limitations included in the Investment Advisory Agreement; the cost of calculating the Company’s net asset value, including the cost of any third-party valuation services; the cost of effecting any sales and repurchases of the common stock and other securities; fees and expenses payable under any dealer manager agreements, if any; debt service and other costs of borrowings or other financing arrangements; costs of hedging; expenses, including travel expense, incurred by the Adviser, or members of the Investment Team, or payable to third parties, performing due diligence on prospective portfolio companies and, if necessary, enforcing the Company’s rights; escrow agent, transfer agent and custodial fees and expenses; fees and expenses associated with marketing efforts; federal and state registration fees, any stock exchange listing fees and fees payable to rating agencies; federal, state and local taxes; independent directors’ fees and expenses, including certain travel expenses; costs of preparing financial statements and maintaining books and records and filing reports or other documents with the SEC (or other regulatory bodies) and other reporting and compliance costs, including registration fees, listing fees and licenses, and the compensation of professionals responsible for the preparation of the foregoing; the costs of any reports, proxy statements or other notices to shareholders (including printing and mailing costs); the costs of any shareholder or director meetings and the compensation of personnel responsible for the preparation of the foregoing and related matters; commissions and other compensation payable to brokers or dealers; research and market data; fidelity bond, directors and

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

officers errors and omissions liability insurance and other insurance premiums; direct costs and expenses of administration, including printing, mailing, long distance telephone and staff; fees and expenses associated with independent audits, outside legal and consulting costs; costs of winding up; costs incurred in connection with the formation or maintenance of entities or vehicles to hold the Company’s assets for tax or other purposes; extraordinary expenses (such as litigation or indemnification); and costs associated with reporting and compliance obligations under the Advisers Act and applicable federal and state securities laws. Notwithstanding anything to the contrary contained herein, the Company shall reimburse the Adviser (or its affiliates) for an allocable portion of the compensation paid by the Adviser (or its affiliates) to the Company’s Chief Compliance Officer and Chief Financial Officer and their respective staffs (based on a percentage of time such individuals devote, on an estimated basis, to the business affairs of the Company). Any such reimbursements will not exceed actual expenses incurred by the Adviser and its affiliates. The Adviser is responsible for the payment of the Company’s organization and offering expenses to the extent that these expenses exceed 1.5% of the aggregate gross offering proceeds, without recourse against or reimbursement by the Company.

For the three and ~~nine~~six months ended ~~September~~June 30, 2023, subject to the 1.5% organization and offering cost cap and the re-categorization of certain expenses as servicing fees, the Company accrued $0.1 million and $0.3 million, respectively, of initial organization and offering expenses that are reimbursable to the Adviser.

For the three and six months ended June 30, 2022, subject to the 1.5% organization and offering cost cap, the Company ~~accrued less than $0.1 million of~~did not accrue any initial organization and offering expenses that are reimbursable to the Adviser.

For the three and nine months ended September 30, 2021, subject to the 1.5% organization and offering cost cap, the Company accrued initial organization and offering expenses of $2.2 million and $2.5 million, respectively.

Affiliated Transactions

The Company may be prohibited under the 1940 Act from participating in certain transactions with its affiliates without prior approval of the directors who are not interested persons, and in some cases, the prior approval of the SEC. The Company relies on an order for exemptive relief (the "Order") that has been granted to the Adviser and its affiliates by the SEC to permit us to co-invest with other funds managed by the Adviser or certain affiliates, in a manner consistent with the Company’s investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. Pursuant to such Order, the Company generally is permitted to co-invest with certain of its affiliates if a “required majority” (as defined in Section 57(o) of the 1940 Act) of the Board make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the transaction, including the consideration to be paid, are reasonable and fair to the Company and its shareholders and do not involve overreaching ofby the Company or its shareholders on the part of any person concerned, (2) the transaction is consistent with the

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

interests of the Company’s shareholders and is consistent with its investment objective and strategies, (3) the investment by its affiliates would not disadvantage the Company, and the Company’s participation would not be on a basis different from or less advantageous than that on which its affiliates are investing, and (4) the proposed investment by the Company would not benefit the Adviser or its affiliates or any affiliated person of any of them (other than the parties to the transaction), except to the extent permitted by the ~~exemptive relief~~Order and applicable law, including the limitations set forth in Section 57(k) of the 1940 Act. In addition, the Company has received an amendment to its Order to permit it to ~~co-invest~~participate in follow-on investments in its existing portfolio companies with certain affiliates that are private funds, even if such private funds did not have an investment in such existing portfolio company.

The Adviser is affiliated with Blue Owl ~~Rock~~ Technology Credit Advisors LLC (“~~ORTA”~~OTCA”), Blue Owl ~~Rock Capital~~Technology Credit Advisors II LLC ("OTCA II"), Blue Owl Credit Private Fund Advisors LLC (“~~ORPFA”~~OPFA”), and Blue Owl ~~Rock~~ Diversified Credit Advisors LLC (“~~ORDA”), Owl Rock Technology Advisors~~ODCA” together with OTCA, OTCA II, ~~LLC, ("ORTA II"),~~OPFA and the Adviser, the ~~“Owl Rock Advisers”~~"Blue Owl Advisers"), which are also registered investment advisers. The Blue Owl ~~Rock~~Credit Advisers are ~~indirect~~ affiliates of Blue Owl and comprise part of ~~“Owl Rock,” a division of~~ Blue ~~Owl focused~~Owl's Credit platform, which focuses on direct lending. The ~~Adviser's or its affiliates' investment~~Blue Owl Credit Advisers’ allocation policy seeks to ensure equitable allocation of investment opportunities over time between the Company and other funds managed by the Adviser or its affiliates. As a result of the Order, there could be significant overlap in the Company’s investment portfolio and the investment portfolio of the business development companies, private funds and separately managed accounts managed by the Blue Owl Credit Advisers (collectively the "Blue Owl Credit Clients") and/or other funds managed by the Adviser or its affiliates that could avail themselves of the Order and that have an investment objective similar to the ~~Company’s.~~Company's.

Dealer Manager Agreement

The Company has entered into a dealer manager agreement (the “Dealer Manager Agreement”) with Blue Owl Securities, an affiliate of the Adviser, and participating broker-dealer agreements with certain broker-dealers. Under the terms of the Dealer Manager Agreement and the participating broker-dealer agreements, Blue Owl Securities serves as the dealer manager, and certain participating broker-dealers solicit capital, for the Company’s public offering of shares of Class S, Class D, and Class I common stock. Blue Owl

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

Securities will be entitled to receive upfront selling commissions of up to 3.50% of the offering price of each Class S share sold in this offering. Blue Owl Securities will be entitled to receive upfront selling commissions of up to 1.50% of the offering price of each Class D share sold in this offering. Blue Owl Securities anticipates that all or a portion of the upfront selling commissions will be retained by, or reallowed (paid) to, participating broker-dealers. Blue Owl Securities will not receive upfront selling commissions with respect to any class of shares issued pursuant to the Company’s distribution reinvestment plan or with respect to purchases of Class I shares.

Upfront selling commissions for sales of Class S and Class D shares may be reduced or waived in connection with volume or other discounts, other fee arrangements or for sales to certain categories of purchasers.

Blue Owl Securities, an affiliate of Blue Owl, is registered as a broker-dealer with the SEC and is a member of the Financial Industry Regulatory Authority.

Shareholder Servicing Plan

Subject to FINRA limitations on underwriting compensation and pursuant to a distribution plan adopted by the Company in compliance with Rules 12b-1 and 17d-3 under the 1940 Act, as if those rules applied to the Company, the Company will pay Blue Owl Securities servicing fees for ongoing services as follows:

•with respect to the Company’s outstanding Class S shares equal to 0.85% per annum of the aggregate net asset value of the Company’s outstanding Class S shares; and

•with respect to the Company’s outstanding Class D shares equal to 0.25% per annum of the aggregate net asset value of the Company’s outstanding Class D shares.

The Company will not pay an ongoing servicing fee with respect to the Company’s outstanding Class I shares.

For the three and six months ended June 30, 2023, the Company paid servicing fees with respect to Class D shares of $0.3 million and $0.6 million, respectively. For the three and six months ended June 30, 2023, the Company paid servicing fees with respect to Class S shares of $4.6 million and $8.6 million, respectively.

For the three and ~~nine~~six months ended ~~September~~June 30, 2022, the Company paid servicing fees with respect to Class D shares of $0.2 million and ~~$0.6~~$0.4 million, respectively. For the three and ~~nine~~six months ended ~~September~~June 30, 2022, the Company paid servicing fees with respect to Class S shares of ~~$3.3~~$2.7 million and ~~$7.8~~$4.5 million, respectively.

For the three and nine months ended September 30, 2021, the Company paid servicing fees with respect to Class D shares of $33 thousand and $46 thousand, respectively. For the three and nine months ended September 30, 2021, the Company paid servicing fees with respect to Class S shares of $223 thousand and $260 thousand, respectively.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

The servicing fees are paid monthly in arrears. Blue Owl Securities will reallow (pay) all or a portion of the ongoing servicing fees to participating broker-dealers and servicing broker-dealers for ongoing services performed by such broker-dealers, and will waive ongoing servicing fees to the extent a broker-dealer is not eligible to receive it for failure to provide such services. Because the ongoing servicing fees are calculated based on the Company’s net asset values for the Company’s Class S and Class D shares, they will reduce the net asset values or, alternatively, the distributions payable, with respect to the shares of each such class, including shares issued under ~~it`s~~its distribution reinvestment plan. The Company will cease paying ongoing servicing fees at the date at which total underwriting compensation from any source in connection with this offering equals 10% of the gross proceeds from ~~it`s~~its offering (excluding proceeds from issuances pursuant to ~~it`s~~its distribution reinvestment plan). This limitation is intended to ensure that the Company satisfies the requirements of FINRA Rule 2310, which provides that the maximum aggregate underwriting compensation from any source, including compensation paid from offering proceeds and in the form of “trail commissions,” payable to underwriters, broker-dealers, or affiliates thereof participating in an offering may not exceed 10% of gross offering proceeds, excluding proceeds received in connection with the issuance of shares through a distribution reinvestment plan.

Expense Support and Conditional Reimbursement Agreement

~~The~~On September 30, 2020, the Company ~~has~~ entered into the Expense Support and Conditional Reimbursement Agreement (the “Expense Support Agreement”) with the Adviser, the purpose of which is to ensure that no portion of the Company’s distributions to shareholders ~~will represent~~represented a return of capital for U.S. federal income tax purposes. The Expense Support Agreement became effective as of the date that the Company met the minimum offering ~~requirement.~~requirement and was terminated by the Adviser on March 7, 2023.

OnPursuant to the Expense Support Agreement, prior to its termination on March 7, 2023, on a quarterly basis, the Adviser ~~reimburses~~reimbursed the Company for “Operating Expenses” (as defined below) in an amount equal to the excess of the Company’s cumulative distributions paid to the Company’s shareholders in each quarter over “Available Operating Funds” (as defined below) received by the

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

Company on account of its investment portfolio during such quarter. Any payments that the Adviser was required to ~~be made by the Adviser~~make pursuant to the preceding sentence are referred to herein as an “Expense Payment”.

~~Pursuant to~~Under the Expense Support Agreement, “Operating Expenses” ~~means~~was defined as all of the Company’s operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies. “Available Operating Funds” ~~means~~was defined as the sum of (i) the Company’s estimated investment company taxable income (including realized net short-term capital gains reduced by realized net long-term capital losses), (ii) the Company’s realized net capital gains (including the excess of realized net long-term capital gains over realized net short-term capital losses) and (iii) dividends and other distributions paid to the Company on account of preferred and common equity investments in portfolio companies, if any (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above).

The Adviser’s obligation to make an Expense ~~Payment will~~Payments under the Expense Support Agreement automatically ~~become~~became a liability of the Adviser and the right to such Expense Payment ~~will be~~was an asset of the Company’s on the last business day of the applicable quarter. The Expense Payment for any quarter ~~will be~~was paid by the Adviser to the Company in any combination of cash or other immediately available funds, and/or offset against amounts due from the Company to the Adviser no later than the earlier of (i) the date on which the Company closes ~~it’s~~its books for such quarter, or (ii) forty-five days after the end of such quarter.

Following any quarter in which Available Operating Funds exceed the cumulative distributions paid by the Company in respect of such quarter (the amount of such excess being hereinafter referred to as “Excess Operating Funds”), the Company ~~will~~is required to pay such Excess Operating Funds, or a portion thereof, in accordance with the stipulations below, as applicable, to the Adviser, until such time as all Expense Payments made by the Adviser to the Company within three years prior to the last business day of such quarter have been reimbursed. Any payments required to be made by the Company are referred to as a “Reimbursement Payment”.

The amount of the Reimbursement Payment for any quarter shall equal the lesser of (i) the Excess Operating Funds in respect of such quarter and (ii) the aggregate amount of all Expense Payments made by the Adviser to the Company within three years prior to the last business day of such quarter that have not been previously reimbursed by the Company to the Adviser. The payment will be reduced to the extent that such Reimbursement Payments, together with all other Reimbursement Payments paid during the fiscal year, would cause Other Operating Expenses defined as the Company’s total Operating Expenses, excluding base management fees, incentive fees, organization and offering expenses, distribution and shareholder servicing fees, financing fees and costs, interest expense, brokerage commissions and extraordinary expenses on an annualized basis and net of any Expense Payments received by the Company during the fiscal year to exceed the lesser of: (i) 1.75% of the Company’s average net assets attributable to the shares of the Company’s common stock for the fiscal year-to-date period after taking such Expense Payments into account; and (ii) the percentage of the Company’s average net assets attributable to shares of the Company's common stock represented by Other Operating Expenses during the fiscal year in which such Expense Payment was made (provided, however, that this clause (ii) shall not apply to any Reimbursement Payment which relates to an Expense Payment made during the same fiscal year).

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

No Reimbursement Payment for any quarter will be made if: (1) the “Effective Rate of Distributions Per Share” (as defined below) declared by the Company at the time of such Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the Expense Payment was made to which such Reimbursement Payment relates, or (2) the Company’s “Operating Expense Ratio” (as defined below) at the time of such Reimbursement Payment is greater than the Operating Expense Ratio at the time the Expense Payment was made to which such Reimbursement Payment relates. Pursuant to the Expense Support Agreement, “Effective Rate of Distributions Per Share” means the annualized rate (based on a 365 day year) of regular cash distributions per share exclusive of returns of capital, distribution rate reductions due to distribution and shareholder fees, and declared special dividends or special distributions, if any. The “Operating Expense Ratio” is calculated by dividing Operating Expenses, less organizational and offering expenses, base management and incentive fees owed to Adviser, and interest expense, by the Company’s net assets.

The specific amount of expenses reimbursed by the Adviser, if any, will be determined at the end of each quarter. The ~~Company or~~Company's obligation to make Reimbursement Payments, subject to the ~~Adviser may terminate~~conditions above, survives the Expense Support Agreement at any time, with or without notice. The Expense Support Agreement will automatically terminate in the event of (a) the termination of the Investment Advisory Agreement, or (b) a determination by the Company’s Board to dissolve or liquidate the Company. Upon termination of the Expense Support ~~Agreement, the Company will be required to fund any Expense~~Agreement. There are no Reimbursement Payments ~~that have not been reimbursed by~~conditionally due from the Company to the Adviser.

AsPrior to termination of ~~September 30, 2022,~~ the ~~amount of~~Expense Support Agreement, Expense Support Payments provided by the Adviser since inception iswas $9.4 million. During the three and nine months ended September 30, 2022, the Company did not record any obligations to repay Expense Support from the Advisor. The Company may or may not reimburse remaining expense support in the future.

~~As of September 30, 2021, the amount of~~All Expense Support Payments ~~provided by the Adviser since inception is $2.6 million. During the three and nine months ended September 30, 2021, the Company recorded obligations~~were repaid prior to ~~repay Expense Support from the Adviser of $0.5 million. The Company may or may not reimburse remaining expense support in the future.~~termination.

The following table presents a summary of all expenses supported, and recouped, by the Adviser for each of the following three month periods in which the Company received Expense Support from the Adviser and the associated dates through which such expenses may be subject to reimbursement from the Company pursuant to the Expense Support ~~Agreement:~~Agreement. The Company did not receive any expense support post year end/prior to termination of the Expense Support Agreement.

Blue Owl Credit Income Corp.

For the Quarter Ended Amount of Expense Support Recoupment of Expense Support Unreimbursed Expense Support Effective Rate of Distribution per Share(1) Reimbursement Eligibility Expiration Operating Expense Ratio(2)
($ in thousands)
March 31, 2021 $ 822 $ 822 $ — 6.7 % March 31, 2024 9.47 %
June 30, 2021 1,756 1,756 — 6.6 % June 30, 2024 2.43 %
March 31, 2022 4,062 — 4,062 7.2 % March 31,
2025 0.67 %
June 30, 2022 2,713 — 2,713 7.4 % June 30, 2025 0.67 %
September 30, 2022 — — — 8.3 % September 30, 2025 0.72 %
Total $ 9,353 $ 2,578 $ 6,775
Notes to Consolidated Financial Statements - Continued

(Unaudited)


For the Quarter Ended	Amount of Expense Support		Recoupment of Expense Support		Unreimbursed Expense Support		Effective Rate of Distribution per Share(1)		Reimbursement Eligibility Expiration	Operating Expense Ratio(2)
($ in thousands)
March 31, 2021	$	822	$	822	$	—	6.7	%	March 31, 2024	9.47	%
June 30, 2021	1,756		1,756		—		6.6	%	June 30, 2024	2.43	%
March 31, 2022	4,062		—		4,062		7.2	%	March 31, 2025	0.67	%
June 30, 2022	2,713		—		2,713		7.4	%	June 30, 2025	0.67	%
September 30, 2022	—		—		—		8.3	%	September 30, 2025	0.72	%
December 31, 2022	—		6,775		(6,775)		8.8	%	December 31, 2025	0.62	%


Total	$	9,353	$	9,353	$	—

_______________

(1)The effective rate of distribution per share is expressed as a percentage equal to the projected annualized distribution amount as of the end of the applicable period (which is calculated by annualizing the regular monthly cash distributions per share as of such date without compounding), divided by the Company’s net asset value per share as of such date.

(2)The operating expense ratio is calculated by dividing annualized operating expenses, less organizational and offering expenses, base management and incentive fees owed to the Adviser, and interest expense, by the Company’s net assets.

License Agreement

On ~~September 30, 2020,~~July 6, 2023, the Company entered into a license agreement (the “License Agreement”), ~~pursuant to which~~with an affiliate of Blue Owl, ~~has granted~~pursuant to which the Company was granted a non-exclusive license to use the name ~~“Owl Rock.~~“Blue Owl.” Under the License Agreement, the Company has a right to use the Blue Owl ~~Rock~~ name for so long as the Adviser or one of its affiliates remains the Company’s investment adviser. Other than with respect to this limited license, the Company will have no legal right to the ~~“Owl Rock”~~“Blue Owl” name or logo.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

Promissory Note

The Company as borrower, entered into a Loan Agreement as amended and restated through the date ~~herof~~hereof (the "Loan Agreement") with Owl Rock Feeder FIC ORCIC Debt LLC ("Feeder FIC Debt"), an affiliate of the Adviser, as lender, to enter into revolving promissory notes (the "Promissory Notes") to borrow up to an aggregate of $250 million from Feeder FIC Debt. See Note 6 “Debt”.

On June 22, 2022, the Company and Feeder FIC Debt, entered into a Termination Agreement (the “Termination Agreement”) pursuant to which the Loan Agreement was terminated. Upon execution of the Termination Agreement there were no amounts outstanding pursuant to the Loan Agreement or the Promissory Notes.

Controlled/Affiliated Portfolio Companies

Under the 1940 Act, the Company is required to separately identify non-controlled investments where it owns 5% or more of a portfolio company’s outstanding voting securities and/or has the power to exercise control over the management or policies of such portfolio company as investments in “affiliated” companies. In addition, under the 1940 Act, the Company is required to separately identify investments where it owns more than 25% of a portfolio company’s outstanding voting securities and/or has the power to exercise control over the management or policies of such portfolio company as investments in “controlled” companies. Under the 1940 Act, “non-affiliated investments” are defined as investments that are neither controlled investments nor affiliated investments. Detailed information with respect to the Company’s non-controlled, non-affiliated; non-controlled, affiliated; and controlled affiliated investments is contained in the accompanying consolidated financial statements, including the consolidated schedule of investments.

The Company has made investments in a controlled, affiliated ~~company,~~companies, including OCIC SLF, Amergin AssetCo, and Fifth Season Investments LLC ("Fifth Season"). For further description of OCIC SLF see "Note 4 Investments". The Company has also made investments in a non-controlled, affiliated company, ~~Chapford SMA Partnership, L.P.~~LSI Financing 1 DAC ("~~Chapford SMA"~~LSI Financing").

Amergin AssetCo was created to invest in a leasing platform focused on railcar and aviation assets. Amergin consists of Amergin AssetCo and Amergin Asset Management LLC, which has entered into a Servicing Agreement with Amergin AssetCo. The Company made a $90.0 million equity commitment to Amergin AssetCo on July 1, 2022. The Company's investments in Amergin are co-investments made with the Company's affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. The Company does not consolidate its equity interest in ~~Amergin.~~Amergin AssetCo.

Blue Owl Credit Income Corp.

~~Chapford SMA~~Notes to Consolidated Financial Statements - Continued

(Unaudited)

Fifth Season is a portfolio company created to invest in life settlement assets. On July 18, 2022, the Company made a $15.9 million equity commitment to ~~Chapford SMA.~~Fifth Season. The Company increased its commitment to Fifth Season on October 17, 2022, November 9, 2022, November 15, 2022, November 29, 2022, February 9, 2023, May 3, 2023, June 1, 2023, June 13, 2023 and June 20, 2023 by $73.6 million, $1.7 million, $7.3 million, $7.0 million, $5.3 million, $5.3 million, $3.5 million, $3.5 million and $3.5 million, respectively. The Company's investment in ~~Chapford SMA~~Fifth Season is a co-investment with its affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. The Company does not consolidate its equity interest in Fifth Season.

LSI Financing is a portfolio company formed to acquire contractual rights to revenue pursuant to earnout agreements generally in the life sciences space. On December 14, 2022, the Company made a $6.2 million equity commitment to LSI Financing. The Company increased its commitment to LSI Financing on February 17, 2023, February 24, 2023, and March 16, 2023 by $2.8 million, $0.3 million, and $69.9 million, respectively. The Company's investment in LSI Financing is a co-investment made with the Company's affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. The Company does not consolidate its equity interest in ~~Chapford SMA.~~LSI Financing.

Note 4. Investments

Investments at fair value and amortized cost consisted of the ~~following~~below as of ~~September 30, 2022 and December 31, 2021:~~the following periods:


		September 30, 2022				December 31, 2021					June 30, 2023				December 31, 2022
($ in thousands)	($ in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value		($ in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
First-lien senior secured debt investments	First-lien senior secured debt investments	$	8,269,401	$	8,189,910	$	2,490,219	$	2,491,334	First-lien senior secured debt investments	$	10,508,752	$	10,510,930	$	8,499,854	$	8,448,540
Second-lien senior secured debt investments	Second-lien senior secured debt investments	1,044,817		983,533		496,559		498,247		Second-lien senior secured debt investments	1,207,682		1,156,422		1,203,388		1,142,862
Unsecured debt investments	Unsecured debt investments	217,517		198,777		2,164		2,116		Unsecured debt investments	231,273		227,659		221,564		211,328
Preferred equity investments(1)	Preferred equity investments(1)	478,809		468,123		56,696		56,970		Preferred equity investments(1)	661,110		652,907		510,033		500,023
Common equity investments ~~(1)~~(2)	Common equity investments ~~(1)~~(2)	151,503		163,161		71,259		71,705		Common equity investments ~~(1)~~(2)	301,207		325,496		248,176		264,437
Joint ventures(3)										Joint ventures(3)	222,933		226,230		141,777		140,394
Total Investments	Total Investments	$	10,162,047	$	10,003,504	$	3,116,897	$	3,120,372	Total Investments	$	13,132,957	$	13,099,644	$	10,824,792	$	10,707,584

_______________

(1)Includes equity ~~investments~~investment in LSI Financing.

(2)Includes equity investment in Amergin AssetCo and ~~Chapford SMA.~~Fifth Season.

(3)Includes equity investment in OCIC SLF. See below, within Note 4, for more information regarding OCIC SLF.

The industry composition of investments based on fair value consisted of the below as of ~~September 30, 2022 and December 31, 2021 was as follows:~~the following periods:


	June 30, 2023		December 31, 2022
Advertising and media	2.3	%	2.8	%
Aerospace and defense	0.3		0.4
Asset based lending and fund finance(1)	1.2		1.2
Automotive	1.1		1.4
Buildings and real estate	4.1		4.0
Business services	6.6		7.3
Chemicals	1.6		1.7
Consumer products	2.6		2.4
Containers and packaging	3.3		3.6
Distribution	2.5		2.3
Education	1.2		1.4
Energy equipment and services	—		0.1
Financial services	1.9		2.6
Food and beverage	4.8		5.8
Healthcare equipment and services	3.9		3.9

5165

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)


	June 30, 2023		December 31, 2022
Healthcare providers and services	13.1		14.4
Healthcare technology	4.9		5.2
Household products	2.3		2.4
Human resource support services	0.9		1.1
Infrastructure and environmental services	1.3		0.9
Insurance(2)	10.0		9.7
Internet software and services	13.4		13.6
Joint ventures(3)	1.7		1.3
Leisure and entertainment	1.1		1.2
Manufacturing	5.0		3.0
Pharmaceuticals(4)	0.6		—
Professional services	4.7		2.8
Specialty retail	2.5		3.2
Telecommunications	0.1		—
Transportation	1.0		0.3
Total	100.0	%	100.0	%

September 30, 2022 December 31, 2021
Advertising and media 3.0 % 2.8 %
Aerospace and defense 0.5 0.5
Automotive 1.0 1.7
Buildings and real estate 4.4 4.0
Business services 7.6 7.7
Chemicals 1.6 3.4
Consumer products 2.7 3.6
Containers and packaging 3.8 4.8
Distribution 2.7 1.7
Education 1.6 0.2
Energy equipment and services 0.3 —
Financial services 3.6 4.3
Food and beverage 6.5 1.5
Healthcare equipment and services 4.7 4.1
Healthcare providers and services 12.6 8.6
Healthcare technology 6.3 7.0
Household products 2.5 0.3
Human resource support services 1.2 4.0
Infrastructure and environmental services 1.0 0.9
Insurance 8.2 12.4
Internet software and services 12.6 12.3
Leisure and entertainment 1.4 3.0
Manufacturing 3.3 2.4
Professional services 3.1 3.6
Specialty retail 3.3 4.8
Telecommunications 0.2 0.1
Transportation 0.3 0.3
Total 100.0 % 100.0 %
_______________

(1)Includes equity investment in Amergin AssetCo.

(2)Includes equity investment in Fifth Season Investments LLC.

(3)Includes equity investment in OCIC SLF. See below, within Note 4, for more information regarding OCIC SLF.

(4)Includes equity investment in LSI Financing.

The geographic composition of investments based on fair value consisted of the below as of ~~September~~the following periods:


	June 30, 2023		December 31, 2022
United States:
Midwest	19.1	%	20.4	%
Northeast	18.6		20.0
South	34.7		29.7
West	18.8		20.7
International	8.8		9.2
Total	100.0	%	100.0	%

OCIC SLF

Blue Owl Credit Income Senior Loan Fund LLC (fka ORCIC Senior Loan Fund LLC) ("OCIC SLF"), a Delaware limited liability company, was formed as a wholly-owned subsidiary of the Company and commenced operations on February 14, 2022. On November 2, 2022, the Company and State Teachers Retirement System of Ohio ("OSTRS" and together with the Company, the "Members" and each, a "Member") entered into an Amended and Restated Limited Liability Company Agreement to co-manage OCIC SLF as a joint-venture. OCIC SLF’s principal purpose is to make investments, primarily in senior secured loans that are made to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. The Company and OSTRS have agreed to contribute $437.5 million and $62.5 million, respectively, to OCIC SLF. The Company and OSTRS have a 87.5% and 12.5% economic ownership, respectively, in OCIC SLF. Except under certain circumstances, contributions to OCIC SLF cannot be redeemed. OCIC SLF is managed by a board consisting of an equal number of representatives appointed by each Member and which acts unanimously. Investment decisions must be approved unanimously by an investment committee consisting of an equal number of representative appointed by each Member.

The Company has determined that OCIC SLF is an investment company under Accounting Standards Codification (“ASC”) 946, however, in accordance with such guidance, the Company will generally not consolidate its investment in a company other than a

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

wholly owned investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company does not consolidate its non-controlling interest in OCIC SLF.

As of June 30, ~~2022~~2023 and December 31, ~~2021~~2022, OCIC SLF had total investments in senior secured debt at fair value, as determined by an independent valuation firm, of $789.8 million and $506.2million, respectively. The determination of fair value is in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 820, Fair Value Measurements (“ASC 820”), as amended; however, such fair value is not included in our valuation process. The following table is a summary of OCIC SLF’s portfolio as well as a listing of the portfolio investments in OCIC SLF's portfolio as the following periods:


($ in thousands)	June 30, 2023			December 31, 2022
Total senior secured debt investments(1)	$	809,964		$	529,463
Weighted average spread over base rate(1)	3.8		%	4.4		%
Number of portfolio companies	142			74
Largest funded investment to a single borrower(1)	$	14,493		$	14,547

________________

(1)At par.


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Debt Investments(5)
Aerospace and defense
American Airlines, Inc.(11)	First lien senior secured loan	SR +	2.75%	02/2028	$	2,000	$	1,964	$	1,961	0.8	%
Avolon TLB Borrower 1 (US) LLC(9)	First lien senior secured loan	SR +	2.50%	06/2028	8,000		7,920		7,990		3.0	%
Bleriot US Bidco Inc.(10)	First lien senior secured loan	SR +	4.00%	10/2026	5,246		5,164		5,238		2.0	%
Peraton Corp.(9)	First lien senior secured loan	SR +	3.75%	02/2028	7,532		7,277		7,385		2.9	%
Transdigm, Inc.(10)	First lien senior secured loan	SR +	3.25%	08/2028	3,990		3,982		3,986		1.5	%
Transdigm, Inc.(10)	First lien senior secured loan	SR +	3.25%	02/2027	2,985		2,933		2,985		1.2	%
					29,753		29,240		29,545		11.4	%
Automotive
Belron Finance US LLC(10)	First lien senior secured loan	SR +	2.75%	04/2029	$	2,500	$	2,488	$	2,499	0.9	%
PAI Holdco, Inc.(7)	First lien senior secured loan	L +	3.75%	10/2027	6,595		6,130		6,096		2.4	%
					9,095		8,618		8,595		3.3	%
Buildings and real estate
CPG International LLC(9)	First lien senior secured loan	SR +	2.50%	04/2029	$	6,924	$	6,889	$	6,887	2.7	%
Beacon Roofing Supply, Inc.(6)	First lien senior secured loan	L +	2.25%	05/2028	3,486		3,482		3,473		1.3	%
Cushman & Wakefield U.S. Borrower, LLC(9)	First lien senior secured loan	SR +	2.75%	08/2025	2,000		1,967		1,980		0.8	%
Dodge Construction Network, LLC(10)(12)	First lien senior secured loan	SR +	4.75%	02/2029	5,247		4,915		4,198		1.6	%
GYP Holdings III Corp.(10)(12)	First lien senior secured loan	SR +	3.00%	05/2030	2,000		1,990		2,000		0.8	%
RealPage, Inc.(9)	First lien senior secured loan	SR +	3.00%	04/2028	10,493		9,924		10,255		3.9	%
Wrench Group LLC(10)	First lien senior secured loan	SR +	4.00%	04/2026	9,710		9,693		9,593		3.7	%
					39,860		38,860		38,386		14.8	%
Business services
Prime Security Services Borrower, LLC(6)	First lien senior secured loan	L +	2.75%	09/2026	$	1,990	$	1,961	$	1,988	0.8	%
BrightView Landscapes, LLC(10)	First lien senior secured loan	SR +	3.25%	04/2029	10,486		10,201		10,319		4.0	%
ConnectWise, LLC(6)	First lien senior secured loan	L +	3.50%	09/2028	10,493		9,951		10,199		3.9	%
IDEMIA Group SAS(10)(12)	First lien senior secured loan	SR +	4.75%	09/2028	2,000		1,975		1,975		0.8	%
Packers Holdings, LLC(9)	First lien senior secured loan	SR +	3.25%	03/2028	6,159		5,693		4,248		1.6	%
Brown Group Holdings, LLC(10)	First lien senior secured loan	SR +	3.75%	07/2029	3,512		3,478		3,503		1.4	%
Sitel Worldwide Corp.(6)	First lien senior secured loan	L +	3.75%	08/2028	6,975		6,868		6,806		2.6	%
VM Consolidated, Inc.(9)	First lien senior secured loan	SR +	3.25%	03/2028	2,419		2,396		2,419		0.9	%
					44,034		42,523		41,457		16.0	%

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Chemicals
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(9)(12)	First lien senior secured loan	SR +	4.75%	11/2027	$	2,985	$	2,796	$	2,925	1.1	%
Axalta Coating Systems US Holdings Inc.(10)	First lien senior secured loan	SR +	3.00%	12/2029	4,613		4,571		4,618		1.7	%
Cyanco Intermediate 2 Corp.(9)(12)	First lien senior secured loan	SR +	4.75%	07/2028	3,000		2,910		2,910		1.1	%
H.B. Fuller Company(9)	First lien senior secured loan	SR +	2.50%	02/2030	1,995		1,995		2,000		0.8	%
Ineos US Petrochem LLC(9)(12)	First lien senior secured loan	SR +	3.75%	03/2030	2,000		1,980		1,990		0.8	%
Ineos US Finance LLC(9)	First lien senior secured loan	SR +	3.50%	02/2030	2,000		1,981		1,987		0.8	%
Ineos US Finance LLC(9)	First lien senior secured loan	SR +	3.75%	11/2027	2,993		2,895		2,979		1.2	%
Nouryon Finance B.V.(10)	First lien senior secured loan	SR +	4.00%	04/2028	2,000		1,981		1,979		0.8	%
Blue Tree Holdings, Inc.(10)	First lien senior secured loan	SR +	2.50%	03/2028	3,985		3,948		3,908		1.5	%
Windsor Holdings III LLC(10)	First lien senior secured loan	SR +	4.50%	06/2030	5,000		4,900		4,908		1.9	%
					30,571		29,957		30,204		11.7	%
Consumer products
Olaplex, Inc.(9)	First lien senior secured loan	SR +	3.50%	02/2029	$	5,247	$	4,892	$	4,893	1.9	%
					5,247		4,892		4,893		1.9	%
Containers and packaging
Berlin Packaging L.L.C.(7)	First lien senior secured loan	L +	3.75%	03/2028	$	11,548	$	11,128	$	11,339	4.4	%
BW Holding, Inc.(10)(12)	First lien senior secured loan	SR +	4.00%	12/2028	7,728		7,608		7,046		2.7	%
Charter NEX US, Inc.(9)	First lien senior secured loan	SR +	3.75%	12/2027	4,974		4,929		4,931		1.9	%
Valcour Packaging, LLC(8)	First lien senior secured loan	L +	3.75%	10/2028	9,875		9,856		8,300		3.2	%
Ring Container Technologies Group, LLC(9)	First lien senior secured loan	SR +	3.50%	08/2028	9,713		9,552		9,662		3.8	%
Trident TPI Holdings, Inc.(10)	First lien senior secured loan	SR +	4.50%	09/2028	4,000		3,883		3,939		1.5	%
Tricorbraun Holdings, Inc.(9)	First lien senior secured loan	SR +	3.25%	03/2028	10,493		9,989		10,201		3.9	%
					58,331		56,945		55,418		21.4	%
Distribution
Dealer Tire, LLC(9)	First lien senior secured loan	SR +	4.50%	12/2027	$	3,939	$	3,875	$	3,920	1.5	%
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9)	First lien senior secured loan	SR +	4.75%	12/2028	5,292		5,240		5,273		2.1	%
SRS Distribution, Inc.(6)	First lien senior secured loan	L +	3.50%	06/2028	10,520		9,844		10,204		3.9	%
White Cap Supply Holdings, LLC(9)	First lien senior secured loan	SR +	3.75%	10/2027	10,520		10,018		10,412		4.0	%
					30,271		28,977		29,809		11.5	%
Education
Sophia, L.P.(9)(12)	First lien senior secured loan	SR +	4.25%	10/2027	$	9,713	$	9,696	$	9,689	3.7	%
Severin Acquisition, LLC (dba Powerschool)(10)	First lien senior secured loan	SR +	3.00%	08/2025	4,872		4,799		4,867		2.0	%
Renaissance Learning, Inc.(10)	First lien senior secured loan	SR +	4.75%	05/2025	3,500		3,404		3,452		1.3	%
					18,085		17,899		18,008		7.0	%
Energy equipment and services
AMG Advanced Metallurgical Group N.V(9)	First lien senior secured loan	SR +	3.50%	11/2028	$	3,448	$	3,423	$	3,430	1.3	%
AZZ Inc.(9)	First lien senior secured loan	SR +	4.25%	05/2029	7,925		7,864		7,923		3.1	%
Pike Corp.(9)	First lien senior secured loan	SR +	3.00%	01/2028	9,800		9,624		9,749		3.8	%
Brookfield WEC Holdings Inc.(9)	First lien senior secured loan	SR +	3.75%	08/2025	3,474		3,453		3,473		1.3	%
					24,647		24,364		24,575		9.5	%
Financial services
Acuris Finance US, Inc. (ION Analytics) (10)	First lien senior secured loan	SR +	4.00%	02/2028	$	4,500	$	4,406	$	4,437	1.7	%
AllSpring Buyer(10)	First lien senior secured loan	SR +	3.75%	11/2028	4,963		4,903		4,938		1.9	%
Deerfield Dakota Holdings(10)	First lien senior secured loan	SR +	3.75%	04/2027	7,869		7,525		7,622		2.9	%
The Edelman Financial Engines Center, LLC(6)	First lien senior secured loan	L +	3.75%	04/2028	3,980		3,893		3,874		1.5	%
Focus Financial Partners, LLC(9)	First lien senior secured loan	SR +	3.25%	06/2028	4,963		4,884		4,918		1.9	%

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Focus Financial Partners, LLC(10)	First lien senior secured loan	SR +	3.50%	06/2028	3,000		2,955		2,978		1.2	%
Guggenheim Partners Investment Management Holdings, LLC(10)	First lien senior secured loan	SR +	3.25%	12/2029	4,975		4,893		4,965		1.9	%
Harbourvest Partners, L.P.(10)	First lien senior secured loan	SR +	3.00%	04/2030	2,500		2,463		2,494		1.0	%
TMF Sapphire Bidco B.V.(10)	First lien senior secured loan	SR +	5.00%	05/2028	2,500		2,450		2,497		1.0	%
					39,250		38,372		38,723		15.0	%
Food and beverage
Aramark Services, Inc.(9)(12)	First lien senior secured loan	SR +	2.50%	06/2030	$	2,000	$	1,980	$	1,980	0.8	%
Nomad Foods Europe Midco Ltd.(11)	First lien senior secured loan	SR +	3.75%	11/2029	5,000		4,812		4,994		1.9	%
Pegasus BidCo B.V.(10)(12)	First lien senior secured loan	SR +	4.25%	07/2029	5,473		5,316		5,199		2.0	%
Shearer's Foods, LLC(9)	First lien senior secured loan	SR +	3.50%	09/2027	8,762		8,207		8,642		3.3	%
Simply Good Foods USA, Inc.(9)	First lien senior secured loan	SR +	2.50%	03/2027	4,097		4,068		4,079		1.6	%
Naked Juice LLC (dba Tropicana)(10)	First lien senior secured loan	SR +	3.25%	01/2029	10,520		9,679		9,766		3.8	%
					35,852		34,062		34,660		13.4	%
Healthcare equipment and services
Confluent Medical Technologies, Inc.(10)(12)	First lien senior secured loan	SR +	3.75%	02/2029	$	9,713	$	9,583	$	9,567	3.7	%
Dermatology Intermediate Holdings III, Inc.(10)	First lien senior secured loan	SR +	4.25%	03/2029	9,900		9,788		9,771		3.8	%
Dermatology Intermediate Holdings III, Inc.(10)(13)	First lien senior secured delayed draw term loan	SR +	4.25%	03/2029	1,781		1,771		1,757		0.7	%
Medline Borrower, LP(9)	First lien senior secured loan	SR +	3.25%	10/2028	8,285		7,773		8,184		3.2	%
Natus Medical Inc.(10)(12)	First lien senior secured loan	SR +	5.50%	07/2029	4,478		4,180		4,455		1.7	%
Zest Acquisition Corp.(9)	First lien senior secured loan	SR +	5.50%	02/2028	5,990		5,750		5,743		2.2	%
					40,147		38,845		39,477		15.3	%
Healthcare providers and services
Covetrus, Inc.(10)	First lien senior secured loan	SR +	5.00%	10/2029	$	9,476	$	8,949	$	8,805	3.4	%
LSCS Holdings, Inc.(6)(12)	First lien senior secured loan	L +	4.50%	12/2028	6,152		5,994		5,992		2.3	%
HAH Group Holding Company LLC (dba Help at Home)(10)(12)	First lien senior secured loan	SR +	5.00%	10/2027	998		998		973		0.4	%
MJH Healthcare Holdings, LLC(9)(12)	First lien senior secured loan	SR +	3.50%	01/2029	3,812		3,753		3,774		1.5	%
Phoenix Newco, Inc. (dba Parexel)(9)	First lien senior secured loan	SR +	3.25%	11/2028	7,406		7,155		7,340		2.8	%
Pediatric Associates Holding Company, LLC(9)(12)	First lien senior secured loan	SR +	4.50%	12/2028	2,000		1,921		1,990		0.8	%
Pediatric Associates Holding Company, LLC(9)(13)	First lien senior secured delayed draw term loan	SR +	3.25%	12/2028	222		218		216		0.1	%
Pediatric Associates Holding Company, LLC(9)	First lien senior secured loan	SR +	3.25%	12/2028	5,119		5,036		4,998		1.9	%
Physician Partners, LLC(10)	First lien senior secured loan	SR +	4.00%	12/2028	9,900		9,396		9,281		3.6	%
Premise Health Holding(10)(12)	First lien senior secured loan	SR +	4.75%	07/2025	3,218		3,188		3,193		1.2	%
					48,303		46,608		46,562		18.0	%
Healthcare technology
Athenahealth Group Inc.(9)	First lien senior secured loan	SR +	3.50%	02/2029	$	9,355	$	8,641	$	8,993	3.5	%
Athenahealth Group Inc.(9)(13)	First lien senior secured delayed draw term loan	SR +	3.50%	02/2029	—		(104)		(39)		—	%
Gainwell Acquisition Corp.(10)	First lien senior secured loan	SR +	4.00%	10/2027	4,980		4,887		4,899		1.9	%
GHX Ultimate Parent Corp.(10)	First lien senior secured loan	SR +	4.75%	06/2027	3,000		2,927		3,002		1.2	%
Imprivata, Inc.(9)	First lien senior secured loan	SR +	4.25%	12/2027	9,713		9,552		9,563		3.7	%
PointClickCare Technologies Inc.PointClickCare Technologies Inc(8)	First lien senior secured loan	L +	3.00%	12/2027	1,995		1,965		1,990		0.8	%
R1 RCM Inc.(9)	First lien senior secured loan	SR +	3.00%	06/2029	3,990		3,990		3,990		1.5	%
Bracket Intermediate Holding Corp.(10)(12)	First lien senior secured loan	SR +	5.00%	05/2028	5,667		5,500		5,553		2.1	%
Verscend Holding Corp.(9)	First lien senior secured loan	SR +	4.00%	08/2025	9,894		9,793		9,879		3.8	%
Zelis Cost Management Buyer, Inc.(6)	First lien senior secured loan	L +	3.50%	09/2026	4,477		4,473		4,470		1.7	%
					53,071		51,624		52,300		20.2	%

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Household products
Samsonite International S.A.(9)	First lien senior secured loan	SR +	2.75%	06/2030	$	2,000	$	1,990	$	2,004	0.8	%
					2,000		1,990		2,004		0.8	%
Infrastructure and environmental services
Asplundh Tree Expert, LLC(9)	First lien senior secured loan	SR +	1.75%	09/2027	$	997	$	993	$	994	0.4	%
Osmose Utilities Services, Inc.(9)	First lien senior secured loan	SR +	3.25%	06/2028	9,713		9,058		9,504		3.6	%
USIC Holdings, Inc.(6)	First lien senior secured loan	L +	3.50%	05/2028	2,962		2,828		2,799		1.1	%
					13,672		12,879		13,297		5.1	%
Insurance
Acrisure, LLC(10)	First lien senior secured loan	SR +	5.75%	02/2027	$	7,463	$	7,181	$	7,481	2.9	%
AssuredPartners, Inc.(9)	First lien senior secured loan	SR +	4.25%	02/2027	4,963		4,808		4,947		1.9	%
Broadstreet Partners, Inc.(10)	First lien senior secured loan	SR +	2.75%	01/2027	4,155		4,107		4,095		1.6	%
Broadstreet Partners, Inc.(9)	First lien senior secured loan	SR +	4.00%	01/2029	3,000		2,963		2,978		1.2	%
Hub International(9)	First lien senior secured loan	SR +	4.25%	04/2025	8,000		7,920		8,014		3.1	%
Howden Group Holdings Ltd. (dba HIG Finance 2 Ltd. / Preatorian)(9)	First lien senior secured loan	SR +	4.00%	04/2030	3,990		3,833		3,975		1.5	%
IMA Financial Group, Inc.(9)(12)	First lien senior secured loan	SR +	4.25%	11/2028	3,500		3,413		3,413		1.3	%
					35,071		34,225		34,903		13.5	%
Internet software and services
Barracuda Parent, LLC(10)	First lien senior secured loan	SR +	4.50%	08/2029	$	10,547	$	10,120	$	10,160	3.9	%
Boxer Parent Company Inc.(9)	First lien senior secured loan	SR +	3.75%	10/2025	1,988		1,968		1,970		0.8	%
Central Parent, Inc.(10)	First lien senior secured loan	SR +	4.25%	07/2029	10,547		10,331		10,510		4.1	%
DCert Buyer, Inc.(10)	First lien senior secured loan	SR +	4.00%	10/2026	4,982		4,955		4,931		1.9	%
E2open, LLC(9)	First lien senior secured loan	SR +	3.50%	02/2028	6,841		6,732		6,801		2.7	%
Hyland Software, Inc.(6)	First lien senior secured loan	L +	3.50%	07/2024	9,896		9,752		9,807		3.8	%
Idera, Inc.(9)	First lien senior secured loan	SR +	3.75%	03/2028	5,980		5,814		5,813		2.2	%
Infinite Bidco LLC(10)(12)	First lien senior secured loan	SR +	3.25%	03/2028	2,985		2,886		2,881		1.1	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(11)	First lien senior secured loan	SR +	3.75%	12/2027	10,519		9,693		10,163		3.9	%
McAfee Corp.(9)	First lien senior secured loan	SR +	3.75%	03/2029	2,985		2,858		2,849		1.1	%
Perforce Software, Inc.(6)	First lien senior secured loan	L +	3.75%	07/2026	2,985		2,839		2,818		1.1	%
Quartz Acquireco, LLC (dba Qualtrics AcquireCo, LLC)(9)(12)	First lien senior secured loan	SR +	3.50%	04/2030	4,000		3,960		3,960		1.5	%
Rocket Software, Inc.(9)	First lien senior secured loan	SR +	4.25%	11/2025	5,600		5,514		5,535		2.2	%
SONICWALL US Holdings Inc.(10)	First lien senior secured loan	SR +	3.75%	05/2025	4,195		4,141		4,135		1.6	%
Sophos Holdings, LLC(9)	First lien senior secured loan	SR +	3.50%	03/2027	10,492		10,294		10,399		4.0	%
UST Holdings, Ltd.(9)(12)	First lien senior secured loan	SR +	3.50%	11/2028	7,078		7,053		6,954		2.7	%
VS Buyer LLC(9)	First lien senior secured loan	SR +	3.25%	02/2027	2,985		2,985		2,940		1.1	%
					104,605		101,895		102,626		39.7	%
Leisure and entertainment
Delta 2 (Lux) SARL (dba Formula One)(9)	First lien senior secured loan	SR +	3.00%	01/2030	$	3,000	$	2,972	$	2,999	1.2	%
					3,000		2,972		2,999		1.2	%
Manufacturing
Altar Bidco, Inc.(11)	First lien senior secured loan	SR +	3.10%	02/2029	$	4,739	$	4,538	$	4,659	1.8	%
Columbus McKinnon Corp.(10)	First lien senior secured loan	SR +	2.75%	05/2028	491		487		489		0.2	%
EMRLD Borrower LP (dba Emerson Climate Technologies, Inc.)(10)	First lien senior secured loan	SR +	3.00%	05/2030	10,018		9,919		10,009		3.9	%
Engineered Machinery Holdings, Inc. (dba Duravant)(7)	First lien senior secured loan	L +	3.50%	05/2028	4,975		4,941		4,871		1.9	%
DXP Enterprises, Inc.(11)	First lien senior secured loan	SR +	5.25%	12/2027	6,952		6,657		6,966		2.8	%
Entegris, Inc.(9)	First lien senior secured loan	SR +	2.75%	07/2029	2,384		2,384		2,385		0.9	%
Filtration Group Corp.(9)	First lien senior secured loan	SR +	4.25%	10/2028	3,990		3,950		3,985		1.5	%
Gates Global LLC(9)	First lien senior secured loan	SR +	3.50%	11/2029	1,985		1,929		1,983		0.8	%
Pro Mach Group, Inc.(6)	First lien senior secured loan	L +	4.00%	08/2028	10,493		10,250		10,459		4.0	%

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Pro Mach Group, Inc.(10)(12)	First lien senior secured loan	SR +	5.00%	08/2028	4,000		3,814		4,000		1.5	%
Watlow Electric Manufacturing Company(10)	First lien senior secured loan	SR +	3.75%	03/2028	7,905		7,781		7,802		3.0	%
					57,932		56,650		57,608		22.3	%
Pharmaceuticals
Fortrea Holdings Inc.(10)	First lien senior secured loan	SR +	3.75%	06/2030	$	2,000	$	1,970	$	1,999	0.8	%
					2,000		1,970		1,999		0.8	%
Professional services
Apex Group Treasury, LLC(7)(12)	First lien senior secured loan	L +	3.75%	07/2028	$	4,913	$	4,739	$	4,839	1.9	%
Apex Group Treasury, LLC(10)(12)	First lien senior secured loan	SR +	5.00%	07/2028	2,488		2,349		2,475		1.0	%
Camelot U.S. Acquisition 1 Co.(9)	First lien senior secured loan	SR +	3.00%	10/2026	2,000		1,983		1,996		0.8	%
Skopima Merger Sub Inc.(6)	First lien senior secured loan	L +	4.00%	05/2028	4,975		4,739		4,826		1.9	%
Corporation Service Company(9)	First lien senior secured loan	SR +	3.25%	11/2029	1,990		1,985		1,992		0.8	%
EM Midco2 Ltd. (dba Element Materials Technology)(10)	First lien senior secured loan	SR +	4.25%	06/2029	9,060		8,952		8,856		3.4	%
Genuine Financial Holdings LLC(6)	First lien senior secured loan	L +	3.75%	07/2025	3,976		3,976		3,967		1.5	%
Red Ventures, LLC(9)	First lien senior secured loan	SR +	3.00%	03/2030	3,990		3,951		3,954		1.5	%
Sovos Compliance, LLC(9)	First lien senior secured loan	SR +	4.50%	08/2028	10,494		10,174		10,104		3.9	%
VT Topco, Inc. (dba Veritext)(9)	First lien senior secured loan	SR +	3.75%	08/2025	3,983		3,936		3,922		1.5	%
VT Topco, Inc. (dba Veritext)(9)(13)	First lien senior secured delayed draw term loan	SR +	3.75%	08/2025	—		—		—		—	%
Vistage Worldwide, Inc.(9)(12)	First lien senior secured loan	SR +	5.25%	07/2029	3,970		3,822		3,930		1.5	%
					51,839		50,606		50,861		19.7	%
Specialty retail
Pilot Travel Centers LLC(9)	First lien senior secured loan	SR +	2.00%	08/2028	$	796	$	791	$	794	0.3	%
					796		791		794		0.3	%
Telecommunications
Ciena Corp.(9)	First lien senior secured loan	SR +	2.50%	01/2030	$	1,995	$	1,986	$	1,995	0.8	%
Cogeco Communications (USA) II L.P.(9)	First lien senior secured loan	SR +	2.50%	09/2028	2,985		2,972		2,960		1.1	%
Park Place Technologies, LLC(9)	First lien senior secured loan	SR +	5.00%	11/2027	9,712		9,263		9,418		3.7	%
Zayo Group Holdings, Inc.(9)	First lien senior secured loan	SR +	4.25%	03/2027	9,875		8,401		7,792		3.0	%
					24,567		22,622		22,165		8.6	%
Transportation
Safe Fleet Holdings, LLC(9)	First lien senior secured loan	SR +	3.75%	02/2029	$	3,985	$	3,942	$	3,978	1.6	%
Uber Technologies, Inc.(10)	First lien senior secured loan	SR +	2.75%	03/2030	3,980		3,970		3,977		1.5	%
					7,965		7,912		7,955		3.1	%







Total Debt Investments					$	809,964	$	786,298	$	789,823	305.5	%
Total Investments					$	809,964	$	786,298	$	789,823	305.5	%

________________

1.Certain portfolio company investments are subject to contractual restrictions on sales.

2.Unless otherwise indicated, OCIC SLF’s investments are pledged as collateral supporting the amounts outstanding under OCIC SLF's SPV Asset Facilities.

3.The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

4.Unless otherwise indicated, all investments are considered Level 2 investments.

5.Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the London Interbank Offered Rate (“LIBOR” or “L”) (which can include one-, two-, three- or six-month LIBOR), Secured Overnight Financing Rate (“SOFR” or “SR”) (which can include one-, three-, six- or twelve-month SOFR) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate (“Prime” or “P”), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

6.The interest rate on these loans is subject to 1 month LIBOR, which as of June 30, 2023 was 5.22%.

7.The interest rate on these loans is subject to 3 month LIBOR, which as ~~follows:~~of June 30, 2023 was 5.55%.

8.The interest rate on these loans is subject to 6 month LIBOR, which as of June 30, 2023 was 5.76%.

September 30, 2022 December 31, 2021
United States:
Midwest 22.9 % 22.8 %
Northeast 17.1 17.1
South 32.9 28.0
West 18.8 26.8
International 8.3 5.3
Total 100.0 % 100.0 %

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

9.The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2023 was 5.14%.

10.The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2023 was 5.27%.

11.The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2023 was 5.39%.

12.Level 3 investment.

13.Position or portion thereof is an unfunded loan commitment.


Blue Owl Credit Income Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands)
Company(1)(2)(4)(5)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Debt Investments
Aerospace and defense
Bleriot US Bidco Inc.(7)	First lien senior secured loan	L +	4.00%	10/2026	$	5,273	$	5,178	$	5,207	3.2	%
Peraton Corp.(6)	First lien senior secured loan	L +	3.75%	02/2028	7,571		7,290		7,382		4.6	%
Transdigm, Inc.(8)(11)	First lien senior secured loan	SR +	3.25%	02/2027	3,000		2,940		2,985		1.9	%
					15,844		15,408		15,574		9.7	%
Automotive
PAI Holdco, Inc.(7)	First lien senior secured loan	L +	3.75%	10/2027	$	4,950	$	4,538	$	4,356	2.7	%
					4,950		4,538		4,356		2.7	%
Buildings and real estate
Dodge Construction Network, LLC(10)	First lien senior secured loan	SR +	4.75%	02/2029	$	5,274	$	4,917	$	4,482	2.8	%
RealPage, Inc.(6)(11)	First lien senior secured loan	L +	3.00%	04/2028	10,547		9,925		10,009		6.2	%
Wrench Group LLC(7)	First lien senior secured loan	L +	4.00%	04/2026	9,761		9,737		9,419		5.9	%
					25,582		24,579		23,910		14.9	%
Business services
BrightView Landscapes, LLC(8)	First lien senior secured loan	SR +	3.25%	04/2029	$	10,547	$	10,230	$	10,125	6.3	%
Brown Group Holdings, LLC(9)(11)	First lien senior secured loan	SR +	3.75%	07/2029	2,026		2,005		2,017		1.3	%
ConnectWise, LLC(7)(11)	First lien senior secured loan	L +	3.50%	09/2028	10,547		9,961		9,996		6.2	%
Packers Holdings, LLC(6)	First lien senior secured loan	L +	3.25%	03/2028	6,190		5,682		5,384		3.4	%
Vistage Worldwide, Inc.(8)	First lien senior secured loan	SR +	5.25%	07/2029	3,990		3,831		3,890		2.4	%
					33,300		31,709		31,412		19.6	%
Capital markets
Guggenheim Partners Investment Management Holdings, LLC(9)	First lien senior secured loan	SR +	3.25%	12/2029	$	5,000	$	4,913	$	4,913	3.1	%
					5,000		4,913		4,913		3.1	%
Chemicals
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(8)	First lien senior secured loan	SR +	4.75%	11/2027	$	3,000	$	2,794	$	2,933	1.9	%
Axalta Coating Systems US Holdings Inc.(9)(11)	First lien senior secured loan	SR +	3.00%	12/2029	5,000		4,950		5,000		3.1	%
Ineos US Finance LLC(9)	First lien senior secured loan	SR +	3.75%	11/2027	3,000		2,895		2,948		1.8	%
					11,000		10,639		10,881		6.8	%
Consumer products
Olaplex, Inc.(8)	First lien senior secured loan	SR +	3.50%	02/2029	$	5,287	$	4,905	$	4,970	3.1	%
					5,287		4,905		4,970		3.1	%
Containers and packaging
Berlin Packaging L.L.C.(7)(11)	First lien senior secured loan	L +	3.75%	03/2028	$	10,547	$	10,102	$	10,127	6.3	%
BW Holding, Inc.(9)	First lien senior secured loan	SR +	4.00%	12/2028	7,767		7,637		7,146		4.5	%

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


Blue Owl Credit Income Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands)
Company(1)(2)(4)(5)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Ring Container Technologies Group, LLC(6)	First lien senior secured loan	L +	3.50%	08/2028	9,762		9,585		9,616		6.0	%
Tricorbraun Holdings, Inc.(6)(11)	First lien senior secured loan	L +	3.25%	03/2028	10,546		9,995		10,040		6.3	%
Valcour Packaging, LLC(9)	First lien senior secured loan	SR +	3.75%	10/2028	9,925		9,901		8,883		5.5	%
					48,547		47,220		45,812		28.6	%
Distribution
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(8)(11)	First lien senior secured loan	SR +	4.63%	06/2026	$	9,762	$	9,434	$	9,469	5.9	%
Dealer Tire, LLC(8)	First lien senior secured loan	SR +	4.25%	12/2027	3,959		3,888		3,900		2.4	%
SRS Distribution, Inc.(6)	First lien senior secured loan	L +	3.50%	06/2028	10,573		9,839		10,097		6.3	%
White Cap Supply Holdings, LLC(8)(11)	First lien senior secured loan	SR +	3.75%	10/2027	10,573		10,020		10,208		6.4	%
					34,867		33,181		33,674		21.0	%
Diversified financial services
Focus Financial Partners, LLC(8)(11)	First lien senior secured loan	SR +	3.25%	06/2028	$	4,988	$	4,901	$	4,921	3.1	%
					4,988		4,901		4,921		3.1	%
Education
Severin Acquisition, LLC (dba Powerschool)(8)	First lien senior secured loan	SR +	3.00%	08/2025	$	4,897	$	4,807	$	4,860	3.0	%
Sophia, L.P.(8)	First lien senior secured loan	SR +	4.25%	10/2027	9,762		9,739		9,738		6.1	%
					14,659		14,546		14,598		9.1	%
Energy equipment and services
AZZ Inc.(9)	First lien senior secured loan	SR +	4.25%	05/2029	$	7,950	$	7,882	$	7,950	5.0	%
Brookfield WEC Holdings Inc.(8)(11)	First lien senior secured loan	SR +	3.75%	08/2025	3,491		3,465		3,473		2.1	%
Pike Corp.(6)(11)	First lien senior secured loan	L +	3.00%	01/2028	9,800		9,607		9,651		6.0	%
					21,241		20,954		21,074		13.1	%
Financial services
Acuris Finance US, Inc. (ION Analytics) (9)(11)	First lien senior secured loan	SR +	4.00%	02/2028	$	4,500	$	4,396	$	4,416	2.8	%
AllSpring Buyer(9)	First lien senior secured loan	SR +	4.00%	11/2028	4,988		4,921		4,925		3.1	%
Deerfield Dakota Holding, LLC(8)(11)	First lien senior secured loan	SR +	3.75%	04/2027	5,910		5,597		5,509		3.4	%
					15,398		14,914		14,850		9.3	%
Food and beverage
Eagle Parent Corp.(9)(11)	First lien senior secured loan	SR +	4.25%	04/2029	$	2,722	$	2,674	$	2,668	1.7	%
Naked Juice LLC (dba Tropicana)(9)(11)	First lien senior secured loan	SR +	3.25%	01/2029	10,573		9,668		9,430		5.9	%
Nomad Foods Europe Midco Ltd.(8)(11)	First lien senior secured loan	SR +	3.75%	11/2029	5,000		4,801		4,979		3.1	%
Pegasus BidCo B.V.(9)	First lien senior secured loan	SR +	4.25%	07/2029	4,500		4,306		4,354		2.7	%
Shearer’s Foods, LLC(6)(11)	First lien senior secured loan	L +	3.50%	09/2027	8,807		8,196		8,376		5.2	%
					31,602		29,645		29,807		18.6	%
Healthcare equipment and services
Confluent Medical Technologies, Inc.(9)	First lien senior secured loan	SR +	3.75%	02/2029	$	9,762	$	9,620	$	9,250	5.8	%
Dermatology Intermediate Holdings III, Inc(8)	First lien senior secured loan	SR +	4.25%	03/2029	9,950		9,829		9,751		6.1	%

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


Blue Owl Credit Income Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands)
Company(1)(2)(4)(5)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Dermatology Intermediate Holdings III, Inc(8)(12)	First lien senior secured delayed draw term loan	SR +	4.25%	03/2029	1,629		1,618		1,596		1.0	%
Medline Borrower, LP(6)(11)	First lien senior secured loan	L +	3.25%	10/2028	6,327		5,831		6,005		3.7	%
MJH Healthcare Holdings, LLC(8)	First lien senior secured loan	SR +	3.50%	01/2029	3,831		3,767		3,678		2.3	%
Natus Medical Inc.(10)	First lien senior secured loan	SR +	5.50%	07/2029	4,500		4,191		4,207		2.6	%
					35,999		34,856		34,487		21.5	%
Healthcare providers and services
Covetrus, Inc.(9)(11)	First lien senior secured loan	SR +	5.00%	10/2029	$	9,500	$	8,940	$	8,878	5.5	%
Pediatric Associates Holding Company, LLC(6)	First lien senior secured loan	L +	3.25%	12/2028	3,422		3,356		3,242		2.0	%
Phoenix Newco, Inc. (dba Parexel)(6)(11)	First lien senior secured loan	L +	3.25%	11/2028	7,444		7,170		7,156		4.5	%
Physician Partners, LLC(8)(11)	First lien senior secured loan	SR +	4.00%	12/2028	9,950		9,407		9,457		5.9	%
Premise Health Holding(9)	First lien senior secured loan	SR +	4.75%	07/2025	3,234		3,197		3,193		2.0	%
					33,550		32,070		31,926		19.9	%
Healthcare technology
Athenahealth Group Inc.(8)(11)	First lien senior secured loan	SR +	3.50%	02/2029	$	9,403	$	8,636	$	8,466	5.3	%
Athenahealth Group Inc.(8)(11)(12)	First lien senior secured delayed draw term loan	SR +	3.50%	02/2029	—		(112)		(109)		(0.1)	%
Imprivata, Inc.(8)	First lien senior secured loan	SR +	4.25%	12/2027	9,762		9,583		9,396		5.9	%
Verscend Holding Corp.(6)	First lien senior secured loan	L +	4.00%	08/2025	9,944		9,821		9,870		6.1	%
					29,109		27,928		27,623		17.2	%
Infrastructure and environmental services
Osmose Utilities Services, Inc.(6)	First lien senior secured loan	L +	3.25%	06/2028	$	9,762	$	9,052	$	9,249	5.8	%
USIC Holdings, Inc.(6)(11)	First lien senior secured loan	L +	3.50%	05/2028	2,977		2,831		2,837		1.7	%
					12,739		11,883		12,086		7.5	%
Insurance
Acrisure, LLC(9)	First lien senior secured loan	SR +	5.75%	02/2027	$	6,500	$	6,182	$	6,435	4.1	%
AssuredPartners, Inc.(8)	First lien senior secured loan	SR +	4.25%	02/2027	4,988		4,814		4,875		3.0	%
Hub International Limited(7)(11)	First lien senior secured loan	L +	3.25%	04/2025	9,924		9,756		9,823		6.1	%
					21,412		20,752		21,133		13.2	%
Internet software and services
Barracuda Parent, LLC(8)	First lien senior secured loan	SR +	4.50%	08/2029	$	10,600	$	10,141	$	10,203	6.3	%
CDK Global, Inc.(9)(11)	First lien senior secured loan	SR +	4.50%	07/2029	10,600		10,366		10,492		6.5	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(9)(11)	First lien senior secured loan	SR +	3.75%	12/2027	10,573		9,666		9,741		6.1	%
E2open, LLC(6)(11)	First lien senior secured loan	L +	3.50%	02/2028	3,868		3,756		3,793		2.4	%
Hyland Software, Inc.(6)(11)	First lien senior secured loan	L +	3.50%	07/2024	9,948		9,732		9,802		6.1	%
Sophos Holdings, LLC(7)	First lien senior secured loan	L +	3.50%	03/2027	10,546		10,319		10,203		6.4	%
					56,135		53,980		54,234		33.8	%
Leisure and entertainment

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


Blue Owl Credit Income Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands)
Company(1)(2)(4)(5)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Delta 2 (Lux) SARL (dba Formula One)(8)	First lien senior secured loan	SR +	3.25%	01/2030	$	3,000	$	2,970	$	2,993	1.8	%
WMG Acquisition Corp.(8)(11)	First lien senior secured loan	SR +	3.00%	01/2028	4,000		3,922		3,953		2.5	%
					7,000		6,892		6,946		4.3	%
Manufacturing
DXP Enterprises, Inc.(10)	First lien senior secured loan	SR +	5.25%	12/2027	$	4,987	$	4,717	$	4,738	3.0	%
Gates Global LLC(8)(11)	First lien senior secured loan	SR +	3.50%	11/2029	1,995		1,936		1,978		1.2	%
Pro Mach Group, Inc.(6)(11)	First lien senior secured loan	L +	4.00%	08/2028	10,547		10,282		10,241		6.4	%
Pro Mach Group, Inc.(9)	First lien senior secured loan	SR +	5.00%	08/2028	4,000		3,800		3,884		2.4	%
					21,529		20,735		20,841		13.0	%
Professional services
Apex Group Treasury, LLC(9)	First lien senior secured loan	SR +	5.00%	07/2028	$	2,500	$	2,350	$	2,400	1.5	%
Apex Group Treasury, LLC(7)(11)	First lien senior secured loan	L +	3.75%	07/2028	4,938		4,748		4,691		2.9	%
EM Midco2 Ltd. (dba Element Materials Technology)(9)	First lien senior secured loan	SR +	4.25%	06/2029	2,053		1,988		2,012		1.3	%
Sovos Compliance, LLC(9)	First lien senior secured loan	SR +	4.50%	08/2028	10,547		10,200		9,703		6.0	%
					20,038		19,286		18,806		11.7	%
Telecommunications
Park Place Technologies, LLC(8)(11)	First lien senior secured loan	SR +	5.00%	11/2027	$	9,762	$	9,268	$	9,172	5.7	%
Zayo Group Holdings, Inc.(8)(11)	First lien senior secured loan	SR +	4.25%	03/2027	9,925		8,294		8,196		5.1	%
					19,687		17,562		17,368		10.8	%
Total Debt Investments					$	529,463	$	507,996	$	506,202	315.6	%
Total Investments					$	529,463	$	507,996	$	506,202	315.6	%

_____________

1.Certain portfolio company investments are subject to contractual restrictions on sales.

2.Unless otherwise indicated, OCIC SLF's investments are pledged as collateral supporting the amounts outstanding under OCIC SLF's SPV Asset Facilities.

3.The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

4.Unless otherwise indicated, all investments are considered Level 3 investments.

6.The interest rate on these loans is subject to 1 month LIBOR, which as of December 31, 2022 was 4.39%.

7.The interest rate on these loans is subject to 3 month LIBOR, which as of December 31, 2022 was 4.77%.

8.The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2022 was 4.36%.

9.The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2022 was 4.59%.

10.The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2022 was 4.78%.

11.Level 2 investment.

12.Position or portion thereof is an unfunded loan commitment.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

Below is selected balance sheet information for OCIC SLF as of the following periods:


($ in thousands)	June 30, 2023 (Unaudited)		December 31, 2022
Assets
Investments at fair value (amortized cost of $786,298 and $507,996, respectively)	$	789,823	$	506,202
Cash	17,288		15,237
Interest receivable	2,373		2,202
Receivable due on investments sold	—		4,622
Prepaid expenses and other assets	1		151

Total Assets	$	809,485	$	528,414
Liabilities
Debt (net of unamortized debt issuance costs of $4,082 and $3,509, respectively)	$	499,139	$	343,035
Payable for investments purchased	40,460		13,958
Interest payable	1,417		1,522
Return of capital payable	—		4,489
Distribution payable	9,455		3,624
Accrued expenses and other liabilities	466		1,337
Total Liabilities	$	550,937	$	367,965

Members’ Equity
Members’ Equity	258,548		160,449
Total Members’ Equity	258,548		160,449
Total Liabilities and Members’ Equity	$	809,485	$	528,414

Below is selected statement of operations information for OCIC SLF as of the following periods:


($ in thousands)	For the Three Months Ended June 30, 2023 (Unaudited)		For the Six Months Ended June 30, 2023 (Unaudited)
Investment Income
Interest income	$	17,609	$	30,790

Total Investment Income	17,609		30,790
Operating Expenses
Interest expense	$	7,824	$	13,718
Professional fees	170		360
Other general and administrative	146		275
Total Operating Expenses	8,140		14,353
Net Investment Income	$	9,469	$	16,437
Net Realized and Change in Unrealized Gain (Loss) on Investments
Net change in unrealized gain (loss) on investments	1,656		5,319
Net realized gain (loss) on investments	2		16
Total Net Realized and Change in Unrealized Gain (Loss) on Investments	1,658		5,335
Net Increase in Members’ Equity Resulting from Operations	$	11,127	$	21,772

Note 5. Fair Value of Investments

Investments

The ~~following~~below tables present the fair value hierarchy of investments as of ~~September 30, 2022 and December 31, 2021:~~the following periods:

5276

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)


		September 30, 2022									Fair Value Hierarchy as of June 30, 2023
($ in thousands)	($ in thousands)	Level 1		Level 2		Level 3		Total		($ in thousands)	Level 1		Level 2		Level 3		Total
First-lien senior secured debt investments	First-lien senior secured debt investments	$	—	$	1,020,868	$	7,169,042	$	8,189,910	First-lien senior secured debt investments	$	—	$	1,294,947	$	9,215,983	$	10,510,930
Second-lien senior secured debt investments	Second-lien senior secured debt investments	—		191,557		791,976		983,533		Second-lien senior secured debt investments	—		218,005		938,417		1,156,422
Unsecured debt investments	Unsecured debt investments	—		49,526		149,251		198,777		Unsecured debt investments	—		51,372		176,287		227,659
Preferred equity investments(1)	Preferred equity investments(1)	—		—		468,123		468,123		Preferred equity investments(1)	—		—		652,907		652,907
Common equity investments(2)	Common equity investments(2)	—		—		163,161		163,161		Common equity investments(2)	—		—		325,496		325,496
Total Investments		$	—	$	1,261,951	$	8,741,553	$	10,003,504

Subtotal										Subtotal	$	—	$	1,564,324	$	11,309,090	$	12,873,414
Investments measured at NAV(3)										Investments measured at NAV(3)	—		—		—		226,230
Total Investments at fair value										Total Investments at fair value	$	—	$	1,564,324	$	11,309,090	$	13,099,644

_______________

December 31, 2021
($ in thousands) Level 1 Level 2 Level 3 Total
First-lien senior secured debt investments $ — $ 162,988 $ 2,328,346 $ 2,491,334
Second-lien senior secured debt investments — 47,770 450,477 498,247
Unsecured debt investments — — 2,116 2,116
Preferred equity investments — — 56,970 56,970
Common equity investments — — 71,705 71,705
Total Investments $ — $ 210,758 $ 2,909,614 $ 3,120,372
(1)Includes equity investment in LSI Financing.

(2)Includes equity investments in Amergin AssetCo and Fifth Season.

(3)Includes equity investment in OCIC SLF.


	Fair Value Hierarchy as of December 31, 2022
($ in thousands)	Level 1		Level 2		Level 3		Total
First-lien senior secured debt investments	$	—	$	845,039	$	7,603,501	$	8,448,540
Second-lien senior secured debt investments	—		123,639		1,019,223		1,142,862
Unsecured debt investments	—		—		211,328		211,328
Preferred equity investments(1)	—		—		500,023		500,023
Common equity investments(2)	—		—		264,437		264,437
Subtotal	$	—	$	968,678	$	9,598,512	$	10,567,190
Investments measured at NAV(3)	—		—		—		140,394
Total Investments at fair value	$	—	$	968,678	$	9,598,512	$	10,707,584

_______________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investments in Amergin AssetCo and Fifth Season.

(3)Includes equity investment in OCIC SLF.

The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the ~~three and nine months ended September 30, 2022 and~~ ~~2021~~:following periods:


		As of and for the Three Months Ended September 30, 2022													As of and for the Three Months Ended June 30, 2023
($ in thousands)	($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total		($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	Fair value, beginning of period	$	5,845,642	$	758,921	$	152,698	$	411,936	$	127,965	$	7,297,162	Fair value, beginning of period	$	7,969,726	$	942,097	$	170,187	$	605,447	$	282,725	$	9,970,182
Purchases of investments, net	Purchases of investments, net	1,411,759		96,934		—		49,947		22,908		1,581,548		Purchases of investments, net	1,386,330		—		—		35,961		37,320		1,459,611
Payment-in-kind	Payment-in-kind	4,337		869		2,896		5,976		21		14,099		Payment-in-kind	15,223		1,751		5,480		16,519		98		39,071
Proceeds from investments, net	Proceeds from investments, net	(108,434)		—		—		—		—		(108,434)		Proceeds from investments, net	(138,788)		—		—		(2,974)		(2,313)		(144,075)
Net change in unrealized gain (loss)	Net change in unrealized gain (loss)	44,344		(1,909)		(6,396)		11		12,267		48,317		Net change in unrealized gain (loss)	1,938		(5,714)		603		(2,363)		7,666		2,130
Net realized gains (losses)	Net realized gains (losses)	86		—		—		—		—		86		Net realized gains (losses)	(2)		—		—		—		—		(2)
Net amortization/accretion of premium/discount on investments	Net amortization/accretion of premium/discount on investments	4,412		328		53		253		—		5,046		Net amortization/accretion of premium/discount on investments	6,412		283		17		317		—		7,029
Transfers into (out of) Level 3(1)		(33,104)		(63,167)		—		—		—		(96,271)
Transfers between investment types														Transfers between investment types	1		—		—		—		—		1
Transfers into (out of) Level 3(1)														Transfers into (out of) Level 3(1)	(24,857)		—		—		—		—		(24,857)
Fair value, end of period	Fair value, end of period	$	7,169,042	$	791,976	$	149,251	$	468,123	$	163,161	$	8,741,553	Fair value, end of period	$	9,215,983	$	938,417	$	176,287	$	652,907	$	325,496	$	11,309,090

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

_______________

(1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended ~~September~~June 30, ~~2022,~~2023, transfers out of Level 3 into Level 2 were as a result of changes in the observability of significant inputs for certain portfolio companies.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~


		As of and for the Nine Months Ended September 30, 2022													As of and for the Six Months Ended June 30, 2023
($ in thousands)	($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total		($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	Fair value, beginning of period	$	2,328,346	$	450,477	$	2,116	$	56,970	$	71,705	$	2,909,614	Fair value, beginning of period	$	7,603,501	$	1,019,223	$	211,328	$	500,023	$	264,437	$	9,598,512
Purchases of investments, net	Purchases of investments, net	5,109,129		434,636		154,853		409,305		80,059		6,187,982		Purchases of investments, net	1,913,581		—		613		116,611		52,407		2,083,212
Payment-in-kind	Payment-in-kind	15,697		3,429		5,510		12,915		61		37,612		Payment-in-kind	23,306		3,441		8,934		36,833		119		72,633
Proceeds from investments, net	Proceeds from investments, net	(299,517)		(39,832)		—		(642)		—		(339,991)		Proceeds from investments, net	(176,146)		—		(3)		(2,974)		(2,313)		(181,436)
Net change in unrealized gain (loss)	Net change in unrealized gain (loss)	(15,039)		(24,416)		(13,336)		(10,947)		11,213		(52,525)		Net change in unrealized gain (loss)	34,505		(1,289)		3,186		1,806		8,028		46,236
Net realized gains (losses)	Net realized gains (losses)	242		—		—		202		—		444		Net realized gains (losses)	(4,579)		—		—		—		—		(4,579)
Net amortization/accretion of premium/discount on investments	Net amortization/accretion of premium/discount on investments	9,274		514		108		443		—		10,339		Net amortization/accretion of premium/discount on investments	11,437		561		71		608		—		12,677
Transfers between investment types	Transfers between investment types	—		—		—		(123)		123		—		Transfers between investment types	(2,818)		—		—		—		2,818		—
Transfers into (out of) Level 3(1)		20,910		(32,832)		—		—		—		(11,922)
Transfers into (out of) Level 3(1)														Transfers into (out of) Level 3(1)	(186,804)		(83,519)		(47,842)		—		—		(318,165)
Fair value, end of period	Fair value, end of period	$	7,169,042	$	791,976	$	149,251	$	468,123	$	163,161	$	8,741,553	Fair value, end of period	$	9,215,983	$	938,417	$	176,287	$	652,907	$	325,496	$	11,309,090

_______________

(1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the ~~nine~~six months ended ~~September~~June 30, ~~2022, transfers out of Level 3 into Level 2 and transfers into Level 3 from Level 2 were as a result of changes in the observability of significant inputs for certain portfolio companies.~~

As of and for the Three Months Ended September 30, 2021
($ in thousands) First-lien senior secured debt investments Second-lien senior secured debt investments Unsecured debt investments Preferred equity investments Common equity investments Total
Fair value, beginning of period $ 225,777 $ 105,203 $ 2,112 $ 11,049 $ 2,461 $ 346,602
Purchases of investments, net(1)
1,134,588 50,864 — — 7,670 1,193,122
Payment-in-kind 99 — 80 196 1 376
Proceeds from investments, net (226,656) — — — — (226,656)
Net change in unrealized gain (loss) on investments 1,294 468 (86) 213 (2) 1,887
Net realized gain (loss) on investments 519 — — — — 519
Net amortization/accretion of premium/discount on investments 694 24 1 — — 719
Transfers into (out of) Level 3(2)
(16,874) — — — — (16,874)
Fair value, end of period $ 1,119,441 $ 156,559 $ 2,107 $ 11,458 $ 10,130 $ 1,299,695

~~(1)Purchases may include payment-in-kind (“PIK”).~~

~~(2)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended September 30, 2021,~~2023, transfers out of Level 3 into Level 2 were as a result of changes in the observability of significant inputs for certain portfolio companies.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~


		As of and for the Nine Months Ended September 30, 2021													As of and for the Three Months Ended June 30, 2022
($ in thousands)	($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total		($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	Fair value, beginning of period	$	9,404	$	4,232	$	22	$	295	$	423	$	14,376	Fair value, beginning of period	$	3,735,077	$	602,817	$	123,608	$	156,555	$	101,090	$	4,719,147
Purchases of investments, net ~~(1)~~	Purchases of investments, net ~~(1)~~	1,368,661		151,435		2,054		10,616		9,642		1,542,408		Purchases of investments, net ~~(1)~~	2,292,454		215,592		34,078		261,348		31,046		2,834,518
Payment-in-kind	Payment-in-kind	133		—		82		341		2		558		Payment-in-kind	7,701		1,475		2,532		3,915		14		15,637
Proceeds from investments, net	Proceeds from investments, net	(232,680)		—		—		—		—		(232,680)		Proceeds from investments, net	(152,174)		(39,832)		—		—		—		(192,006)
Net change in unrealized gain (loss) on investments		1,427		854		(53)		206		63		2,497
Net realized gain (loss) on investments		529		—		—		—		—		529
Net change in unrealized gain (loss)														Net change in unrealized gain (loss)	(45,346)		(23,870)		(7,565)		(9,976)		(4,183)		(90,940)
Net realized gains (losses)														Net realized gains (losses)	108		—		—		—		—		108
Net amortization/accretion of premium/discount on investments	Net amortization/accretion of premium/discount on investments	780		38		2		—		—		820		Net amortization/accretion of premium/discount on investments	2,887		236		45		94		(2)		3,260
Transfers into (out of) Level 3(2)		(28,813)		—		—		—		—		(28,813)
Transfers between investment types														Transfers between investment types	—		—		—		—		—		—
Transfers into (out of) Level 3(1)														Transfers into (out of) Level 3(1)	4,935		2,503		—		—		—		7,438
Fair value, end of period	Fair value, end of period	$	1,119,441	$	156,559	$	2,107	$	11,458	$	10,130	$	1,299,695	Fair value, end of period	$	5,845,642	$	758,921	$	152,698	$	411,936	$	127,965	$	7,297,162

(1)~~Purchases may include payment-in-kind (“PIK”).~~

~~(2)~~Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the ~~nine~~three months ended ~~September~~June 30, ~~2021,~~2022, transfers ~~out of~~into Level 3 ~~into~~out of Level 2 were as a result of changes in the observability of significant inputs for certain portfolio companies.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


	As of and for the Six Months Ended June 30, 2022
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	2,328,346	$	450,477	$	2,116	$	56,970	$	71,705	$	2,909,614
Purchases of investments, net	3,731,936		384,585		154,853		359,358		57,151		4,687,883
Payment-in-kind	11,360		2,561		2,614		6,938		40		23,513
Proceeds from investments, net	(196,052)		(39,832)		—		(642)		—		(236,526)
Net change in unrealized gain (loss) on investments	(59,849)		(26,799)		(6,940)		(10,958)		(1,054)		(105,600)
Net realized gain (loss) on investments	156		—		—		202		—		358
Net amortization/accretion of premium/discount on investments	4,855		367		55		191		—		5,468
Transfers between investment types	—		—		—		(123)		123		—
Transfers into (out of) Level 3(1)	24,890		(12,438)		—		—		—		12,452
Fair value, end of period	$	5,845,642	$	758,921	$	152,698	$	411,936	$	127,965	$	7,297,162

(1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the six months ended June 30, 2022, transfers out of Level 2 into Level 3 and transfers into Level 2 from Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

The ~~following~~below tables present information with respect to the net change in unrealized gains (losses) on investments for which Level 3 inputs were used in determining the fair value that are still held by the Company for the ~~three and nine months ended September 30, 2022 and 2021:~~following periods:


($ in thousands)	($ in thousands)	Net change in unrealized gain (loss) for the Three Months Ended September 30, 2022 on Investments Held at September 30, 2022		Net change in unrealized gain (loss) for the Three Months Ended September 30, 2021 on Investments Held at September 30, 2021		($ in thousands)	Net change in unrealized gain (loss) for the Three Months Ended June 30, 2023 on Investments Held at June 30, 2023		Net change in unrealized gain (loss) for the Three Months Ended June 30, 2022 on Investments Held at June 30, 2022
First-lien senior secured debt investments	First-lien senior secured debt investments	$	44,807	$	1,323	First-lien senior secured debt investments	$	2,025	$	(45,471)
Second-lien senior secured debt investments	Second-lien senior secured debt investments	1,749		468		Second-lien senior secured debt investments	(5,714)		(23,860)
Unsecured debt investments	Unsecured debt investments	(6,396)		(89)		Unsecured debt investments	601		(7,565)
Preferred equity investments	Preferred equity investments	11		194		Preferred equity investments	(2,363)		(9,991)
Common equity investments	Common equity investments	12,267		—		Common equity investments	7,664		(4,182)
Total Investments	Total Investments	$	52,438	$	1,896	Total Investments	$	2,213	$	(91,069)


($ in thousands)	Net change in unrealized gain (loss) for the Six Months Ended June 30, 2023 on Investments Held at June 30, 2023		Net change in unrealized gain (loss) for the Six Months Ended June 30, 2022 on Investments Held at June 30, 2022
First-lien senior secured debt investments	$	34,505	$	(59,851)
Second-lien senior secured debt investments	(1,289)		(26,165)
Unsecured debt investments	3,186		(6,940)
Preferred equity investments	1,806		(10,958)
Common equity investments	8,028		(740)
Total Investments	$	46,236	$	(104,654)

5579

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)

($ in thousands) Net change in unrealized gain (loss) for the Nine Months Ended
September 30, 2022 on Investments Held at September 30, 2022 Net change in unrealized gain (loss) for the Nine Months Ended
September 30, 2021 on Investments Held at September 30, 2021
First-lien senior secured debt investments $ (15,044) $ 1,456
Second-lien senior secured debt investments (24,416) 854
Unsecured debt investments (13,336) (56)
Preferred equity investments (10,947) 189
Common equity investments 11,527 63
Total Investments $ (52,216) $ 2,506

The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of ~~September~~June 30, ~~2022~~2023 and December 31, ~~2021.~~2022. The weighted average range of unobservable inputs is based on fair value of investments. The tables are not intended to be all-inclusive, but instead capture the significant unobservable inputs relevant to the Company’s determination of fair value.

As of ~~September~~June 30, ~~2022~~2023

($ in thousands)

Fair Value

Valuation Technique

Unobservable Input

Range (Weighted Average)

Impact to Valuation from an Increase in Input

First-lien senior secured debt investments(1)

~~6,064,432~~ 7,852,297

Yield Analysis

Market Yield

~~7.9%~~8.0% - ~~21.3% (11.5%~~27.6% (12.1%)

Decrease

~~1,097,608~~ 1,346,005

Recent Transaction

Transaction Price

~~91.5%~~81.7% - ~~99.0% (97.9%~~99.5% (98.5%)

Increase

~~7,002~~

~~Collateral Analysis~~

~~Recovery Rate~~

~~69.0% - 69.0% (69.0%)~~

~~Increase~~

Second-lien senior secured debt investments

~~791,976~~ 938,417

Yield Analysis

Market Yield

~~11.7%~~12.6% - ~~25.0% (14.5%~~28.6% (15.6%)

Decrease

Unsecured debt investments

~~149,228~~ 176,261

Yield Analysis

Market Yield

~~10.2%~~11.1% - ~~20.0% (12.4%~~20.5% (13.0%)

Decrease

23 26

Market Approach

EBITDA Multiple

~~14.0x~~13.0x - ~~14.0x (14.0x)~~13.0x (13.0x)

Increase

~~Preferred equity investments~~

~~418,172~~

~~Yield Analysis~~

~~Market Yield~~

~~12.0%~~

Preferred equity investments

576,556

Yield Analysis

Market Yield

11.5% - ~~16.8%~~26.2% (14.1%)

Decrease

~~49,948~~ 76,348

Recent Transaction

Transaction Price

~~97.0%~~100.0% - ~~97.0% (97.0%~~100.0% (100.0%)

Increase

Market Approach

EBITDA Multiple

~~13.2x~~11.3x - ~~13.2x (13.2x)~~11.3x (11.3x)

Increase

Common equity investments

~~31,052~~ 137,721

Recent Transaction

Transaction Price

~~95.7%~~100.0% - ~~123.5% (105.4%~~131.1% (100.1%)

Increase

~~105,767~~ 141,806

Market Approach

EBITDA Multiple

~~11.5x~~6.8x - ~~24.3x~~32.5x (15.6x)

Increase

~~26,334~~

~~Market Approach~~

~~Revenue Multiple~~

~~1.6x - 24.5x (14.0x)~~

~~Increase~~

45,960

Market Approach

Revenue Multiple

2.0x - 15.8x (10.9x)

Increase

8 9

Market Approach

Gross Profit Multiple

10.0x - 10.0x (10.0x)

Increase

(1) Excludes $17.7 million of level 3 investments valued based on indicative quotes.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

As of December 31, 2021
($ in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Impact to Valuation from an Increase in Input
First-lien senior secured debt investments $ 1,401,867 Yield Analysis Market Yield 5.1% - 12.4% (8.2%) Decrease
921,476 Recent Transaction Transaction Price 90.5% - 100.0% (98.1%) Increase
5,003 Indicative Bid Broker Quotes N/A Increase
Second-lien senior secured debt investments $ 164,066 Yield Analysis Market Yield 6.1% - 10.7% (8.7%) Decrease
261,240 Recent Transaction Transaction Price 98.0% - 99.5% (98.8%) Increase
25,171 Indicative Bid Broker Quotes N/A Increase
Unsecured debt investments $ 2,092 Yield Analysis Market Yield 9.4% Decrease
24 Market Approach EBITDA Multiple 14.8x Increase
Preferred equity investments $ 11,555 Yield Analysis Market Yield 11.4% - 14.6% (11.5%) Decrease
238 Market Approach EBITDA Multiple 9.3x Increase
45,177 Recent Transaction Transaction Price 97.3% - 97.5% (97.3%) Increase
Common equity investments $ 56,186 Recent Transaction Transaction Price 100.0% Increase
15,470 Market Approach EBITDA Multiple 7.6x - 24.0x (16.9x) Increase
49 Market Approach Gross Profit Multiple 27.0x Increase

As of December 31, 2022

($ in thousands)

Fair Value

Valuation Technique

Unobservable Input

Range (Weighted Average)

Impact to Valuation from an Increase in Input

First-lien senior secured debt investments

7,274,929

Yield Analysis

Market Yield

8.2% - 19.3% (11.9%)

Decrease

323,358

Recent Transaction

Transaction Price

96.8% - 99.0% (98.0%)

Increase

5,214

Collateral Analysis

Recovery Rate

51.0% - 51.0% (51.0%)

Increase

Second-lien senior secured debt investments

862,487

Yield Analysis

Market Yield

11.9% - 25.2% (15.7%)

Decrease

156,736

Recent Transaction

Transaction Price

98.0% - 98.0% (98.0%)

Increase

Unsecured debt investments

211,304

Yield Analysis

Market Yield

10.8% - 20.2% (13.1%)

Decrease

Market Approach

EBITDA Multiple

14.3x - 14.3x (14.3x)

Increase

Preferred equity investments

477,863

Yield Analysis

Market Yield

11.9% - 17.9% (14.6%)

Decrease

22,157

Recent Transaction

Transaction Price

96.5% - 100.0% (97.5%)

Increase

Market Approach

EBITDA Multiple

11.5x - 11.5x (11.5x)

Increase

Common equity investments

105,049

Recent Transaction

Transaction Price

100.0% - 100.0% (100.0%)

Increase

129,098

Market Approach

EBITDA Multiple

11.0x - 31.6x (15.8x)

Increase

30,284

Market Approach

Revenue Multiple

1.8x - 16.6x (12.9x)

Increase

Market Approach

Gross Profit Multiple

8.6x - 8.6x (8.6x)

Increase

The ~~Company typically determines the~~ fair value of ~~its~~the Company's performing Level 3 debt investments is typically determined utilizing a yield analysis. In a yield analysis, a price is ascribed for each investment based upon an assessment of current and expected market yields for similar investments and risk profiles. Additional consideration is given to the expected life, portfolio company performance since close, and other terms and risks associated with an investment. Among other factors, a determinant of risk is the amount of leverage used by the portfolio company relative to its total enterprise value, and the rights and remedies of the Company’s investment within the portfolio company’s capital structure.

When the debtor is not performing or when there is insufficient value to cover the investment, the Company may utilize a net recovery approach to determine the fair value of debt investments in subject companies. A net recovery analysis typically consists of

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

two steps. First, the total enterprise value for the subject company is estimated using standard valuation approaches, most commonly the market approach. Second, the fair value for each investment in the subject company is then estimated by allocating the subject company’s total enterprise value to the outstanding securities in the capital structure based upon various factors, including seniority, preferences, and other features if deemed relevant to each security in the capital structure.

Significant unobservable quantitative inputs typically used in the fair value measurement of the Company’s Level 3 debt investments primarily include current market yields, including relevant market indices, but may also include quotes from brokers, dealers, and pricing services as indicated by comparable investments. For the Company’s Level 3 equity investments, a market approach, based on comparable publicly-traded company and comparable market transaction multiples of revenues, EBITDA, or some combination thereof and comparable market transactions typically would be used.

Debt Not Carried at Fair Value

Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings, or market quotes, if available. The following tables present the carrying and fair values of the Company’s debt obligations as of ~~September 30, 2022 and December 31, 2021.~~the following periods.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

September 30, 2022 December 31, 2021
($ in thousands)
Net Carrying Value(1)
Fair Value
Net Carrying Value(2)
Fair Value
Revolving Credit Facility(3)
$ 308,942 $ 308,942 $ 445,188 $ 445,188
SPV Asset Facility I 546,568 546,568 298,015 298,015
SPV Asset Facility II 1,272,396 1,272,396 438,637 438,637
SPV Asset Facility III 549,566 549,566 — —
SPV Asset Facility IV 460,767 460,767 — —
ORCIC JV WH 272,103 272,103 — —
March 2025 Notes 494,770 471,250 — —
September 2026 Notes 344,484 294,000 343,971 337,750
February 2027 Notes 493,383 440,000 — —
September 2027 Notes 591,960 591,000 — —
Total Debt $ 5,334,939 $ 5,206,592 $ 1,525,811 $ 1,519,590


	June 30, 2023				December 31, 2022
($ in thousands)	Net Carrying Value(1)		Fair Value		Net Carrying Value(2)		Fair Value
Revolving Credit Facility(3)	$	513,284	$	513,284	$	288,636	$	288,636
SPV Asset Facility I	518,609		518,609		437,241		437,241
SPV Asset Facility II	1,709,404		1,709,404		1,528,048		1,528,048
SPV Asset Facility III	550,509		550,509		549,851		549,851
SPV Asset Facility IV	244,703		244,703		460,869		460,869
SPV Asset Facility V	96,645		96,645		—		—
CLO VIII	287,811		287,811		287,946		287,946
CLO XI	258,170		258,170		—		—
March 2025 Notes	496,323		482,500		495,309		485,000
September 2026 Notes	344,963		302,750		344,226		299,250
February 2027 Notes	494,449		455,000		493,735		447,500
September 2027 Notes(4)	592,323		593,922		591,550		597,449
June 2028 Notes	491,372		500,000		—		—
Total Debt	$	6,598,565	$	6,513,307	$	5,477,411	$	5,381,790

(1)The carrying values of the Company's Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II, SPV Asset Facility III, SPV Asset Facility IV, ~~ORCIC JV WH,~~SPV Asset Facility V, CLO VIII, CLO XI, March 2025 Notes, September 2026 Notes, February 2027 Notes, September 2027 Notes, and June 2028 Notes are presented net of unamortized debt issuance costs of $12.2 million, $6.4 million, $8.6 million, $4.5 million, $3.8 million, $3.4 million, $2.2 million, $1.8 million, $3.7 million, $5.0 million, $5.6 million, $7.7 million, and $8.6 million, respectively.

(2)The carrying values of the Company's Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II, SPV Asset Facility III, SPV Asset Facility IV, CLO VIII, March 2025 Notes, September 2026 Notes, February 2027 Notes, and September 2027 Notes are presented net of unamortized debt issuance costs of ~~$14.2~~$13.6 million, $3.2 million, ~~$10.6~~$10.0 million, ~~$5.4~~$5.1 million, ~~$4.3~~$4.1 million, ~~$2.4~~$2.1 million, ~~$5.2~~$4.7 million, ~~$5.5~~$5.8 million, ~~$6.6~~$6.3 million, and ~~$8.1~~$8.4 million, respectively.

~~(2)~~The carrying values of the Company’s Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II, and September 2026 Notes are presented net of unamortized debt issuance costs of $6.0 million, $3.3 million, $7.4 million, and $6.0 million, respectively.

(3)Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies.

(4)Inclusive of change in fair market value of effective hedge.

The ~~following~~below table presents fair value measurements of the Company’s debt obligations as of ~~September 30, 2022 and December 31, 2021:~~the following periods:


($ in thousands)	($ in thousands)	September 30, 2022		December 31, 2021		($ in thousands)	June 30, 2023		December 31, 2022
Level 1	Level 1	$	—	$	—	Level 1	$	—	$	—
Level 2	Level 2	1,796,250		337,750		Level 2	2,334,172		1,829,199
Level 3	Level 3	3,410,342		1,181,840		Level 3	4,179,135		3,552,591
Total Debt	Total Debt	$	5,206,592	$	1,519,590	Total Debt	$	6,513,307	$	5,381,790

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

Financial Instruments Not Carried at Fair Value

As of ~~September~~June 30, ~~2022~~2023 and December 31, ~~2021,~~2022, the carrying amounts of the Company’s assets and liabilities, other than investments at fair value and debt, approximate fair value due to their short maturities.

Note 6. Debt

In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. The Company’s asset coverage was ~~186%~~198% and ~~200%~~193% as of ~~September~~June 30, ~~2022~~2023 and December 31, ~~2021,~~2022, respectively.

Debt obligations consisted of the following as of ~~September 30, 2022 and December 31, 2021:~~the following periods:

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

September 30, 2022
($ in thousands) Aggregate Principal
Committed Outstanding
Principal
Amount
Available(1)
Net Carrying
Value(2)
Revolving Credit Facility (3)
$ 1,775,000 $ 323,092 $ 1,451,908 $ 308,942
SPV Asset Facility I 550,000 549,782 218 546,568
SPV Asset Facility II 1,800,000 1,283,000 359,379 1,272,396
SPV Asset Facility III 750,000 555,000 42,785 549,566
SPV Asset Facility IV 500,000 465,000 35,000 460,767
ORCIC JV WH 400,000 274,550 908 272,103
March 2025 Notes 500,000 500,000 — 494,770
September 2026 Notes 350,000 350,000 — 344,484
February 2027 Notes 500,000 500,000 — 493,383
September 2027 Notes 600,000 600,000 — 591,960
Total Debt $ 7,725,000 $ 5,400,424 $ 1,890,198 $ 5,334,939


	June 30, 2023
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Net Carrying Value(2)
Revolving Credit Facility(3)	$	1,845,000	$	525,469	$	1,319,531	$	513,284
SPV Asset Facility I	525,000		525,000		—		518,609
SPV Asset Facility II	1,800,000		1,718,000		82,000		1,709,404
SPV Asset Facility III	750,000		555,000		195,000		550,509
SPV Asset Facility IV	500,000		248,610		92,974		244,703
SPV Asset Facility V	300,000		100,000		37,566		96,645
CLO VIII	290,000		290,000		—		287,811
CLO XI	260,000		260,000		—		258,170
March 2025 Notes	500,000		500,000		—		496,323
September 2026 Notes	350,000		350,000		—		344,963
February 2027 Notes	500,000		500,000		—		494,449
September 2027 Notes	600,000		600,000		—		592,323
June 2028 Notes	500,000		500,000		—		491,372
Total Debt	$	8,720,000	$	6,672,079	$	1,727,071	$	6,598,565

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)The carrying values of the Company's Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II, SPV Asset Facility III, SPV Asset Facility IV, ~~ORCIC JV WH,~~SPV Asset Facility V, CLO VIII, CLO XI, March 2025 Notes, September 2026 Notes, February 2027 Notes, September 2027 Notes, and June 2028 Notes are presented net of unamortized debt issuance costs of $12.2 million, $6.4 million, $8.6 million, $4.5 million, $3.8 million, $3.4 million, $2.2 million, $1.8 million, $3.7 million, $5.0 million, $5.6 million, $7.7 million, and $8.6 million, respectively.

(3)Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


	December 31, 2022
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Net Carrying Value(2)
Revolving Credit Facility(3)	$	1,845,000	$	302,287	$	1,542,713	$	288,636
SPV Asset Facility I	550,000		440,430		72,337		437,241
SPV Asset Facility II	1,800,000		1,538,000		164,506		1,528,048
SPV Asset Facility III	750,000		555,000		50,764		549,851
SPV Asset Facility IV	500,000		465,000		26,911		460,869
CLO VIII	290,000		290,000		—		287,946
March 2025 Notes	500,000		500,000		—		495,309
September 2026 Notes	350,000		350,000		—		344,226
February 2027 Notes	500,000		500,000		—		493,735
September 2027 Notes	600,000		600,000		—		591,550
Total Debt	$	7,685,000	$	5,540,717	$	1,857,231	$	5,477,411

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(3)Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies.

December 31, 2021
($ in thousands) Aggregate Principal
Committed Outstanding
Principal
Amount
Available(1)
Net Carrying
Value(2)
Promissory Note $ 250,000 $ — $ 250,000 $ —
Revolving Credit Facility 750,000 451,170 298,830 445,188
SPV Asset Facility I 550,000 301,282 33,740 298,015
SPV Asset Facility II 1,000,000 446,000 83,678 438,637
September 2026 Notes 350,000 350,000 — 343,971
Total Debt $ 2,900,000 $ 1,548,452 $ 666,248 $ 1,525,811
The below table represents the components of interest expense for the following periods:


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
($ in thousands)	2023			2022			2023			2022
Interest expense	$	108,913		$	32,308		$	195,488		$	47,412
Amortization of debt issuance costs	4,434			3,802			8,131			4,069
Net change in unrealized (gain) loss on effective interest rate swaps and hedged items(1)	1,204			—			527			—
Total Interest Expense	$	114,551		$	36,110		$	204,146		$	51,481
Average interest rate	6.9		%	3.9		%	6.6		%	3.6		%
Average daily borrowings	$	6,223,801		$	3,310,387		$	5,903,426		$	2,598,780

(1)~~The amount available reflects any limitations related~~Refer to ~~each credit facility’s borrowing base.~~the September 2027 Notes for details on the facility's interest rate swap.

~~For the three and nine months ended September 30, 2022 and 2021, the components of interest expense were as follows:~~

For the Three Months Ended
September 30, For the Nine Months Ended
September 30,
($ in thousands) 2022 2021 2022 2021
Interest expense $ 58,806 $ 3,104 $ 106,218 $ 4,340
Amortization of debt issuance costs 2,967 359 7,036 626
Total Interest Expense $ 61,773 $ 3,463 $ 113,254 $ 4,966
Average interest rate 4.6 % 2.7 % 4.2 % 3.0 %
Average daily borrowings $ 4,989,751 $ 450,600 $ 3,328,010 $ 192,471

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

Promissory Note

On October 15, 2020, the Company as borrower, entered into a Loan Agreement (the "Loan Agreement") with Owl Rock Feeder FIC ORCIC Debt LLC ("Feeder FIC Debt"), an affiliate of the Adviser, as lender, to enter into revolving promissory notes (the "Promissory Notes") to borrow up to an aggregate of $50 million from Feeder FIC Debt. The Loan Agreement was subsequently amended on March 31, 2021, August 26, 2021, September 13, 2021, and March 8, 2022, and amended and restated on May 12, 2021. Prior to June 22, 2022, the aggregate amount that could be borrowed under the Loan Agreement was $250 million and the stated maturity date was February 28, 2023.

The interest rate on amounts borrowed pursuant to the Promissory Notes after March 8, 2022 was based on the lesser of the rate of interest for a SOFR Loan or an ABR Loan under the Credit Agreement dated as of December 7, 2021, as amended or supplemented from time to time, by and among Blue Owl Finance LLC, as Borrower, Blue Owl Capital Holdings LP and Blue Owl Capital Carry LP as Parent Guarantors, the Subsidiary Guarantors party thereto, Bank of America, N.A., as Syndication Agent, JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association and Sumitomo Mitsui Banking Corporation, as Co-Documentation Agents and MUFG Bank, Ltd., as Administrative Agent.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

The interest rate on amounts borrowed pursuant to the Promissory Notes between March 8, 2022 and May 12, 2021 was based on the lesser of the rate of interest for an ABR Loan or a Eurodollar Loan under the Credit Agreement dated as of April 15, 2021, as amended or supplemented from time to time, by and among the Adviser, as borrower, the several lenders from time to time party thereto, MUFG Union Bank, N.A., as Collateral Agent and MUFG Bank, Ltd., as Administrative Agent.

The interest rate on amounts borrowed pursuant to Promissory Notes, prior to May 12, 2021, was based on either the rate of interest for a LIBOR-Based Advance or the rate of interest for a Prime-Based Advance as defined in the Loan and Security Agreement, dated as of February 20, 2020, as amended from time to time, by and among the ~~Owl Rock Capital Advisors LLC,~~Adviser, as borrower, East West Bank, as Administrative Agent, Issuing Lender, Swingline Lender and a Lender and Investec Bank PLC as a Lender.

The unpaid principal balance of the Revolving Promissory Note and accrued interest thereon was payable by the Company from time to time at the discretion of the Company but immediately due and payable upon 120 days written notice by Owl Rock Feeder FIC ORCIC Debt LLC, and in any event due and payable in full no later than February 28, 2023.

On June 22, 2022, the Company and Feeder FIC Debt entered into a Termination Agreement (the “Termination Agreement”) pursuant to which the Loan Agreement was terminated. At the time the Termination Agreement was executed, there were no amounts outstanding pursuant to the Loan Agreement or the Promissory Notes.

Revolving Credit Facility

On August 11, 2022, the Company entered into an Amended and Restated Senior Secured Revolving Credit Agreement (the “Revolving Credit Facility”), which amends and restates in its entirety that certain Senior Secured Revolving Credit Agreement, dated as of April 14, 2021 (as amended, restated, supplemented or otherwise modified prior to August 11, 2022). The parties to the Revolving Credit Facility include the Company, as Borrower, the lenders from time to time parties thereto (each an “Revolving Credit Lender” and collectively, the “Revolving Credit Lenders”) and Sumitomo Mitsui Banking Corporation, as Administrative Agent.

The Revolving Credit Facility is guaranteed by certain domestic subsidiaries of the Company in existence as of the closing date of the Revolving Credit Facility, and will be guaranteed by certain domestic subsidiaries of the Company that are formed or acquired by the Company in the future (collectively, the “Guarantors”). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including the funding of portfolio investments.

The maximum principal amount of the Revolving Credit Facility is ~~$1.775~~$1.845 billion (increased from $1.550 billion to $1.775 billion on September 22, 2022, increased from $1.775 billion to $1.795 billion on October 5, 2022 and subsequently increased from $1.795 billion to $1.845 billion on November 22, 2022), subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness. Maximum capacity under the Revolving Credit Facility may be increased to $2.325 billion through the Company’s exercise of an uncommitted accordion feature through which existing and new lenders may, at their option, agree to provide additional financing. The Revolving Credit Facility includes a $200 million limit for swingline loans and is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and each Guarantor, subject to certain exceptions.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

The availability period under the Revolving Credit Facility will terminate on August 11, 2026 (the “Revolving Credit Facility Commitment Termination Date”). The Revolving Credit Facility will mature on August 11, 2027 (the “Revolving Credit Facility Maturity Date”). During the period from the Revolving Credit Facility Commitment Termination Date to the Revolving Credit Facility Maturity Date, the Company will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales and other recovery events and equity and debt issuances.

The Company may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn under the Revolving Credit Facility in U.S. dollars will bear interest at term SOFR plus any applicable credit adjustment spread plus margin of 2.00% per annum, or the alternative base rate plus margin of 1.00% per annum. With respect to loans denominated in U.S. dollars, the Company may elect either term SOFR or the alternative base rate at the time of drawdown, and such loans may be converted from one rate to another at any time at the Company’s option, subject to certain conditions. Amounts drawn under the Revolving Credit Facility in other permitted currencies will bear interest at the relevant rate specified therein (including any applicable credit adjustment spread) plus margin of 2.00% per annum. The Company will also pay a fee of 0.375% on undrawn amounts under the Revolving Credit Facility.

The Revolving Credit Facility includes customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company’s ability to make distributions to the Company’s shareholders, or redeem, repurchase or

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

retire shares of stock, upon the occurrence of certain events and certain financial covenants related to asset coverage and other maintenance covenants, as well as customary events of default. The Revolving Credit Facility requires a minimum asset coverage ratio with respect to the consolidated assets of the Company and its subsidiaries to senior securities that constitute indebtedness of no less than 1.50 to 1.00 at any time.

ORCIC JV WH

On August 24, 2022 (the “ORCIC JV WH Closing Date”), ORCIC JV WH ~~LLC,~~LL, a Delaware limited liability company (“ORCIC JV WH”) entered into a $400 million credit facility (the “Credit Agreement”) among the lenders party thereto (the ~~“Lenders”~~“ORCIC JV WH Lenders”), Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and BofA Securities, Inc., as sole lead arranger and sole book manager. ORCIC JV WH iswas a wholly owned subsidiary of ~~the Company,~~ORCIC BC 9 LLC, a Delaware limited liability company (the “Collateral Manager”) and the Collateral Manager iswas a wholly owned subsidiary of the Company. ~~The proceeds~~On November 2, 2022 (the “OCIC SLF Effective Date”), the Company and State Teachers Retirement System of Ohio (“OSTRS”) entered into an Amended and Restated Limited Liability Company Agreement (the “LLC Agreement”) to co-manage OCIC SLF, a Delaware limited liability company. OCIC SLF is a joint venture that is expected to invest primarily in senior secured loans to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. Prior to the loans under the Credit Agreement are to be used for, subject to certain restrictions, acquiring and funding collateral assets, payment of government fees and administrative expenses, the funding of certain accounts and making distributions, contributions and investments.

The maximum principal amount of the revolving loans under the Credit Agreement is $400 million, which can be drawn and redrawn subject to certain conditions, including the borrowing base, which is determined on the basis of the value of the assets from time to time, and an advance rate, for a period of up to three years (less 30 days) afterOCIC SLF Effective Date, the ORCIC JV WH ~~Closing~~Lenders consented to the change in control of OCIC SLF. From and following the OCIC SLF Effective Date, ~~unless the commitments are terminated sooner, as provided in the Credit Agreement. The loans under~~ the Credit Agreement ~~will mature on August 25, 2025~~continued as an obligation of OCIC SLF and its subsidiaries but was no longer indebtedness of the Company.

ORCIC JV WH II

On October 14, 2022 (the “ORCIC JV WH ~~Stated Maturity~~II Closing Date”), ORCIC JV WH II LLC, a Delaware limited liability company (“ORCIC JV WH II”) entered into an up to $500 million revolving loan facility (the “Revolving Loan Agreement”) among the lenders party thereto (the “ORCIC JV WH II Lenders”), and Royal Bank of Canada, as a ORCIC JV WH II Lender and as administrative agent (in such capacity, the “ORCIC JV WH II Administrative Agent”). ORCIC JV WH II was a wholly owned subsidiary of ORCIC BC 9 LLC, a Delaware limited liability company (the “Collateral Manager”) and ~~may be accelerated upon~~ the ~~occurrence of an event of default.~~

All loans under the Credit Agreement may be prepaid and reborrowed without penalty or premium at any time, subject to certain restrictions. A make-whole fee is due in connection with any reduction or termination of any portionCollateral Manager was a wholly owned subsidiary of the ~~commitments under~~Company. On the ~~Credit~~OCIC SLF Effective Date, the Company and OSTRS entered into the LLC Agreement ~~within 18 months of~~to co-manage OCIC SLF. OCIC SLF is a joint venture that is expected to invest primarily in senior secured loans to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. Prior to the OCIC SLF Effective Date, the ORCIC JV WH ~~Closing Date. The outstanding principal balance, interest~~II Lenders consented to the change in control of OCIC SLF. From and ~~all other amounts outstanding for all loans are due~~following the OCIC SLF Effective Date, the Revolving Loan Agreement continued as an obligation of OCIC SLF and ~~payable on the ORCIC JV WH Stated Maturity Date.~~

The interest rate on outstanding loans under the Credit Agreement is, at the option of ORCIC JV WH, (A) Term SOFR (which is the one month Term SOFR Screen Rate plus the Applicable Margin or (B) Base Rate (which is the highest of (i) the Federal Funds rate plus 0.50%, (ii) the Prime Rate in effect for such day, (iii) Term SOFR plus 1.00%, and (iv) 1.00%) plus the Applicable Margin, and in each case, subject to interest rate floors set forth in the Credit Agreement. The “Applicable Margin” is 1.45%. Liabilities under the Credit Agreement are limited recourse to ORCIC JV WH. ORCIC JV WH is required to pay a quarterly commitment fee ranging from 0.25% to 1.45%, based on the daily amountits subsidiaries but was no longer indebtedness of the undrawn portion of the commitments under the Credit Agreement. The commitment fee will initially be set at 0.25%. ORCIC JV WH shall pay the Administrative Agent a customary fee as well as other customary closing fees.Company.

The Credit Agreement contains customary affirmative and negative covenants, including covenants limiting the ability of ORCIC JV WH, among other things, grant liens, incur incremental indebtedness, effect certain mergers, make investments, dispose of assets, pay dividends or distributions on capital stock and enter into transactions with affiliates, in each case subject to customary exceptions.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

~~defaults, the invalidity of the Credit Agreement or the related loan documents and certain events related to plans subject to the Employee Retirement Income Security Act of 1974, as amended.~~

Pursuant to the Security Agreement (as defined below), the obligations of ORCIC JV WH under the Credit Agreement are secured by a perfected first priority security interest in all of the assets of ORCIC JV WH and on any payments received by ORCIC JV WH in respect of such assets. Assets pledged to the Lenders will not be available to pay the Company’s obligations.

In connection with the Credit Agreement, ORCIC JV WH (a) entered into a security agreement dated as of the ORCIC JV WH Closing Date (the “Security Agreement”) among ORCIC JV WH and the Administrative Agent, pursuant to which ORCIC JV WH granted to the Administrative Agent a first priority lien on all of the collateral assets of ORCIC JV WH, (b) entered into a collateral management agreement among ORCIC JV WH and the Collateral Manager, pursuant to which the Collateral Manager provides collateral management services to ORCIC JV WH with respect to the collateral assets and (c) entered into a master sale and participation agreement among the Borrower and the Company, pursuant to which ORCIC JV WH intends to purchase from the Company participation interests in certain collateral assets (in anticipation of elevating such interests into assignments after the closing date) that, upon such purchase, will become collateral under the Credit Agreement and will be subject to the first priority lien granted by ORCIC JV WH pursuant to the Security Agreement.

~~Borrowings of ORCIC JV WH are considered our borrowings for purposes of complying with the asset coverage requirements under the Investment Company Act of 1940, as amended.~~

SPV Asset Facility I

On September 16, 2021 (the “SPV Asset Facility I Closing Date”), Core Income Funding I LLC ("Core Income Funding I”), a Delaware limited liability company and newly formed wholly-owned subsidiary of the Company entered into a Credit Agreement ~~( as amended through the date hereof, “the SPV~~(the “SPV Asset Facility I”), with Core Income Funding I, as borrower, the lenders from time to time parties thereto (the ~~“Lenders”~~“SPV Asset Facility I Lenders”), Natixis, New York Branch, as Administrative Agent, State Street Bank and Trust Company as Collateral Agent and Alter Domus (US) LLC as Document Custodian.

On December 27, 2021, the parties to the SPV Asset Facility I amended certain terms of the facility, including increasing the total revolving commitment under the SPV Asset Facility I from $300 million to $350 million and the total term commitment under the SPV Asset Facility I from $0 to $200 million and adding additional parties as lenders. The following describes the terms of the SPV Asset Facility I as amended through ~~December 27, 2021.~~June 20, 2023 (the "SPV Asset Facility I Second Amendment Date").

From time to time, the Company expects to sell and contribute certain investments to Core Income Funding I pursuant to a Sale and Contribution Agreement by and between the Company and Core Income Funding I. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Asset Facility I will be used to finance the origination and acquisition of eligible assets by Core Income Funding I, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by Core Income Funding I through its ownership of Core Income Funding I. The maximum principal amount of the Credit Facility is $525 million (decreased from $550 ~~million;~~million on the SPV Asset Facility I Second Amendment Date); the availability of this amount is subject to an overcollateralization ratio test, which is based on the value of Core Income Funding I’s assets from time to time, and satisfaction of certain conditions, including an interest coverage ratio test, certain concentration limits and collateral quality tests.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

Stated Maturity, proceeds received by Core Income Funding I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset I Facility Stated Maturity, Core Income Funding I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

Income Funding I, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Asset Facility I is secured by a perfected first priority security interest in the assets of Core Income Funding I and on any payments received by Core Income Funding I in respect of those assets. Assets pledged to the SPV Asset Facility I Lenders will not be available to pay the debts of the Company.

Borrowings of Core Income Funding I are considered ~~our~~the Company's borrowings for purposes of complying with the asset coverage requirements under the Investment Company Act of 1940, as amended.

SPV Asset Facility II

On October 5, 2021 (the "SPV Asset Facility II Closing Date"), Core Income Funding II LLC (“Core Income Funding II”), a Delaware limited liability company and our newly formed subsidiary entered into a loan and financing and servicing agreement (as amended through the date hereof, the “SPV Asset Facility II”), with Core Income Funding II, as borrower, us, as equityholder and service provider, the lenders from time to time parties thereto (the "SPV Asset Facility II Lenders"), Deutsche Bank AG, New York Branch, as Facility Agent, State Street Bank and Trust Company, as collateral agent, and Alter Domus (US) LLC as collateral custodian.

On October 27, 2021, the parties to the SPV Asset Facility II amended certain terms of the facility, including increasing the aggregate commitment of the SPV Asset Facility II Lenders ~~under the Facility~~ from $500 million to $1 billion.

On December 20, 2021, the parties to the SPV Asset Facility II amended certain terms of the facility, including changes related to the elevation of Assigned Participation Interests.

On February 18, 2022, the parties to the SPV Asset Facility II amended certain terms of the facility including, among other changes, reallocating commitments of the ~~lenders under~~ SPV Asset Facility II Lenders and converting the benchmark rate of the facility from LIBOR to term SOFR.

On April 11, 2022, the parties to the SPV Asset Facility II amended certain terms of the facility including, among other changes, increasing the Facility Amount from $1 billion to $1.275 billion, extending the Ramp-up Period through December 31, 2022 and adding two additional lenders.

On May 3, 2022, the parties to the SPV Asset Facility II amended certain terms of the facility including, among other changes, increasing the Facility Amount from $1.275 billion to $1.65 billion and adding two additional lenders.

On July 11, 2022, the parties to the SPV Asset Facility II entered into a joinder agreement increasing the Facility Amount from $1.65 billion to $1.69 billion and adding an additional lender.

On August 1, 2022, the parties to the SPV Asset Facility II entered into joinder agreements and amended certain terms of the facility including, among other changes, increasing the Facility Amount from $1.69 billion to $1.8 billion and adding additional lenders.

From time to time, the Company expects to sell and contribute certain loan assets to Core Income Funding II pursuant to a Sale and Contribution Agreement by and between the Company and Core Income Funding II. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Asset Facility II will be used to finance the origination and acquisition of eligible assets by Core Income Funding II, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by Core Income Funding II through our ownership of Core Income Funding II. The maximum principal amount of the SPV Asset Facility II is $1.8 billion; the availability of this amount is subject to the borrowing base, which is

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

determined on the basis of the value and types of Core Income Funding II’s assets from time to time, and satisfaction of certain conditions, including interest spread and weighted average coupon tests, certain concentration limits and collateral quality tests.

The SPV Asset Facility II provides for the ability to borrow, reborrow, repay and prepay advances under the SPV Asset Facility II for a period of up to three years after the SPV Asset Facility II Closing Date unless such period is extended or accelerated under the terms of the SPV Asset Facility II (the “Revolving Period”). Unless otherwise extended, accelerated or terminated under the terms of the SPV Asset Facility II, the SPV Asset Facility II will mature on the date that is two years after the last day of the Revolving Period (the “Facility Termination Date”). Prior to the Facility Termination Date, proceeds received by Core Income Funding II from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding advances, and the excess may be returned to the Company, subject to certain conditions. On the Facility Termination Date, Core Income Funding II must pay in full all outstanding fees and expenses and all principal and interest on outstanding advances, and the excess may be returned to the Company.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

Amounts drawn under the SPV Asset Facility II bear interest at Term SOFR (or, in the case of certain SPV Asset Facility II Lenders that are commercial paper conduits, the lower of (a) their cost of funds and (b) Term SOFR, such Term SOFR not to be lower than zero) plus a spread equal to 2.00% per annum, which spread will increase (a) on and after the end of the Revolving Period by 0.15% per annum if no event of default has occurred and (b) by 2.00% per annum upon the occurrence of an event of default (such spread, the “Applicable Margin”). Term SOFR may be replaced as a base rate under certain circumstances. During the Revolving Period, Core Income Funding II will pay an undrawn fee ranging from 0.00% to 0.25% per annum on the undrawn amount, if any, of the revolving commitments in the SPV Asset Facility II. During the Revolving Period, if the undrawn commitments are in excess of a certain portion (initially 12.5% and increasing in stages to 25%, 50% and 75%) of the total commitments under the SPV Asset Facility II, Core Income Funding II will also pay a make-whole fee equal to the Applicable Margin multiplied by such excess undrawn commitment amount, reduced by the undrawn fee payable on such excess. Core Income Funding II will also pay Deutsche Bank AG, New York Branch, certain fees (and reimburse certain expenses) in connection with its role as facility agent. The SPV Asset Facility II contains customary covenants, including certain financial maintenance covenants, limitations on the activities of Core Income Funding II, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Asset Facility II is secured by a perfected first priority security interest in the assets of Core Income Funding II and on any payments received by Core Income Funding II in respect of those assets. Assets pledged to the SPV Asset Facility II Lenders will not be available to pay the Company's debts.

Borrowings of Core Income Funding II are considered the Company's borrowings for purposes of complying with the asset coverage requirements under the Investment Company Act of 1940, as amended.

SPV Asset Facility III

On March 24, 2022 (the “SPV Asset Facility III Closing Date”), Core Income Funding III LLC (“Core Income Funding III”), a Delaware limited liability company and newly formed subsidiary of the Company entered into a Credit Agreement (the “SPV Asset Facility III”), with Core Income Funding III, as borrower, the Adviser, as servicer, the lenders from time to time parties thereto (the "SPV Asset Facility III Lenders"), Bank of America, N.A., as administrative agent, State Street Bank and Trust Company, as collateral agent, Alter Domus (US) LLC as collateral custodian and Bank of America, N.A., as sole lead arranger and sole book manager.

From time to time, the Company expects to sell and contribute certain investments to Core Income Funding III pursuant to a Sale and Contribution Agreement, dated as of the SPV Asset Facility III Closing Date, by and between the Company and Core Income Funding III. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Asset Facility III will be used to finance the origination and acquisition of eligible assets by Core Income Funding III, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by Core Income Funding III through the Company’s ownership of Core Income Funding III. The maximum principal amount of the SPV Asset Facility III is $750 million, which can be drawn in multiple currencies subject to certain conditions; the availability of this amount is subject to the borrowing base, which is determined on the basis of the value and types of Core Income Funding III’s assets from time to time, and satisfaction of certain conditions, including certain portfolio criteria.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility III Stated Maturity, Core Income Funding III must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn in U.S. dollars are benchmarked to Daily SOFR, amounts drawn in British pounds are benchmarked to SONIA plus an adjustment of 0.11930%, amounts drawn in Canadian dollars are benchmarked to CDOR, and amounts drawn in Euros are benchmarked to EURIBOR, and in each case plus a spread equal to the Applicable Margin. The “SPV Asset Facility III Applicable Margin” ranges from 1.60% to 2.10% depending on the composition of the collateral. The SPV Asset Facility III also allows for amounts drawn in U.S. dollars to bear interest at an alternate base rate without a spread.

From the SPV Asset Facility III Closing Date to the SPV Asset Facility III Commitment Termination Date, there is a commitment fee, calculated on a daily basis, ranging from 0.25% to 1.25% on the undrawn amount under the SPV Asset Facility III. The SPV Asset Facility III contains customary covenants, including certain limitations on the activities of Core Income Funding III, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Asset Facility III is secured by a

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

perfected first priority security interest in the assets of Core Income Funding III and on any payments received by Core Income Funding III in respect of those assets. Assets pledged to the ~~lenders under the~~ SPV Asset Facility III Lenders will not be available to pay the debts of the Company.

Borrowings of Core Income Funding III are considered the Company’s borrowings for purposes of complying with the asset coverage requirements under the 1940 Act.

SPV Asset Facility IV

On March 16, 2022 (the “SPV Facility IV Closing Date”), Core Income Funding IV LLC (“Core Income Funding IV”), a Delaware limited liability company and newly formed subsidiary of the Company, entered into a Credit Agreement (the “SPV Asset Facility IV”), with Core Income Funding IV, as Borrower, the lenders from time to time parties thereto (the ~~“Lenders”~~“SPV Asset Facility IV Lenders”), Sumitomo Mitsui Banking Corporation, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC as Document Custodian.

From time to time, the Company expects to sell and contribute certain investments to Core Income Funding IV pursuant to a Sale and Contribution Agreement, dated as of the SPV Facility IV Closing Date, by and between the Company and Core Income Funding IV. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Facility IV will be used to finance the origination and acquisition of eligible assets by Core Income Funding IV, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by Core Income Funding IV through its ownership of Core Income Funding IV. The maximum principal amount of the SPV Facility IV is $500 million; the availability of this amount is subject to an overcollateralization ratio test, which is based on the value of Core Income Funding IV’s assets from time to time, and satisfaction of certain conditions, including an interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Facility IV provides for the ability to (1) draw term loans and (2) draw and redraw revolving loans under the SPV Facility IV for a period of up to three years after the SPV Facility IV Closing Date unless the revolving commitments are terminated or converted to term loans sooner as provided in the SPV Facility IV (the “SPV Facility IV Commitment Termination Date”). Unless otherwise terminated, the SPV Facility IV will mature on March 16, 2033 (the “SPV Facility IV Stated Maturity”). Prior to the SPV Facility IV Stated Maturity, proceeds received by Core Income Funding IV from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Facility IV Stated Maturity, Core Income Funding IV must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at Term SOFR (or, in the case of certain ~~lenders~~SPV Asset Facility IV Lenders that are commercial paper conduits, the lower of their cost of funds and Term SOFR plus 0.15%) plus an applicable margin that ranges from 1.70% to 2.30% depending on a ratio of broadly syndicated loans to middle market loans in the collateral. From the SPV Facility IV Closing Date to the SPV Facility IV Commitment Termination Date, there is a commitment fee that steps up during the year after the SPV Facility IV Closing Date from 0.00% to 0.50% per annum on the undrawn amount, if any, of the revolving commitments in the SPV Facility IV. The SPV Facility IV contains customary covenants, including certain financial maintenance covenants, limitations on the activities of Core Income Funding IV, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Facility IV is secured by a perfected first priority security interest in the assets of Core Income Funding IV and on any payments

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

received by Core Income Funding IV in respect of those assets. Assets pledged to the SPV Asset Facility IV Lenders will not be available to pay the debts of the Company.

Borrowings of Core Income Funding IV are considered the Company’s borrowings for purposes of complying with the asset coverage requirements under the 1940 Act.

SPV Asset Facility V

On March 9, 2023 (the “SPV Facility V Closing Date”), Core Income Funding V LLC (“Core Income Funding V”), a Delaware limited liability company and newly formed subsidiary of the Company, entered into a loan and security agreement (the “SPV Asset Facility V”), with Core Income Funding V, as Borrower, the Company, as Servicer and Equityholder, the lenders from time to time parties thereto (the “SPV Asset Facility V Lenders”), Wells Fargo Bank, National Association, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, and Alter Domus (US) LLC as Collateral Custodian.

From time to time, the Company expects to sell and contribute certain loan assets to Core Income Funding V pursuant to a Sale and Contribution Agreement, dated as of the SPV Facility V Closing Date, by and between the Company and Core Income Funding V. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Facility V will be used to finance the origination and acquisition of eligible assets by Core Income Funding V, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by Core Income Funding V through its ownership of Core Income Funding V. The maximum principal amount of the SPV Facility V is $300 million; the availability of this amount is subject to a borrowing base test, which is based on the value of Core Income Funding V’s assets from time to time, and satisfaction of certain conditions, including certain concentration limits and other portfolio tests.

The SPV Facility V provides for the ability to borrow, reborrow, repay and prepay advances under the SPV Facility V for a period of up to three years after the SPV Facility V Closing Date unless such period is extended or accelerated under the terms of the SPV Facility V (the “SPV Facility V Reinvestment Period”). Unless otherwise extended, accelerated or terminated under the terms of the SPV Facility V, the SPV Facility V will mature on the date that is two years after the last day of the SPV Facility V Reinvestment Period (the “SPV Facility V Maturity Date”). Prior to the SPV Facility V Maturity Date, proceeds received by Core Income Funding V from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding advances, and the excess may be returned to the Company, subject to certain conditions. On the SPV Facility V Maturity Date, Core Income Funding V must pay in full all outstanding fees and expenses and all principal and interest on outstanding advances, and the excess may be returned to the Company.

Amounts drawn bear interest at Daily Simple SOFR plus a spread equal to 2.70% per annum, which spread will increase by 2.00% per annum upon the occurrence and during the existence of an event of default or following the SPV Facility V Termination Date (such spread, the “SPV Facility V Applicable Spread”). Daily Simple SOFR may be replaced as a base rate under certain circumstances. During the SPV Facility V Reinvestment Period, Core Income Funding V will pay an undrawn fee ranging from 0.25% to 0.50% per annum on the undrawn amount, if any, of the revolving commitments in the SPV Facility V that are not subject to the separate, higher fee described below. On and after the six-month anniversary of the SPV Facility V Closing Date and during the SPV Facility V Reinvestment Period, if the undrawn commitments are in excess of a certain portion (initially 50% and decreasing to 30%) of the total commitments under the SPV Facility V, such portion will not be subject to the undrawn fee described above, but Core Income Funding V will pay a separate fee on this portion of the undrawn commitments equal to 1.50% multiplied by such excess undrawn commitment amount over 50% or 30% of the total commitments, as applicable. The SPV Facility V contains customary covenants, including certain financial maintenance covenants, limitations on the activities of Core Income Funding V, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Facility V is secured by a perfected first priority security interest in the assets of Core Income Funding V and on any payments received by Core Income Funding V in respect of those assets. Assets pledged to the Lenders will not be available to pay the debts of the Company.

Borrowings of Core Income Funding V are considered the Company’s borrowings for purposes of complying with the asset coverage requirements under the 1940 Act.

CLO VIII

On October 21, 2022 (the “CLO VIII Closing Date”), the Company completed a $391.675 million term debt securitization transaction (the “CLO VIII Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company. The secured notes and preferred shares issued in the CLO VIII Transaction and the secured loan borrowed in the CLO VIII Transaction were issued and incurred, as applicable, by the Company’s consolidated subsidiary CLO VIII,

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

LLC, a limited liability organized under the laws of the State of Delaware (the “CLO VIII Issuer”) and are backed by a portfolio of collateral obligations consisting of middle market loans and participation interests in middle market loans as well as by other assets of the CLO VIII Issuer.

The CLO VIII Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the CLO VIII Closing Date (the “CLO VIII Indenture”), by and among the CLO VIII Issuer and State Street Bank and Trust Company: (i) $152 million of AAA(sf) Class A-T Notes, which bear interest at three-month term SOFR plus 2.50%, (ii) $46 million of AAA(sf) Class A-F Notes, which bear interest at 6.02%, (iii) $32 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 3.50% and (iv) $30 million of A(sf) Class C Notes, which bear interest at 4.90% (together, the “CLO VIII Secured Notes”) and (B) the borrowing by the CLO VIII Issuer of $30 million under floating rate Class A-L loans (the “Class A-L Loans” and together with the CLO VIII Secured Notes, the “CLO VIII Debt”). The Class A-L Loans bear interest at three-month term SOFR plus 2.50%. The Class A-L Loans were borrowed under a loan agreement (the “A-L Loan Agreement”), dated as of the CLO VIII Closing Date, by and among the CLO VIII Issuer, as borrower, various financial institutions, as lenders, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO VIII Debt is secured by middle market loans, participation interests in middle market loans and other assets of the CLO VIII Issuer. The CLO VIII Debt is scheduled to mature on November 20, 2034. The CLO VIII Secured Notes were privately placed by Natixis Securities Americas LLC as placement agent.

Concurrently with the issuance of the CLO VIII Secured Notes and the borrowing under the Class A-L Loans, the CLO VIII Issuer issued approximately $101.675 million of subordinated securities in the form of 101,675 preferred shares at an issue price of U.S.$1,000 per share (the “CLO VIII Preferred Shares”). The CLO VIII Preferred Shares were issued by the CLO VIII Issuer as part of its issued share capital and are not secured by the collateral securing the CLO VIII Debt. The Company purchased all of the CLO VIII Preferred Shares. The Company acts as retention holder in connection with the CLO VIII Transaction for the purposes of satisfying certain U.S. and European Union regulations requiring sponsors of securitization transactions to retain exposure to the performance of the securitized assets and as such is required to retain a portion of the CLO VIII Preferred Shares.

As part of the CLO VIII Transaction, the Company entered into a loan sale agreement with the CLO VIII Issuer dated as of the CLO VIII Closing Date, which provided for the sale and contribution of approximately $143.098 million funded par amount of middle market loans from the Company to the CLO VIII Issuer on the CLO VIII Closing Date and for future sales from the Company to the CLO VIII Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO VIII Debt. The remainder of the initial portfolio assets securing the CLO VIII Debt consisted of approximately $113.025 million funded par amount of middle market loans purchased by the CLO VIII Issuer from Core Income Funding I LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO VIII Closing Date between the CLO VIII Issuer and Core Income Funding I LLC. The Company and Core Income Funding I LLC each made customary representations, warranties, and covenants to the CLO VIII Issuer under the applicable loan sale agreement.

Through July 20, 2025, a portion of the proceeds received by the CLO VIII Issuer from the loans securing the CLO VIII Debt may be used by the CLO VIII Issuer to purchase additional middle market loans under the direction of the Adviser in its capacity as collateral manager for the CLO VIII Issuer and in accordance with the Company’s investing strategy and ability to originate eligible middle market loans.

The CLO VIII Debt is the secured obligation of the CLO VIII Issuer, and the CLO VIII Indenture, the A-L Loan Agreement each include customary covenants and events of default. The CLO VIII Secured Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities (e.g., “blue sky”) laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or pursuant to an applicable exemption from such registration.

The Adviser will serve as collateral manager for the CLO VIII Issuer under a collateral management agreement dated as of the CLO VIII Closing Date. The Adviser is entitled to receive fees for providing these services. The Adviser has waived its right to receive such fees but may rescind such waiver at any time; provided, however, that if the Adviser rescinds such waiver, the management fee payable to Adviser pursuant to the Amended and Restated Investment Advisory Agreement, dated May 18, 2021, between the Adviser and the Company will be offset by the amount of the collateral management fee attributable to the CLO VIII Issuer’s equity or notes owned by the Company.

CLO XI

On May 24, 2023 (the “CLO XI Closing Date”), the Company completed a $395.8 million term debt securitization transaction (the “CLO XI Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

by the Company. The secured notes and preferred shares issued in the CLO XI Transaction and the secured loan borrowed in the CLO XI Transaction were issued and incurred, as applicable, by the Company’s consolidated subsidiary CLO XI, LLC, a limited liability organized under the laws of the State of Delaware (the “CLO XI Issuer”) and are backed by a portfolio of collateral obligations consisting of middle market loans and participation interests in middle market loans as well as by other assets of the CLO XI Issuer.

The CLO XI Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the CLO XI Closing Date (the “CLO XI Indenture”), by and among the CLO XI Issuer and State Street Bank and Trust Company: (i) $152.5 million of AAA(sf) Class A-1T Notes, which bear interest at three-month term SOFR plus 2.50%, (ii) $25.5 million of AAA(sf) Class A-1F Notes, which bear interest at 6.10% and (iii) $32 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 3.60% (together, the “CLO XI Secured Notes”) and (B) the borrowing by the Issuer of $50 million under floating rate Class A-1L loans (the “CLO XI Class A-1L Loans” and together with the CLO XI Secured Notes, the “CLO XI Debt”). The CLO XI Class A-1L Loans bear interest at three-month term SOFR plus 2.50%. The CLO XI Class A-1L Loans were borrowed under a loan agreement (the “CLO XI A-1L Loan Agreement”), dated as of the CLO XI Closing Date, by and among the CLO XI Issuer, as borrower, various financial institutions, as lenders, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO XI Debt is secured by middle market loans, participation interests in middle market loans and other assets of the Issuer. The CLO XI Debt is scheduled to mature on May 15, 2035. The CLO XI Secured Notes were privately placed by SMBC Nikko Securities America, Inc. as Initial Purchaser.

Concurrently with the issuance of the CLO XI Secured Notes and the borrowing under the CLO XI Class A-1L Loans, the CLO XI Issuer issued approximately $135.8 million of subordinated securities in the form of 135,820 preferred shares at an issue price of U.S. $1,000 per share (the “CLO XI Preferred Shares”). The CLO XI Preferred Shares were issued by the CLO XI Issuer as part of its issued share capital and are not secured by the collateral securing the CLO XI Debt. The Company purchased all of the CLO XI Preferred Shares. The Company acts as retention holder in connection with the CLO XI Transaction for the purposes of satisfying certain U.S. and European Union regulations requiring sponsors of securitization transactions to retain exposure to the performance of the securitized assets and as such is required to retain a portion of the CLO XI Preferred Shares.

As part of the CLO XI Transaction, the Company entered into a loan sale agreement with the CLO XI Issuer dated as of the CLO XI Closing Date, which provided for the contribution of approximately $96.4 million funded par amount of middle market loans from the Company to the CLO XI Issuer on the CLO XI Closing Date and for future sales from the Company to the CLO XI Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XI Debt. The remainder of the initial portfolio assets securing the CLO XI Debt consisted of approximately $260.6 million funded par amount of middle market loans purchased by the CLO XI Issuer from Core Income Funding IV LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO XI Closing Date between the CLO XI Issuer and Core Income Funding IV LLC (the “Core Income Funding IV Loan Sale Agreement”). The Company and Core Income Funding IV LLC each made customary representations, warranties, and covenants to the CLO XI Issuer under the applicable loan sale agreement.

Through May 15, 2027, a portion of the proceeds received by the CLO XI Issuer from the loans securing the CLO XI Debt may be used by the CLO XI Issuer to purchase additional middle market loans under the direction of Blue Owl Credit Advisors LLC (“OCA”), the Company’s investment advisor, in its capacity as collateral manager for the CLO XI Issuer and in accordance with the Company’s investing strategy and ability to originate eligible middle market loans.

The CLO XI Debt is the secured obligation of the CLO XI Issuer, and the CLO XI Indenture and CLO XI A-1L Loan Agreement each include customary covenants and events of default. The CLO XI Secured Notes have not been registered under the Securities Act , or any state securities (e.g., “blue sky”) laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or pursuant to an applicable exemption from such registration.

The Adviser will serve as collateral manager for the CLO XI Issuer under a collateral management agreement dated as of the CLO XI Closing Date. The Adviser is entitled to receive fees for providing these services. The Adviser has waived its right to receive such fees but may rescind such waiver at any time; provided, however, that if the Adviser rescinds such waiver, the management fee payable to the Adviser pursuant to the Amended and Restated Investment Advisory Agreement, dated May 18, 2021, between the Adviser and the Company will be offset by the amount of the collateral management fee attributable to the CLO XI Issuer’s equity or notes owned by the Company.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

Unsecured Notes

On November 30, 2022, the Company entered into an agreement of removal, appointment and acceptance (the “Tripartite Agreement”), with Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association (the “Retiring Trustee”) and Truist Bank (the “Successor Trustee”), with respect to the Indenture, dated September 23, 2021 between the Company and the Retiring Trustee (the “Base Indenture”), the first supplemental indenture, dated September 23, 2021 (the “First Supplemental Indenture”) between the Company and the Retiring Trustee, the second supplemental indenture, dated February 8, 2022 (the “Second Supplemental Indenture”) between the Company and the Retiring Trustee, the third supplemental indenture, dated March 29, 2022 (the “Third Supplemental Indenture”) between the Company and the Retiring Trustee, and the Fourth Supplemental Indenture, dated September 16, 2022 (the “Fourth Supplemental Indenture” and together with the Base Indenture, the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the “Indenture”) between the Company and the Retiring Trustee.

The Tripartite Agreement provided that, effective as of the date thereof, (1) the Retiring Trustee assigns, transfers, delivers and confirms to the Successor Trustee all of its rights, title and interest under the Indenture and all of the rights, power, trusts and duties as trustee, security registrar, paying agent, authenticating agent and depositary custodian under the Indenture; and (2) the Successor Trustee accepts its appointment successor trustee, security registrar, paying agent, authenticating agent and depositary custodian under the Indenture, and accepts the rights, indemnities, protections, powers, trust and duties of or afforded to Retiring Trustee as trustee, security registrar, paying agent, authenticating agent and depositary custodian under the Indenture. The Successor Trustee’s appointment in its capacities as paying agent and security registrar became effective on December 14, 2022.

September 2026 Notes

On September 23, 2021, the Company issued $350 million aggregate principal amount of 3.125% notes due 2026 (the “September 2026 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, ~~of 1933, as amended (the “Securities Act”),~~ and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The September 2026 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

The September 2026 Notes were issued pursuant to anthe Base Indenture ~~dated as of September 23, 2021 (the “Base Indenture”), between~~and the ~~Company and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), and a~~ First Supplemental Indenture ~~dated as of September 23, 2021 (the “First Supplemental Indenture” and together with the Base Indenture,~~(together, the “September 2026 Indenture”)~~, between the Company and the Trustee.~~. The September 2026 Notes will mature on September 23, 2026 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the September 2026 Indenture. The September 2026 Notes initially bear interest at a rate of 3.125% per year payable semi-annually on March 23 and September 23 of each year, commencing on March 23, 2022. Concurrent with the issuance of the September 2026 Notes, the Company entered into a Registration Rights Agreement (the "September 2026 Registration Rights Agreement") for the benefit of the purchasers of the September 2026 Notes. Pursuant to the September 2026 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the September 2026 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the September 2026 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the September 2026 Notes. If the Company fails to satisfy its registration obligations under the September 2026 Registration Rights Agreement, it will be required to pay additional interest to the holders of the September 2026 Notes. The Company filed a registration statement with the SEC and, on July 25, 2022, commenced an offer to exchange the September 2026 Notes for newly issued registered notes with substantially similar terms, which expired on August 23, 2022.

The September 2026 Notes are the direct, general unsecured obligations and will rank senior in right of payment to all of the future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the September 2026 Notes. The September 2026 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior. The September 2026 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The September 2026 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The September 2026 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the September 2026 Notes and the Successor Trustee if the Company is no longer subject to the reporting

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the September 2026 Indenture.

In addition, if a change of control repurchase event, as defined in the September 2026 Indenture, occurs prior to maturity, holders of the September 2026 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the September 2026 Notes at a repurchase price equal to 100% of the aggregate principal amount of the September 2026 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

February 2027 Notes

On February 8, 2022, the Company issued $500 million aggregate principal amount of 4.70% notes due 2027 (the “February 2027 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The February 2027 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The February 2027 Notes were issued pursuant to the Base Indenture and athe Second Supplemental Indenture ~~dated as of February 8, 2022 (the “Second Supplemental Indenture” and together with the Base Indenture,~~(together, the “February 2027 Indenture”)~~, between the Company and the Trustee.~~. The February 2027 Notes will mature on February 8, 2027 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the February 2027 Indenture. The February 2027 Notes initially bear interest at a rate of 4.70% per year payable semi-annually on February 8 and August 8 of each year, commencing on August 8, 2022. Concurrent with the issuance of the February 2027 Notes the Company entered into a Registration Rights Agreement (the “February 2027 Registration Rights Agreement”) for the benefit of the purchasers of the February 2027 Notes. Pursuant to the February 2027 Registration Rights Agreement the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the February 2027 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the February 2027 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the February

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

2027 Notes. If the Company fails to satisfy its registration obligations under the February 2027 Registration Rights Agreement, the Company will be required to pay additional interest to the holders of the February 2027 Notes. The Company filed a registration statement with the SEC and, on July ~~25, 2022,~~24, 2023, commenced an offer to exchange the February 2027 Notes for newly issued registered notes with substantially similar ~~terms, which expired on August 23, 2022.~~terms. See Note 12. "Subsequent Events."

The February 2027 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of its future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the February 2027 Notes. The February 2027 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior to the February 2027 Notes. The February 2027 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The February 2027 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The February 2027 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the February 2027 Notes and the Successor Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the Indenture. In addition, if a change of control repurchase event, as defined in the February 2027 Indenture, occurs prior to maturity, holders of the February 2027 Notes have the right, at their option, to require us to repurchase for cash some or all of the February 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the February 2027 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

March 2025 Notes

On March 29, 2022, the Company issued $500 million aggregate principal amount of its 5.500% notes due 2025 (the “March 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale by the Initial Purchasers to persons they reasonably believe to be qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The March 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

The March 2025 Notes were issued pursuant to the Base Indenture and athe Third Supplemental Indenture ~~dated as of March 29, 2022 (the “Third Supplemental Indenture” and together with the Base Indenture,~~(together, the “March 2025 Indenture”)~~, between the Company and the Trustee.~~. The March 2025 Notes will mature on March 21, 2025 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the March 2025 Indenture. The March 2025 Notes bear interest at a rate of 5.500% per year payable semi-annually on March 21 and September 21 of each year, commencing on September 21, 2022. Concurrent with the issuance of the March 2025 Notes, the Company In connection with the offering, the Company entered into a Registration Rights Agreement, dated as of March 29, 2022 (the “March 2025 Registration Rights Agreement”), for the benefit of the purchasers of the March 2025 Notes. Pursuant to the March 2025 Registration Rights Agreement, the Company is obligated to file with the SEC a registration statement with respect to an offer to exchange the March 2025 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the March 2025 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the March 2025 Notes. If the Company fails to satisfy its registration obligations under the March 2025 Registration Rights Agreement, it will be required to pay additional interest to the holders of the March 2025 Notes. The Company filed a registration statement with the SEC and, on July 25, 2022, commenced an offer to exchange the March 2025 Notes for newly issued registered notes with substantially similar terms, which expired on August 23, 2022.

The March 2025 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the March 2025 Notes. The March 2025 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior to the March 2025 Notes. The March 2025 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The March 2025 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

The March 2025 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act, as modified by Section 61(a) of the 1940 Act, for the period of time during which the March 2025 Notes are outstanding, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the March 2025 Notes and the Successor Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the March 2025 Indenture. In addition, if a change of control repurchase event, as defined in the March 2025 Indenture, occurs prior to maturity, holders of the March 2025 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the March 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the March 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

September 2027 Notes

On September 16, 2022, the Company issued $600 million aggregate principal amount of 7.750% notes due 2027 (the “September 2027 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The September 2027 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The September 2027 Notes were issued pursuant to the Base Indenture and athe Fourth Supplemental Indenture ~~dated as of September 16, 2022 (the “Fourth Supplemental Indenture” and together with the Base Indenture,~~(together, the “September 2027 Indenture”)~~, between the Company and the Trustee.~~. The September 2027 Notes will mature on September 16, 2027 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the September 2027 Indenture. The September 2027 Notes bear interest at a rate of 7.750% per year payable semi-annually on March 16 and September 16 of each year, commencing on March 16, 2023. Concurrent with the issuance of the September 2027 Notes, the Company entered into a Registration Rights Agreement (the “September 2027 Registration Rights Agreement”) for the benefit of the purchasers of the September 2027 Notes. Pursuant to the September 2027 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the September 2027 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the September 2027 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the September 2027 Notes. If the Company fails to satisfy its registration obligations under the September 2027 Registration Rights Agreement, it will be required to pay additional interest to the holders of the September 2027 Notes.

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

The September 2027 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the September 2027 Notes. The September 2027 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior to the September 2027 Notes. The September 2027 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The September 2027 Notes will rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The September 2027 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the September 2027 Notes and the Successor Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the September 2027 Indenture.

In addition, if a change of control repurchase event, as defined in the Indenture, occurs prior to maturity, holders of the September 2027 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the September 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the September 2027 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

In connection with the issuance of the September 2027 Notes, on October 18, 2022 the Company entered into centrally cleared interest rate swaps. The notional amount of the interest rate swaps is $600.0 million. The Company will receive fixed rate interest at 7.750% and pay variable rate interest based on SOFR plus 3.84%. The interest rate swaps mature on September 16, 2027. For the three months ended June 30, 2023, the Company did not make any periodic payments. For the six months ended June 30, 2023, the Company made a periodic payment of $0.7 million. The interest expense related to the September 2027 Notes is equally offset by the proceeds received from the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of June 30, 2023, the interest rate swap had a fair value of $(3.1) million ($(0.1) million net of the present value of the cash flows of the September 2027 Notes). As of December 31, 2022, the interest rate swap had a fair value of $4.0 million ($0.4 million net of the present value of the cash flows of the September 2027 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swap is offset by the change in fair value of the September 2027 Notes, with the remaining difference included as a component of interest expense on the Consolidated Statements of Operations.

June 2028 Notes

On June 13, 2023, the Company issued $500 million aggregate principal amount of its 7.950% notes due 2028 (the “June 2028 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2028 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2028 Notes were issued pursuant to the Base Indenture and the Fifth Supplemental Indenture (together with the Base Indenture, the “June 2028 Indenture”), between the Company and the Trustee. The June 2028 Notes will mature on June 13, 2028 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the June 2028 Indenture. The June 2028 Notes bear interest at a rate of 7.950% per year payable semi-annually on June 13 and December 13 of each year, commencing on December 13, 2023. Concurrent with the issuance of the June 2028 Notes, the Company entered into a Registration Rights Agreement (the “June 2028 Registration Rights Agreement”) for the benefit of the purchasers of the June 2028 Notes. Pursuant to the June 2028 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the June 2028 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the June 2028 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the June 2028 Notes. If the Company fails to satisfy its registration obligations under the June 2028 Registration Rights Agreement, it will be required to pay additional interest to the holders of the June 2028 Notes.

The June 2028 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2028

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)

Notes. The June 2028 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior to the June 2028 Notes. The June 2028 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The June 2028 Notes will rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The June 2028 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2028 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the June 2028 Indenture.

In addition, if a change of control repurchase event, as defined in the Indenture, occurs prior to maturity, holders of the June 2028 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the June 2028 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2028 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

Note 7. Commitments and Contingencies

Portfolio Company Commitments

From time to time, the Company may enter into commitments to fund investments. ~~As of September 30, 2022 and December 31, 2021, the~~The Company had the following outstanding commitments to fund investments in current portfolio ~~companies:~~companies as of the following periods:


Portfolio Company	Portfolio Company	Investment	September 30, 2022		December 31, 2021		Portfolio Company	Investment	June 30, 2023		December 31, 2022
($ in thousands)	($ in thousands)						($ in thousands)
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC							AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	LLC Interest	$	38,884	$	45,000
AAM Series 2.1 Aviation Feeder, LLC							AAM Series 2.1 Aviation Feeder, LLC	LLC Interest	26,056		43,432
ABB/Con-cise Optical Group LLC	ABB/Con-cise Optical Group LLC	First lien senior secured revolving loan	$	259	$	—	ABB/Con-cise Optical Group LLC	First lien senior secured revolving loan	—		186
ACR Group Borrower, LLC	ACR Group Borrower, LLC	First lien senior secured revolving loan	511		875		ACR Group Borrower, LLC	First lien senior secured revolving loan	245		537
Alera Group, Inc.		First lien senior secured delayed draw term loan	—		47,273
Alera Group, Inc.		First lien senior secured delayed draw term loan	11,435		—
AmeriLife Holdings LLC	AmeriLife Holdings LLC	First lien senior secured revolving loan	16,274		—		AmeriLife Holdings LLC	First lien senior secured revolving loan	13,561		16,273
AmeriLife Holdings LLC	AmeriLife Holdings LLC	First lien senior secured delayed draw term loan	32,546		—		AmeriLife Holdings LLC	First lien senior secured delayed draw term loan	10,848		10,849
AAM Series 2.1 Aviation Feeder, LLC		LLC Interest	43,633		—
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC		LLC Interest	45,000
Anaplan, Inc.	Anaplan, Inc.	First lien senior secured revolving loan	16,528		—		Anaplan, Inc.	First lien senior secured revolving loan	16,528		16,528
Apex Group Treasury, LLC		Second lien senior secured delayed draw term loan	—		6,618
Apex Service Partners, LLC		First lien senior secured delayed draw term loan	15,117		—
Apex Service Partners, LLC	Apex Service Partners, LLC	First lien senior secured revolving loan	4,600		—		Apex Service Partners, LLC	First lien senior secured revolving loan	4,600		1,725
Appfire Technologies, LLC	Appfire Technologies, LLC	First lien senior secured delayed draw term loan	18,368		—		Appfire Technologies, LLC	First lien senior secured revolving loan	1,633		1,539
Appfire Technologies, LLC	Appfire Technologies, LLC	First lien senior secured revolving loan	1,501		—		Appfire Technologies, LLC	First lien senior secured delayed draw term loan	14,326		16,366
Aramsco, Inc.							Aramsco, Inc.	First lien senior secured revolving loan	3,584		—
Aramsco, Inc.							Aramsco, Inc.	First lien senior secured delayed draw term loan	1,299		—
Armstrong Bidco Ltd. (dba The Access Group)	Armstrong Bidco Ltd. (dba The Access Group)	First lien senior secured delayed draw term loan	10,376		—		Armstrong Bidco Ltd. (dba The Access Group)	First lien senior secured delayed draw term loan	2,142		3,734
Ascend Buyer, LLC (dba PPC Flexible Packaging)	Ascend Buyer, LLC (dba PPC Flexible Packaging)	First lien senior secured revolving loan	4,425		4,255		Ascend Buyer, LLC (dba PPC Flexible Packaging)	First lien senior secured revolving loan	5,106		5,106
Associations, Inc.	Associations, Inc.	First lien senior secured revolving loan	4,829		4,829		Associations, Inc.	First lien senior secured revolving loan	4,829		4,829
Associations, Inc.	Associations, Inc.	First lien senior secured delayed draw term loan	57,236		—		Associations, Inc.	First lien senior secured delayed draw term loan	21,350		56,283
Athenahealth Group Inc.		First lien senior secured delayed draw term loan	5,797		—
AxiomSL Group, Inc.		First lien senior secured revolving loan	2,591		2,591
AxiomSL Group, Inc.		First lien senior secured delayed draw term loan	2,145		2,145
Bayshore Intermediate #2, L.P. (dba Boomi)		First lien senior secured revolving loan	1,593		1,593
BCPE Osprey Buyer, Inc. (dba PartsSource)		First lien senior secured delayed draw term loan	31,035		31,034
BCPE Osprey Buyer, Inc. (dba PartsSource)		First lien senior secured revolving loan	4,655		4,655

6996

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)

Portfolio Company Investment September 30, 2022 December 31, 2021
BCTO BSI Buyer, Inc. (dba Buildertrend) First lien senior secured revolving loan 161 47
Brightway Holdings, LLC First lien senior secured revolving loan 2,105 2,105
BW Holding, Inc. First lien senior secured delayed draw term loan — 4,184
Canadian Hospital Specialties Ltd. First lien senior secured delayed draw term loan 628 939
Canadian Hospital Specialties Ltd. First lien senior secured revolving loan 95 388
CFS Brands, LLC First lien senior secured delayed draw term loan 11,344 —
Chapford SMA Partnership, L.P. LP Interest 8,575 —
CivicPlus, LLC First lien senior secured delayed draw term loan — 4,400
CivicPlus, LLC First lien senior secured revolving loan 2,244 880
Community Brands ParentCo, LLC First lien senior secured delayed draw term loan 3,750 —
Community Brands ParentCo, LLC First lien senior secured revolving loan 1,875 —
CoreTrust Purchasing Group LLC First lien senior secured delayed draw term loan 14,183 —
CoreTrust Purchasing Group LLC First lien senior secured revolving loan 14,183 —
Denali BuyerCo, LLC (dba Summit Companies) First lien senior secured delayed draw term loan 13,317 20,519
Denali BuyerCo, LLC (dba Summit Companies) First lien senior secured revolving loan 9,963 7,407
Dermatology Intermediate Holdings III, Inc First lien senior secured delayed draw term loan 2,497 —
Diamondback Acquisition, Inc. (dba Sphera) First lien senior secured delayed draw term loan 9,553 9,553
Dodge Data & Analytics LLC First lien senior secured revolving loan — 125
EET Buyer, Inc. (dba e-Emphasys) First lien senior secured revolving loan 1,955 1,955
Entertainment Benefits Group, LLC First lien senior secured revolving loan 11,600 —
Evolution BuyerCo, Inc. (dba SIAA) First lien senior secured delayed draw term loan 6,930 10,605
Evolution BuyerCo, Inc. (dba SIAA) First lien senior secured revolving loan 676 676
Fortis Solutions Group, LLC First lien senior secured delayed draw term loan 2,260 19,678
Fortis Solutions Group, LLC First lien senior secured revolving loan 6,297 6,747
Fullsteam Operations, LLC First lien senior secured delayed draw term loan 54,857 —
Gaylord Chemical Company, L.L.C. First lien senior secured revolving loan 791 791
Gaylord Chemical Company, L.L.C. First lien senior secured revolving loan 3,182 3,182
GI Ranger Intermediate, LLC (dba Rectangle Health) First lien senior secured delayed draw term loan — 2,789
GI Ranger Intermediate, LLC (dba Rectangle Health) First lien senior secured delayed draw term loan 10,000 —


Portfolio Company	Investment	June 30, 2023	December 31, 2022
Athenahealth Group Inc.	First lien senior secured delayed draw term loan	3,631	3,631
Avalara, Inc.	First lien senior secured revolving loan	7,045	7,045
Adenza Group, Inc.	First lien senior secured delayed draw term loan	2,145	2,145
Adenza Group, Inc.	First lien senior secured revolving loan	2,591	2,591
Bayshore Intermediate #2, L.P. (dba Boomi)	First lien senior secured revolving loan	1,274	1,062
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured delayed draw term loan	31,034	31,034
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured revolving loan	2,897	4,655
BCTO BSI Buyer, Inc. (dba Buildertrend)	First lien senior secured revolving loan	161	161
BELMONT BUYER, INC. (dba Valenz)	First lien senior secured delayed draw term loan	13,300	—
BELMONT BUYER, INC. (dba Valenz)	First lien senior secured revolving loan	5,925	—
Brightway Holdings, LLC	First lien senior secured revolving loan	1,053	2,105
BTRS Holdings Inc. (dba Billtrust)	First lien senior secured delayed draw term loan	697	917
BTRS Holdings Inc. (dba Billtrust)	First lien senior secured revolving loan	752	1,157
Canadian Hospital Specialties Ltd.	First lien senior secured delayed draw term loan	—	637
Canadian Hospital Specialties Ltd.	First lien senior secured revolving loan	179	248
CivicPlus, LLC	First lien senior secured revolving loan	1,840	2,245
Community Brands ParentCo, LLC	First lien senior secured delayed draw term loan	3,750	3,750
Community Brands ParentCo, LLC	First lien senior secured revolving loan	1,875	1,875
CoolSys, Inc.	First lien senior secured delayed draw term loan	770	—
CoreTrust Purchasing Group LLC	First lien senior secured delayed draw term loan	14,183	14,183
CoreTrust Purchasing Group LLC	First lien senior secured revolving loan	14,183	14,183
Coupa Holdings, LLC	First lien senior secured revolving loan	1,664	—
Coupa Holdings, LLC	First lien senior secured delayed draw term loan	2,174	—
Denali BuyerCo, LLC (dba Summit Companies)	First lien senior secured delayed draw term loan	—	5,712
Denali BuyerCo, LLC (dba Summit Companies)	First lien senior secured revolving loan	9,963	9,963
Dermatology Intermediate Holdings III, Inc.	First lien senior secured delayed draw term loan	52	278
Diamondback Acquisition, Inc. (dba Sphera)	First lien senior secured delayed draw term loan	9,553	9,553
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)	First lien senior secured revolving loan	91	—
Douglas Products and Packaging Company LLC	First lien senior secured revolving loan	2,880	3,199

7097

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)

Portfolio Company Investment September 30, 2022 December 31, 2021
GI Ranger Intermediate, LLC (dba Rectangle Health) First lien senior secured revolving loan 1,506 1,673
Global Music Rights, LLC First lien senior secured revolving loan 7,500 7,500
GovBrands Intermediate, Inc. First lien senior secured delayed draw term loan 870 870
GovBrands Intermediate, Inc. First lien senior secured revolving loan 636 881
Granicus, Inc. First lien senior secured revolving loan 161 161
Granicus, Inc. First lien senior secured delayed draw term loan 136 136
Grayshift, LLC First lien senior secured revolving loan 2,419 —
GS Acquisitionco, Inc. (dba insightsoftware) First lien senior secured delayed draw term loan 2,180 5,081
Guidehouse Inc. First lien senior secured revolving loan — 7,018
Hercules Borrower, LLC (dba The Vincit Group) First lien senior secured revolving loan 85 96
Hercules Borrower, LLC (dba The Vincit Group) First lien senior secured delayed draw term loan 11,002 20,239
Hissho Sushi Merger Sub LLC First lien senior secured revolving loan 8,162 —
Ideal Image Development, LLC First lien senior secured delayed draw term loan 732 —
Ideal Image Development, LLC First lien senior secured revolving loan 915 —
IG Investments Holdings, LLC (dba Insight Global) First lien senior secured revolving loan 3,613 1,806
IMO Investor Holdings, Inc. First lien senior secured delayed draw term loan 4,963 —
IMO Investor Holdings, Inc. First lien senior secured revolving loan 2,184 —
Indigo Buyer, Inc. (dba Inovar Packaging Group) First lien senior secured delayed draw term loan 31,750 —
Indigo Buyer, Inc. (dba Inovar Packaging Group) First lien senior secured revolving loan 10,583 —
Individual Foodservice Holdings, LLC First lien senior secured delayed draw term loan 22,995 —
Individual Foodservice Holdings, LLC First lien senior secured delayed draw term loan — 14,861
Individual Foodservice Holdings, LLC First lien senior secured delayed draw term loan — 29
Individual Foodservice Holdings, LLC First lien senior secured revolving loan 83 80
Inovalon Holdings, Inc. First lien senior secured delayed draw term loan 8,469 8,469
Intelerad Medical Systems Inc. First lien senior secured revolving loan 401 401
Interoperability Bidco, Inc. (dba Lyniate) First lien senior secured revolving loan 3,478 —
Kaseya Inc. First lien senior secured delayed draw term loan 4,342 —
Kaseya Inc. First lien senior secured revolving loan 4,342 —


Portfolio Company	Investment	June 30, 2023	December 31, 2022
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured revolving loan	3,387	1,955
Entertainment Benefits Group, LLC	First lien senior secured revolving loan	9,667	3,867
EOS U.S. Finco LLC	First lien senior secured loan	10,112	—
Evolution BuyerCo, Inc. (dba SIAA)	First lien senior secured delayed draw term loan	200	200
Evolution BuyerCo, Inc. (dba SIAA)	First lien senior secured revolving loan	676	676
Formerra, LLC	First lien senior secured delayed draw term loan	54	211
Formerra, LLC	First lien senior secured revolving loan	479	526
Fortis Solutions Group, LLC	First lien senior secured delayed draw term loan	—	191
Fortis Solutions Group, LLC	First lien senior secured revolving loan	5,847	5,848
Fullsteam Operations, LLC	First lien senior secured loan	—	31,894
Gaylord Chemical Company, L.L.C.	First lien senior secured revolving loan	3,182	3,182
Gaylord Chemical Company, L.L.C.	First lien senior secured revolving loan	791	791
GI Apple Midco LLC	First lien senior secured revolving loan	7,916	—
GI Apple Midco LLC	First lien senior secured delayed draw term loan	15,831	—
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured delayed draw term loan	7,600	7,600
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured revolving loan	1,004	1,506
Global Music Rights, LLC	First lien senior secured revolving loan	7,500	7,500
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured delayed draw term loan	870	870
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured revolving loan	88	88
Granicus, Inc.	First lien senior secured revolving loan	111	107
Grayshift, LLC	First lien senior secured revolving loan	2,419	2,419
Hercules Borrower, LLC (dba The Vincit Group)	First lien senior secured revolving loan	85	86
Hercules Borrower, LLC (dba The Vincit Group)	First lien senior secured delayed draw term loan	7,059	9,811
Hissho Sushi Merger Sub LLC	First lien senior secured revolving loan	8,162	6,996
Home Service TopCo IV, Inc.	First lien senior secured revolving loan	3,359	—
Home Service TopCo IV, Inc.	First lien senior secured delayed draw term loan	8,397	—
Hyperion Refinance S.a.r.l (dba Howden Group)	First lien senior secured delayed draw term loan	—	92,823
Ideal Image Development, LLC	First lien senior secured delayed draw term loan	—	732
Ideal Image Development, LLC	First lien senior secured revolving loan	—	915

7198

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)


Portfolio Company	Portfolio Company	Investment	September 30, 2022	December 31, 2021	Portfolio Company	Investment	June 30, 2023	December 31, 2022
Ideal Tridon Holdings, Inc.					Ideal Tridon Holdings, Inc.	First lien senior secured revolving loan	6,164	—
IG Investments Holdings, LLC (dba Insight Global)					IG Investments Holdings, LLC (dba Insight Global)	First lien senior secured revolving loan	3,613	2,168
IMO Investor Holdings, Inc.					IMO Investor Holdings, Inc.	First lien senior secured delayed draw term loan	3,623	4,963
IMO Investor Holdings, Inc.					IMO Investor Holdings, Inc.	First lien senior secured revolving loan	2,482	2,010
Indigo Buyer, Inc. (dba Inovar Packaging Group)					Indigo Buyer, Inc. (dba Inovar Packaging Group)	First lien senior secured delayed draw term loan	—	31,750
Indigo Buyer, Inc. (dba Inovar Packaging Group)					Indigo Buyer, Inc. (dba Inovar Packaging Group)	First lien senior secured revolving loan	10,583	10,583
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)					BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)	First lien senior secured revolving loan	74	83
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)					BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)	First lien senior secured delayed draw term loan	—	18,414
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)					BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)	First lien senior secured delayed draw term loan	6,999	8,048
Intelerad Medical Systems Inc.					Intelerad Medical Systems Inc.	First lien senior secured revolving loan	1,150	1
Interoperability Bidco, Inc. (dba Lyniate)					Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured revolving loan	4,213	1,739
Kaseya Inc.					Kaseya Inc.	First lien senior secured delayed draw term loan	4,077	4,342
Kaseya Inc.					Kaseya Inc.	First lien senior secured revolving loan	3,256	4,342
KBP Brands, LLC	KBP Brands, LLC	First lien senior secured delayed draw term loan	3,416	—	KBP Brands, LLC	First lien senior secured delayed draw term loan	743	743
KPSKY Acquisition, Inc. (dba BluSky)		First lien senior secured delayed draw term loan	16,625	—
KPSKY Acquisition, Inc. (dba BluSky)	KPSKY Acquisition, Inc. (dba BluSky)	First lien senior secured delayed draw term loan	—	4,372	KPSKY Acquisition, Inc. (dba BluSky)	First lien senior secured delayed draw term loan	8,550	16,625
KWOR Acquisition, Inc. (dba Alacrity Solutions)	KWOR Acquisition, Inc. (dba Alacrity Solutions)	First lien senior secured delayed draw term loan	8,748	—	KWOR Acquisition, Inc. (dba Alacrity Solutions)	First lien senior secured revolving loan	1,537	3,415
KWOR Acquisition, Inc. (dba Alacrity Solutions)	KWOR Acquisition, Inc. (dba Alacrity Solutions)	First lien senior secured revolving loan	2,424	3,073	KWOR Acquisition, Inc. (dba Alacrity Solutions)	First lien senior secured delayed draw term loan	6,792	8,748
Lightbeam Bidco, Inc.					Lightbeam Bidco, Inc.	First lien senior secured revolving loan	11,685	—
Lightbeam Bidco, Inc.					Lightbeam Bidco, Inc.	First lien senior secured delayed draw term loan	14,606	—
Lignetics Investment Corp.	Lignetics Investment Corp.	First lien senior secured delayed draw term loan	9,559	9,559	Lignetics Investment Corp.	First lien senior secured delayed draw term loan	—	9,559
Lignetics Investment Corp.	Lignetics Investment Corp.	First lien senior secured revolving loan	1,338	9,559	Lignetics Investment Corp.	First lien senior secured revolving loan	382	4,588
ManTech International Corporation	ManTech International Corporation	First lien senior secured delayed draw term loan	3,360	—	ManTech International Corporation	First lien senior secured delayed draw term loan	3,360	3,360
ManTech International Corporation	ManTech International Corporation	First lien senior secured revolving loan	1,524	—	ManTech International Corporation	First lien senior secured revolving loan	1,806	1,806
Mario Purchaser, LLC (dba Len the Plumber)	Mario Purchaser, LLC (dba Len the Plumber)	First lien senior secured delayed draw term loan	28,401	—	Mario Purchaser, LLC (dba Len the Plumber)	First lien senior secured delayed draw term loan	21,702	28,401
Mario Purchaser, LLC (dba Len the Plumber)	Mario Purchaser, LLC (dba Len the Plumber)	First lien senior secured revolving loan	8,038	—	Mario Purchaser, LLC (dba Len the Plumber)	First lien senior secured revolving loan	8,038	8,038
Medline Borrower, LP	Medline Borrower, LP	First lien senior secured revolving loan	2,020	2,020	Medline Borrower, LP	First lien senior secured revolving loan	2,020	2,020
MHE Intermediate Holdings, LLC (dba OnPoint Group)	MHE Intermediate Holdings, LLC (dba OnPoint Group)	First lien senior secured delayed draw term loan	—	2,264	MHE Intermediate Holdings, LLC (dba OnPoint Group)	First lien senior secured revolving loan	2,643	3,071
MHE Intermediate Holdings, LLC (dba OnPoint Group)		First lien senior secured revolving loan	3,571	3,571
Milan Laser Holdings LLC	Milan Laser Holdings LLC	First lien senior secured revolving loan	1,765	1,765	Milan Laser Holdings LLC	First lien senior secured revolving loan	1,765	1,765
Ministry Brands Holdings, LLC.	Ministry Brands Holdings, LLC.	First lien senior secured delayed draw term loan	15,819	15,819	Ministry Brands Holdings, LLC.	First lien senior secured delayed draw term loan	13,822	15,819
Ministry Brands Holdings, LLC.		First lien senior secured revolving loan	4,746	4,746
Mitnick Corporate Purchaser, Inc.		First lien senior secured revolving loan	9,375	—
Natural Partners, LLC		First lien senior secured revolving loan	5,063	—
NMI Acquisitionco, Inc. (dba Network Merchants)		First lien senior secured revolving loan	558	558
NMI Acquisitionco, Inc. (dba Network Merchants)		First lien senior secured delayed draw term loan	1,375	1,375
Notorious Topco, LLC (dba Beauty Industry Group)		First lien senior secured delayed draw term loan	3,521	8,803
Notorious Topco, LLC (dba Beauty Industry Group)		First lien senior secured revolving loan	5,282	4,401
OAC Holdings I Corp. (dba Omega Holdings)		First lien senior secured revolving loan	1,507	—
OB Hospitalist Group, Inc.		First lien senior secured revolving loan	6,394	7,140
Ole Smoky Distillery, LLC		First lien senior secured revolving loan	3,302	—
Pacific BidCo Inc.		First lien senior secured delayed draw term loan	17,905	—
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)		First lien senior secured revolving loan	88	88

7299

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)

Portfolio Company Investment September 30, 2022 December 31, 2021
Pediatric Associates Holding Company, LLC First lien senior secured delayed draw term loan 1,776 —
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) First lien senior secured delayed draw term loan 15,995 —
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) First lien senior secured delayed draw term loan — 3,627
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services) First lien senior secured revolving loan 2,570 2,570
Plasma Buyer LLC (dba Pathgroup) First lien senior secured delayed draw term loan 28,553 —
Plasma Buyer LLC (dba Pathgroup) First lien senior secured revolving loan 12,237 —
Pluralsight, LLC First lien senior secured revolving loan 392 392
PPV Intermediate Holdings, LLC First lien senior secured revolving loan 11,854 —
PPV Intermediate Holdings, LLC First lien senior secured delayed draw term loan 31,569 —
QAD Inc. First lien senior secured revolving loan 6,000 6,000
Quva Pharma, Inc. First lien senior secured revolving loan 255 455
Refresh Parent Holdings, Inc. First lien senior secured delayed draw term loan — 11
Refresh Parent Holdings, Inc. First lien senior secured delayed draw term loan — 10,667
Refresh Parent Holdings, Inc. First lien senior secured revolving loan — 92
Relativity ODA LLC First lien senior secured revolving loan 435 435
Sailpoint Technologies Holdings, Inc. First lien senior secured revolving loan 5,718 —
Securonix, Inc. First lien senior secured revolving loan 5,339 —
Simplisafe Holding Corporation First lien senior secured delayed draw term loan 16,049 —
Smarsh Inc. First lien senior secured delayed draw term loan 20,762 —
Smarsh Inc. First lien senior secured revolving loan 5,190 —
Southern Air & Heat Holdings, LLC First lien senior secured delayed draw term loan 799 1,052
Southern Air & Heat Holdings, LLC First lien senior secured revolving loan 203 282
Sovos Compliance, LLC First lien senior secured delayed draw term loan — 1,104
Spotless Brands, LLC First lien senior secured delayed draw term loan 2,630 —
Spotless Brands, LLC First lien senior secured delayed draw term loan 3,683 —
Spotless Brands, LLC First lien senior secured revolving loan 403 —
SWK BUYER, Inc. (dba Stonewall Kitchen) First lien senior secured revolving loan 825 —
SWK BUYER, Inc. (dba Stonewall Kitchen) First lien senior secured revolving loan 569 —


Portfolio Company	Investment	June 30, 2023	December 31, 2022
Ministry Brands Holdings, LLC.	First lien senior secured revolving loan	3,006	2,373
Mitnick Corporate Purchaser, Inc.	First lien senior secured revolving loan	6,875	8,713
Natural Partners, LLC	First lien senior secured revolving loan	5,063	5,063
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured delayed draw term loan	1,039	1,039
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured revolving loan	558	558
Notorious Topco, LLC (dba Beauty Industry Group)	First lien senior secured delayed draw term loan	3,521	3,521
Notorious Topco, LLC (dba Beauty Industry Group)	First lien senior secured revolving loan	4,930	4,401
OAC Holdings I Corp. (dba Omega Holdings)	First lien senior secured revolving loan	735	1,139
OB Hospitalist Group, Inc.	First lien senior secured revolving loan	4,476	5,222
Ocala Bidco, Inc.	First lien senior secured delayed draw term loan	8,469	8,469
Ole Smoky Distillery, LLC	First lien senior secured revolving loan	3,302	3,302
OneOncology LLC	First lien senior secured revolving loan	14,269	—
OneOncology LLC	First lien senior secured delayed draw term loan	26,754	—
Oranje Holdco, Inc. (dba KnowBe4)	First lien senior secured revolving loan	10,148	—
Pacific BidCo Inc.	First lien senior secured delayed draw term loan	17,905	17,906
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)	First lien senior secured revolving loan	88	70
PCF Holdco, LLC (dba PCF Insurance Services)	Series A Preferred Units	6,798	—
Pediatric Associates Holding Company, LLC	First lien senior secured delayed draw term loan	533	1,776
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)	First lien senior secured delayed draw term loan	—	8,891
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)	First lien senior secured revolving loan	2,570	2,570
Ping Identity Holding Corp.	First lien senior secured revolving loan	2,182	2,182
Plasma Buyer LLC (dba Pathgroup)	First lien senior secured delayed draw term loan	28,553	28,553
Plasma Buyer LLC (dba Pathgroup)	First lien senior secured revolving loan	12,237	12,237
Pluralsight, LLC	First lien senior secured revolving loan	196	196
PPV Intermediate Holdings, LLC	First lien senior secured revolving loan	11,854	8,653
PPV Intermediate Holdings, LLC	First lien senior secured delayed draw term loan	—	19,248
QAD Inc.	First lien senior secured revolving loan	6,000	6,000
Quva Pharma, Inc.	First lien senior secured revolving loan	245	236
Relativity ODA LLC	First lien senior secured revolving loan	435	435

73100

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)


Portfolio Company	Portfolio Company	Investment	September 30, 2022		December 31, 2021		Portfolio Company	Investment	June 30, 2023	December 31, 2022
Sailpoint Technologies Holdings, Inc.							Sailpoint Technologies Holdings, Inc.	First lien senior secured revolving loan	5,718	5,718
Securonix, Inc.							Securonix, Inc.	First lien senior secured revolving loan	5,339	5,339
Sensor Technology Topco, Inc.							Sensor Technology Topco, Inc.	First lien senior secured revolving loan	20,562	—
Simplisafe Holding Corporation							Simplisafe Holding Corporation	First lien senior secured delayed draw term loan	16,049	16,049
Smarsh Inc.							Smarsh Inc.	First lien senior secured delayed draw term loan	10,381	10,381
Smarsh Inc.							Smarsh Inc.	First lien senior secured revolving loan	830	5,190
Sonny's Enterprises, LLC							Sonny's Enterprises, LLC	First lien senior secured revolving loan	26,018	—
Sonny's Enterprises, LLC							Sonny's Enterprises, LLC	First lien senior secured delayed draw term loan	27,525	—
Southern Air & Heat Holdings, LLC							Southern Air & Heat Holdings, LLC	First lien senior secured delayed draw term loan	—	315
Southern Air & Heat Holdings, LLC							Southern Air & Heat Holdings, LLC	First lien senior secured revolving loan	203	203
Spotless Brands, LLC							Spotless Brands, LLC	First lien senior secured revolving loan	1,461	1,461
Summit Acquisition Inc.							Summit Acquisition Inc.	First lien senior secured delayed draw term loan	12,267	—
Summit Acquisition Inc.							Summit Acquisition Inc.	First lien senior secured revolving loan	6,133	—
SWK BUYER, Inc. (dba Stonewall Kitchen)							SWK BUYER, Inc. (dba Stonewall Kitchen)	First lien senior secured revolving loan	418	3,626
SWK BUYER, Inc. (dba Stonewall Kitchen)	SWK BUYER, Inc. (dba Stonewall Kitchen)	First lien senior secured delayed draw term loan	13,947		—		SWK BUYER, Inc. (dba Stonewall Kitchen)	First lien senior secured delayed draw term loan	—	13,947
Tahoe Finco, LLC	Tahoe Finco, LLC	First lien senior secured revolving loan	6,279		6,279		Tahoe Finco, LLC	First lien senior secured revolving loan	6,279	6,279
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	5,336		—		Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	4,455	4,388
TC Holdings, LLC (dba TrialCard)	TC Holdings, LLC (dba TrialCard)	First lien senior secured revolving loan	7,768		—		TC Holdings, LLC (dba TrialCard)	First lien senior secured revolving loan	7,768	7,768
Tempo Buyer Corp. (dba Global Claims Services)	Tempo Buyer Corp. (dba Global Claims Services)	First lien senior secured delayed draw term loan	10,317		10,317		Tempo Buyer Corp. (dba Global Claims Services)	First lien senior secured delayed draw term loan	10,317	10,317
Tempo Buyer Corp. (dba Global Claims Services)	Tempo Buyer Corp. (dba Global Claims Services)	First lien senior secured revolving loan	4,849		5,159		Tempo Buyer Corp. (dba Global Claims Services)	First lien senior secured revolving loan	3,198	4,746
The NPD Group, L.P.		First lien senior secured revolving loan	14,267		—
Circana Group, L.P. (fka The NPD Group, L.P.)							Circana Group, L.P. (fka The NPD Group, L.P.)	First lien senior secured revolving loan	13,126	12,555
The Shade Store, LLC	The Shade Store, LLC	First lien senior secured revolving loan	6,818		6,818		The Shade Store, LLC	First lien senior secured revolving loan	3,273	4,909
Thunder Purchaser, Inc. (dba Vector Solutions)	Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	470		714		Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	112	470
Thunder Purchaser, Inc. (dba Vector Solutions)	Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured delayed draw term loan	1,306		2,041		Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured delayed draw term loan	1,306	1,306
Troon Golf, L.L.C.	Troon Golf, L.L.C.	First lien senior secured delayed draw term loan	10,000		—		Troon Golf, L.L.C.	First lien senior secured delayed draw term loan	—	10,000
Troon Golf, L.L.C.	Troon Golf, L.L.C.	First lien senior secured revolving loan	7,207		7,207		Troon Golf, L.L.C.	First lien senior secured revolving loan	7,207	7,207
Ultimate Baked Goods Midco, LLC	Ultimate Baked Goods Midco, LLC	First lien senior secured revolving loan	600		950		Ultimate Baked Goods Midco, LLC	First lien senior secured revolving loan	2,000	1,475
Unified Women's Healthcare, LP	Unified Women's Healthcare, LP	First lien senior secured delayed draw term loan	5,075		—		Unified Women's Healthcare, LP	First lien senior secured delayed draw term loan	338	3,045
Unified Women's Healthcare, LP	Unified Women's Healthcare, LP	First lien senior secured revolving loan	8,120		—		Unified Women's Healthcare, LP	First lien senior secured revolving loan	8,120	8,120
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)		First lien senior secured revolving loan	1,096		1,078
Velocity HoldCo III Inc. (dba VelocityEHS)		First lien senior secured revolving loan	142		142
When I Work, Inc.		First lien senior secured revolving loan	4,164		4,164
Total Unfunded Portfolio Company Commitments			$	1,104,273	$	422,808

101

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)


Portfolio Company	Investment	June 30, 2023		December 31, 2022
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)	First lien senior secured revolving loan	1,096		1,096
Velocity HoldCo III Inc. (dba VelocityEHS)	First lien senior secured revolving loan	47		113
Walker Edison Furniture Company LLC	First lien senior secured delayed draw term loan	267		—
When I Work, Inc.	First lien senior secured revolving loan	4,164		4,164
Zendesk, Inc.	First lien senior secured delayed draw term loan	30,080		30,080
Zendesk, Inc.	First lien senior secured revolving loan	12,386		12,386
Total Unfunded Portfolio Company Commitments		$	982,318	$	1,067,317

As of ~~September~~June 30, ~~2022,~~2023, the Company believed it had adequate financial resources to satisfy the unfunded portfolio company commitments.

Organizational and Offering Costs

The Adviser has incurred organization and offering costs on behalf of the Company in the amount of ~~$2.8~~$2.0 million for the period from April 22, 2020 (Inception) to ~~September~~June 30, ~~2022,~~2023, of which ~~$2.8~~$2.0 million has been charged to the Company pursuant to the Investment Advisory Agreement. Under the Investment Advisory Agreement and Administration Agreement, the Adviser is entitled to receive up to 1.5% of gross offering proceeds raised in the Company’s continuous public offering until all organization and offering costs paid by the Adviser have been recovered. The Adviser is responsible for the payment of the Company’s organization and offering expenses to the extent that these expenses exceed 1.5% of the aggregate gross offering proceeds, without recourse against or reimbursement by the Company.

The Adviser has incurred organization and offering costs on behalf of the Company in the amount of $2.7 million for the period from April 22, 2020 (Inception) to December 31, 2021, of which $2.7 million has been charged to the Company pursuant to the Investment Advisory Agreement. See Note 3 "Agreements and Related Party Transactions – Investment Advisory Agreement."

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

Other Commitments and Contingencies

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of ~~September~~June 30, ~~2022,~~2023, management was not aware of any pending or threatened litigation.

Note 8. Net Assets

Authorized Capital and Share Class Description

In connection with its formation, the Company has the authority to issue the following shares:


Classification	Number of Shares (in thousands)	Par Value
Class S Shares	1,000,000	$	0.01
Class D Shares	1,000,000	$	0.01
Class I Shares	1,000,000	$	0.01
Total	3,000,000

The Company’s Class S shares are subject to upfront selling commissions of up to 3.50% of the offering price. Pursuant to a distribution plan adopted by the Company in compliance with Rules 12b-1 and 17d-3 under the 1940 Act, as if those rules applied to the Company, the Company’s Class S shares are subject to annual ongoing services fees of 0.85% of the current net asset value of such shares, as determined in accordance with FINRA rules.

The Company’s Class D shares are subject to upfront selling commissions of up to 1.50% of the offering price. Pursuant to a distribution plan adopted by the Company in compliance with Rules 12b-1 and 17d-3 under the 1940 act, as if those rules applied to the Company, the Company’s Class D shares are subject to annual ongoing services fees of 0.25% of the current net asset value of such shares, as determined in accordance with FINRA rules.

102

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

The Company’s Class I shares are not subject to upfront selling commissions. The Company’s Class I shares are not subject to annual ongoing servicing fees.

Share Issuances

On September 30, 2020, the Company issued 100 Class I common shares for $1,000 to the Adviser.

On November 12, 2020, the Company issued 700,000 Class I common shares for $7.0 million to Feeder FIC Equity, an entity affiliated with the Adviser, and met the minimum offering requirement for the Company's continuous public offering of $2.5 million.

The following table summarizes transactions with respect to shares of the Company’s common stock during the ~~three months ended September 30, 2022 and 2021:~~following periods:


	For the Three Months Ended June 30, 2023
	Class S			Class D			Class I			Total
($ in thousands, except share amounts)	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Shares/gross proceeds from the continuous public offering	28,126,207	$	260,864	6,060,965	$	55,934	48,327,199	$	446,097	82,514,371	$	762,895
Shares/gross proceeds from the private placements	—	—		—	—		2,815,812	25,996		2,815,812	25,996
Share Transfers between classes	(230,952)	(2,127)		—	—		230,202	2,127		(750)	—
Reinvestment of distributions	1,950,230	17,943		619,803	5,709		3,621,469	33,427		6,191,502	57,079
Repurchased shares	(1,763,641)	(16,367)		(1,486,423)	(13,809)		(4,948,651)	(46,071)		(8,198,715)	(76,247)
Total shares/gross proceeds	28,081,844	260,313		5,194,345	47,834		50,046,031	461,576		83,322,220	769,723
Sales load	—	(2,140)		—	(95)		—	—		—	(2,235)
Total shares/net proceeds	28,081,844	$	258,173	5,194,345	$	47,739	50,046,031	$	461,576	83,322,220	$	767,488


	For the Three Months Ended June 30, 2022
	Class S			Class D			Class I			Total
($ in thousands, except share amounts)	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Shares/gross proceeds from the continuous public offering	45,473,732	$	420,307	7,913,719	$	72,860	80,385,794	$	739,398	133,773,245	$	1,232,565
Shares/gross proceeds from the private placements	—	—		—	—		4,402,193	40,509		4,402,193	40,509
Reinvestment of distributions	684,558	6,264		261,628	2,400		1,167,560	10,708		2,113,746	19,372
Repurchased shares	(946,284)	(8,365)		(125,276)	(1,110)		(2,073,617)	(18,414)		(3,145,177)	(27,889)
Total shares/gross proceeds	45,212,006	418,206		8,050,071	74,150		83,881,930	772,201		137,144,007	1,264,557
Sales load	—	(3,423)		—	(114)		—	—		—	(3,537)
Total shares/net proceeds	45,212,006	$	414,783	8,050,071	$	74,036	83,881,930	$	772,201	137,144,007	$	1,261,020

75103

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)


		For the Three Months Ended September 30, 2022													For the Six Months Ended June 30, 2023
		Class S			Class D			Class I			Total				Class S			Class D			Class I			Total
($ in thousands, except share amounts)	($ in thousands, except share amounts)	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount		($ in thousands, except share amounts)	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Shares/gross proceeds from the continuous public offering	Shares/gross proceeds from the continuous public offering	25,525,944	$	231,220	5,608,407	$	50,343	53,594,346	$	483,022	84,728,697	$	764,585	Shares/gross proceeds from the continuous public offering	45,655,179	$	423,196	11,076,668	$	102,158	86,857,659	$	800,065	143,589,506	$	1,325,419
Shares/gross proceeds from the private placements	Shares/gross proceeds from the private placements	—	—		—	—		3,573,813	32,219		3,573,813	32,219		Shares/gross proceeds from the private placements	—	—		—	—		4,341,148	40,036		4,341,148	40,036
Share Transfers between classes														Share Transfers between classes	(230,952)	(2,127)		—	—		230,202	2,127		(750)	—
Reinvestment of distributions	Reinvestment of distributions	1,037,935	9,333		339,854	3,060		1,922,051	17,350		3,299,840	29,743		Reinvestment of distributions	3,673,891	33,775		1,140,525	10,496		6,741,471	62,155		11,555,887	106,426
Repurchased shares	Repurchased shares	(975,399)	(8,769)		(125,759)	(1,132)		(3,660,100)	(32,978)		(4,761,258)	(42,878)		Repurchased shares	(4,113,635)	(38,010)		(1,860,989)	(17,262)		(12,310,493)	(114,095)		(18,285,116)	(169,367)
Total shares/gross proceeds	Total shares/gross proceeds	25,588,480	231,784		5,822,502	52,271		55,430,110	499,613		86,841,092	783,669		Total shares/gross proceeds	44,984,483	416,834		10,356,204	95,392		85,859,987	790,288		141,200,675	1,302,514
Sales load	Sales load	—	(2,215)		—	—		—	—		—	(2,215)		Sales load	—	(3,697)		—	(144)		—	—		—	(3,841)
Total shares/net proceeds	Total shares/net proceeds	25,588,480	$	229,569	5,822,502	$	52,271	55,430,110	$	499,613	86,841,092	$	781,454	Total shares/net proceeds	44,984,483	$	413,137	10,356,204	$	95,248	85,859,987	$	790,288	141,200,675	$	1,298,673


	For the Six Months Ended June 30, 2022
	Class S			Class D			Class I			Total
($ in thousands, except share amounts)	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Shares/gross proceeds from the continuous public offering	93,745,587	$	873,325	20,317,574	$	188,594	146,097,662	$	1,351,638	260,160,823	$	2,413,557
Shares/gross proceeds from the private placements	—	—		—	—		8,578,458	79,265		8,578,458	79,265
Reinvestment of distributions	1,074,628	9,894		418,701	3,861		1,799,245	16,593		3,292,574	30,348
Repurchased shares	(1,595,704)	(14,366)		(158,129)	(1,414)		(3,907,137)	(35,392)		(5,660,970)	(51,172)
Total shares/gross proceeds	93,224,511	868,853		20,578,146	191,041		152,568,228	1,412,104		266,370,885	2,471,998
Sales load	—	(7,073)		—	(446)		—	—		—	(7,519)
Total shares/net proceeds	93,224,511	$	861,780	20,578,146	$	190,595	152,568,228	$	1,412,104	266,370,885	$	2,464,479

For the Three Months Ended September 30, 2021
Class S Class D Class I Total
($ in thousands, except share amounts) Shares Amount Shares Amount Shares Amount Shares Amount
Shares/gross proceeds from the continuous public offering 14,647,167 $ 137,884 3,735,226 $ 34,766 26,527,911 $ 246,709 44,910,304 $ 419,359
Shares/gross proceeds from the private placements — — — — — — — —
Reinvestment of distributions 44,239 410 39,323 365 112,188 1,044 195,750 1,819
Repurchased shares — — (5,933) (55) (31,254) (291) (37,187) (346)
Total shares/gross proceeds 14,691,406 138,294 3,768,616 35,076 26,608,845 247,462 45,068,867 420,832
Sales load — (1,666) — (65) — — — (1,731)
Total shares/net proceeds 14,691,406 $ 136,628 3,768,616 $ 35,011 26,608,845 $ 247,462 45,068,867 $ 419,101

~~The following table summarizes transactions with respect to shares of the Company’s common stock during the nine months ended September 30, 2022 and 2021:~~

For the Nine Months Ended September 30, 2022
Class S Class D Class I Total
($ in thousands, except share amounts) Shares Amount Shares Amount Shares Amount Shares Amount
Shares/gross proceeds from the continuous public offering 119,271,531 $ 1,104,545 25,925,981 $ 238,937 199,692,008 $ 1,834,660 344,889,520 $ 3,178,142
Shares/gross proceeds from the private placements — — — — 12,152,271 111,484 12,152,271 111,484
Reinvestment of distributions 2,112,563 19,227 758,555 6,921 3,721,296 33,943 6,592,414 60,091
Repurchased shares (2,571,103) (23,135) (283,888) (2,546) (7,567,237) (68,370) (10,422,228) (94,051)
Total shares/gross proceeds 118,812,991 1,100,637 26,400,648 243,312 207,998,338 1,911,717 353,211,977 3,255,666
Sales load — (9,288) — (446) — — — (9,734)
Total shares/net proceeds 118,812,991 $ 1,091,349 26,400,648 $ 242,866 207,998,338 $ 1,911,717 353,211,977 $ 3,245,932

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

For the Nine months ended September 30, 2021
Class S Class D Class I Total
($ in thousands, except share amounts) Shares Amount Shares Amount Shares Amount Shares Amount
Shares/gross proceeds from the continuous public offering 17,515,705 $ 164,931 7,103,293 $ 65,958 41,510,484 $ 385,557 66,129,482 $ 616,446
Shares/gross proceeds from the private placements — — — — — — — —
Reinvestment of distributions 51,782 480 51,667 479 138,020 1,283 241,469 2,242
Repurchased shares — — (5,933) (55) (31,254) (291) (37,187) (346)
Total shares/gross proceeds 17,567,487 165,411 7,149,027 66,382 41,617,250 386,549 66,333,764 618,342
Sales load — (2,133) — (65) — — — (2,198)
Total shares/net proceeds 17,567,487 $ 163,278 7,149,027 $ 66,317 41,617,250 $ 386,549 66,333,764 $ 616,144

In accordance with the Company’s share pricing policy, the Company will modify its public offering prices to the extent necessary to comply with the requirements of the 1940 Act, including the requirement that it not sell shares at a net offering price below the net asset value per share unless the Company obtains the requisite approval from its shareholders.

The changes to the Company's offering price per share since the commencement of the Company's initial continuous public offering and associated effective dates of such changes were as follows:

Class S
Effective Date Net Offering Price (per share) Maximum Upfront Sales Load (per share) Maximum Offering Price (per share)
March 1, 2021 $ 9.26 $ 0.32 $ 9.58
April 1, 2021 $ 9.26 $ 0.32 $ 9.58
May 1, 2021 $ 9.26 $ 0.32 $ 9.58
June 1, 2021 $ 9.28 $ 0.32 $ 9.60
July 1, 2021 $ 9.30 $ 0.33 $ 9.63
August 1, 2021 $ 9.30 $ 0.33 $ 9.63
September 1, 2021 $ 9.30 $ 0.33 $ 9.63
October 1, 2021 $ 9.31 $ 0.33 $ 9.64
November 1, 2021 $ 9.32 $ 0.33 $ 9.65
December 1, 2021 $ 9.31 $ 0.33 $ 9.64
January 1, 2022 $ 9.33 $ 0.33 $ 9.66
February 1, 2022 $ 9.33 $ 0.33 $ 9.66
March 1, 2022 $ 9.27 $ 0.32 $ 9.59
April 1, 2022 $ 9.24 $ 0.32 $ 9.56
May 1, 2022 $ 9.23 $ 0.32 $ 9.55
June 1, 2022 $ 9.02 $ 0.32 $ 9.34
July 1, 2022 $ 8.84 $ 0.31 $ 9.15
August 1, 2022 $ 9.02 $ 0.32 $ 9.34
September 1, 2022 $ 9.09 $ 0.32 $ 9.41


Class S
Effective Date	Net Offering Price (per share)		Maximum Upfront Sales Load (per share)		Maximum Offering Price (per share)










January 1, 2022	$	9.33	$	0.33	$	9.66
February 1, 2022	$	9.33	$	0.33	$	9.66
March 1, 2022	$	9.27	$	0.32	$	9.59

77104

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)

Class D
Effective Date Net Offering Price (per share) Maximum Upfront Sales Load (per share) Maximum Offering Price (per share)
March 1, 2021 $ 9.26 $ 0.14 $ 9.40
April 1, 2021 $ 9.26 $ 0.14 $ 9.40
May 1, 2021 $ 9.25 $ 0.14 $ 9.39
June 1, 2021 $ 9.27 $ 0.14 $ 9.41
July 1, 2021 $ 9.29 $ 0.14 $ 9.43
August 1, 2021 $ 9.29 $ 0.14 $ 9.43
September 1, 2021 $ 9.29 $ 0.14 $ 9.43
October 1, 2021 $ 9.31 $ 0.14 $ 9.45
November 1, 2021 $ 9.32 $ 0.14 $ 9.46
December 1, 2021 $ 9.31 $ 0.14 $ 9.45
January 1, 2022 $ 9.34 $ 0.14 $ 9.48
February 1, 2022 $ 9.33 $ 0.14 $ 9.47
March 1, 2022 $ 9.27 $ 0.14 $ 9.41
April 1, 2022 $ 9.25 $ 0.14 $ 9.39
May 1, 2022 $ 9.24 $ 0.14 $ 9.38
June 1, 2022 $ 9.04 $ 0.14 $ 9.18
July 1, 2022 $ 8.86 $ 0.13 $ 8.99
August 1, 2022 $ 9.04 $ 0.14 $ 9.18
September 1, 2022 $ 9.09 $ 0.14 $ 9.23


Class S
Effective Date	Net Offering Price (per share)		Maximum Upfront Sales Load (per share)		Maximum Offering Price (per share)
April 1, 2022	$	9.24	$	0.32	$	9.56
May 1, 2022	$	9.23	$	0.32	$	9.55
June 1, 2022	$	9.02	$	0.32	$	9.34






January 1, 2023	$	9.06	$	0.32	$	9.38
February 1, 2023	$	9.24	$	0.32	$	9.56
March 1, 2023	$	9.23	$	0.32	$	9.55
April 1, 2023	$	9.21	$	0.32	$	9.53
May 1, 2023	$	9.21	$	0.32	$	9.53
June 1, 2023	$	9.18	$	0.32	$	9.50


Class D
Effective Date	Net Offering Price (per share)		Maximum Upfront Sales Load (per share)		Maximum Offering Price (per share)










January 1, 2022	$	9.34	$	0.14	$	9.48
February 1, 2022	$	9.33	$	0.14	$	9.47
March 1, 2022	$	9.27	$	0.14	$	9.41
April 1, 2022	$	9.25	$	0.14	$	9.39
May 1, 2022	$	9.24	$	0.14	$	9.38
June 1, 2022	$	9.04	$	0.14	$	9.18






January 1, 2023	$	9.07	$	0.14	$	9.21
February 1, 2023	$	9.25	$	0.14	$	9.39
March 1, 2023	$	9.24	$	0.14	$	9.38
April 1, 2023	$	9.22	$	0.14	$	9.36
May 1, 2023	$	9.22	$	0.14	$	9.36
June 1, 2023	$	9.19	$	0.14	$	9.33

Class I
Effective Date Net Offering Price (per share) Maximum Upfront Sales Load (per share) Maximum Offering Price (per share)
March 1, 2021 $ 9.26 $ — $ 9.26
April 1, 2021 $ 9.26 $ — $ 9.26
May 1, 2021 $ 9.25 $ — $ 9.25
June 1, 2021 $ 9.27 $ — $ 9.27
July 1, 2021 $ 9.29 $ — $ 9.29
August 1, 2021 $ 9.29 $ — $ 9.29
September 1, 2021 $ 9.29 $ — $ 9.29
October 1, 2021 $ 9.31 $ — $ 9.31
November 1, 2021 $ 9.32 $ — $ 9.32
December 1, 2021 $ 9.31 $ — $ 9.31
January 1, 2022 $ 9.34 $ — $ 9.34
February 1, 2022 $ 9.33 $ — $ 9.33
March 1, 2022 $ 9.27 $ — $ 9.27
April 1, 2022 $ 9.26 $ — $ 9.26
May 1, 2022 $ 9.25 $ — $ 9.25
June 1, 2022 $ 9.05 $ — $ 9.05
July 1, 2022 $ 8.88 $ — $ 8.88


Class I
Effective Date	Net Offering Price (per share)		Maximum Upfront Sales Load (per share)		Maximum Offering Price (per share)











January 1, 2022	$	9.34	$	—	$	9.34
February 1, 2022	$	9.34	$	—	$	9.34
March 1, 2022	$	9.28	$	—	$	9.28
April 1, 2022	$	9.26	$	—	$	9.26
May 1, 2022	$	9.25	$	—	$	9.25
June 1, 2022	$	9.05	$	—	$	9.05






January 1, 2023	$	9.08	$	—	$	9.08
February 1, 2023	$	9.26	$	—	$	9.26
March 1, 2023	$	9.26	$	—	$	9.26
April 1, 2023	$	9.24	$	—	$	9.24

78105

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)


Class I	Class I							Class I
Effective Date	Effective Date	Net Offering Price (per share)		Maximum Upfront Sales Load (per share)		Maximum Offering Price (per share)		Effective Date	Net Offering Price (per share)		Maximum Upfront Sales Load (per share)		Maximum Offering Price (per share)
August 1, 2022		$	9.06	$	—	$	9.06
September 1, 2022		$	9.11	$	—	$	9.11
May 1, 2023								May 1, 2023	$	9.24	$	—	$	9.24
June 1, 2023								June 1, 2023	$	9.21	$	—	$	9.21

Distributions

The Board authorizes and declares monthly distribution amounts per share of common stock, payable monthly in arrears. The following table presents cash distributions per share that were ~~declared~~recorded during the ~~nine months ended September 30, 2022:~~following periods:

Class S common stock distributions Class D common stock distributions Class I common stock distributions

($ in thousands, except per share amounts) Per Share(1) Amount Per Share(1) Amount Per
Share Amount
2022
January 31, 2022 $ 0.05580 $ 3,798 $ 0.05580 $ 1,094 $ 0.05580 $ 6,348
February 28, 2022 0.05580 4,593 0.05580 1,367 0.05580 7,312
March 31, 2022 0.05580 5,334 0.05580 1,673 0.05580 8,860
April 30, 2022 0.05580 6,147 0.05580 1,767 0.05580 10,893
May 31, 2022 0.05580 6,896 0.05580 2,003 0.05580 12,307
June 30, 2022 0.05580 7,613 0.05580 2,110 0.05580 13,541
July 31, 2022 0.06038 8,877 0.06038 2,445 0.06038 15,923
August 31, 2022 0.06038 9,247 0.06038 2,505 0.06038 16,982
September 30, 2022 0.06643 10,779 0.06643 2,902 0.06643 19,803
Total $ 0.52199 $ 63,284 $ 0.52199 $ 17,866 $ 0.52199 $ 111,969


Declaration Date	Record Date	Payment Date	Distribution Per Share(1)		Distribution Amount
($ in thousands, except per share amounts)					Class S		Class D		Class I
December 5, 2022	January 31, 2023	February 24, 2023	$	0.08765	$	16,523	$	4,296	$	30,667
February 10, 2023	February 28, 2023	March 23, 2023	0.06765		12,882		3,372		24,319
February 10, 2023	March 31, 2023	April 26, 2023	0.06765		13,027		3,550		24,938
February 10, 2023	April 30, 2023	May 22, 2023	0.08765		18,233		4,956		33,691
May 9, 2023	May 31, 2023	June 26, 2023	0.06765		14,183		3,884		27,515
May 9, 2023	June 30, 2023	July 26, 2023	0.06765		14,804		3,894		28,323






		Total	$	0.44590	$	89,652	$	23,952	$	169,453

(1)Distributions per share are gross of shareholder servicing fees.

The following table presents cash distributions per share that were ~~declared~~recorded during the ~~nine months ended September 30, 2021:~~following periods:

Class S common stock distributions Class D common stock distributions Class I common stock distributions
($ in thousands, except per share amounts)
Per Share(1)
Amount
Per Share(1)
Amount
Per Share(1)
Amount
2021
March 31, 2021 $ — $ — $ 0.05146 $ 16 $ 0.05146 $ 194
April 30, 2021 0.05146 33 0.05146 54 0.05146 418
May 31, 2021 0.05146 91 0.05146 101 0.05146 558
June 30, 2021 0.05146 129 0.05146 168 0.05146 839
July 31, 2021 0.05146 $ 294 0.05146 $ 222 0.05146 $ 1,116
August 31, 2021 0.05146 $ 432 0.05146 $ 270 0.05146 $ 1,648
September 30, 2021 0.05146 $ 789 0.05146 $ 354 0.05146 $ 2,209
Total $ 0.30876 $ 1,768 $ 0.36022 $ 1,185 $ 0.36022 $ 6,982


Declaration Date	Record Date	Payment Date	Distribution Per Share(1)		Distribution Amount
($ in thousands, except per share amounts)					Class S		Class D		Class I
November 2, 2021	January 31, 2022	February 23, 2022	$	0.05580	$	3,798	$	1,094	$	6,348
November 2, 2021	February 28, 2022	March 24, 2022	0.05580		4,593		1,367		7,312
November 2, 2021	March 31, 2022	April 25, 2022	0.05580		5,334		1,673		8,860
February 23, 2022	April 30, 2022	May 24, 2022	0.05580		6,147		1,767		10,893
February 23, 2022	May 31, 2022	June 23, 2022	0.05580		6,896		2,003		12,307
February 23, 2022	June 30, 2022	July 26, 2022	0.05580		7,613		2,110		13,541






		Total	$	0.33480	$	34,381	$	10,014	$	59,261

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

(1)Distributions per share are gross of shareholder servicing fees.

On February 23, 2021 the Company's Board declared regular monthly distributions for March 2021 through June 2021. The regular monthly cash distributions, each in the gross amount of $0.05145833 per share, are payable on April 28, 2021, May 28, 2021, June 28, 2021 and July 29, 2021 to shareholders of records as of March 31, 2021, April 30, 2021, May 31, 2021 and June 30, 2021, respectively.

On May 5, 2021, the Company’s Board declared regular monthly distributions for July 2021 through September 2021. The regular monthly cash distributions, each in the gross amount of $0.05145833 per share, are payable on August 27, 2021, September 28, 2021, and October 28, 2021 to shareholders of records as of July 31, 2021, August 31, 2021, and September 30, 2021, respectively.

On February 23, 2022, the Company’s Board declared regular monthly distributions for April 2022 through June 2022. The regular monthly cash distributions, each in the gross amount of $0.05580000, $0.05580000, and $0.05580000 per share, are payable on May 31, 2022, June 30, 2022, and July 29, 2022 to shareholders of records of April 30, 2022, May 31, 2022, and June 30, 2022, respectively.

On May 3, 2022, the Company’s Board declared regular monthly distributions for July 2022 through September 2022. The regular monthly cash distributions, each in the gross amount of $0.05580000, $0.05580000, and $0.05580000 per share, are payable on August 26, 2022, September 29, 2022, and October 31, 2022 to shareholders of records of July 31, 2022, August 31, 2022, and September 30, 2022, respectively.

On May 9, 2022, the Company's Board declared special monthly distributions for July 2022 through September 2022. The special monthly cash distributions, each in the gross amount of $0.0020750, $0.0020750, and $0.0020750 per share, are payable on August 26, 2022, September 29, 2022, and October 31, 2022 to shareholders of records of July 31, 2022, August 31, 2022, and September 30, 2022, respectively.

On July 14, 2022, the Company's Board of Directors declared special distributions to the Company’s stockholders. These distributions are in addition to those previously declared and announced. These additional distributions, each in the amount of $0.0025000 per share, are payable on August 31, 2022 and September 30, 2022 to shareholders of records of July 31, 2022 and August 31, 2022.

On September 26, 2022, the Company's Board of Directors declared a special distribution to the Company's stockholders. This distribution is in addition to those distributions previously declared and announced. This additional distribution, in the amount of $0.008555 per share, will be payable on or before October 31, 2022 to shareholders of record as of September 30, 2022.

On October 24, 2022, the Company's Board of Directors declared a regular monthly distribution to the Company's stockholders. This regular monthly distribution, in the amount of $0.06643 per share, will be payable on or before November 30, 2022 to shareholders of record as of October 31, 2022.

The Company has adopted a distribution reinvestment plan pursuant to which shareholders (except for residents of Alabama, Arkansas, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nebraska, New Jersey, North Carolina, Oklahoma, Oregon, Vermont and Washington and clients of participating broker-dealers that do not permit automatic enrollment in the distribution reinvestment plan) will have their cash distributions automatically reinvested in additional shares of the Company’s same class of common stock to which the distribution relates unless they elect to receive their distributions in cash. The Company expects to use newly issued shares to implement the distribution reinvestment plan. The Company may fund its cash distributions to shareholders from any source of funds available to the Company, including but not limited to offering proceeds, net investment income from operations, capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies and expense support from the Adviser, which is subject to recoupment. In no event, however, will funds be advanced or borrowed for the purpose of distributions, if the amount of such distributions would exceed the Company’s accrued and received revenues for the previous four quarters, less paid and accrued operating expenses with respect to

106

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

such revenues and costs. Through ~~September~~June 30, ~~2022,~~2023, pursuant to the Expense Support Agreement which was terminated by the Adviser on March 7, 2023, a portion of the Company’s distributions resulted from expense support from the Adviser ~~and future distributions may result from expense support from the Adviser, each of~~ which is subject to repayment by the Company within three years from the date of payment. The purpose of this arrangement iswas to avoid distributions being characterized as a return of capital for U.S. federal income tax purposes. Shareholders should understand that any such distribution is not based on the Company’s investment performance, and can only be sustained if the Company achieves positive investment performance in future periods and/or the Adviser continues to provide expense support. Shareholders should also understand that the Company’s future repayments of expense support will reduce the distributions that they would otherwise receive. There can be no assurance that the

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

Company will achieve the performance necessary to sustain these distributions, or be able to pay distributions at all. Sources of distributions, other than net investment income and realized gains on a U.S. GAAP basis, include required adjustments to U.S. GAAP net investment income in the current period to determine taxable income available for distributions. The following tables reflect the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its shares of common stock during the ~~nine months ended September 30, 2022 and 2021:~~following periods:


		For The Nine Months Ended September 30, 2022							For the Six Months Ended June 30, 2023
Source of Distribution(2)	Source of Distribution(2)	Per Share(1)		Amount		Percentage		Source of Distribution(2)	Per Share(1)		Amount		Percentage
($ in thousands, except per share amounts)	($ in thousands, except per share amounts)							($ in thousands, except per share amounts)
Net investment income	Net investment income	$	0.52199	$	193,119	100.0	%	Net investment income	$	0.44590	$	283,057	100.0	%
Total	Total	$	0.52199	$	193,119	100.0	%	Total	$	0.44590	$	283,057	100.0	%

(1)Distributions per share are gross of shareholder servicing fees.

(2)Data in this table is presented on a consolidated basis. Refer to Note 11 "Financial Highlights" for amounts by share class.


		For the Nine Months Ended September 30, 2021							For the Six Months Ended June 30, 2022
Source of Distribution(2)	Source of Distribution(2)	Per Share(1)		Amount		Percentage		Source of Distribution(2)	Per Share(1)		Amount		Percentage
($ in thousands, except per share amounts)	($ in thousands, except per share amounts)							($ in thousands, except per share amounts)
Net investment income	Net investment income	$	0.29208	$	8,269	83.2	%	Net investment income	$	0.33480	$	103,656	100.0	%
Net realized gain (loss) on investments		0.03265		922		9.3
Distributions in excess of net investment income		0.02633		744		7.5

Total	Total	$	0.35106	$	9,935	100.0	%	Total	$	0.33480	$	103,656	100.0	%

(1)Distributions per share are gross of shareholder servicing fees.

(2)Data in this table is presented on a consolidated basis. Refer to Note 11 "Financial Highlights" for amounts by share class.

Share Repurchases

The Board has complete discretion to determine whether the Company will engage in any share repurchase, and if so, the terms of such repurchase. At the discretion of the Board, the Company may use cash on hand, cash available from borrowings, and cash from the sale of its investments as of the end of the applicable period to repurchase shares. The Company has commenced a share repurchase program pursuant to which the Company intends to conduct quarterly repurchase offers to allow its shareholders to tender their shares at a price equal to the net offering price per share for the applicable class of shares on each date of repurchase. All shares purchased by the Company pursuant to the terms of each offer to repurchase will be retired and thereafter will be authorized and unissued shares. The Company intends to limit the number of shares to be repurchased in each quarter to no more than 5.00% of its’ outstanding shares of common stock. Any periodic repurchase offers are subject in part to the Company’s available cash and compliance with the BDC and RIC qualification and diversification rules promulgated under the 1940 Act and the Code, respectively. While the Company intends to continue to conduct quarterly tender offers as described above, the Company is not required to do so and may suspend or terminate the share repurchase program at any time.


Offer Date	Class	Tender Offer Expiration	Tender Offer		Purchase Price per Share		Shares Repurchased





February 25, 2022	S	March 31, 2022	$	6,001	$	9.24	649,420
February 25, 2022	D	March 31, 2022	$	304	$	9.25	32,853
February 25, 2022	I	March 31, 2022	$	16,978	$	9.26	1,833,520
May 25, 2022	S	June 30, 2022	$	8,365	$	8.84	946,284
May 25, 2022	D	June 30, 2022	$	1,110	$	8.86	125,276
May 25, 2022	I	June 30, 2022	$	18,414	$	8.88	2,073,617






February 28, 2023	S	March 31, 2023	$	21,643	$	9.21	2,349,994

81107

Blue Owl ~~Rock Core~~Credit Income Corp.

Notes to Consolidated Financial Statements ~~(Unaudited)~~ - Continued

(Unaudited)

Offer Date Class Tender Offer Expiration Tender Offer Purchase Price per Share Shares Repurchased
August 25, 2021 D September 30, 2021 $ 55 $ 9.31 5,933
August 25, 2021 I September 30, 2021 $ 291 $ 9.32 31,255
November 26, 2021 S December 30, 2021 $ 150 $ 9.33 16,129
November 26, 2021 D December 30, 2021 $ 51 $ 9.34 5,394
November 26, 2021 I December 30, 2021 $ 1,213 $ 9.34 129,828
February 25, 2022 S March 31, 2022 $ 6,001 $ 9.24 649,420
February 25, 2022 D March 31, 2022 $ 304 $ 9.25 32,853
February 25, 2022 I March 31, 2022 $ 16,978 $ 9.26 1,833,520
May 25, 2022 S June 30, 2022 $ 8,365 $ 8.84 946,284
May 25, 2022 D June 30, 2022 $ 1,110 $ 8.86 125,276
May 25, 2022 I June 30, 2022 $ 18,414 $ 8.88 2,073,617
August 25, 2022 S September 30, 2022 $ 8,769 $ 8.99 975,399
August 25, 2022 D September 30, 2022 $ 1,132 $ 9.00 125,759
August 25, 2022 I September 30, 2022 $ 32,978 $ 9.01 3,660,100


Offer Date	Class	Tender Offer Expiration	Tender Offer		Purchase Price per Share		Shares Repurchased
February 28, 2023	D	March 31, 2023	$	3,453	$	9.22	374,566
February 28, 2023	I	March 31, 2023	$	68,024	$	9.24	7,361,842
May 31, 2023	S	June 30, 2023	$	16,367	$	9.28	1,763,641
May 31, 2023	D	June 30, 2023	$	13,809	$	9.29	1,486,423
May 31, 2023	I	June 30, 2023	$	46,071	$	9.31	4,948,651

Note 9. Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per common share for the ~~three and nine months ended September 30, 2022 and 2021:~~following periods:


		Three Months Ended September 30,													For the Three Months Ended June 30,
		2022						2021							2023						2022
($ in thousands, except per share amounts)	($ in thousands, except per share amounts)	Class S common stock		Class D common stock		Class I common stock		Class S common stock		Class D common stock		Class I common stock		($ in thousands, except per share amounts)	Class S common stock		Class D common stock		Class I common stock		Class S common stock		Class D common stock		Class I common stock
Increase (decrease) in net assets resulting from operations	Increase (decrease) in net assets resulting from operations	$	51,124	$	13,457	$	88,290	$	1,946	$	1,057	$	6,132	Increase (decrease) in net assets resulting from operations	$	68,006	$	17,233	$	117,916	$	(36,762)	$	(8,956)	$	(54,008)
Weighted average shares of common stock outstanding—basic and diluted	Weighted average shares of common stock outstanding—basic and diluted	171,779,747		43,183,930		280,852,155		11,160,688		5,670,041		31,988,535		Weighted average shares of common stock outstanding—basic and diluted	233,305,828		59,122,097		404,528,122		139,449,179		36,329,375		219,206,555
Earnings (loss) per common share— basic and diluted		$	0.30	$	0.31	$	0.31	$	0.17	$	0.19	$	0.19
Earnings (loss) per common share—basic and diluted														Earnings (loss) per common share—basic and diluted	$	0.29	$	0.29	$	0.29	$	(0.26)	$	(0.25)	$	(0.25)


		Nine Months Ended September 30,													For the Six Months Ended June 30,
		2022						2021							2023						2022
($ in thousands, except per share amounts)	($ in thousands, except per share amounts)	Class S common stock		Class D common stock		Class I common stock		Class S common stock		Class D common stock		Class I common stock		($ in thousands, except per share amounts)	Class S common stock		Class D common stock		Class I common stock		Class S common stock		Class D common stock		Class I common stock
Increase (decrease) in net assets resulting from operations	Increase (decrease) in net assets resulting from operations	20,523		6,459		45,734		2,290		1,490		8,427		Increase (decrease) in net assets resulting from operations	$	143,663	$	36,023	$	248,502	$	(30,601)	$	(6,998)	$	(42,556)
Weighted average shares of common stock outstanding—basic and diluted	Weighted average shares of common stock outstanding—basic and diluted	134,859,276		35,082,254		211,931,540		4,363,627		2,654,462		15,343,528		Weighted average shares of common stock outstanding—basic and diluted	221,466,999		55,532,022		383,084,074		116,093,069		30,964,275		176,900,067
Earnings (loss) per common share— basic and diluted		$	0.15	$	0.18	$	0.22	$	0.52	$	0.56	$	0.55
Earnings (loss) per common share—basic and diluted														Earnings (loss) per common share—basic and diluted	$	0.65	$	0.65	$	0.65	$	(0.26)	$	(0.23)	$	(0.24)

Note 10. Income Taxes

The Company has elected to be treated as a RIC under Subchapter M of the Code, and intends to operate in a manner so as to qualify for the tax treatment applicable to RICs. To qualify for tax treatment as a RIC thereafter, the Company must, among other

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

things, distribute to its shareholders in each taxable year generally at least 90% of the Company’s investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. To maintain tax treatment as a RIC, the Company, among other things, intends to make the requisite distributions to its shareholders, which generally relieves the Company from corporate-level U.S. federal income taxes.

Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company will accrue excise tax on estimated excess taxable income.

For the three and ~~nine~~six months ended ~~September~~June 30, ~~2022,~~2023, the Company recorded U.S. federal excise tax expense of ~~approximately $4 thousand.~~$1.4 million and $1.5 million, respectively. For the three and ~~nine~~six months ended ~~September~~June 30, ~~2021,~~2022, the Company did not record ~~an expense for~~ U.S. federal excise ~~tax.~~tax expense.

108

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

Taxable Subsidiaries

Certain of the Company's consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes. For the three and six months ended June 30, 2023 the Company recorded a net tax benefit of approximately $1.2 thousand and $2.3 thousand for taxable subsidiaries. For the three and six months ended June 30, 2022, the Company did not record a net-tax benefit (provision).

The Company recorded net deferred tax liability of $5.0 thousand as of June 30, 2023 for taxable subsidiaries, which is significantly related to GAAP to tax outside basis differences in the taxable subsidiaries' investment in certain partnership interests. The Company did not record a net deferred tax asset (liability) for tax subsidiaries as of December 31, 2022.

Note 11. Financial Highlights

The following are the financial highlights for a common share outstanding during the ~~nine months ended September 30, 2022 and 2021:~~following periods:

For the Nine Months Ended September 30,
2022 2021
($ in thousands, except share and per share amounts) Class S common stock Class D common stock Class I common stock
Class S common stock(7)
Class D common stock(7)
Class I common stock
Per share data:
Net asset value, at beginning of period $ 9.33 $ 9.33 $ 9.34 $ 9.26 $ 9.26 $ 9.44
Results of operations:
Net investment income (loss)(1)
0.53 0.57 0.59 0.34 0.37 0.38
Net realized and unrealized gain (loss)(2)
(0.35) (0.38) (0.40) 0.02 0.04 (0.14)
Net increase (decrease) in net assets resulting from operations $ 0.18 $ 0.19 $ 0.19 $ 0.36 $ 0.41 $ 0.24
Shareholder distributions:
Distributions from net investment income(3)
(0.52) (0.52) (0.52) (0.25) (0.29) (0.29)
Distributions from realized gains(3)
— — — (0.03) (0.04) (0.03)
Distributions in excess of net investment income(3)
— — — (0.02) (0.02) (0.03)
Net decrease in net assets from shareholders' distributions $ (0.52) $ (0.52) $ (0.52) $ (0.30) $ (0.35) $ (0.35)
Total increase (decrease) in net assets (0.34) (0.33) (0.33) 0.06 0.06 (0.11)
Net asset value, at end of period $ 8.99 $ 9.00 $ 9.01 $ 9.32 $ 9.32 $ 9.33
Total return(4)
1.4 % 1.9 % 2.1 % 3.5 % 4.4 % 2.6 %
Ratios
Ratio of net expenses to average net assets(5)(6)
8.2 % 7.3 % 7.4 % 7.3 % 7.1 % 6.3 %
Ratio of net investments income to average net assets(6)
8.5 % 8.8 % 9.4 % 5.1 % 5.3 % 5.5 %
Portfolio turnover rate 5.6 % 5.6 % 5.6 % 87.6 % 87.6 % 87.6 %
Supplemental Data
Weighted-average shares outstanding 134,859,276 35,082,254 211,931,540 4,363,627 2,654,462 15,343,528
Shares outstanding, end of period 179,513,911 44,952,979 298,101,538 17,567,487 7,149,027 42,917,350
Net assets, end of period $ 1,614,723 $ 404,527 $ 2,687,007 $ 163,800 $ 66,622 $ 400,267


	For the Six Months Ended June 30,
	2023									2022
($ in thousands, except share and per share amounts)	Class S common stock			Class D common stock			Class I common stock			Class S common stock			Class D common stock			Class I common stock
Per share data:
Net asset value, at beginning of period	$	9.06		$	9.07		$	9.08		$	9.33		$	9.33		$	9.34
Results of operations:
Net investment income (loss)(1)	0.52			0.54			0.56			0.32			0.35			0.36
Net realized and unrealized gain (loss)(2)	0.11			0.11			0.12			(0.45)			(0.46)			(0.46)
Net increase (decrease) in net assets resulting from operations	$	0.63		$	0.65		$	0.68		$	(0.13)		$	(0.11)		$	(0.10)
Shareholder distributions:
Distributions from net investment income(3)	(0.41)			(0.43)			(0.45)			(0.36)			(0.36)			(0.36)
Distributions from realized gains(3)	—			—			—			—			—			—
Distributions in excess of net investment income(3)	—			—			—			—			—			—
Net decrease in net assets from shareholders' distributions	$	(0.41)		$	(0.43)		$	(0.45)		$	(0.36)		$	(0.36)		$	(0.36)
Total increase (decrease) in net assets	0.22			0.22			0.23			(0.49)			(0.47)			(0.46)
Net asset value, at end of period	$	9.28		$	9.29		$	9.31		$	8.84		$	8.86		$	8.88

Total return(4)	4.9		%	5.3		%	5.5		%	(2.2		%)	(1.6		%)	(1.4)		%

Ratios
Ratio of net expenses to average net assets(5)(6)	11.1		%	10.6		%	10.3		%	6.9		%	6.0		%	6.1		%
Ratio of net investment income to average net assets(6)	11.6		%	12.3		%	12.5		%	7.8		%	8.1		%	8.7		%
Portfolio turnover rate	1.3		%	1.3		%	1.3		%	3.9		%	3.9		%	3.9		%

Supplemental Data
Weighted-average shares outstanding	221,466,999			55,532,022			383,084,074			116,093,069			30,964,275			176,900,067
Shares outstanding, end of period	241,935,918			59,251,502			418,671,705			153,925,431			39,130,477			242,671,428
Net assets, end of period	$	2,245,301		$	550,643		$	3,897,613		$	1,360,549		$	346,803		$	2,154,044

~~Owl Rock Core Income Corp.~~

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

(1)The per share data was derived using the weighted average shares outstanding during the period.

(2)The amount shown at this caption is the balancing amount derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales of the Company’s shares in relation to fluctuating market values for the portfolio.

(3)The per share data was derived using actual shares outstanding at the date of the relevant transaction.

109

Blue Owl Credit Income Corp.

Notes to Consolidated Financial Statements - Continued

(Unaudited)

(4)Total return is not annualized. 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. 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. Total return is calculated as the change in net asset value (“NAV”) per share (assuming dividends and distributions, if any, are reinvested in accordance with the Company’s dividend reinvestment plan), if any, divided by the beginning NAV per share (which for the purposes of this calculation is equal to the net offering price in effect at that time).

(5)Operating expenses may vary in the future based on the amount of capital raised, the Adviser’s election to continue expense support, and other unpredictable variables. For the ~~nine~~six months ended ~~September~~June 30, ~~2022,~~2023, the total operating expenses to average net assets were ~~8.5%~~1.2%, ~~7.6%~~0.6% and ~~7.7%~~0.3%, for Class S, Class D, and Class I common stock, respectively, prior to management fee waivers, expense support provided by the Adviser, and expense recoupment paid to the Adviser, if any. For the ~~nine~~six months ended ~~September~~June 30, ~~2021,~~2022, the total operating expenses to average net assets were ~~7.4%~~7.6%, ~~8.0%~~6.7% and ~~8.0%~~6.7%, for Class S, Class D, and Class I common stock, respectively, prior to management fee waivers, expense support provided by the Adviser, and expense recoupment paid to the Adviser, if any. Past performance is not a guarantee of future results.

(6)The ratio reflects an annualized amount, except in the case of non-recurring expenses (e.g., initial organization expenses) and offering expenses.

~~(7)Class S common stock shares were first issued on April 1, 2021. Class D common stock shares were first issued on March 1, 2021.~~

Note 12. Subsequent Events

In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date of issuance. There are no subsequent events to disclose except for the following:

~~Revolving~~Articles of Amendment

Blue Owl Credit ~~Facility Upsize~~

~~On October 5, 2022, the Company increased the Revolving Credit Facility from $1,775,000,000 to $1,795,000,000 (the “Commitment Increase”).~~

~~Equity Raise~~

As of November 10, 2022, the Company has issued 186,162,140 shares of its Class S common stock, 45,873,136 shares of its Class D common stock, and 314,880,453 shares of its Class I common stock and has raised total gross proceeds of $1,730.9 million, $424.1 million, and $2,901.7 million, respectively, including seed capital of $1,000 contributed by its Adviser in September 2020 and approximately $25.0 million in gross proceeds raised from Feeder FIC Equity.

~~ORCIC JV WH II LLC~~

On October 14, 2022, ORCIC JV WH II LLC, a Delaware limited liability company (the “ORCIC JV WH II”) entered into an up to $500 million revolving loan facility (the “Revolving Loan Agreement”) among the lenders party thereto, and Royal Bank of Canada. ORCIC JV WH II is a wholly owned subsidiary of ORCIC Senior Loan Fund LLC (formerly, ORCIC BC 9 LLC), a Delaware limited liability company (the “ORCIC SLF”). The proceeds of the funded loans under the Revolving Loan Agreement are to be used for, subject to certain restrictions, acquiring and funding collateral assets, payment of government fees and administrative expenses, the funding of certain accounts and making distributions, contributions and investments.

~~ORCIC SLF LLC~~

On November 2, 2022 (the "ORCIC SLF Effective Date"), the Company and State Teachers Retirement System of Ohio (“OSTRS”) entered into an Amended and Restated Limited Liability Company Agreement (the “LLC Agreement”) to co-manage ORCIC SLF. ORCIC SLF is a joint venture that is expected to invest primarily in senior secured loans to middle market companies,

~~Owl~~Income Corp. was formerly known as “Owl Rock Core Income Corp.

~~Notes to Consolidated Financial Statements (Unaudited) - Continued~~

broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. Each of ORCIC SLF’s investment decisions and generally all other decisions in respect of ORCIC SLF must be approved by ORCIC SLF’s board or investment committee, each of which consists of an equal number of representatives from" On June 22, 2023, the Company ~~and OSTRS.~~filed Articles of Amendment in the state of Maryland to formally change the Company’s name to “Blue Owl Credit Income Corp. ” The Company’s new name took effect on July 6, 2023.

June 2028 Notes

On July 14, 2023, the Company ~~and OSTRS have agreed to contribute $437.5~~issued an additional $150 million ~~and $62.5 million, respectively, to ORCIC SLF. Prior to the ORCIC SLF Effective Date, ORCIC SLF was~~aggregate principal amount of its June 2028 Notes in a ~~wholly owned subsidiary~~private placement in reliance on Section 4(a)(2) of the ~~Company. Prior~~Securities Act, and for initial resale to the ORCIC SLF Effective Date, the lenders to the Credit Agreement that ORCIC JV WH LLC entered into on August 24, 2022 (the "Credit Agreement"), and to the Revolving Loan Agreement consented to the change in control of ORCIC SLF. From and following the ORCIC SLF Effective Date, the Credit Agreement and the Revolving Loan Agreement continued as obligations of ORCIC SLF and its subsidiaries but was no longer indebtedness of the Company. On the ORCIC SLF Effective Date, OSTRS made a capital contribution of approximately $15.5 million to ORCIC SLF and the Company was deemed to have made a capital contribution of approximately $108.4 million to ORCIC SLF. The Company's capital contribution was based on the fair value of the Credit Agreement Assets and the Revolving Loan Assets (collectively, the “Contributed Collateral”) less certain amounts that had been distributed to the Company and subject to certain adjustments. In connection therewith, OSTRS and the Company agreed and acknowledged that the Credit Agreement Assets and Revolving Loan Assets were assets of ORCIC SLF as if they had been acquiredqualified institutional buyers pursuant to the ~~terms of~~exemption from registration provided by Rule 144A promulgated under the ~~LLC Agreement.~~Securities Act. The June 2028 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

CLO ~~VIII~~XII

On ~~October 21, 2022,~~July 18, 2023, the Company completed a ~~$391.7~~$396.5 million term debt securitization transaction (the “CLO XII Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company. The secured notes and preferred shares issued in the CLO XII Transaction and the secured loan borrowed in the CLO XII Transaction were issued and incurred, as applicable, by the Company’s consolidated subsidiary Owl Rock CLO ~~VIII,~~XII, LLC, a limited liability organized under the laws of the State of Delaware (the ~~“Issuer”~~“CLO XII Issuer”) and are backed by a portfolio of collateral obligations consisting of middle market loans and participation interests in middle market loans as well as by other assets of the CLO XII Issuer.

Equity Raise

As of August 10, 2023, the Company has issued 256,463,360 shares of its Class S common stock, 61,343,204 shares of its Class D common stock, and 449,648,397 shares of its Class I common stock and has raised total gross proceeds of $2.4 billion, $0.6 billion, and $4.1 billion, respectively, including seed capital of $1,000 contributed by its Adviser in September 2020 and approximately $25.0 million in gross proceeds raised from Feeder FIC Equity. In addition, the Company has received $275.6 million in subscription payments which the Company accepted on August 3, 2023 and which is pending the Company's determination of the net asset value per share applicable to such purchase.

Commencement of Exchange Offer

On July 24, 2023, the Company commenced an offer to exchange the September 2027 Notes for newly issued registered notes with substantially similar terms.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The information contained in this section should be read in conjunction with “ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS”. This discussion contains forward-looking statements, which relate to future events or the future performance or financial condition of Blue Owl ~~Rock Core~~Credit Income Corp. and involves numerous risks and uncertainties, including, but not limited to, those described in our Form 10-K for ~~the~~ fiscal year ~~ended~~ December 31, ~~2021~~2022 and our Form 10-Q for the quarter ended March 31, 2023 in ~~“ITEM~~“ITEM 1A. RISK FACTORS”. This discussion also should be read in conjunction with the “Cautionary Statement Regarding Forward Looking Statements” set forth on page 3 of this Quarterly Report on Form 10-Q. Actual results could differ materially from those implied or expressed in any forward-looking statements.

Overview

Blue Owl Credit Income Corp. (f/k/a Owl Rock Core Income Corp.) (the “Company”, “we”, “us”, or “our”) is an externally managed, non-diversified closed-end management investment company that has elected to be treated as a business development company (“BDC”) under the 1940 Act. Formed as a Maryland corporation on April 22, 2020, we are externally managed by Blue Owl Credit Advisors LLC (f/k/a Owl Rock Capital Advisors ~~LLC~~LLC) (the “Adviser”) which is responsible for sourcing potential investments, conducting due diligence on prospective investments, analyzing investment opportunities, structuring investments and monitoring our portfolio on an ongoing basis. The Adviser is registered as an investment adviser with the Securities and Exchange Commission (“SEC”). We have elected to be treated as a RIC under Subchapter M of the Code, and we intend to operate in a manner so as to qualify for the tax treatment applicable to RICs. On October 23, 2020, we formed a wholly-owned subsidiary, OR Lending IC LLC, a Delaware limited liability company, which holds a California finance lenders license. OR Lending IC LLC makes loans to borrowers headquartered in California. From time to time we may form wholly-owned subsidiaries to facilitate the normal course of business.

We are managed by our Adviser. Our Adviser is an indirect ~~subsidiary~~affiliate of Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL) and part of ~~Owl Rock, a division of~~ Blue ~~Owl focused~~Owl's Credit platform ("Credit"), which focuses on direct lending. Our Adviser is registered with the U.S. Securities and Exchange Commission (the “SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Subject to the overall supervision of our Board, our Adviser manages the day-to-day operations of, and provides investment advisory and management services, to us. The Adviser or its affiliates may engage in certain organizational activities and receive attendant arrangement, structuring or similar fees. Our Adviser is responsible for managing our business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring our investments, and monitoring our portfolio companies on an ongoing basis through a team of management professionals.

We have received an exemptive order that permits us to offer multiple classes of shares of common stock and to impose asset-based servicing and distribution fees and early withdrawal fees. On September 30, 2020, the Advisor purchased 100 shares of our Class I common stock at $10.00 per share, which represents the initial public offering price. The Adviser will not tender these shares for repurchase as long as the Adviser remains the investment adviser of the Company. There is no current intention for the Adviser to discontinue its role. On October 15, 2020, we received a subscription agreement, totaling $25.0 million for the purchase of Class I common shares of our common stock from Owl Rock Feeder FIC ORCIC Equity LLC (“Feeder FIC Equity”), an entity affiliated with the Adviser. On November 12, 2020, we commenced our initial public offering pursuant to which we offered, on a continuous basis, $2,500,000,000 in any combination of amount of shares of Class S, Class D and Class I common ~~stock. On November 12, 2020,~~stock, and we sold 700,000 shares pursuant to the subscription agreement with Feeder FIC Equity and met the minimum offering requirement for our continuous public ~~offering of $2.5 million.~~offering. The purchase price of these shares sold in the private placement was $10.00 per share. As of March 31, 2021, we had called all of the $25.0 million commitment from Feeder FIC Equity. On February 14, 2022, we commenced our follow-on offering, on a continuous basis, of up to $7,500,000,000 in any combination of amount of shares of Class S, Class D and Class I common stock. The share classes have different upfront selling commissions and ongoing servicing fees. Each class of common stock will be offered through Blue Owl Securities LLC (d/b/a Blue Owl Securities) (the “Dealer Manager”). The Dealer Manager is entitled to receive upfront selling commissions of up to 3.50% of the offering price of each Class S share sold in the offering and 1.50% of the offering price of each Class D share sold. Class I shares are not subject to upfront selling commissions. Any upfront selling commissions for the Class S shares and Class D shares sold in the offering will be deducted from the purchase price. Class S, Class D and Class I shares were offered at initial purchase prices per shares of $10.35, $10.15 and $10.00, respectively. Currently, the purchase price per share for each class of common stock varies, but will not be sold at a price below our net asset value per share of such class, as determined in accordance with our share pricing policy, plus applicable upfront selling commissions. We also engage in private placements of our common stock.

Since meeting the minimum offering requirement and commencing our continuous public offering through ~~September~~June 30, ~~2022,~~2023, we have issued ~~179,786,931~~244,886,936 shares of Class S common stock, ~~44,352,534~~59,492,163 shares of Class D common stock, and ~~301,689,909~~433,343,601 shares of

Class I common stock for gross proceeds of ~~$1,673.0 million, $410.4 million,~~$2.3 billion, $0.5 billion, and ~~$2,782.9 million,~~$4.0 billion, respectively, including $1,000 of seed capital contributed by our Adviser in September 2020, approximately $25.0 million in gross proceeds raised in the private placement from Feeder FIC Equity, and ~~12,152,271~~18,470,188 shares of our Class I common stock issued in a private placement issued to feeder vehicles primarily created to hold our Class I shares for gross proceeds of approximately ~~$111.5 million.~~$0.2 billion. The shares purchased by the Adviser and

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Feeder FIC Equity are subject to a lock-up pursuant to FINRA Rule 5110(e)(1) for a period of 180 days from the date of commencement of sales in the offering, and the Adviser, Feeder FIC Equity, and their permitted assignees may not engage in any transaction that would result in the effective economic disposition of the Class I shares.

Our Adviser also serves as investment adviser to Blue Owl ~~Rock~~ Capital Corporation and Blue Owl ~~Rock~~ Capital Corporation II.

Blue Owl consists of three divisions: (1) ~~Owl Rock,~~Credit, which focuses on direct lending, (2) ~~Dyal,~~GP Strategic Capital, which focuses on providing capital to institutional alternative asset managers and (3) ~~Oak Street,~~Real Estate, which focuses on real estate strategies. ~~Owl Rock~~Blue Owl's Credit platform is comprised of the Adviser, Blue Owl ~~Rock~~ Technology Credit Advisors LLC (“~~ORTA”~~OTCA”), Blue Owl ~~Rock Capital~~Technology Credit Advisors II LLC ("OTCA II”), Blue Owl Credit Private Fund Advisors LLC (“~~ORPFA”~~OPFA”), and Blue Owl ~~Rock Technology Advisors II LLC ("ORTA II"), and Owl Rock~~ Diversified Credit Advisors LLC (“~~ORDA”~~ODCA” and together with the Adviser, ~~ORTA, ORTA~~OTCA, OTCA II, ~~ORPFA, amd ORDA,~~and OPFA, the ~~"Owl Rock Advisers"~~“Blue Owl Credit Advisers”), which also are registered investment advisers. As of ~~September~~June 30, ~~2022,~~2023, the Adviser and its affiliates had ~~$65.7~~$73.8 billion of assets under management across the Blue Owl ~~Rock division of Blue Owl.~~Credit platform.

The management of our investment portfolio is the responsibility of the Adviser and the Investment Committee. We consider these individuals to be our portfolio managers. The Investment Team, is led by Douglas I. Ostrover, Marc S. Lipschultz and Craig W. Packer and is supported by certain members of the Adviser's senior executive team and the Investment Committee. The Investment Team, under the Investment Committee's supervision, sources investment opportunities, conducts research, performs due diligence on potential investments, structures our investments and will monitor our portfolio companies on an ongoing basis. The Investment Committee is comprised of Douglas I. Ostrover, Marc S. Lipschultz, Craig W. Packer, Alexis Maged, and Jeff Walwyn. The Investment Committee meets regularly to consider our investments, direct our strategic initiatives and supervise the actions taken by the Adviser on our behalf. In addition, the Investment Committee reviews and determines whether to make prospective investments (including approving parameters or guidelines pursuant to which investments in broadly syndicated loans may be bought and sold), structures financings and monitors the performance of the investment portfolio. Each investment opportunity requires the approval of a majority of the Investment Committee. Follow-on investments in existing portfolio companies may require the Investment Committee's approval beyond that obtained when the initial investment in the portfolio company was made. In addition, temporary investments, such as those in cash equivalents, U.S. government securities and other high quality debt investments that mature in one year or less, may require approval by the Investment Committee. The compensation packages of certain Investment Committee members from the Adviser include various combinations of discretionary bonuses and variable incentive compensation based primarily on performance for services provided and may include shares of Blue Owl.

In addition, we and the Adviser have entered into a dealer manager agreement with Blue Owl Securities and certain participating broker dealers to solicit capital.

We may be prohibited under the 1940 Act from participating in certain transactions with our affiliates without the prior approval of our directors who are not interested persons and, in some cases, the prior approval of the SEC. We rely on an order for exemptive relief (the "Order") that has been granted to our Adviser and its affiliates by the SEC to permit us to co-invest with other funds managed by our Adviser or certain affiliates in a manner consistent with our investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. Pursuant to the Order, we generally are permitted to co-invest with certain of our affiliates if a “required majority” (as defined in Section 57(o) of the 1940 Act) of our independent directors make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the transactions, including the consideration to be paid, are reasonable and fair to us and our shareholders and do not involve overreaching by us or our shareholders on the part of any person concerned, (2) the transaction is consistent with the interests of our shareholders and is consistent with our investment objective and strategies, (3) the investment by our affiliates would not disadvantage us, and our participation would not be on a basis different from or less advantageous than that on which our affiliates are investing, and (4) the proposed investment by us would not benefit our Adviser or its affiliates or any affiliated person of any of them (other than the parties to the transaction), except to the extent permitted by the ~~exemptive relief~~Order and applicable law, including the limitations set forth in Section 57(k) of the 1940 Act. In addition, we have received an amendment to our order to permit us to ~~co-invest~~invest in follow-on investments in our existing portfolio companies with certain affiliates that are private funds if such private funds did not have an investment in such existing portfolio company. The Blue Owl ~~Rock~~Credit Advisers` investment allocation policy seeks to ensure equitable allocation of investment opportunities between us and/or other funds managed by our Adviser or its affiliates. As a result of the Order, there could be significant overlap in our investment portfolio and the investment portfolio of other funds managed by the Adviser or its affiliates that could avail themselves of exemptive relief and that have an investment objective similar to ours.

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We have elected to be regulated as a BDC under the 1940 Act and intend to elect to be taxed as a regulated investment company (“RIC”) for tax purposes under the Code. As a result, we are required to comply with various statutory and regulatory requirements, such as:

•the requirement to invest at least 70% of our assets in “qualifying assets”, as such term is defined in the 1940 Act;

•source of income limitations;

•asset diversification requirements; and

•the requirement to distribute (or be treated as distributing) in each taxable year at least 90% of our investment company taxable income and tax-exempt interest for that taxable year.

~~Economic Developments and COVID-19~~

We have observed and continue to observe supply chain interruptions, significant labor and resource shortages, commodity inflation, rapidly rising interest rates, economic sanctions as a result of the ongoing war between Russia and Ukraine and elements of geopolitical, economic and financial market instability in the United States, the United Kingdom, the European Union and China. One or more of these factors may contribute to increased market volatility, may have long term effects in the United States and worldwide financial markets, and may cause economic uncertainties or deterioration in the United States and worldwide. Additionally, in the event that the U.S. economy enters into a protracted recession, it is possible that the results of some of the middle-market companies similar to those in which we invest could experience deterioration. While we are not seeing signs of an overall, broad deterioration in our results or those of our portfolio companies at this time, there can be no assurance that the performance of certain of our portfolio companies will not be negatively impacted by economic conditions, which could have a negative impact on our future results.

Over two years after COVID-19 was recognized as a pandemic by the World Health Organization, its continued persistence in the United States and worldwide and the magnitude of the economic impact of the outbreak continue to create an uncertain environment in which we and our portfolio companies operate. The preventative measure taken to contain or mitigate the spread of COVID-19 have caused, and may in the future cause, business shutdowns, cancellations of events and travel and other disruptions. We have built out our portfolio management team to include workout experts and on a quarterly basis continue to closely monitor our portfolio companies and understand and mitiage issues. We are unable to predict the duration of any business and supply-chain disruptions or labor and resource shortages, whether COVID-19 or economic conditions will negatively affect our portfolio companies’ operating results or the impact that such disruptions may have on our results of operations and financial condition.

Our Investment Framework

We are a Maryland corporation organized primarily to originate and make loans to, and make debt and equity investments in, U.S. middle market companies. Our investment objective is to generate current income, and to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. Since our Adviser and its affiliates began investment activities in April 2016 through ~~September~~June 30, ~~2022,~~2023, our Adviser and its affiliates have originated ~~$69.4~~$78.0 billion aggregate principal amount of investments, of which ~~$65.9~~$74.4 billion aggregate principal amount of investments prior to any subsequent exits or repayments, was retained by either us or a corporation or fund advised by our Adviser or its affiliates. We seek to participate in transactions sponsored by what we believe to be high-quality private equity and venture capital firms capable of providing both operational and financial resources. We seek to generate current income primarily in U.S. upper middle market companies, both sponsored and non-sponsored, through direct originations of senior secured loans or originations of unsecured loans, subordinated loans or mezzanine loans, broadly syndicated loans and, to a lesser extent, investments in equity-related securities including warrants, preferred stock and similar forms of senior equity. Our equity investments are typically not control-oriented investments and we may structure such equity investments to include provisions protecting our rights as a minority-interest holder. We intend, under normal circumstances, to invest directly, or indirectly through our investments in Blue Owl Credit Income Senior Loan Fund (f/k/a ORCIC Senior Loan Fund) (“OCIC SLF”) or any similarly situated companies, at least 80% of the value of our total assets in credit investments. We define “credit” to mean debt investments made in exchange for regular interest payments.

We define “middle market companies” generally to mean companies with earnings before interest expense, income tax expense, depreciation and amortization, or “EBITDA,” between $10 million and $250 million annually and/or annual revenue of $50 million to $2.5 billion at the time of investment, although we may on occasion invest in smaller or larger companies if an opportunity presents itself.

We expect that generally our portfolio composition will be majority debt or income producing securities, which may include “covenant-lite” loans (as defined below), with a lesser allocation to equity or equity-linked opportunities, including publicly traded debt instruments, which we may hold directly or through special purposes vehicles. These investments may include high-yield bonds, which are often referred to as “junk bonds”, and broadly syndicated loans. In addition, we may invest a portion of our portfolio in

opportunistic investments and broadly syndicated loans, which will not be our primary focus, but will be intended to enhance returns to our shareholders and from time to time, we may evaluate and enter into strategic portfolio transactions which may result in additional portfolio companies which we are considered to control. These investments may include high-yield bonds and broadly-syndicated loans, including publicly traded debt instruments, which are typically originated and structured by banks on behalf of large corporate borrowers with employee counts, revenues, EBITDAs and enterprise values larger than ~~the middle-market characteristics described above.~~those of middle market companies, and equity investments in portfolio companies that make senior secured loan or invest in broadly syndicated loans or structured products, such as life settlements and royalty interests. Our portfolio composition may fluctuate from time to time based on market conditions and interest rates. We generally intend to investment in companies with low loan to value ratios, which we consider to be 50% or lower.

Covenants are contractual restrictions that lenders place on companies to limit the corporate actions a company may pursue. Generally, the loans in which we expect to invest will have financial maintenance covenants, which are used to proactively address materially adverse changes in a portfolio company’s financial performance. However, to a lesser extent, we may invest in “covenant- lite” loans. We use the term “covenant-lite” to refer generally to loans that do not have a complete set of financial maintenance covenants. Generally, “covenant-lite” loans provide borrower companies more freedom to negatively impact lenders because their covenants are incurrence-based, which means they are only tested and can only be breached following an affirmative action of the borrower, rather than by a deterioration in the borrower’s financial condition. Accordingly, to the extent we invest in “covenant-lite” loans, we may have fewer rights against a borrower and may have a greater risk of loss on such investments as compared to investments in or exposure to loans with financial maintenance covenants.

We target portfolio companies where we can structure larger transactions that comprise 1-2% of our portfolio (with no individual portfolio company generally expected to comprise greater than 5% of our portfolio). As of ~~September~~June 30, ~~2022,~~2023, our average investment size in each of our portfolio companies was approximately ~~$48.3~~$54.1 million based on fair value. As of ~~September~~June 30, ~~2022,~~2023, excluding the

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investment in OCIC SLF and certain investments that fall outside our typical borrower profile, our portfolio companies representing ~~85.9%~~85.3% of our total debt portfolio based on fair value, had weighted average annual revenue of ~~$862.4~~$939.0 million, weighted average annual EBITDA of ~~$211.6~~$215.8 million and an average interest coverage of ~~2.7x.~~2.1x.

The companies in which we invest use our capital primarily to support their growth, acquisitions, market or product expansion, refinancings and/or recapitalizations. The debt in which we invest typically is not rated by any rating agency, but if these instruments were rated, they would likely receive a rating of below investment grade (that is, below BBB- or Baa3), which is often referred to as “junk”.

A majority of our new investments are indexed to ~~SOFR;~~the Secured Overnight Financing Rate ("SOFR"); however, we have material contracts that are indexed to ~~USD-LIBOR~~the London Interbank Offered Rate (“LIBOR”) and are monitoring this activity, evaluating the related risks and our exposure, and adding alternative language to contracts, where necessary. Certain contracts have an orderly market transition already in process. However, it is not possible to predict the effect of any of these developments, and any future initiatives to regulate, reform or change the manner of administration of LIBOR could result in adverse consequences to the rate of interest payable and receivable on, market value of and market liquidity for LIBOR-based financial instruments.

Key Components of Our Results of Operations

Investments

We focus primarily on the direct origination of loans to middle market companies domiciled in the United States.

Our level of investment activity (both the number of investments and the size of each investment) can and will vary substantially from period to period depending on many factors, including the amount of debt and equity capital available to middle market companies, the level of merger and acquisition activity for such companies, the general economic environment and the competitive environment for the types of investments we make.

In addition, as part of our risk strategy on investments, we may reduce the levels of certain investments through partial sales or syndication to additional lenders.

Revenues

Our investment portfolio consists of floating rate loans, and our credit facility bears interest at a floating rate. Macro trends in base interest rates like ~~London Interbank Offered Rate (“LIBOR”) the Secured Overnight Financing Rate ("SOFR")~~SOFR, LIBOR, and any other alternative reference rates may affect our net investment income over the long term. However, because we generally originate loans to a small number of portfolio companies each quarter, and those investments vary in size, our results in any given period, including the interest rate on investments that were sold or repaid in a period compared to the interest rate of new investments made during that period, often are idiosyncratic, and reflect the characteristics of the particular portfolio companies that we invested in or exited during the period and not necessarily any trends in our business or macro trends.

Loan origination fees, original issue discount and market discount or premium are capitalized, and we accrete or amortize such amounts under U.S. generally accepted accounting principles (“U.S. GAAP”) as interest income using the effective yield method for term instruments and the straight-line method for revolving or delayed draw instruments. Repayments of our debt investments can reduce interest income from period to period. The frequency or volume of these repayments may fluctuate significantly. We record prepayment premiums on loans as interest income. We may also generate revenue in the form of commitment, loan origination, structuring, or due diligence fees, fees for providing managerial assistance to our portfolio companies and possibly consulting fees.

Dividend income on equity investments is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded companies.

Our portfolio activity also reflects the proceeds from sales of investments. We recognize realized gains or losses on investments based on the difference between the net proceeds from the disposition and the amortized cost basis of the investment without regard to unrealized gains or losses previously recognized. We record current period changes in fair value of investments that are measured at fair value as a component of the net change in unrealized gains (losses) on investments in the Consolidated Statements of Operations.

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Expenses

Our primary operating expenses include the payment of the management fee, performance based incentive fee, expenses reimbursable under the Administration Agreement and Investment Advisory Agreement, legal and professional fees, interest and other debt expenses and other operating expenses. The management fee and performance based incentive fee compensate our Adviser for work in identifying, evaluating, negotiating, closing, monitoring and realizing our investments.

Except as specifically provided below, all investment professionals and staff of the Adviser, when and to the extent engaged in providing investment advisory and management services to us, and the base compensation, bonus and benefits, and the routine overhead expenses, of such personnel allocable to such services, are provided and paid for by the Adviser. We bear our allocable portion of the compensation paid by the Adviser (or its affiliates) to our Chief Compliance Officer and Chief Financial Officer and their respective staffs (based on a percentage of time such individuals devote, on an estimated basis, to our business affairs). We bear all other costs and expenses of our operations, administration and transactions, including, but not limited to (i) investment advisory fees, including management fees and incentive fees, to the Adviser, pursuant to the Investment Advisory Agreement; (ii) our allocable portion of overhead and other expenses incurred by the Adviser in performing its administrative obligations under the Administration Agreement; and (iii) all other expenses of our operations and transactions including, without limitation, those relating to:

•expenses deemed to be “organization and offering expenses” for purposes of Conduct Rule 2310(a)(12) of Financial Industry Regulatory Authority (exclusive of commissions, the dealer manager fee, any discounts and other similar expenses paid by investors at the time of sale of our stock);

•the cost of corporate and organizational expenses relating to offerings of shares of our common stock;

•the cost of calculating our net asset value, including the cost of any third-party valuation services;

•the cost of effecting any sales and repurchases of our common stock and other securities;

•fees and expenses payable under any dealer manager agreements, if any;

•debt service and other costs of borrowings or other financing arrangements;

•costs of hedging;

•expenses, including travel expense, incurred by the Adviser, or members of the investment team, or payable to third parties, performing due diligence on prospective portfolio companies and, if necessary, enforcing our rights;

•escrow agent, transfer agent and custodial fees and expenses;

•fees and expenses associated with marketing efforts;

•federal and state registration fees, any stock exchange listing fees and fees payable to rating agencies;

•federal, state and local taxes;

•independent directors’ fees and expenses, including certain travel expenses;

•costs of preparing financial statements and maintaining books and records and filing reports or other documents with the SEC (or other regulatory bodies) and other reporting and compliance costs, including registration fees, listing fees and licenses, and the compensation of professionals responsible for the preparation of the foregoing;

•the costs of any reports, proxy statements or other notices to our shareholders (including printing and mailing costs);

•the costs of any shareholder or director meetings and the compensation of personnel responsible for the preparation of the foregoing and related matters;

•commissions and other compensation payable to brokers or dealers;

•research and market data;

•fidelity bond, directors’ and officers’ errors and omissions liability insurance and other insurance premiums;

•direct costs and expenses of administration, including printing, mailing, long distance telephone and staff;

•fees and expenses associated with independent audits, outside legal and consulting costs;

•costs of winding up;

•costs incurred in connection with the formation or maintenance of entities or vehicles to hold our assets for tax or other purposes;

•extraordinary expenses (such as litigation or indemnification); and

•costs associated with reporting and compliance obligations under the 1940 Act and applicable federal and state securities laws.

We expect, but cannot assure, that our general and administrative expenses will increase in dollar terms during periods of asset growth, but will decline as a percentage of total assets during such periods.

Expense Support and Conditional Reimbursement Agreement

~~We have~~On September 30, 2020, we entered into an Expense Support and Conditional Reimbursement Agreement (the “Expense Support Agreement”) with the Adviser, the purpose of which iswas to ensure that no portion of our distributions to shareholders ~~will represent~~represented a

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return of capital for tax purposes. The Expense Support Agreement became effective as of November 12, 2020, the date that the Company met the minimum offering ~~requirement.~~requirement and was terminated by the Adviser on March 7, 2023.

On a quarterly basis, the Adviser ~~shall reimburse~~reimbursed us for “Operating Expenses” (as defined below) in an amount equal to the excess of our cumulative distributions paid to our shareholders in each quarter over “Available Operating Funds” (as defined below) received by us on account of our investment portfolio during such quarter. Any payments that the Adviser was required to ~~be made by the Adviser~~make pursuant to the preceding sentence are referred to herein as an “Expense Payment”.

~~Pursuant to~~Under the Expense Support Agreement, “Operating Expenses” ~~means~~was defined as all of our operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies. “Available Operating Funds” ~~means~~was defined as the sum of (i) our estimated investment company taxable income (including realized net short-term capital gains reduced by realized net long-term capital losses), (ii) our realized net capital gains (including the excess of realized net long-term capital gains over realized net short-term capital losses) and (iii) dividends and other distributions paid to us on account of preferred and common equity investments in portfolio companies, if any (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above).

The Adviser’s obligation to make an Expense ~~Payment shall~~Payments under the Expense Support Agreement automatically ~~become~~became a liability of the Adviser and the right to such Expense Payment ~~will be~~was an asset of ours on the last business day of the applicable quarter. The Expense Payment for any quarter ~~will~~was be paid by the Adviser to us in any combination of cash or other immediately available funds, and/or offset against amounts due from us to the Adviser no later than the earlier of (i) the date on which we close our books for such quarter, or (ii) forty-five days after the end of such quarter.

Following any quarter in which Available Operating Funds exceed the cumulative distributions paid by us in respect of such quarter (the amount of such excess being hereinafter referred to as “Excess Operating Funds”), we ~~will~~are required to pay such Excess Operating Funds, or a portion thereof, in accordance with the stipulations below, as applicable, to the Adviser, until such time as all Expense Payments made by the Adviser to us within three years prior to the last business day of such quarter have been reimbursed. Any payments required to be made by us are referred to as a “Reimbursement Payment”.

that such Reimbursement Payments, together with all other Reimbursement Payments paid during the fiscal year, would cause Other Operating Expenses defined as our total Operating Expenses, excluding base management fees, incentive fees, organization and offering expenses, distribution and shareholder servicing fees, financing fees and costs, interest expense, brokerage commissions and extraordinary expenses on an annualized basis and net of any Expense Payments received by us during the fiscal year to exceed the lesser of: (i) 1.75% of our average net assets attributable to the shares of our common stock for the fiscal year-to-date period after taking such Expense Payments into account; and (ii) the percentage of our average net assets attributable to shares of our common stock represented by Other Operating Expenses during the fiscal year in which such Expense Payment was made (provided, however, that this clause (ii) shall not apply to any Reimbursement Payment which relates to an Expense Payment made during the same fiscal year).

No Reimbursement Payment for any quarter will be made if: (1) the “Effective Rate of Distributions Per Share” (as defined below) declared by us at the time of such Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the Expense Payment was made to which such Reimbursement Payment relates, or (2) our “Operating Expense Ratio” (as defined below) at the time of such Reimbursement Payment is greater than the Operating Expense Ratio at the time the Expense Payment was made to which such Reimbursement Payment relates. Pursuant to the Expense Support Agreement, “Effective Rate of Distributions Per Share” means the annualized rate (based on a 365 day year) of regular cash distributions per share exclusive of returns of capital, distribution rate reductions due to distribution and shareholder fees, and declared special dividends or special distributions, if any. The “Operating Expense Ratio” is calculated by dividing Operating Expenses, less organizational and offering expenses, base management and incentive fees owed to Adviser, and interest expense, by our net assets.

The specific amount of expenses reimbursed by the Adviser, if any, will be determined at the end of each quarter. We or the Adviser will be able to terminate the Expense Support Agreement at any time, with or without notice. The Expense Support Agreement will automatically terminate in the event of (a) the termination of the Investment Advisory Agreement, or (b) a determination by our Board to dissolve or liquidate the Company. Upon termination of the Expense Support Agreement, we will be required to fund any Expense Payments that have not been reimbursed by us to the Adviser. As of ~~September~~June 30, ~~2022,~~2023, the amount of Expense Support payments provided by our Adviser since inception is $9.4 million.

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Our obligation to make Reimbursement Payments, subject to the conditions above, survives the termination of the Expense Support Agreement. There are no Reimbursement Payments conditionally due from the Company to the Adviser.

Fee Waivers

On February 23, 2021, the Adviser agreed to waive 100% of the base management fee for the quarter ended March 31, 2021. Any portion of the base management fee waived will not be subject to recoupment.

Reimbursement of Administrative Services

We will reimburse our Adviser for the administrative expenses necessary for its performance of services to us. However, such reimbursement will be made at an amount equal to the lower of our Adviser’s actual costs or the amount that we would be required to pay for comparable administrative services in the same geographic location. Also, such costs will be reasonably allocated to us on the basis of assets, revenues, time records or other reasonable methods. We will not reimburse our Adviser for any services for which it receives a separate fee, for example rent, depreciation, utilities, capital equipment or other administrative items allocated to a controlling person of our Adviser.

Leverage

The amount of leverage we use in any period depends on a variety of factors, including cash available for investing, the cost of financing and general economic and market conditions. On September 30, 2020, we received shareholder approval that allowed us to reduce our asset coverage ratio to 150% effective October 1, 2020. and in connection with their subscription agreements, our investors are required to acknowledge our ability to operate with an asset coverage ratio that may be as low as 150%. As a result, we generally will be permitted, under specified conditions, to issue multiple classes of indebtedness and one class of stock senior to the common stock if our asset coverage, as defined in the 1940 Act, would at least be equal to 150% immediately after each such issuance. This reduced asset coverage ratio permits us to double the amount of leverage we can incur. For example, under a 150% asset coverage ratio we may borrow $2 for investment purposes of every $1 of investor equity whereas under a 200% asset coverage ratio we may only borrow $1 for investment purposes for every $1 of investor equity.

In any period, our interest expense will depend largely on the extent of our borrowing and we expect interest expense will increase as we increase our leverage over time subject to the limits of the 1940 Act. In addition, we may dedicate assets to financing facilities.

Market Trends

We believe the ~~middle-market~~middle market lending environment provides opportunities for us to meet our goal of making investments that generate attractive risk-adjusted returns based on a combination of the following factors,

Limited Availability of Capital for ~~Middle-Market~~Middle Market Companies. We believe that regulatory and structural ~~changes in the market have reduced~~factors, industry consolidation and general risk aversion, limit the amount of ~~capital~~traditional financing available to U.S. ~~middle-market companies. In particular, we believe there are currently fewer providers of capital to~~ middle market companies. We believe that many commercial and investment banks have, in recent years, ~~de- emphasized~~de-emphasized their service and product offerings to ~~middle-market~~middle market businesses in favor of lending to large corporate clients and managing capital markets transactions. In addition, these lenders may be constrained in their ability to underwrite and hold bank loans and high yield securities for ~~middle-market~~middle market issuers as they seek to meet existing and future regulatory capital requirements. We also believe that there are a lack of market participants that are willing to hold meaningful amounts of certain ~~middle-market~~middle market loans. As a result, we believe our ability to minimize syndication risk for a company seeking financing by being able to hold its loans without having to syndicate them, coupled with reduced capacity of traditional lenders to serve the ~~middle-market,~~middle market, present an attractive opportunity to invest in ~~middle-market~~middle market companies.

Capital Markets Have Been Unable to Fill the Void in U.S. Middle Market Finance Left by Banks. ~~While~~Access to underwritten bond and syndicated loan markets ~~have been robust in recent years,~~is challenging for middle market companies ~~are less able~~due to ~~access these markets for reasons including the following:~~

~~High Yield Market –~~ ~~Middle market companies generally do not issue debt in amounts large enough to be attractively sized bonds. High~~loan size and liquidity. For example, high yield bonds are generally purchased by institutional investors, such as mutual funds and exchange traded funds ("ETFs"), who among other things, are focused on the liquidity characteristics of the bond being issued. For example, mutual funds and exchange traded funds (“ETFs”) are significant buyers of underwritten bonds. However, mutual funds and ETFs generally require the ability to liquidate their investments quicklyissued in order to fund investor redemptions and/or comply with regulatory requirements. Accordingly, the existence of an active secondary market for bonds is an important consideration in these entities’ initial investment decision. Because there typically is little or no active secondary market for the debt of U.S. middle market companies, mutual funds and ETFs generally do not provide debt capital to U.S. middle market companies. We believe this is likely to be a persistent problem and creates an advantage for those like us who have a more stable capital base and have the ability to invest in illiquid assets.

Syndicated ~~Loan Market –~~ While the syndicated loan market demand is modestly more accommodating to middle market issuers, as with bonds, loan issue size and liquidity are key drivers of institutional and, correspondingly, underwriters’ willingness to underwrite the loans. Loansloans arranged through a bank are done either on a “best efforts” basis or are underwritten with terms plus provisions that permit the underwriters to change certain terms, including pricing, structure, yield and tenor, otherwise known as “flex”, to successfully syndicate the loan, in the event the terms initially marketed are insufficiently attractive to investors. Furthermore, banks are generally reluctant to underwrite middle market loans because the arrangement fees they may earn on the placement of the debt generally are not sufficient to meet the banks’ return hurdles. Loans provided by companies such as ours provide certainty to issuers in

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that we have a more stable capital base and have the ability to invest in illiquid assets, and we can commit to a given amount of debt on specific terms, at stated coupons and with agreed upon fees. As we are the ultimate holder of the loans, we do not require market “flex” or other arrangements that banks may require when acting on an agency basis. In addition, our Adviser has teams focused on both liquid credit and private credit and these teams are able to collaborate with respect to syndicated loans.

Robust Demand for Debt Capital. The middle market is a large addressable market. According to GE Capital’s National Center for the Middle Market mid-year 2022 Middle Market Indicator, there are approximately 200,000 U.S. middle market companies, which have approximately 48 million aggregate employees. Moreover, the U.S. middle market accounts for one-third of private sector gross domestic product (“GDP”). GE defines U.S. middle market companies as those between $10 million and $1 billion in annual revenue, which we believe has significant overlap with our definition of U.S. middle market companies. We believe U.S. middle market companies will continue to require access to debt capital to refinance existing debt, support growth and finance acquisitions. We believe that periods of market volatility, current period of market volatility caused, in par, by elevated inflation, rising interest rates, and current geopolitical conditions, have accentuated the advantages of private credit. The availability of capital in the liquid credit market is highly sensitive to market conditions whereas we believe private lending has proven to be a stable and reliable source of capital through periods of volatility. In addition, we believe the large amount of uninvested capital held by funds of private equity firms broadly, estimated by Preqin Ltd., an alternative assets industry data and research company, to be ~~$1.7~~$2.6 trillion as of January 2022, will continue to drive deal activity. We expect that private equity sponsors will continue to pursue acquisitions and leverage their equity investments with secured loans provided by companies such as us.

~~The Middle Market is a Large Addressable Market.~~ According to GE Capital’s National Center for the Middle Market 4th quarter 2021 Middle Market Indicator, there are approximately 200,000 U.S. middle market companies, which have approximately 48 million aggregate employees. Moreover, the U.S. middle market accounts for one-third of private sector gross domestic product

(“GDP”). GE defines U.S. middle market companies as those between $10 million and $1 billion in annual revenue, which we believe has significant overlap with our definition of U.S. middle market companies.

Attractive Investment Dynamics. An imbalance between the supply of, and demand for, middle market debt capital creates attractive pricing dynamics. We believe the directly negotiated nature of middle market financings also generally provides more favorable terms to the lender, including stronger covenant and reporting packages, better call protection, and lender-protective change of control provisions. Additionally, we believe BDC managers’ expertise in credit selection and ability to manage through credit cycles has generally resulted in BDCs experiencing lower loss rates than U.S. commercial banks through credit cycles. Further, we

believe that historical middle market default rates have been lower, and recovery rates have been higher, as compared to the larger market capitalization, broadly distributed market, leading to lower cumulative losses.

Conservative Capital Structures. Following the global credit crisis, which we define broadly as occurring between mid-2007 and mid- 2009, lenders have generally required borrowers to maintain more equity as a percentage of their total capitalization, specifically to protect lenders during economic downturns. With more conservative capital structures, U.S. middle market companies have exhibited higher levels of cash flows available to service their debt. In addition, U.S. middle market companies often are characterized by simpler capital structures than larger borrowers, which facilitates a streamlined underwriting process and, when necessary, restructuring process.

Attractive Opportunities in Investments in Loans. We invest in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity and equity-related securities. We believe that opportunities in senior secured loans are significant because of the floating rate structure of most senior secured debt issuances and because of the strong defensive characteristics of these types of investments. ~~Given the current low interest rate environment, we~~We believe that debt issues with floating interest rates offer a superior return profile as compared with fixed-rate investments, since floating rate structures are generally less susceptible to declines in value experienced by fixed-rate securities in a rising interest rate environment. Senior secured debt also provides strong defensive characteristics. Senior secured debt has priority in payment among an issuer’s security holders whereby holders are due to receive payment before junior creditors and equity holders. Further, these investments are secured by the issuer’s assets, which may provide protection in the event of a default.

Portfolio and Investment Activity

As of ~~September~~June 30, ~~2022,~~2023, based on fair value, our portfolio consisted of ~~81.9%~~80.2% first lien senior secured debt investments (of which 51.7% we consider ~~51.9%~~ to be unitranche debt investments (including "last-out" portions of such loans)), ~~9.8%~~8.8% second-lien senior secured debt investments, ~~2.0%~~1.7% unsecured debt investments, ~~4.7%~~1.7% joint ventures, 5.0% preferred equity investments, and ~~1.6%~~2.6% common equity investments.

As of ~~September~~June 30, ~~2022,~~2023, our weighted average total yield of the portfolio at fair value and amortized cost was ~~9.3%~~11.4% and ~~9.2%~~11.4%, respectively, and our weighted average yield of accruing debt and income producing securities at fair value and amortized cost was ~~9.5%~~11.6% and ~~9.3%~~11.6%, respectively.

As of ~~September~~June 30, ~~2022~~2023 we had investments in ~~207~~242 portfolio companies with an aggregate fair value of ~~$10.0~~$13.1 billion. As of ~~September~~June 30, ~~2022,~~2023, we had net leverage of ~~1.11x~~0.94x debt-to-equity and we target net leverage of 0.90x-1.25x debt-to-equity.

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We expect the pace of our originations to vary with the pace of repayments and the pace at which we raise funds in our public and private offerings. In periods with lower repayment volume, the pace of our originations is expected to slow. Currently, ~~rapidly~~ rising interest rates, reduced refinancing activity and market uncertainty has led to a decline in merger and acquisitions activity which in turn has led to ~~decreased~~moderate repayments and originations over the quarter. ~~Although~~In addition, although the pace of originations remains slow, the credit quality of our portfolio has ~~slowed, we~~been consistent. We continue to focus on investing in recession resistant industries that we are familiar with, including service oriented sectors such as software, insurance, food and beverage and healthcare, and ~~the credit quality of~~on additional financings to our ~~portfolio remains consistent.~~existing borrowers. The majority of our investments are supported by sophisticated financial sponsors who provide operational and financial resources. In addition, the current lending environment is favorable to direct lenders, ~~and Owl Rock continues to have the opportunity to invest in large unitranche transactions in excess of $1 billion in size~~ which gives us the ability to structure the terms and spreads of such deals to include wider spreads, lower loan to values, extended call protection, attractive leverage profiles and credit protections.

We also continue to invest in specialty financing portfolio companies, ~~Amergin~~including OCIC SLF, Fifth Season Investment LLC ("Fifth Season"), LSI Financing DAC 1 ("LSI Financing"), and ~~Chapford SMA.~~AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series2.1 Aviation Feeder, LLC (collectively, "Amergin AssetCo") and have seen a meaningful increase in the value of some of these strategic equity positions. These companies may use our capital to support acquisitions which could continue to lead to increased dividend ~~income.~~income across well-diversified underlying portfolios. See "Specialty Financing Portfolio Companies."

Many of the companies in which we invest have experienced relief and are experiencing improved profitability from earlier supply chain disruptions resulting from the pandemic, the war between Russia and Ukraine and elements of geopolitical, economic and financial market instability. In addition, we have seen a moderation in input costs which has helped to offset the impact of rising rates and support growth. These companies are continuing to see solid demand with modest growth in both revenues and EBITDA. However, in the event that the U.S. economy enters into a recession, it is possible that the results of some of the middle market companies similar to those in which we invest could experience deterioration. While we are not seeing signs of an overall, broad deterioration in our results or those of our portfolio companies at this time, there can be no assurance that the performance of certain of our portfolio companies will not be negatively impacted by economic conditions, which could have a negative impact on our future results.

We are continuing to monitor the effect that market volatility, including as a result of a rising interest rate environment and uncertainty in the banking sector may have on our portfolio companies and our investment activities. WeAlthough we anticipate that a shift in consumer demand may lead to a contraction in the economy, we believe that the rapid rise in interest rates will meaningfully benefit our net investment income as we begin to see the impact of interest rates exceeding our interest rate floors. We believe that the rapid rise in interest rates will meaningfully benefit our net investment income as we continue to see the impact of interest rates exceeding our interest rate floors.

Our investment activity for the ~~three months ended September 30, 2022 and 2021 is~~following periods are presented below (information presented herein is at par value unless otherwise indicated).


	For the Three Months Ended June 30,
($ in thousands)	2023		2022
New investment commitments
Gross originations	$	1,790,416	$	3,851,121
Less: Sell downs	(32,549)		(227,924)
Total new investment commitments	$	1,757,867	$	3,623,197
Principal amount of investments funded:
First-lien senior secured debt investments	$	1,425,032	$	2,290,127
Second-lien senior secured debt investments	—		218,526
Unsecured debt investments	—		63,865
Joint ventures	40,250		—
Preferred equity investments	35,019		166,062
Common equity investments	15,875		31,034
Total principal amount of investments funded	$	1,516,176	$	2,769,614
Principal amount of investments sold or repaid:
First-lien senior secured debt investments	$	(131,376)	$	(76,030)
Second-lien senior secured debt investments	—		—
Unsecured debt investments	—		—
Joint ventures	—		—
Preferred equity investments	(2,994)		—

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For the Three Months Ended September 30,
($ in thousands) 2022 2021
New investment commitments
Gross originations $ 1,746,640 $ 1,709,692
Less: Sell downs — (67,187)
Total new investment commitments $ 1,746,640 $ 1,642,505
Principal amount of investments funded:
First-lien senior secured debt investments $ 1,279,619 $ 1,204,233
Second-lien senior secured debt investments 93,250 151,000
Unsecured debt investments — —
Preferred equity investments 51,493 —
Common equity investments 21,859 7,667
Total principal amount of investments funded $ 1,446,221 $ 1,362,900
Principal amount of investments sold or repaid:
First-lien senior secured debt investments $ (173,079) $ (322,851)
Second-lien senior secured debt investments — (52,000)
Unsecured debt investments — —
Preferred equity investments — —
Common equity investments — —
Total principal amount of investments sold or repaid $ (173,079) $ (374,851)
Number of new investment commitments in new portfolio companies(1)
25 32
Average new investment commitment amount $ 67,122 $ 46,600
Weighted average term for new investment commitments
   (in years) 6.1 5.8
Percentage of new debt investment commitments at
   floating rates 99.6 % 100.0 %
Percentage of new debt investment commitments at
   fixed rates 0.4 % — %
Weighted average interest rate of new debt investment
   commitments(2)(3)
9.6 % 6.3 %
Weighted average spread over applicable base rate of new floating rate debt investment commitments 6.0 % 5.6 %


	For the Three Months Ended June 30,
($ in thousands)	2023			2022
Common equity investments	(195)			—
Total principal amount of investments sold or repaid	$	(134,565)		$	(76,030)
Number of new investment commitments in new portfolio companies(1)	22			51
Average new investment commitment amount in new portfolio companies	63,782			42,146
Weighted average term for new investment commitments (in years)	5.1			5.2
Percentage of new debt investment commitments at floating rates	100.0		%	99.1		%
Percentage of new debt investment commitments at fixed rates	—		%	0.9		%
Weighted average interest rate of new debt investment commitments(2)(3)	11.4		%	7.8		%
Weighted average spread over applicable base rate of new floating rate debt investment commitments	6.2		%	5.7		%

(1)Number of new investment commitments represents commitments to a particular portfolio company.

(2)For the three months ended ~~September~~June 30, ~~2021,~~2023, assumes each floating rate commitment is subject to the greater of the interest rate floor (if applicable) or 3-month SOFR, which was 5.27% as of June 30, 2023.

(3)For the three months ended June 30, 2022, assumes each floating rate commitment is subject to the greater of the interest rate floor (if applicable) or 3-month LIBOR which was ~~0.13%~~2.12% as of ~~September~~June 30, ~~2021.~~2022.

~~(3)~~For the three months ended September 30, 2022, assumes each floating rate commitment is subject to the greater of the interest rate floor (if applicable) or 3-month SOFR, which was 3.59% as of September 30, 2022.

Investments at fair value and amortized cost consisted of the ~~following~~below as of ~~September 30, 2022 and December 31, 2021:~~the following periods:


		September 30, 2022					December 31, 2021						June 30, 2023					December 31, 2022
($ in thousands)	($ in thousands)	Amortized Cost		Fair Value			Amortized Cost		Fair Value			($ in thousands)	Amortized Cost		Fair Value			Amortized Cost		Fair Value
First-lien senior secured debt investments	First-lien senior secured debt investments	$	8,269,401	$	8,189,910	(1)	$	2,490,219	$	2,491,334	(2)	First-lien senior secured debt investments	$	10,508,752	$	10,510,930	(4)	$	8,499,854	$	8,448,540	(5)
Second-lien senior secured debt investments	Second-lien senior secured debt investments	1,044,817		983,533			496,559		498,247			Second-lien senior secured debt investments	1,207,682		1,156,422			1,203,388		1,142,862
Unsecured debt investments	Unsecured debt investments	217,517		198,777			2,164		2,116			Unsecured debt investments	231,273		227,659			221,564		211,328
Preferred equity investments(1)	Preferred equity investments(1)	478,809		468,123			56,696		56,970			Preferred equity investments(1)	661,110		652,907			510,033		500,023
Common equity investments~~(3)~~(2)	Common equity investments~~(3)~~(2)	151,503		163,161			71,259		71,705			Common equity investments~~(3)~~(2)	301,207		325,496			248,176		264,437
Joint ventures(3)												Joint ventures(3)	222,933		226,230			141,777		140,394
Total Investments	Total Investments	$	10,162,047	$	10,003,504		$	3,116,897	$	3,120,372		Total Investments	$	13,132,957	$	13,099,644		$	10,824,792	$	10,707,584

(1)~~51.9%~~Includes investment in LSI Financing.

(2)Includes investments in Amergin AssetCo and Fifth Season.

(3)Includes investments in OCIC SLF.

(4)51.7% of which we consider unitranche loans.

~~(2)66.7%~~(5)55.4% of which we consider unitranche loans.

~~(3)Includes equity investments in Amergin and Chapford SMA.~~

The table below describes investments by industry composition based on fair value as of ~~September 30, 2022 and December 31, 2021:~~the following periods:


	June 30, 2023		December 31, 2022
Advertising and media	2.3	%	2.8	%
Aerospace and defense	0.3		0.4
Asset based lending and fund finance(1)	1.2		1.2
Automotive	1.1		1.4
Buildings and real estate	4.1		4.0
Business services	6.6		7.3
Chemicals	1.6		1.7
Consumer products	2.6		2.4
Containers and packaging	3.3		3.6
Distribution	2.5		2.3
Education	1.2		1.4
Energy equipment and services	—		0.1

96120


	June 30, 2023		December 31, 2022
Financial services	1.9		2.6
Food and beverage	4.8		5.8
Healthcare equipment and services	3.9		3.9
Healthcare providers and services	13.1		14.4
Healthcare technology	4.9		5.2
Household products	2.3		2.4
Human resource support services	0.9		1.1
Infrastructure and environmental services	1.3		0.9
Insurance(2)	10.0		9.7
Internet software and services	13.4		13.6
Joint ventures(3)	1.7		1.3
Leisure and entertainment	1.1		1.2
Manufacturing	5.0		3.0
Pharmaceuticals(4)	0.6		—
Professional services	4.7		2.8
Specialty retail	2.5		3.2
Telecommunications	0.1		—
Transportation	1.0		0.3
Total	100.0	%	100.0	%

(1)Includes equity investment in Amergin AssetCo.

(2)Includes investment in Fifth Season.

(3)Includes investment in OCIC SLF.

(4)Includes investment in LSI Financing.

The table below describes investments by geographic composition based on fair value as of ~~September 30, 2022 and December 31, 2021:~~the following periods:


	June 30, 2023		December 31, 2022
United States:
Midwest	19.1	%	20.4	%
Northeast	18.6		20.0
South	34.7		29.7
West	18.8		20.7
International	8.8		9.2
Total	100.0	%	100.0	%

September 30, 2022 December 31, 2021
United States:
Midwest 22.9 % 22.8 %
Northeast 17.1 17.1
South 32.9 28.0
West 18.8 26.8
International 8.3 5.3
Total 100.0 % 100.0 %

The table below describes the weighted average yields and interest rates of our investments at fair value as of ~~September 30, 2022 and December 31, 2021 were as follows:~~the following periods:


		September 30, 2022		December 31, 2021			June 30, 2023		December 31, 2022
Weighted average total yield of portfolio(1)	Weighted average total yield of portfolio(1)	9.3	%	7.1	%	Weighted average total yield of portfolio(1)	11.4	%	10.6	%
Weighted average total yield of debt and income producing securities(1)	Weighted average total yield of debt and income producing securities(1)	9.5	%	7.3	%	Weighted average total yield of debt and income producing securities(1)	11.6	%	10.9	%
Weighted average interest rate of debt securities	Weighted average interest rate of debt securities	8.8	%	6.8	%	Weighted average interest rate of debt securities	11.1	%	10.2	%
Weighted average spread over base rate of all floating rate investments	Weighted average spread over base rate of all floating rate investments	5.8	%	6.0	%	Weighted average spread over base rate of all floating rate investments	6.0	%	5.9	%

______________

(1)For non-stated rate income producing investments, computed based on (a) the dividend or interest income earned for the respective trailing twelve months ended on the measurement date, divided by (b) the ending fair value. In instances where historical dividend or interest income data is not available or not representative for the trailing twelve months ended, the dividend or interest income is annualized.

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The weighted average yield of our debt and income producing securities is not the same as a return on investment for our shareholders but, rather, relates to a portion of our investment portfolio and is calculated before the payment of all of our and our subsidiaries’ fees and expenses. The weighted average yield was computed using the effective interest rates as of each respective date, including accretion of original issue discount and loan origination fees, but excluding investments on non-accrual status, if any. There can be no assurance that the weighted average yield will remain at its current level.

Our Adviser monitors our portfolio companies on an ongoing basis. It monitors the financial trends of each portfolio company to determine if they are meeting their respective business plans and to assess the appropriate course of action with respect to each portfolio company. Our Adviser has several methods of evaluating and monitoring the performance and fair value of our investments, which may include the following:

•assessment of success of the portfolio company in adhering to its business plan and compliance with covenants;

•periodic and regular contact with portfolio company management and, if appropriate, the financial or strategic sponsor, to discuss financial position, requirements and accomplishments;

•comparisons to other companies in the portfolio company’s industry; and

•review of monthly or quarterly financial statements and financial projections for portfolio companies.

As part of the monitoring process, our Adviser employs an investment rating system to categorize our investments. In addition to various risk management and monitoring tools, our Adviser rates the credit risk of all investments on a scale of 1 to 5. This system is intended primarily to reflect the underlying risk of a portfolio investment relative to our initial cost basis in respect of such portfolio investment (i.e., at the time of origination or acquisition), although it may also take into account the performance of the portfolio company’s business, the collateral coverage of the investment and other relevant factors. The rating system is as follows:


Investment Rating						Description
1						Investments rated 1 involve the least amount of risk to our initial cost basis. The borrower is performing above expectations, and the trends and risk factors for this investment since origination or acquisition are generally favorable;
2						Investments rated 2 involve an acceptable level of risk that is similar to the risk at the time of origination or acquisition. The borrower is generally performing as expected and the risk factors are neutral to favorable. All investments or acquired investments in new portfolio companies are initially assessed a rating of 2;
3						Investments rated 3 involve a borrower performing below expectations and indicates that the loan’s risk has increased somewhat since origination or acquisition;
4						Investments rated 4 involve a borrower performing materially below expectations and indicates that the loan’s risk has increased materially since origination or acquisition. In addition to the borrower being generally out of compliance with debt covenants, loan payments may be past due (but generally not more than 120 days past due); and
5						Investments rated 5 involve a borrower performing substantially below expectations and indicates that the loan’s risk has increased substantially since origination or acquisition. Most or all of the debt covenants are out of compliance and payments are substantially delinquent. Loans rated 5 are not anticipated to be repaid in full and we will reduce the fair market value of the loan to the amount we anticipate will be recovered.

Our Adviser rates the investments in our portfolio at least quarterly and it is possible that the rating of a portfolio investment may be reduced or increased over time. For investments rated 3, 4 or 5, our Adviser enhances its level of scrutiny over the monitoring of such portfolio company.

The Adviser has built out its portfolio management team to include workout experts who closely monitor our portfolio companies and who, on at least a quarterly basis, assess each portfolio company’s operational and liquidity exposure and outlook to understand and mitigate risks; and, on at least a monthly basis, evaluates existing and newly identified situations where operating results are deviating from expectations. As part of its monitoring process, the Adviser focuses on projected liquidity needs and where warranted, re-underwriting credits and evaluating downside and liquidation scenarios.

The Adviser focuses on downside protection by leveraging existing rights available under our credit documents; however, for investments that are significantly underperforming or which may need to be restructured, the Adviser’s workout team partners with the investment team and all material amendments, waivers and restructurings require the approval of a majority of the Investment Committee. Since inception, only 1 of our investments has been placed on non-accrual status.

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The following table shows the composition of our portfolio on the 1 to 5 rating scale as of ~~September 30, 2022 and December 31, 2021~~the following periods:


		September 30, 2022				December 31, 2021					June 30, 2023				December 31, 2022
Investment Rating	Investment Rating	Fair Value		Percentage		Fair Value		Percentage		Investment Rating	Fair Value		Percentage		Fair Value		Percentage
($ in thousands)	($ in thousands)									($ in thousands)
1	1	$	196,286	2.0	%	$	22,380	0.7	%	1	$	394,429	3.0	%	$	239,458	2.2	%
2	2	9,783,175		97.7	%	3,088,498		99.0	%	2	12,341,233		94.2		10,335,440		96.6
3	3	17,041		0.2	%	9,494		0.3	%	3	357,462		2.7		127,472		1.2
4	4	7,002		0.1	%	—		—	%	4	6,520		0.1		—		—
5	5	—		—		—		—	%	5	—		—		5,214		—
Total	Total	$	10,003,504	100.0	%	$	3,120,372	100.0	%	Total	$	13,099,644	100.0	%	$	10,707,584	100.0	%

The following table shows the amortized cost of our performing and non-accrual debt investments as of ~~September 30, 2022 and December 31, 2021~~the following periods:


		September 30, 2022				December 31, 2021					June 30, 2023				December 31, 2022
($ in thousands)	($ in thousands)	Amortized Cost		Percentage		Amortized Cost		Percentage		($ in thousands)	Amortized Cost		Percentage		Amortized Cost		Percentage
Performing	Performing	$	9,521,868	99.9	%	$	2,988,942	100.0	%	Performing	$	11,943,856	100.0	%	$	9,914,939	99.9	%
Non-accrual	Non-accrual	9,867		0.1	%	—		—	%	Non-accrual	3,851		—		9,867		0.1
Total	Total	$	9,531,735	100.0	%	$	2,988,942	100.0	%	Total	$	11,947,707	100.0	%	$	9,924,806	100.0	%

may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

Specialty Financing Portfolio Companies

Amergin

Amergin was created to invest in a leasing platform focused on railcar and aviation assets. Amergin consists of Amergin AssetCo and Amergin Asset Management LLC, which has entered into a Servicing Agreement with Amergin AssetCo. We made a $90.0 million equity commitment to Amergin AssetCo on July 1, 2022. Our investment in Amergin is a co-investment made with our affiliates in accordance with the terms of the exemptive relief that we received from the SEC. We do not consolidate our equity interest in Amergin AssetCo.

~~Chapford SMA~~Fifth Season Investments LLC

~~Chapford SMA~~Fifth Season is a portfolio company created to invest in life settlement assets. On July 18, 2022, we made a $15.9 million equity commitment to ~~Chapford SMA.~~Fifth Season. We increased our commitment to Fifth Season on October 17, 2022, November 9, 2022, November 15, 2022, November 29, 2022, February 9, 2023, May 3, 2023, June 1, 2023, June 13, 2023, June 20, 2023 by $73.6 million, $1.7 million, $7.3 million, $7.0 million, $5.3 million, $5.3 million, $3.5 million, $3.5 million and $3.5 million, respectively. Our investment in ~~Chapford SMA~~Fifth Season is a co-investment with our affiliates in accordance with the terms of the exemptive relief that we received from the SEC.

LSI Financing 1 DAC

LSI Financing 1 DAC ("LSI Financing") is a portfolio company formed to acquire a contractual rights to revenue pursuant to earnout agreements generally in the life sciences space. On December 14, 2022, we made a $6.2 million equity commitment to LSI Financing. We increased our commitment to LSI Financing on February 17, 2023, February 24, 2023, and March 16, 2023 by $2.8 million, $0.3 million, and $69.9 million, respectively. Our investment in LSI Financing is a co-investment made with our affiliates in accordance with the terms of the exemptive relief that we received from the SEC.

Blue Owl Credit Income Senior Loan Fund LLC (f/k/a ORCIC Senior Loan Fund LLC)

123

Blue Owl Credit Income Senior Loan Fund LLC ("OCIC SLF"), a Delaware limited liability company, was formed as our wholly-owned subsidiary and commenced operations on February 14, 2022. On November 2, 2022, we and State Teachers Retirement System of Ohio (“OSTRS” and together with the Company, the “Members” and each, a “Member”) entered into an Amended and Restated Limited Liability Company Agreement to co-manage OCIC SLF as a joint-venture. OCIC SLF’s principal purpose is to make investments, primarily in senior secured loans that are made to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. We and OSTRS have agreed to contribute $437.5 million and $62.5 million, respectively, to OCIC SLF. We and OSTRS have a 87.5% and 12.5% economic ownership, respectively, in OCIC SLF. Except under certain circumstances, contributions to OCIC SLF cannot be redeemed. OCIC SLF is managed by a board consisting of an equal number of representatives appointed by each Member and which acts unanimously. Investment decisions must be approved unanimously by an investment committee consisting of an equal number of representative appointed by each Member.

We have determined that OCIC SLF is an investment company under Accounting Standards Codification (“ASC”) 946, however, in accordance with such guidance, we will generally not consolidate our investment in a company other than a wholly owned investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, we do not consolidate our non-controlling interest in OCIC SLF.

As of June 30, 2023 and December 31, 2022, OCIC SLF had total investments in senior secured debt at fair value, as determined by an independent valuation firm, of $789.8 million and $506.2million, respectively. The determination of fair value is in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 820, Fair Value Measurements (“ASC 820”), as amended; however, such fair value is not included in our valuation process. The following table is a summary of OCIC SLF’s portfolio as well as a listing of the portfolio investments in OCIC SLF's portfolio as of the following periods:


($ in thousands)	June 30, 2023			December 31, 2022
Total senior secured debt investments(1)	$	809,964		$	529,463
Weighted average spread over base rate(1)	3.8		%	4.4		%
Number of portfolio companies	142			74
Largest funded investment to a single borrower(1)	$	14,493		$	14,547

_____________

(1)At par.


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Debt Investments(5)
Aerospace and defense
American Airlines, Inc.(11)	First lien senior secured loan	SR +	2.75%	02/2028	$	2,000	$	1,964	$	1,961	0.8	%
Avolon TLB Borrower 1 (US) LLC(9)	First lien senior secured loan	SR +	2.50%	06/2028	8,000		7,920		7,990		3.0	%
Bleriot US Bidco Inc.(10)	First lien senior secured loan	SR +	4.00%	10/2026	5,246		5,164		5,238		2.0	%
Peraton Corp.(9)	First lien senior secured loan	SR +	3.75%	02/2028	7,532		7,277		7,385		2.9	%
Transdigm, Inc.(10)	First lien senior secured loan	SR +	3.25%	08/2028	3,990		3,982		3,986		1.5	%
Transdigm, Inc.(10)	First lien senior secured loan	SR +	3.25%	02/2027	2,985		2,933		2,985		1.2	%
					29,753		29,240		29,545		11.4	%
Automotive
Belron Finance US LLC(10)	First lien senior secured loan	SR +	2.75%	04/2029	$	2,500	$	2,488	$	2,499	0.9	%
PAI Holdco, Inc.(7)	First lien senior secured loan	L +	3.75%	10/2027	6,595		6,130		6,096		2.4	%
					9,095		8,618		8,595		3.3	%
Buildings and real estate
CPG International LLC(9)	First lien senior secured loan	SR +	2.50%	04/2029	$	6,924	$	6,889	$	6,887	2.7	%
Beacon Roofing Supply, Inc.(6)	First lien senior secured loan	L +	2.25%	05/2028	3,486		3,482		3,473		1.3	%
Cushman & Wakefield U.S. Borrower, LLC(9)	First lien senior secured loan	SR +	2.75%	08/2025	2,000		1,967		1,980		0.8	%
Dodge Construction Network, LLC(10)(12)	First lien senior secured loan	SR +	4.75%	02/2029	5,247		4,915		4,198		1.6	%
GYP Holdings III Corp.(10)(12)	First lien senior secured loan	SR +	3.00%	05/2030	2,000		1,990		2,000		0.8	%
RealPage, Inc.(9)	First lien senior secured loan	SR +	3.00%	04/2028	10,493		9,924		10,255		3.9	%

124


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Wrench Group LLC(10)	First lien senior secured loan	SR +	4.00%	04/2026	9,710		9,693		9,593		3.7	%
					39,860		38,860		38,386		14.8	%
Business services
Prime Security Services Borrower, LLC(6)	First lien senior secured loan	L +	2.75%	09/2026	$	1,990	$	1,961	$	1,988	0.8	%
BrightView Landscapes, LLC(10)	First lien senior secured loan	SR +	3.25%	04/2029	10,486		10,201		10,319		4.0	%
ConnectWise, LLC(6)	First lien senior secured loan	L +	3.50%	09/2028	10,493		9,951		10,199		3.9	%
IDEMIA Group SAS(10)(12)	First lien senior secured loan	SR +	4.75%	09/2028	2,000		1,975		1,975		0.8	%
Packers Holdings, LLC(9)	First lien senior secured loan	SR +	3.25%	03/2028	6,159		5,693		4,248		1.6	%
Brown Group Holdings, LLC(10)	First lien senior secured loan	SR +	3.75%	07/2029	3,512		3,478		3,503		1.4	%
Sitel Worldwide Corp.(6)	First lien senior secured loan	L +	3.75%	08/2028	6,975		6,868		6,806		2.6	%
VM Consolidated, Inc.(9)	First lien senior secured loan	SR +	3.25%	03/2028	2,419		2,396		2,419		0.9	%
					44,034		42,523		41,457		16.0	%
Chemicals
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(9)(12)	First lien senior secured loan	SR +	4.75%	11/2027	$	2,985	$	2,796	$	2,925	1.1	%
Axalta Coating Systems US Holdings Inc.(10)	First lien senior secured loan	SR +	3.00%	12/2029	4,613		4,571		4,618		1.7	%
Cyanco Intermediate 2 Corp.(9)(12)	First lien senior secured loan	SR +	4.75%	07/2028	3,000		2,910		2,910		1.1	%
H.B. Fuller Company(9)	First lien senior secured loan	SR +	2.50%	02/2030	1,995		1,995		2,000		0.8	%
Ineos US Petrochem LLC(9)(12)	First lien senior secured loan	SR +	3.75%	03/2030	2,000		1,980		1,990		0.8	%
Ineos US Finance LLC(9)	First lien senior secured loan	SR +	3.50%	02/2030	2,000		1,981		1,987		0.8	%
Ineos US Finance LLC(9)	First lien senior secured loan	SR +	3.75%	11/2027	2,993		2,895		2,979		1.2	%
Nouryon Finance B.V.(10)	First lien senior secured loan	SR +	4.00%	04/2028	2,000		1,981		1,979		0.8	%
Blue Tree Holdings, Inc.(10)	First lien senior secured loan	SR +	2.50%	03/2028	3,985		3,948		3,908		1.5	%
Windsor Holdings III LLC(10)	First lien senior secured loan	SR +	4.50%	06/2030	5,000		4,900		4,908		1.9	%
					30,571		29,957		30,204		11.7	%
Consumer products
Olaplex, Inc.(9)	First lien senior secured loan	SR +	3.50%	02/2029	$	5,247	$	4,892	$	4,893	1.9	%
					5,247		4,892		4,893		1.9	%
Containers and packaging
Berlin Packaging L.L.C.(7)	First lien senior secured loan	L +	3.75%	03/2028	$	11,548	$	11,128	$	11,339	4.4	%
BW Holding, Inc.(10)(12)	First lien senior secured loan	SR +	4.00%	12/2028	7,728		7,608		7,046		2.7	%
Charter NEX US, Inc.(9)	First lien senior secured loan	SR +	3.75%	12/2027	4,974		4,929		4,931		1.9	%
Valcour Packaging, LLC(8)	First lien senior secured loan	L +	3.75%	10/2028	9,875		9,856		8,300		3.2	%
Ring Container Technologies Group, LLC(9)	First lien senior secured loan	SR +	3.50%	08/2028	9,713		9,552		9,662		3.8	%
Trident TPI Holdings, Inc.(10)	First lien senior secured loan	SR +	4.50%	09/2028	4,000		3,883		3,939		1.5	%
Tricorbraun Holdings, Inc.(9)	First lien senior secured loan	SR +	3.25%	03/2028	10,493		9,989		10,201		3.9	%
					58,331		56,945		55,418		21.4	%
Distribution
Dealer Tire, LLC(9)	First lien senior secured loan	SR +	4.50%	12/2027	$	3,939	$	3,875	$	3,920	1.5	%
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(9)	First lien senior secured loan	SR +	4.75%	12/2028	5,292		5,240		5,273		2.1	%
SRS Distribution, Inc.(6)	First lien senior secured loan	L +	3.50%	06/2028	10,520		9,844		10,204		3.9	%
White Cap Supply Holdings, LLC(9)	First lien senior secured loan	SR +	3.75%	10/2027	10,520		10,018		10,412		4.0	%
					30,271		28,977		29,809		11.5	%
Education
Sophia, L.P.(9)(12)	First lien senior secured loan	SR +	4.25%	10/2027	$	9,713	$	9,696	$	9,689	3.7	%
Severin Acquisition, LLC (dba Powerschool)(10)	First lien senior secured loan	SR +	3.00%	08/2025	4,872		4,799		4,867		2.0	%
Renaissance Learning, Inc.(10)	First lien senior secured loan	SR +	4.75%	05/2025	3,500		3,404		3,452		1.3	%
					18,085		17,899		18,008		7.0	%
Energy equipment and services
AMG Advanced Metallurgical Group N.V(9)	First lien senior secured loan	SR +	3.50%	11/2028	$	3,448	$	3,423	$	3,430	1.3	%
AZZ Inc.(9)	First lien senior secured loan	SR +	4.25%	05/2029	7,925		7,864		7,923		3.1	%
Pike Corp.(9)	First lien senior secured loan	SR +	3.00%	01/2028	9,800		9,624		9,749		3.8	%

125


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Brookfield WEC Holdings Inc.(9)	First lien senior secured loan	SR +	3.75%	08/2025	3,474		3,453		3,473		1.3	%
					24,647		24,364		24,575		9.5	%
Financial services
Acuris Finance US, Inc. (ION Analytics) (10)	First lien senior secured loan	SR +	4.00%	02/2028	$	4,500	$	4,406	$	4,437	1.7	%
AllSpring Buyer(10)	First lien senior secured loan	SR +	3.75%	11/2028	4,963		4,903		4,938		1.9	%
Deerfield Dakota Holdings(10)	First lien senior secured loan	SR +	3.75%	04/2027	7,869		7,525		7,622		2.9	%
The Edelman Financial Engines Center, LLC(6)	First lien senior secured loan	L +	3.75%	04/2028	3,980		3,893		3,874		1.5	%
Focus Financial Partners, LLC(9)	First lien senior secured loan	SR +	3.25%	06/2028	4,963		4,884		4,918		1.9	%
Focus Financial Partners, LLC(10)	First lien senior secured loan	SR +	3.50%	06/2028	3,000		2,955		2,978		1.2	%
Guggenheim Partners Investment Management Holdings, LLC(10)	First lien senior secured loan	SR +	3.25%	12/2029	4,975		4,893		4,965		1.9	%
Harbourvest Partners, L.P.(10)	First lien senior secured loan	SR +	3.00%	04/2030	2,500		2,463		2,494		1.0	%
TMF Sapphire Bidco B.V.(10)	First lien senior secured loan	SR +	5.00%	05/2028	2,500		2,450		2,497		1.0	%
					39,250		38,372		38,723		15.0	%
Food and beverage
Aramark Services, Inc.(9)(12)	First lien senior secured loan	SR +	2.50%	06/2030	$	2,000	$	1,980	$	1,980	0.8	%
Nomad Foods Europe Midco Ltd.(11)	First lien senior secured loan	SR +	3.75%	11/2029	5,000		4,812		4,994		1.9	%
Pegasus BidCo B.V.(10)(12)	First lien senior secured loan	SR +	4.25%	07/2029	5,473		5,316		5,199		2.0	%
Shearer's Foods, LLC(9)	First lien senior secured loan	SR +	3.50%	09/2027	8,762		8,207		8,642		3.3	%
Simply Good Foods USA, Inc.(9)	First lien senior secured loan	SR +	2.50%	03/2027	4,097		4,068		4,079		1.6	%
Naked Juice LLC (dba Tropicana)(10)	First lien senior secured loan	SR +	3.25%	01/2029	10,520		9,679		9,766		3.8	%
					35,852		34,062		34,660		13.4	%
Healthcare equipment and services
Confluent Medical Technologies, Inc.(10)(12)	First lien senior secured loan	SR +	3.75%	02/2029	$	9,713	$	9,583	$	9,567	3.7	%
Dermatology Intermediate Holdings III, Inc.(10)	First lien senior secured loan	SR +	4.25%	03/2029	9,900		9,788		9,771		3.8	%
Dermatology Intermediate Holdings III, Inc.(10)(13)	First lien senior secured delayed draw term loan	SR +	4.25%	03/2029	1,781		1,771		1,757		0.7	%
Medline Borrower, LP(9)	First lien senior secured loan	SR +	3.25%	10/2028	8,285		7,773		8,184		3.2	%
Natus Medical Inc.(10)(12)	First lien senior secured loan	SR +	5.50%	07/2029	4,478		4,180		4,455		1.7	%
Zest Acquisition Corp.(9)	First lien senior secured loan	SR +	5.50%	02/2028	5,990		5,750		5,743		2.2	%
					40,147		38,845		39,477		15.3	%
Healthcare providers and services
Covetrus, Inc.(10)	First lien senior secured loan	SR +	5.00%	10/2029	$	9,476	$	8,949	$	8,805	3.4	%
LSCS Holdings, Inc.(6)(12)	First lien senior secured loan	L +	4.50%	12/2028	6,152		5,994		5,992		2.3	%
HAH Group Holding Company LLC (dba Help at Home)(10)(12)	First lien senior secured loan	SR +	5.00%	10/2027	998		998		973		0.4	%
MJH Healthcare Holdings, LLC(9)(12)	First lien senior secured loan	SR +	3.50%	01/2029	3,812		3,753		3,774		1.5	%
Phoenix Newco, Inc. (dba Parexel)(9)	First lien senior secured loan	SR +	3.25%	11/2028	7,406		7,155		7,340		2.8	%
Pediatric Associates Holding Company, LLC(9)(12)	First lien senior secured loan	SR +	4.50%	12/2028	2,000		1,921		1,990		0.8	%
Pediatric Associates Holding Company, LLC(9)(13)	First lien senior secured delayed draw term loan	SR +	3.25%	12/2028	222		218		216		0.1	%
Pediatric Associates Holding Company, LLC(9)	First lien senior secured loan	SR +	3.25%	12/2028	5,119		5,036		4,998		1.9	%
Physician Partners, LLC(10)	First lien senior secured loan	SR +	4.00%	12/2028	9,900		9,396		9,281		3.6	%
Premise Health Holding(10)(12)	First lien senior secured loan	SR +	4.75%	07/2025	3,218		3,188		3,193		1.2	%
					48,303		46,608		46,562		18.0	%
Healthcare technology
Athenahealth Group Inc.(9)	First lien senior secured loan	SR +	3.50%	02/2029	$	9,355	$	8,641	$	8,993	3.5	%
Athenahealth Group Inc.(9)(13)	First lien senior secured delayed draw term loan	SR +	3.50%	02/2029	—		(104)		(39)		—	%
Gainwell Acquisition Corp.(10)	First lien senior secured loan	SR +	4.00%	10/2027	4,980		4,887		4,899		1.9	%
GHX Ultimate Parent Corp.(10)	First lien senior secured loan	SR +	4.75%	06/2027	3,000		2,927		3,002		1.2	%
Imprivata, Inc.(9)	First lien senior secured loan	SR +	4.25%	12/2027	9,713		9,552		9,563		3.7	%

126


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
PointClickCare Technologies Inc.PointClickCare Technologies Inc(8)	First lien senior secured loan	L +	3.00%	12/2027	1,995		1,965		1,990		0.8	%
R1 RCM Inc.(9)	First lien senior secured loan	SR +	3.00%	06/2029	3,990		3,990		3,990		1.5	%
Bracket Intermediate Holding Corp.(10)(12)	First lien senior secured loan	SR +	5.00%	05/2028	5,667		5,500		5,553		2.1	%
Verscend Holding Corp.(9)	First lien senior secured loan	SR +	4.00%	08/2025	9,894		9,793		9,879		3.8	%
Zelis Cost Management Buyer, Inc.(6)	First lien senior secured loan	L +	3.50%	09/2026	4,477		4,473		4,470		1.7	%
					53,071		51,624		52,300		20.2	%
Household products
Samsonite International S.A.(9)	First lien senior secured loan	SR +	2.75%	06/2030	$	2,000	$	1,990	$	2,004	0.8	%
					2,000		1,990		2,004		0.8	%
Infrastructure and environmental services
Asplundh Tree Expert, LLC(9)	First lien senior secured loan	SR +	1.75%	09/2027	$	997	$	993	$	994	0.4	%
Osmose Utilities Services, Inc.(9)	First lien senior secured loan	SR +	3.25%	06/2028	9,713		9,058		9,504		3.6	%
USIC Holdings, Inc.(6)	First lien senior secured loan	L +	3.50%	05/2028	2,962		2,828		2,799		1.1	%
					13,672		12,879		13,297		5.1	%
Insurance
Acrisure, LLC(10)	First lien senior secured loan	SR +	5.75%	02/2027	$	7,463	$	7,181	$	7,481	2.9	%
AssuredPartners, Inc.(9)	First lien senior secured loan	SR +	4.25%	02/2027	4,963		4,808		4,947		1.9	%
Broadstreet Partners, Inc.(10)	First lien senior secured loan	SR +	2.75%	01/2027	4,155		4,107		4,095		1.6	%
Broadstreet Partners, Inc.(9)	First lien senior secured loan	SR +	4.00%	01/2029	3,000		2,963		2,978		1.2	%
Hub International(9)	First lien senior secured loan	SR +	4.25%	04/2025	8,000		7,920		8,014		3.1	%
Howden Group Holdings Ltd. (dba HIG Finance 2 Ltd. / Preatorian)(9)	First lien senior secured loan	SR +	4.00%	04/2030	3,990		3,833		3,975		1.5	%
IMA Financial Group, Inc.(9)(12)	First lien senior secured loan	SR +	4.25%	11/2028	3,500		3,413		3,413		1.3	%
					35,071		34,225		34,903		13.5	%
Internet software and services
Barracuda Parent, LLC(10)	First lien senior secured loan	SR +	4.50%	08/2029	$	10,547	$	10,120	$	10,160	3.9	%
Boxer Parent Company Inc.(9)	First lien senior secured loan	SR +	3.75%	10/2025	1,988		1,968		1,970		0.8	%
Central Parent, Inc.(10)	First lien senior secured loan	SR +	4.25%	07/2029	10,547		10,331		10,510		4.1	%
DCert Buyer, Inc.(10)	First lien senior secured loan	SR +	4.00%	10/2026	4,982		4,955		4,931		1.9	%
E2open, LLC(9)	First lien senior secured loan	SR +	3.50%	02/2028	6,841		6,732		6,801		2.7	%
Hyland Software, Inc.(6)	First lien senior secured loan	L +	3.50%	07/2024	9,896		9,752		9,807		3.8	%
Idera, Inc.(9)	First lien senior secured loan	SR +	3.75%	03/2028	5,980		5,814		5,813		2.2	%
Infinite Bidco LLC(10)(12)	First lien senior secured loan	SR +	3.25%	03/2028	2,985		2,886		2,881		1.1	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(11)	First lien senior secured loan	SR +	3.75%	12/2027	10,519		9,693		10,163		3.9	%
McAfee Corp.(9)	First lien senior secured loan	SR +	3.75%	03/2029	2,985		2,858		2,849		1.1	%
Perforce Software, Inc.(6)	First lien senior secured loan	L +	3.75%	07/2026	2,985		2,839		2,818		1.1	%
Quartz Acquireco, LLC (dba Qualtrics AcquireCo, LLC)(9)(12)	First lien senior secured loan	SR +	3.50%	04/2030	4,000		3,960		3,960		1.5	%
Rocket Software, Inc.(9)	First lien senior secured loan	SR +	4.25%	11/2025	5,600		5,514		5,535		2.2	%
SONICWALL US Holdings Inc.(10)	First lien senior secured loan	SR +	3.75%	05/2025	4,195		4,141		4,135		1.6	%
Sophos Holdings, LLC(9)	First lien senior secured loan	SR +	3.50%	03/2027	10,492		10,294		10,399		4.0	%
UST Holdings, Ltd.(9)(12)	First lien senior secured loan	SR +	3.50%	11/2028	7,078		7,053		6,954		2.7	%
VS Buyer LLC(9)	First lien senior secured loan	SR +	3.25%	02/2027	2,985		2,985		2,940		1.1	%
					104,605		101,895		102,626		39.7	%
Leisure and entertainment
Delta 2 (Lux) SARL (dba Formula One)(9)	First lien senior secured loan	SR +	3.00%	01/2030	$	3,000	$	2,972	$	2,999	1.2	%
					3,000		2,972		2,999		1.2	%
Manufacturing
Altar Bidco, Inc.(11)	First lien senior secured loan	SR +	3.10%	02/2029	$	4,739	$	4,538	$	4,659	1.8	%
Columbus McKinnon Corp.(10)	First lien senior secured loan	SR +	2.75%	05/2028	491		487		489		0.2	%
EMRLD Borrower LP (dba Emerson Climate Technologies, Inc.)(10)	First lien senior secured loan	SR +	3.00%	05/2030	10,018		9,919		10,009		3.9	%
Engineered Machinery Holdings, Inc. (dba Duravant)(7)	First lien senior secured loan	L +	3.50%	05/2028	4,975		4,941		4,871		1.9	%

127


Blue Owl Credit Income Senior Loan Fund's Portfolio as of June 30, 2023 ($ in thousands) (Unaudited)
Company(1)(2)(4)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
DXP Enterprises, Inc.(11)	First lien senior secured loan	SR +	5.25%	12/2027	6,952		6,657		6,966		2.8	%
Entegris, Inc.(9)	First lien senior secured loan	SR +	2.75%	07/2029	2,384		2,384		2,385		0.9	%
Filtration Group Corp.(9)	First lien senior secured loan	SR +	4.25%	10/2028	3,990		3,950		3,985		1.5	%
Gates Global LLC(9)	First lien senior secured loan	SR +	3.50%	11/2029	1,985		1,929		1,983		0.8	%
Pro Mach Group, Inc.(6)	First lien senior secured loan	L +	4.00%	08/2028	10,493		10,250		10,459		4.0	%
Pro Mach Group, Inc.(10)(12)	First lien senior secured loan	SR +	5.00%	08/2028	4,000		3,814		4,000		1.5	%
Watlow Electric Manufacturing Company(10)	First lien senior secured loan	SR +	3.75%	03/2028	7,905		7,781		7,802		3.0	%
					57,932		56,650		57,608		22.3	%
Pharmaceuticals
Fortrea Holdings Inc.(10)	First lien senior secured loan	SR +	3.75%	06/2030	$	2,000	$	1,970	$	1,999	0.8	%
					2,000		1,970		1,999		0.8	%
Professional services
Apex Group Treasury, LLC(7)(12)	First lien senior secured loan	L +	3.75%	07/2028	$	4,913	$	4,739	$	4,839	1.9	%
Apex Group Treasury, LLC(10)(12)	First lien senior secured loan	SR +	5.00%	07/2028	2,488		2,349		2,475		1.0	%
Camelot U.S. Acquisition 1 Co.(9)	First lien senior secured loan	SR +	3.00%	10/2026	2,000		1,983		1,996		0.8	%
Skopima Merger Sub Inc.(6)	First lien senior secured loan	L +	4.00%	05/2028	4,975		4,739		4,826		1.9	%
Corporation Service Company(9)	First lien senior secured loan	SR +	3.25%	11/2029	1,990		1,985		1,992		0.8	%
EM Midco2 Ltd. (dba Element Materials Technology)(10)	First lien senior secured loan	SR +	4.25%	06/2029	9,060		8,952		8,856		3.4	%
Genuine Financial Holdings LLC(6)	First lien senior secured loan	L +	3.75%	07/2025	3,976		3,976		3,967		1.5	%
Red Ventures, LLC(9)	First lien senior secured loan	SR +	3.00%	03/2030	3,990		3,951		3,954		1.5	%
Sovos Compliance, LLC(9)	First lien senior secured loan	SR +	4.50%	08/2028	10,494		10,174		10,104		3.9	%
VT Topco, Inc. (dba Veritext)(9)	First lien senior secured loan	SR +	3.75%	08/2025	3,983		3,936		3,922		1.5	%
VT Topco, Inc. (dba Veritext)(9)(13)	First lien senior secured delayed draw term loan	SR +	3.75%	08/2025	—		—		—		—	%
Vistage Worldwide, Inc.(9)(12)	First lien senior secured loan	SR +	5.25%	07/2029	3,970		3,822		3,930		1.5	%
					51,839		50,606		50,861		19.7	%
Specialty retail
Pilot Travel Centers LLC(9)	First lien senior secured loan	SR +	2.00%	08/2028	$	796	$	791	$	794	0.3	%
					796		791		794		0.3	%
Telecommunications
Ciena Corp.(9)	First lien senior secured loan	SR +	2.50%	01/2030	$	1,995	$	1,986	$	1,995	0.8	%
Cogeco Communications (USA) II L.P.(9)	First lien senior secured loan	SR +	2.50%	09/2028	2,985		2,972		2,960		1.1	%
Park Place Technologies, LLC(9)	First lien senior secured loan	SR +	5.00%	11/2027	9,712		9,263		9,418		3.7	%
Zayo Group Holdings, Inc.(9)	First lien senior secured loan	SR +	4.25%	03/2027	9,875		8,401		7,792		3.0	%
					24,567		22,622		22,165		8.6	%
Transportation
Safe Fleet Holdings, LLC(9)	First lien senior secured loan	SR +	3.75%	02/2029	$	3,985	$	3,942	$	3,978	1.6	%
Uber Technologies, Inc.(10)	First lien senior secured loan	SR +	2.75%	03/2030	3,980		3,970		3,977		1.5	%
					7,965		7,912		7,955		3.1	%







Total Debt Investments					$	809,964	$	786,298	$	789,823	305.5	%
Total Investments					$	809,964	$	786,298	$	789,823	305.5	%

_____________

1.Certain portfolio company investments are subject to contractual restrictions on sales.

2.Unless otherwise indicated, OCIC SLF’s investments are pledged as collateral supporting the amounts outstanding under OCIC SLF's SPV Asset Facilities.

3.The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

4.Unless otherwise indicated, all investments are considered Level 3 investments.

6.The interest rate on these loans is subject to 1 month LIBOR, which as of June 30, 2023 was 5.22%.

128

7.The interest rate on these loans is subject to 3 month LIBOR, which as of June 30, 2023 was 5.55%.

8.The interest rate on these loans is subject to 6 month LIBOR, which as of June 30, 2023 was 5.76%.

9.The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2023 was 5.14%.

10.The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2023 was 5.27%.

11.The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2023 was 5.39%.

12.Level 3 investment.

13.Position or portion thereof is an unfunded loan commitment.


Blue Owl Credit Income Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands)
Company(1)(2)(4)(5)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Debt Investments
Aerospace and defense
Bleriot US Bidco Inc.(7)	First lien senior secured loan	L +	4.00%	10/2026	$	5,273	$	5,178	$	5,207	3.2	%
Peraton Corp.(6)	First lien senior secured loan	L +	3.75%	02/2028	7,571		7,290		7,382		4.6	%
Transdigm, Inc.(8)(11)	First lien senior secured loan	SR +	3.25%	02/2027	3,000		2,940		2,985		1.9	%
					15,844		15,408		15,574		9.7	%
Automotive
PAI Holdco, Inc.(7)	First lien senior secured loan	L +	3.75%	10/2027	$	4,950	$	4,538	$	4,356	2.7	%
					4,950		4,538		4,356		2.7	%
Buildings and real estate
Dodge Construction Network, LLC(10)	First lien senior secured loan	SR +	4.75%	02/2029	$	5,274	$	4,917	$	4,482	2.8	%
RealPage, Inc.(6)(11)	First lien senior secured loan	L +	3.00%	04/2028	10,547		9,925		10,009		6.2	%
Wrench Group LLC(7)	First lien senior secured loan	L +	4.00%	04/2026	9,761		9,737		9,419		5.9	%
					25,582		24,579		23,910		14.9	%
Business services
BrightView Landscapes, LLC(8)	First lien senior secured loan	SR +	3.25%	04/2029	$	10,547	$	10,230	$	10,125	6.3	%
Brown Group Holdings, LLC(9)(11)	First lien senior secured loan	SR +	3.75%	07/2029	2,026		2,005		2,017		1.3	%
ConnectWise, LLC(7)(11)	First lien senior secured loan	L +	3.50%	09/2028	10,547		9,961		9,996		6.2	%
Packers Holdings, LLC(6)	First lien senior secured loan	L +	3.25%	03/2028	6,190		5,682		5,384		3.4	%
Vistage Worldwide, Inc.(8)	First lien senior secured loan	SR +	5.25%	07/2029	3,990		3,831		3,890		2.4	%
					33,300		31,709		31,412		19.6	%
Capital markets
Guggenheim Partners Investment Management Holdings, LLC(9)	First lien senior secured loan	SR +	3.25%	12/2029	$	5,000	$	4,913	$	4,913	3.1	%
					5,000		4,913		4,913		3.1	%
Chemicals
Aruba Investments Holdings, LLC (dba Angus Chemical Company)(8)	First lien senior secured loan	SR +	4.75%	11/2027	$	3,000	$	2,794	$	2,933	1.9	%
Axalta Coating Systems US Holdings Inc.(9)(11)	First lien senior secured loan	SR +	3.00%	12/2029	5,000		4,950		5,000		3.1	%
Ineos US Finance LLC(9)	First lien senior secured loan	SR +	3.75%	11/2027	3,000		2,895		2,948		1.8	%
					11,000		10,639		10,881		6.8	%
Consumer products
Olaplex, Inc.(8)	First lien senior secured loan	SR +	3.50%	02/2029	$	5,287	$	4,905	$	4,970	3.1	%
					5,287		4,905		4,970		3.1	%
Containers and packaging
Berlin Packaging L.L.C.(7)(11)	First lien senior secured loan	L +	3.75%	03/2028	$	10,547	$	10,102	$	10,127	6.3	%
BW Holding, Inc.(9)	First lien senior secured loan	SR +	4.00%	12/2028	7,767		7,637		7,146		4.5	%

129


Blue Owl Credit Income Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands)
Company(1)(2)(4)(5)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
Ring Container Technologies Group, LLC(6)	First lien senior secured loan	L +	3.50%	08/2028	9,762		9,585		9,616		6.0	%
Tricorbraun Holdings, Inc.(6)(11)	First lien senior secured loan	L +	3.25%	03/2028	10,546		9,995		10,040		6.3	%
Valcour Packaging, LLC(9)	First lien senior secured loan	SR +	3.75%	10/2028	9,925		9,901		8,883		5.5	%
					48,547		47,220		45,812		28.6	%
Distribution
BCPE Empire Holdings, Inc. (dba Imperial-Dade)(8)(11)	First lien senior secured loan	SR +	4.63%	06/2026	$	9,762	$	9,434	$	9,469	5.9	%
Dealer Tire, LLC(8)	First lien senior secured loan	SR +	4.25%	12/2027	3,959		3,888		3,900		2.4	%
SRS Distribution, Inc.(6)	First lien senior secured loan	L +	3.50%	06/2028	10,573		9,839		10,097		6.3	%
White Cap Supply Holdings, LLC(8)(11)	First lien senior secured loan	SR +	3.75%	10/2027	10,573		10,020		10,208		6.4	%
					34,867		33,181		33,674		21.0	%
Diversified financial services
Focus Financial Partners, LLC(8)(11)	First lien senior secured loan	SR +	3.25%	06/2028	$	4,988	$	4,901	$	4,921	3.1	%
					4,988		4,901		4,921		3.1	%
Education
Severin Acquisition, LLC (dba Powerschool)(8)	First lien senior secured loan	SR +	3.00%	08/2025	$	4,897	$	4,807	$	4,860	3.0	%
Sophia, L.P.(8)	First lien senior secured loan	SR +	4.25%	10/2027	9,762		9,739		9,738		6.1	%
					14,659		14,546		14,598		9.1	%
Energy equipment and services
AZZ Inc.(9)	First lien senior secured loan	SR +	4.25%	05/2029	$	7,950	$	7,882	$	7,950	5.0	%
Brookfield WEC Holdings Inc.(8)(11)	First lien senior secured loan	SR +	3.75%	08/2025	3,491		3,465		3,473		2.1	%
Pike Corp.(6)(11)	First lien senior secured loan	L +	3.00%	01/2028	9,800		9,607		9,651		6.0	%
					21,241		20,954		21,074		13.1	%
Financial services
Acuris Finance US, Inc. (ION Analytics) (9)(11)	First lien senior secured loan	SR +	4.00%	02/2028	$	4,500	$	4,396	$	4,416	2.8	%
AllSpring Buyer(9)	First lien senior secured loan	SR +	4.00%	11/2028	4,988		4,921		4,925		3.1	%
Deerfield Dakota Holding, LLC(8)(11)	First lien senior secured loan	SR +	3.75%	04/2027	5,910		5,597		5,509		3.4	%
					15,398		14,914		14,850		9.3	%
Food and beverage
Eagle Parent Corp.(9)(11)	First lien senior secured loan	SR +	4.25%	04/2029	$	2,722	$	2,674	$	2,668	1.7	%
Naked Juice LLC (dba Tropicana)(9)(11)	First lien senior secured loan	SR +	3.25%	01/2029	10,573		9,668		9,430		5.9	%
Nomad Foods Europe Midco Ltd.(8)(11)	First lien senior secured loan	SR +	3.75%	11/2029	5,000		4,801		4,979		3.1	%
Pegasus BidCo B.V.(9)	First lien senior secured loan	SR +	4.25%	07/2029	4,500		4,306		4,354		2.7	%
Shearer’s Foods, LLC(6)(11)	First lien senior secured loan	L +	3.50%	09/2027	8,807		8,196		8,376		5.2	%
					31,602		29,645		29,807		18.6	%
Healthcare equipment and services
Confluent Medical Technologies, Inc.(9)	First lien senior secured loan	SR +	3.75%	02/2029	$	9,762	$	9,620	$	9,250	5.8	%
Dermatology Intermediate Holdings III, Inc(8)	First lien senior secured loan	SR +	4.25%	03/2029	9,950		9,829		9,751		6.1	%
Dermatology Intermediate Holdings III, Inc(8)(12)	First lien senior secured delayed draw term loan	SR +	4.25%	03/2029	1,629		1,618		1,596		1.0	%
Medline Borrower, LP(6)(11)	First lien senior secured loan	L +	3.25%	10/2028	6,327		5,831		6,005		3.7	%

130


Blue Owl Credit Income Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands)
Company(1)(2)(4)(5)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
MJH Healthcare Holdings, LLC(8)	First lien senior secured loan	SR +	3.50%	01/2029	3,831		3,767		3,678		2.3	%
Natus Medical Inc.(10)	First lien senior secured loan	SR +	5.50%	07/2029	4,500		4,191		4,207		2.6	%
					35,999		34,856		34,487		21.5	%
Healthcare providers and services
Covetrus, Inc.(9)(11)	First lien senior secured loan	SR +	5.00%	10/2029	$	9,500	$	8,940	$	8,878	5.5	%
Pediatric Associates Holding Company, LLC(6)	First lien senior secured loan	L +	3.25%	12/2028	3,422		3,356		3,242		2.0	%
Phoenix Newco, Inc. (dba Parexel)(6)(11)	First lien senior secured loan	L +	3.25%	11/2028	7,444		7,170		7,156		4.5	%
Physician Partners, LLC(8)(11)	First lien senior secured loan	SR +	4.00%	12/2028	9,950		9,407		9,457		5.9	%
Premise Health Holding(9)	First lien senior secured loan	SR +	4.75%	07/2025	3,234		3,197		3,193		2.0	%
					33,550		32,070		31,926		19.9	%
Healthcare technology
Athenahealth Group Inc.(8)(11)	First lien senior secured loan	SR +	3.50%	02/2029	$	9,403	$	8,636	$	8,466	5.3	%
Athenahealth Group Inc.(8)(11)(12)	First lien senior secured delayed draw term loan	SR +	3.50%	02/2029	—		(112)		(109)		(0.1)	%
Imprivata, Inc.(8)	First lien senior secured loan	SR +	4.25%	12/2027	9,762		9,583		9,396		5.9	%
Verscend Holding Corp.(6)	First lien senior secured loan	L +	4.00%	08/2025	9,944		9,821		9,870		6.1	%
					29,109		27,928		27,623		17.2	%
Infrastructure and environmental services
Osmose Utilities Services, Inc.(6)	First lien senior secured loan	L +	3.25%	06/2028	$	9,762	$	9,052	$	9,249	5.8	%
USIC Holdings, Inc.(6)(11)	First lien senior secured loan	L +	3.50%	05/2028	2,977		2,831		2,837		1.7	%
					12,739		11,883		12,086		7.5	%
Insurance
Acrisure, LLC(9)	First lien senior secured loan	SR +	5.75%	02/2027	$	6,500	$	6,182	$	6,435	4.1	%
AssuredPartners, Inc.(8)	First lien senior secured loan	SR +	4.25%	02/2027	4,988		4,814		4,875		3.0	%
Hub International Limited(7)(11)	First lien senior secured loan	L +	3.25%	04/2025	9,924		9,756		9,823		6.1	%
					21,412		20,752		21,133		13.2	%
Internet software and services
Barracuda Parent, LLC(8)	First lien senior secured loan	SR +	4.50%	08/2029	$	10,600	$	10,141	$	10,203	6.3	%
CDK Global, Inc.(9)(11)	First lien senior secured loan	SR +	4.50%	07/2029	10,600		10,366		10,492		6.5	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(9)(11)	First lien senior secured loan	SR +	3.75%	12/2027	10,573		9,666		9,741		6.1	%
E2open, LLC(6)(11)	First lien senior secured loan	L +	3.50%	02/2028	3,868		3,756		3,793		2.4	%
Hyland Software, Inc.(6)(11)	First lien senior secured loan	L +	3.50%	07/2024	9,948		9,732		9,802		6.1	%
Sophos Holdings, LLC(7)	First lien senior secured loan	L +	3.50%	03/2027	10,546		10,319		10,203		6.4	%
					56,135		53,980		54,234		33.8	%
Leisure and entertainment
Delta 2 (Lux) SARL (dba Formula One)(8)	First lien senior secured loan	SR +	3.25%	01/2030	$	3,000	$	2,970	$	2,993	1.8	%
WMG Acquisition Corp.(8)(11)	First lien senior secured loan	SR +	3.00%	01/2028	4,000		3,922		3,953		2.5	%
					7,000		6,892		6,946		4.3	%
Manufacturing

131


Blue Owl Credit Income Senior Loan Fund's Portfolio as of December 31, 2022 ($ in thousands)
Company(1)(2)(4)(5)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(3)		Fair Value		Percentage of Members’ Equity
DXP Enterprises, Inc.(10)	First lien senior secured loan	SR +	5.25%	12/2027	$	4,987	$	4,717	$	4,738	3.0	%
Gates Global LLC(8)(11)	First lien senior secured loan	SR +	3.50%	11/2029	1,995		1,936		1,978		1.2	%
Pro Mach Group, Inc.(6)(11)	First lien senior secured loan	L +	4.00%	08/2028	10,547		10,282		10,241		6.4	%
Pro Mach Group, Inc.(9)	First lien senior secured loan	SR +	5.00%	08/2028	4,000		3,800		3,884		2.4	%
					21,529		20,735		20,841		13.0	%
Professional services
Apex Group Treasury, LLC(9)	First lien senior secured loan	SR +	5.00%	07/2028	$	2,500	$	2,350	$	2,400	1.5	%
Apex Group Treasury, LLC(7)(11)	First lien senior secured loan	L +	3.75%	07/2028	4,938		4,748		4,691		2.9	%
EM Midco2 Ltd. (dba Element Materials Technology)(9)	First lien senior secured loan	SR +	4.25%	06/2029	2,053		1,988		2,012		1.3	%
Sovos Compliance, LLC(9)	First lien senior secured loan	SR +	4.50%	08/2028	10,547		10,200		9,703		6.0	%
					20,038		19,286		18,806		11.7	%
Telecommunications
Park Place Technologies, LLC(8)(11)	First lien senior secured loan	SR +	5.00%	11/2027	$	9,762	$	9,268	$	9,172	5.7	%
Zayo Group Holdings, Inc.(8)(11)	First lien senior secured loan	SR +	4.25%	03/2027	9,925		8,294		8,196		5.1	%
					19,687		17,562		17,368		10.8	%
Total Debt Investments					$	529,463	$	507,996	$	506,202	315.6	%
Total Investments					$	529,463	$	507,996	$	506,202	315.6	%