Cox Capital Adjusts Commencement Date for Blue Owl Credit Income Corp. Tender Offer
Cox Capital moved the commencement of its cash tender offer for OCIC Class I shares to October 23, 2026, providing a fresh notice as an accommodation to Blue Owl after the fund flagged a mismatch with the original notification. Economic terms are unchanged: up to $10 million of shares at $7.31, a 20% discount to OCIC's $9.14 NAV, expiring November 25. The release discloses OCIC saw preliminary Q3 repurchase requests of roughly $3.1 billion, or 16.8% of shares outstanding, against a 5% quarterly repurchase cap — the liquidity gap Cox's offer is designed to fill.
Key figures
- Expiration
- November 25, 2026, 5:00 p.m. ET
- Obdc close
- $10.11 on October 9, 2026 (29.1% discount to NAV of $14.26 as of June 30, 2026)
- Offer size
- $10 million aggregate value of OCIC Class I shares
- Commencement
- October 23, 2026
- Discount to nav
- 20% discount to OCIC NAV of $9.14 as of August 31, 2026
- Additional capacity
- ~$196 million (up to additional 2% of outstanding Class I shares)
- Offer price per share
- 7.31
- Ocic q3 repurchase requests
- $3.1 billion (16.8% of shares outstanding as of June 30, 2026)
- Original notice share count
- up to 33 million OCIC Class I shares (~$240 million)
AI analysis
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