OFS Capital Commences Offering of Unsecured Notes, Plans to Redeem 4.75% Notes Due 2026

OFS Capital Corporation has commenced an underwritten offering of unsecured notes, subject to market conditions. The company intends to use the net proceeds to partially redeem its 4.75% Notes due 2026, which mature on February 10, 2026. The interest rate and other terms will be determined at the time of pricing. The offering is expected to begin trading within 30 days if approved for listing on The Nasdaq Global Select Market.

OFS Capital Corporation (OFS) has announced the commencement of an underwritten offering of unsecured notes, subject to market conditions. The company aims to use the net proceeds from this offering to partially redeem its 4.75% Notes due 2026, which are set to mature on February 10, 2026. The interest rate and other terms of the notes will be determined at the time of pricing. If approved for listing on The Nasdaq Global Select Market, the offering is expected to begin trading within 30 days [1].

The company has submitted an application for the Notes to be listed and traded under the trading symbol "OFSSO". The redemption of the 4.75% Notes due 2026 will involve a portion of the $125.0 million aggregate principal amount outstanding, totaling $25.0 million in aggregate principal amount, plus accrued interest and any required make-whole premium payment. The redemption is scheduled to take place on August 11, 2025 [2].

OFS Capital has notified the holders of the 4.75% Notes due 2026 regarding the exercise of its option to redeem a portion of the issued and outstanding amount of such notes. The redemption will be conducted under the terms outlined in the Indenture dated April 16, 2018, and the Fifth Supplemental Indenture dated February 10, 2021, between OFS Capital and U.S. Bank Trust Company, National Association, as trustee [3].

Lucid Capital Markets, LLC and Goldman Sachs & Co. LLC are acting as joint lead book-running managers of this offering. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Company before investing. The preliminary prospectus supplement and accompanying prospectus, both filed with the Securities and Exchange Commission, contain detailed information about the Company and should be reviewed carefully before making any investment decisions [1].

References:
[1] https://www.streetinsider.com/SEC+Filings/Form+497AD+OFS+Capital+Corp/25057534.html
[2] https://seekingalpha.com/news/4467440-ofs-capital-estimates-lower-nav-per-share-as-of-june-30
[3] https://za.investing.com/news/sec-filings/ofs-capital-announces-partial-redemption-of-475-notes-due-2026-93CH-3786734