OFS Capital Initiates Public Offering of Unsecured Notes, Plans Partial Redemption of 2026 Notes

OFS Capital has launched an underwritten public offering of unsecured notes with terms to be finalized. The company plans to use net proceeds to partially redeem its existing 4.75% Notes due 2026, with $125 million remaining outstanding as of July 14, 2025. Lucid Capital Markets and Goldman Sachs & Co. LLC are serving as joint lead book-running managers. The offering is expected to begin trading on Nasdaq Global Select Market under the symbol "OFSSO".

Title: OFS Capital Commences Offering of Unsecured Notes

OFS Capital Corporation (OFS), a closed-end management investment company, has launched an underwritten public offering of unsecured notes. The company aims to use the net proceeds from this offering to partially redeem its existing 4.75% Notes due 2026, with $125 million remaining outstanding as of July 14, 2025 [1]. The notes will be listed and traded on the Nasdaq Global Select Market under the symbol "OFSSO" [2], pending approval.

The offering is being managed by Lucid Capital Markets, LLC, and Goldman Sachs & Co. LLC, acting as joint lead book-running managers [1]. The interest rate and other terms of the notes will be determined at the time of pricing [1]. OFS Capital has notified holders of its intention to redeem $25 million of the principal on August 11, 2025, including accrued interest and any applicable make-whole premium [3].

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 [3]. The notes to be redeemed (CUSIP No. 67103B AA8) will be repurchased at the greater of 100% of the principal amount or the sum of the present value of the remaining scheduled payments of principal and interest, discounted to the redemption date using the applicable Treasury Rate plus 50 basis points [3].

OFS Capital's common stock and certain notes are listed on the Nasdaq Global Select Market under the symbols OFS and OFSSH, respectively [3]. The company's dividend yield of 16.1% and its history of maintaining dividend payments for 13 consecutive years reflect its strong financial discipline [3].

The offering is subject to market and other conditions and may be made only by means of a prospectus and a related prospectus supplement [1]. The preliminary prospectus supplement and accompanying prospectus have been filed with the Securities and Exchange Commission and can be obtained from Lucid Capital Markets, LLC, or by visiting EDGAR on the Securities and Exchange Commission website [1].

References
[1] https://www.businesswire.com/news/home/20250716964259/en/OFS-Capital-Corporation-Commences-Offering-of-Notes
[2] https://www.nasdaq.com/articles/ofs-capital-launches-offering-unsecured-notes-plans-partial-redemption-2026-notes
[3] https://za.investing.com/news/sec-filings/ofs-capital-announces-partial-redemption-of-475-notes-due-2026-93CH-3786734