OFS Capital Initiates Unsecured Notes Offering to Redeem 2026 Debt

OFS Capital Corporation has initiated an underwritten offering of unsecured notes, aiming to list them on Nasdaq under "OFSSO". The proceeds will be used to redeem $25 million of its outstanding 4.75% notes due in 2026. Joint lead book-running managers are Lucid Capital Markets and Goldman Sachs & Co. LLC. Investors should consider the investment's objectives, risks, and expenses before investing.

OFS Capital Corporation (OFS) has initiated an underwritten offering of unsecured notes, with the aim of listing them on Nasdaq under the trading symbol "OFSSO" [1]. The company has submitted an application for the notes to be listed and trade on the Nasdaq Global Select Market, with the expectation that they will begin trading within 30 days from the original issue date [1].

The proceeds from this offering will be used to partially redeem $25 million in aggregate principal amount of the company's 4.75% notes due in 2026. As of July 14, 2025, the company had approximately $125.0 million aggregate principal amount outstanding of its 4.75% notes due 2026 [1]. On July 11, 2025, OFS issued notices to 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 [1]. On August 11, 2025, OFS will redeem $25.0 million in aggregate principal amount of its 4.75% notes due 2026, plus accrued interest and any required make-whole premium payment [1].

The interest rate and other terms of the unsecured notes will be determined at the time of pricing of the offering. Lucid Capital Markets, LLC and Goldman Sachs & Co. LLC are acting as joint lead book-running managers of this offering [1]. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Company before investing [1].

The preliminary prospectus supplement, dated July 16, 2025, and accompanying prospectus, dated May 29, 2024, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing [1]. The information in the preliminary prospectus supplement, the accompanying prospectus, and this press release is not complete and may be changed [1].

References:
[1] https://www.businesswire.com/news/home/20250716964259/en/OFS-Capital-Corporation-Commences-Offering-of-Notes