By James McCandless
San Antonio, Sept. 15 – OFS Capital Corp. priced a $25 million offering of $25-par three-year notes (Egan-Jones: BBB-) with a coupon of 6.25%, according to a press release and an FWP filing with the Securities and Exchange Commission.
There is a $3.75 million greenshoe.
Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and National Securities Corp. are the bookrunners.
Coupons are payable on Jan. 31, April 30, July 31 and Oct. 31, starting on Jan. 31, 2021.
The notes are redeemable on or after Sept. 30, 2021 at par.
OFS plans to use the proceeds to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes.
The company plans to list the notes on the Nasdaq under the symbol “OFSSG.”
OFS is a Chicago-based non-diversified management investment company.
| Issuer: | OFS Capital Corp.
|
| Description: | Notes
|
| Amount: | $25 million
|
| Greenshoe: | $3.75 million
|
| Maturity: | Sept. 20, 2023
|
| Bookrunners: | Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and National Securities Corp.
|
| Coupon: | 6.25%
|
| Price: | Par of $25.00
|
| Yield: | 6.25%
|
| Call: | On or after Sept. 30, 2021 at par
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 18
|
| Rating: | Egan-Jones: BBB-
|
| Distribution: | SEC registered
|
| Listing: | Nasdaq: OFSSG
|
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