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Published on 3/15/2021 in the Prospect News Investment Grade Daily.

OFS Capital plans to sell add-on to 4.75% notes due 2026

Chicago, March 15 – OFS Capital Corp. is planning an add-on to its 4.75% notes due Feb. 10, 2026, according to a 424B5 filing with the Securities and Exchange Commission.

The notes can be optionally redeemed at a make-whole amount until Nov. 10, 2025. After that date, the notes can be redeemed at par.

If a change-of-control repurchase event occurs, noteholders would have the option to have the company buy back the notes at par.

Goldman Sachs & Co. LLC is the bookrunner.

Proceeds will be used to fund investments in debt and equity securities in accordance with the company’s investment objectives. Proceeds may also be used for general corporate purposes or repay debt under the BNP facility of which $35.7 million was outstanding on March 12.

OFS is a Chicago-based non-diversified management investment company.


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