Chicago, March 15 – OFS Capital Corp. sold an additional $25 million of 4.75% notes due Feb. 10, 2026 (Egan-Jones: BBB) at 101.038 to yield 4.5%, according to an FWP filing with the Securities and Exchange Commission.
The notes came with a spread of Treasuries plus 367.3 basis points.
The notes are fungible with the $100 million of notes issued earlier.
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.
| Issuer: | OFS Capital Corp.
|
| Issue: | Notes
|
| Amount: | $25 million add-on
|
| Maturity: | Feb. 10, 2026
|
| Bookrunner: | Goldman Sachs & Co. LLC
|
| Coupon: | $4.75%
|
| Price: | 101.38
|
| Yield: | 4.5%
|
| Spread: | Treasuries plus 367.3 bps
|
| Call features: | Make-whole call until Nov. 10, 2025 at Treasuries plus 50 bps; thereafter at par
|
| Change-of-control put: | At par
|
| Trade date: | March 15
|
| Settlement date: | March 18
|
| Rating: | Egan-Jones: BBB
|
| Distribution: | SEC registered
|
| Original issue: | $100 million
|
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