OFS Capital offers $35 million $25-par notes due 2025 at 6.5% area

By James McCandless

San Antonio, Oct. 11 – OFS Capital Corp. plans to price a $35 million offering of $25-par notes due 2025 with a coupon in the 6.5% area, according to a market source and filings with the Securities and Exchange Commission.

The deal was announced Thursday morning.

Ladenburg Thalmann & Co. Inc., BB&T Capital Markets and Janney Montgomery Scott LLC are the joint bookrunners.

B. Riley FBR, Inc., Incapital LLC, National Securities Corp. and William Blair & Co. LLC are lead managers.

The notes are redeemable on or after a certain period.

OFS Capital 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 Global Select Market under the symbol “OFSSB.”

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

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