By James McCandless
San Antonio, Oct. 9 – OFS Capital Corp. sold a $50 million offering of $25-par seven-year notes (Egan-Jones: BBB+) at par with a coupon of 5.95%, according to a press release.
There is a $7.5 million greenshoe.
The offering was announced on Tuesday.
Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and BB&T Capital Markets are the joint bookrunners.
Incapital LLC and National Securities Corp. are the lead managers.
The notes are redeemable on or after Oct. 31, 2021.
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 under the symbol “OFSSI.”
OFS Capital is a Chicago-based non-diversified management investment company.
| Issuer: | OFS Capital Corp.
|
| Description: | Notes
|
| Amount: | $50 million
|
| Greenshoe: | $7.5 million
|
| Maturity: | Oct. 31, 2026
|
| Bookrunners: | Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and BB&T Capital Markets
|
| Lead managers: | Incapital LLC and National Securities Corp.
|
| Dividend: | 5.95%
|
| Price: | Par of $25.00
|
| Yield: | 5.95%
|
| Call: | On or after Oct. 31, 2021
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 15
|
| Rating: | Egan-Jones: BBB+
|
| Distribution: | SEC registered
|
| Listing: | Nasdaq: OFSSI
|
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