OFS Credit to price $25-par series E term preferred stock

By Marisa Wong

Los Angeles, Dec. 1 – OFS Credit Co., Inc. plans to issue shares of $25-par series E term preferred stock, according to a 424B5 filing with the Securities and Exchange Commission.

Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc. and InspereX LLC are the underwriters of the offering, which has a 30-day greenshoe.

The company intends to list the series E preferred stock on the Nasdaq Capital Market under the trading symbol “OCCIN.”

The company said it intends to use proceeds to acquire investments according to its investment objectives and strategies and for general working capital purposes.

The company said it may also use proceeds to redeem all or a portion of its outstanding 6.875% series A term preferred stock due 2024.

OFS Credit is a non-diversified, externally managed closed-end management investment company based in Chicago.

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