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OFS Capital prices $50M notes offering

Oct. 09, 2019 3:50 PM ETOFS Capital (OFS)By: Liz Kiesche, SA News Editor
  • OFS Capital (NASDAQ:OFS) reports the pricing of $50M of 5.95% notes due 2026.
  • Net proceeds will be ~$48.14M, or $55.4M if underwriters fully exercise over-allotment option, based on public offering price of 100% of the aggregate principal amount of the notes.
  • Intends to use proceeds to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes.
  • Plans to use part of the proceeds to repay debt outstanding under its revolving credit facility. As of Oct. 7, OFS Capital had $45.8M of debt outstanding under the credit facility.

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