CHICAGO--(BUSINESS WIRE)--Oct. 11, 2018--
OFS Capital Corporation (the “Company”) (Nasdaq:OFS) announced today
that it has commenced an underwritten offering of unsecured notes due
2025 (the “Notes”), subject to market and other conditions. The Company
has submitted an application for the Notes to be listed and trade on The
Nasdaq Global Select Market under the trading symbol “OFSSB”. If
approved for listing, the Company expects the Notes to begin trading
within 30 days from the original issue date. The interest rate and other
terms of the Notes will be determined at the time of pricing of the
offering.
The Company intends to use the net proceeds of the offering to fund
investments in debt and equity securities in accordance with its
investment objective and for other general corporate purposes. The
Company also intends to use a portion of the net proceeds from the
offering to repay outstanding indebtedness under its revolving credit
facility. As of October 9, 2018, the Company had $31 million of
indebtedness outstanding under the credit facility.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann
Financial Services Inc. (NYSEMKT: LTS), BB&T Capital Markets, a division
of BB&T Securities, LLC, and Janney Montgomery Scott LLC are acting as
joint book-running managers for the offering. B. Riley FBR, Inc.Incapital LLC, National Securities Corporation, a wholly owned
subsidiary of National Holdings Corporation (NasdaqCM:NHLD) and
William Blair are acting as lead managers for the offering.
Investors are advised to carefully consider the investment objective,
risks and charges and expenses of the Company before investing. The
preliminary prospectus supplement, dated October 11, 2018, and
accompanying prospectus, dated June 11, 2018, each of which has been
filed with the Securities and Exchange Commission, contain a description
of these matters and other important information about the Company and
should be read carefully before investing.
The information in the preliminary prospectus supplement, the
accompanying prospectus and this press release is not complete and may
be changed. This press release does not constitute an offer to sell or
the solicitation of an offer to buy the securities in this offering or
any other securities nor will there be any sale of these securities or
any other securities referred to in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of
such state or jurisdiction.
A shelf registration statement relating to these securities is on
file with and has been declared effective by the Securities and Exchange
Commission. The offering may be made only by means of a prospectus and a
related prospectus supplement, copies of which may be obtained, when
available, from: Ladenburg Thalmann & Co. Inc., 277 Park Avenue, 26th
Floor, New York, New York 10172, or: 1-800-573-2541, or: prospectus@ladenburg.com.
About OFS Capital Corporation
OFS Capital Corporation is an externally managed, closed-end,
non-diversified management investment company that has elected to be
regulated as a business development company. OFS Capital's investment
objective is to provide stockholders with both current income and
capital appreciation primarily through debt investments and, to a lesser
extent, equity investments. OFS Capital invests primarily in privately
held middle-market companies in the United States, including
lower-middle-market companies, targeting investments of $3 to $20
million in companies with annual EBITDA between $3 million and $50
million. OFS Capital offers flexible solutions through a variety of
asset classes including senior secured loans, which includes first-lien,
second-lien and unitranche loans, as well as subordinated loans and, to
a lesser extent, warrants and other equity securities. OFS Capital's
investment activities are managed by OFS Capital Management, LLC, an
investment adviser registered under the Investment Advisers Act of 1940
and headquartered in Chicago, Illinois, with additional offices in New
York and Los Angeles.
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements”,
which relate to future events or our future operations, performance or
financial condition. Forward-looking statements include statements
regarding our intentions related to the offering discussed in this press
release, including the use of proceeds from the offering. These
statements are not guarantees of future performance, condition or
results and involve a number of risks and uncertainties. Actual results
and outcomes may differ materially from those anticipated in the
forward-looking statements as a result of a variety of factors,
including those described from time to time in our filings with the
Securities and Exchange Commission or factors that are beyond our
control. The Company undertakes no obligation to publicly update or
revise any forward-looking statements made herein. All forward-looking
statements speak only as of the time of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181011005487/en/
Source: OFS Capital Corporation
OFS Capital Corporation
INVESTOR RELATIONS:
Steve Altebrando,
646-652-8473
saltebrando@ofsmanagement.com