ࡱ>   l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~<#܈ ~~3#܈ ~~4#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33[OFS Capital Corporation [ None0TABLE OF CONTENTSI2Defined TermspAdditional AssumptionsAdditional Assu (1)&We finance our investments with&CPrice Range of Common Stock Hol&Sales of Unregistered SecuritieRevenue recognition54Fair value estimates0%Portfolio Compositionr9Portfolio Compo (1)RPortfolio Compo (2)kPortfolio Compo (3)Investment Activity"_Noncash Investment Activity& Comparison of years ended Decem%Comparison of years ended (1)5Expenses#Net gain loss on investments&Sources and Uses of Cash and Ca$SBA Debentures&<Contractual Obligations and OffORecent DevelopmentsHbRecent Developm (1)$tIndex to Financial Statements"Consolidated Balance Sheets&IConsolidated Statements of Oper#Consolidated Statements (1)#Consolidated Statements (2) /December 31 2017eDecember 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)5December 31 201 (5)^December 31 201 (6)pDecember 31 2016gDecember 31 201 (7)December 31 201 (8)HDecember 31 201 (9)o5December 31 201 (10)iDecember 31 201 (11)December 31 201 (12)New Accounting StandardsʾNote 5 Investments&102OFS Capital Corporation and &_103OFS Capital Corporation and B-103OFS Capital (1)&`@104OFS Capital Corporation and &Gs105OFS Capital Corporation and &106OFS Capital Corporation and 1106OFS Capital (1)&ȼ109OFS Capital Corporation and 109OFS Capital (1)&110OFS Capital Corporation and & 111OFS Capital Corporation and &!.Note 7 Commitments and Continge&>113OFS Capital Corporation and %VNote 9 Federal Income Tax!BgNote 9 Federal Income (1)&.v115OFS Capital Corporation and 115OFS Capital (1)#nNote 10 Financial Highlights&117OFS Capital Corporation and &Note 12 Selected Quarterly FinaENote 12 Selected (1)& Note 13 Consolidated Schedule o&?120OFS Capital Corporation and &&v121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)"BUSINESS LOAN AGREEMENT S CHANGE IN TERMS AGREEMENT COMMERCIAL GUARANTY l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 0}       OFS Capital Corp 10-K 03/12/2018OFS Capital Corporation   Delaware  46-1339639! (State or jurisdiction of (I.R.S. Employer& incorporation or organization) Identification No.)  &10 S. Wacker Drive, Suite 2500~ Chicago, Illinois0((Address of principal executive offices) (Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0wk_G{C&=PF0*8X> @ l  /  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } U} 8} } $      OFS Capital Corp 10-K 03/12/2018 None     Large accelerated filer ? Accelerated filer x     Non-accelerated filer7 /? (Do not check if a smaller reporting company)! Smaller reporting company ?    Emerging growth company ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0~rB*RF:=PF0*8X> @ l  7^BH  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNone2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } y } :}  7     OFS Capital Corp 10-K 03/12/2018TABLE OF CONTENTS      Page PART 1 Item 1. Business~  Item 1A.  Risk Factors~ bItem 1B.!Unresolved Staff Comments~ Item 2. Properties~ Item 3.Legal Proceedings~ Item 4.Mine Safety Disclosures~ PART IIItem 5..&Market for Registrant?s Common Equity,~ .&Related Stockholder Matters and Issuer&Purchases of Equity SecuritiesItem 6.,$Selected Consolidated Financial Data~ Item 7.,$Management?s Discussion and Analysis~ 80of Financial Condition and Results of OperationsItem 7A.0(Quantitative and Qualitative Disclosures~ about Market RiskItem 8..&Financial Statements and Supplementary~ " DataItem 9.5-Changes in and Disagreements with Accountants~ .&on Accounting and Financial DisclosureD>l}qeAQy&arI !"#$%&'()*+,-./0123456 Item 9A. Controls and Procedures~ !Item 9B.!Other Information~ !"#PART III$Item 10.3$+Directors, Executive Officers and Corporate~ $%% Governance&Item 11.&Executive Compensation~ &'Item 12.0'(Security Ownership of Certain Beneficial~ '(5(-Owners and Management and Related Stockholder))Matters*Item 13.7*/Certain Relationships and Related Transactions,~ *+!+and Director Independence,Item 14..,&Principal Accounting Fees and Services~ ,-.PART IV/Item 15.2/*Exhibits and Financial Statement Schedules~ /0Item 16.0Form 10-K Summary~ 01 Signatures~ 123$4____________________________15)Created by Morningstar Document Research.06(http://documentresearch.morningstar.com/2N|p\GUK'=PF0*8X> @B66554411..##  l  `[_fMp  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTSAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } %} ? 2 *provides the Company with a senior secured!!!revolving credit facility "Board(" The Company's board of directors #Code1#)Internal Revenue Code of 1986, as amended $DRIP&$Distribution reinvestment plan%EBITDA6%.Earnings before interest, taxes, depreciation,&&and amortization' Exchange Act''Securities Exchange Act of 1934 (FASB,($Financial Accounting Standards Board )FDIC-)%Federal Deposit Insurance Corporation *GAAP0*(Accounting principles generally accepted++in the United States ,HPCI.,&Hancock Park Corporate Income, Inc., a-2-*non-traded BDC with an investment strategy.3.+similar to the Company for whom OFS Advisor/$/serves as investment adviser 0ICTI-0%Investment company taxable income, as1/1'defined in the Code, which is generally2/2'net ordinary income plus net short-term303(capital gains in excess of net long-term44capital losses%5Investment Advisory Agreement-5%Investment advisory agreement between626*the Company and OFS Advisor dated November777, 2012 8IPO8Initial Public Offering 9LIBOR%9London Interbank Offered Rate: OFS Advisor3:+OFS Capital Management, LLC, a wholly owned;5;-subsidiary of OFSAM and registered investment<"<advisor under the 1940 Act =OFSC4=,Orchard First Source Capital, Inc., a wholly>!>owned subsidiary of OFSAM?OFS Capital WM>?6OFS Capital WM, LLC, a wholly owned investment-companyD8 lP ]U)b.o/ mNO@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@ subsidiaryA OFS Services1A)OFS Capital Services, LLC, a wholly ownedB0B(subsidiary of OFSAM and affiliate of OFSCCAdvisor DOFSAM.D&Orchard First Source Asset Management,E/E'LLC, a full-service provider of capitalF/F'and leveraged finance solutions to U.S.GG CorporationsH Prime Rate)H!United States Prime interest rateIPWB Credit Facility0I(Senior secured revolving credit facilityJ/J'between the Company and Pacific WesternKKBank, as lender LRIC5L-Regulated investment company under SubchapterMM M of Code NSBA*N"U.S. Small Business Administration OSBIC4O,A fund licensed under the SBA small businessP"Pinvestment company programQSBIC Acquisition2Q*The Company's acquisition of the remainingR1R)ownership interests in SBIC I LP and SBICS2S*I GP, LLC on December 4, 2013, making SBICT5T-I LP a wholly owned subsidiary of the CompanyUSBIC Act-U%Small Business Investment Act of 1958V SBIC I LP6V.OFS SBIC I, LP, a wholly owned SBIC subsidiaryWWof the Company XSEC/X'U.S. Securities and Exchange CommissionYWM Credit Facility3Y+Secured revolving line of credit with WellsZ3Z+Fargo Bank, N.A, terminated on May 28, 2015[\$]____________________________1^)Created by Morningstar Document Research.0_(http://documentresearch.morningstar.com/D lQ2qM xQ c1\]wkC=PF0*8X> @__^^]] l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } m} $} :      OFS Capital Corp 10-K 03/12/2018Additional Assumptions     Incentive Fee =8 0100% ? ?Catch-Up? + the greater of 0% AND (20%  2 *? (pre-incentive fee net investment income   ? 2.5%))    =#(100% ?(2.16% ? 2.0%)) + 0% = 100% ? 0.16% = 0.16%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/40xl`<` @ l  y  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional Assumptions!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } m} $} :      OFS Capital Corp 10-K 03/12/2018Additional Assumptions     Incentive Fee =8 0100% ? ?Catch-Up? + the greater of 0% AND (20%  2 *? (pre-incentive fee net investment income   ? 2.5%))    =7/(100% ? (2.5% ? 2.0%)) + (20% ? (2.86% ? 2.5%)) =0.5% + (20% ? 0.36%) = 0.5% + 0.07% = 0.57%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8xl`<` @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 2} y } $ } y } $ } I } $ } } $ }                      OFS Capital Corp 10-K 03/12/2018kcWe finance our investments with borrowed money, which magnifies the potential for gain or loss on a           / 'Assumed Return on Our Portfolio (Net of   Expenses)  (10)%  (5)%  ?%  5%  10%2 *Corresponding return to common stockholder (18.00)%  (10.63)%  (3.27)%  4.10%  11.47%~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*8hC7+\;=PF0*8X> @*     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } $} $                         OFS Capital Corp 10-K 03/12/2018>6Price Range of Common Stock, Holders and Distributions                                 ~  ~      Price Range   Distributions     Price Range   Distributions  NAV (1)  High  Low   Per Share (2)  NAV (1)  High  Low   Per Share (2) For the quarter ended:               March 31(\-@{Gz.@ +@   (\?L-@p= #*@(\#@(\?June 30,@)\(-@ +@   (\?Q-@+@)\'@(\? September 30L,@Gz,@ ףp= W)@   (\?ףp= W-@,@(\)@(\? December 31= ףp=,@ffffff*@ '@   (\?p= ף-@Gz.,@(@(\?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2 pdXL@QZ=PF0*8X> @1                      l  @  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock HolRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } :} $ } $} $ } $}  $ } $} $ } $} $ } $ @     OFS Capital Corp 10-K 03/12/2018( Sales of Unregistered Securities                     (  For the Years Ended December 31, ~  ~  ~ ~ ~ z ~ v% Statement of Operations Data:          Investment income         Interest income~ r~ ~  ұ  ~  B~ PIK interest income~ ~ ~    ~   ~ fDividend income~ ~ n~    ~  ~ &,$Preferred equity PIK dividend income~ ~ f~  r  ~   ? Fee income~ ~ ~  6  ~  J~ Total investment income~ J ~ ~  "  ~  d~  Expenses   Management fees~ N~ F~  Q  ~  -~ 5Incentive fees~ J.~ 4~  )  ~   ?Other expenses~ ҕ~ 2~    ~  ~ {Total expenses~ 6~ ~  &  ~  ~ bNet investment income~ ~ ~    ~  ~ ZY/'Net realized gain (loss) on investments~ j~ %~    ~  ~ ^+#Realized gain from SBIC Acquisition ? ?  ?    ?~ *1)Net unrealized appreciation (depreciation~ ~ ~~  c  ~  A~ bon investments1)Net increase in net assets resulting from~ {~ ~    ~  R~ w operationsDlznbVf.#Bz%X"=`y_ !"#$%&'()*+,-./0123456789:;<=>? Per share data:         !Net asset value!= ףp=,@!!!p= ף-@!!! Q-@! ! ! {Gz,@!!!)\(-@!"Net investment income"{Gz?"""\(\?""" = ףp=?" " " ffffff?"""zG?"/#'Net realized gain (loss) on investments#?###?### (\ſ# # # ffffffֿ###{Gz?#+$#Realized gain from SBIC Acquisition $?$$ $?$$ $ ?$ $  $ ?$$$(\?$2%*Net unrealized appreciation (depreciation)% ףp= %%%(\ҿ%%% Q?% % % zG?%%% ףp= %&on investments1')Net increase in net assets resulting from'{Gz?'''zG?''' = ףp=?' ' ' {Gz?'''?'( operations")Distributions declared (1))(\?)))(\?))) (\?) ) ) (\?)))RQ?))*!Balance sheet data at period end:***** * * **"+Investments, at fair value~ +++~ +n0++~ + B+ + ~ + ++~ +~+!,Cash and cash equivalents~ ,s,,~ ,,,~ , *, , ~ , ~,,~ ,f,,-$Restricted cash and cash equivalents -?-- -?-- - ?- -  - ?--~ - -. Other assets~ .~r..~ .Y...  4,666 (2). . .  11,823 (2)... 9,106 (2)./ Total assets~ /J//~ ////  294,676 (2)/ / /  336,504 (2)/// 276,044 (2)/ 0Debt~ 0^ 00~ 0ފ 000  146,460 (2)0 0 0  194,935 (2)000 131,912 (2)01Total liabilities~ 1W 11~ 1 111  151,664 (2)1 1 1  199,033 (2)111 135,666 (2)12Total net assets~ 2~ 22~ 222~ 2 2 2 ~ 2 c22~ 2j23Other data (unaudited):33333 3 3 3314)Weighted average yield on performing debt4Q8(@ 4%44)\((@ 4%44 Hz'@ 4 %4 4 (\#@ 4%44{G @ 4%5investments (3) (6)860Weighted average yield on total debt investments6Gz.'@ 6%66q= ףp'@ 6%66 Gz'@ 6 %6 6 R"@ 6%6633333 @ 6%7(4) (6)38+Weighted average yield on total investments833333$@ 8%88(\%@ 8%88 Gz%@ 8 %8 8 {G!@ 8%88(\B @ 8%9(5) (6)/:'Number of portfolio companies at period~ :::~ :::~ : : : ~ : ::~ :: ;end<$=____________________________1>)Created by Morningstar Document Research.0?(http://documentresearch.morningstar.com/Dly+S|D|zgsg?=PF0*8X> @??>>==:::::: :: ::888888 88 88666666 66 66444444 44 44222222 22 22111111 11 11000000 00 00////// // //...... .. ..------ -- --,,,,,, ,, ,,++++++ ++ ++)))))) )) ))'''''' '' ''%%%%%% %% %%$$$$$$ $$ $$###### ## ##"""""" "" ""!!!!!! !! !!                                    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered Securitie54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } =}  $                          OFS Capital Corp 10-K 03/12/2018Revenue recognition             ~  ~  ~ ~ Loans:     : 2Net Loan Fees (1) (excluding equity securities~   ~   ~   and cash amendment fees);3Equity securities (including performance-contingent ?~ *  ?  fees);3Equity securities (including performance-contingent ?~    ?  fees) Capital structuring fees~ N~ ~  6  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4 {oc7o}qe==PF0*8X> @          l   G#  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognitionPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } m)} $ } -} $      OFS Capital Corp 10-K 03/12/201854Fair value estimates                         ' Fair Value at December 31, 2017 - %Weighted average discount rate/EBITDA ! Discount rate sensitivity # EBITDA multiple sensitivity* "Valuation Method / Investment Type     % multiple at December 31, 2017  -10%  +10%  +0.5x  -0.5x         Weighted  Weighted         average  averageDiscounted cash flow  Debt investments:   Senior Secured~ J 12.24%~ x   ~    N/A N/A Subordinated~ 614.69%~   ~  & N/A N/A  Enterprise value  Debt investments:  Senior Secured~  7.50x N/A    N/A~ B~ 2 Subordinated~ ? 6.37x N/A    N/A~ BJ~ 5  Equity investments:  Preferred equity~ , 7.80x N/A    N/A~ f4~ : "Common equity and warrants~  6.27x N/A    N/A~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/Dlxl`Lhc=2Qf=PF0*8X> @b,                        l  7  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } *} $      OFS Capital Corp 10-K 03/12/2018Portfolio Composition                  December 31, 2017  December 31, 2016  Amortized Cost   Fair Value  Amortized Cost   Fair Value+ #Senior secured debt investments (1)~    ~    ~    ~ n  % Subordinated debt investments~   ~   ~ ~  ~  Preferred equity~ x~ ,~  k  ~  r"Common equity and warrants~ j~ V~  o  ~  ~ ޲~ ~  .   ~  n0+#Total number of portfolio companies~ ~ ~    ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2ymaOO]b=PF0*8X> @ !                    l  Q  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } } $ }  } $}  $ } } $} $ }  } $} $ }  } $      OFS Capital Corp 10-K 03/12/2018Portfolio Composition                              Amortized Cost   Fair Value  December 31, 2017  December 31, 2016  December 31, 2017  December 31, 2016  South - US~    E@ % ~ S   33333sE@ % ~ n   33333sF@ % ~ >z   E@ % Northeast - US~ *   YB@  ~ :   33333>@  ~    ffffff@@  ~    ;@  West - US~ B&@~ ›   3333335@ ~ &'@~ 333335@ Midwest - US~ >?~ ~    ffffff@ ~ !@~ ffffff@Canada~ =ffffff?~ N=   ffffff? ~ ??~ N=ffffff? Total~ ޲~  %~ .   ~    %~ ~  %~ n0~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2 yma%@yma9=PF0*8X> @ !                   l  Ej  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } } $ }  } $}  $ } } $} $ }  } $} $ }  } $      OFS Capital Corp 10-K 03/12/2018Portfolio Composition                              Amortized Cost   Fair Value  December 31, 2017  December 31, 2016  December 31, 2017  December 31, 2016  Up to $4,000~ λ   %@ % ~    +@ % ~    333333$@ % ~ .  ~ F % $4,001 to $7,000~ ^@   4@  ~ 2   L7@  ~    2@  ~ `   6@ $7,001 to $10,000~ )Y@@~    ?@ ~   A@~ ~~ $10,001 to $13,000~ *M333333-@~    +@ ~ FR.@~ fK.@Greater than $13,000~ \L5@~    ffffff1@ ~ G5@~ r~ 2 Total~ ~  %~ *1  ~    %~ ~  %~ 6~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2 yma% @ !                   l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 8} $ } U} $} $ }  } $} $ } U} $} $ } U} $} $ }  } $} $ } U} $      OFS Capital Corp 10-K 03/12/2018Portfolio Composition                       December 31,  ~  ~ 0 (Weighted Average Yield - Performing Debt  Senior Secured Debt  SubordinatedDebt   Total Debt  Senior Secured Debt  SubordinatedDebt   Total Debt Investments (1) Less than 8%~   % ? %?  %  ffffff!@  % &@ %#@ %8% - 10%33333:@ ?5@   @   ?ffffff@ 10% - 12%333333C@'@Y@@   L@@  '@~ n 12% - 14%333333$@ffffffI@2@   fffff>@   M@C@Greater than 14%6@B@~ j   4@  2@333333@ Total~  %~  %~   % ~    % ~  %~  %0(Weighted average yield - performing debtQ'@ %*@ %Q8(@  %  fffff'@  % zG(@ %)\((@ %investments (1)7/Weighted average yield - total debt investmentsQ'@ %&@ %Gz.'@  %   ףp= '@  % 33333(@ %q= ףp'@ %~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<yma}M Z?=PF0*8X> @b          l  !L  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Noncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } :} $ !     OFS Capital Corp 10-K 03/12/2018Investment Activity                 $ Year Ended December 31, 2017 $ Year Ended December 31, 2016  Debt  Equity  Debt  Equity   Investments   Investments   Investments   Investments. &Investments in new portfolio companies \@   @   YH@   ffffff? 4,Investments in existing portfolio companies:   Follow-on investments~ Nffffff? +@   ?Refinanced investments ? ?  @    ?Delayed draw funding @ ? ?    ?/'Total investments in existing portfolio6@ffffff?~  J   ? companies7/Total investments in new and existing portfolio33333#a@333333@ ̬P@   ? companies3+Number of new portfolio company investments~ F~ ~  "  ~  80Number of existing portfolio company investments~ F~  ~  *  ~  -%Proceeds/distributions from principalfffffFZ@ $? 33333D@    $?#payments/equity investments2*Proceeds from investments sold or redeemed1@3333333@ ffffff@   @/'Total proceeds from principal payments,^@3333333@ F@   @,$equity distributions and investments sold$____________________________1)Created by Morningstar Document Research.DFl{oc;;mm,dx 0 (http://documentresearch.morningstar.com/H=PF0*8X> @9                                 l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } $} $ } U} $}  $ } U} $      OFS Capital Corp 10-K 03/12/2018$Non-cash Investment Activity                  As of December 31,  ~  ~   Risk Category  Debt   % of Debt  Debt   % of Debt   Investments, at   Investments  Investments, at   Investments Fair Value  Fair Value 1 (Low Risk) $? ? %  $?    ? %2 (Below Average Risk)~ :?~  ;   ? 3 (Average)~ . fffffV@~  :    fffffS@4 (Special Mention)~ @~  2   1@5 (Substandard)~ ,333333?~  FT   @ 6 (Doubtful)~ ?  ?    ?7 (Loss) ? ?  ?    ?~ ~  %~  6  ~   %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< ~rfZp0`4=PF0*8X> @                   l  (  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 1}  $ (                                 OFS Capital Corp 10-K 03/12/2018D<Comparison of years ended December 31, 2017, 2016, and 2015.              Years Ended December 31, ~  ~  ~ ~ Investment income         Interest income:        Cash interest income~ 2~ ~   !Net Loan Fee amortization~ ~ ~  ^# Other interest income~ ~ V~   Total interest income~ r~ ~  ұ  PIK income: PIK interest income~ ~ ~   &Preferred equity PIK dividends~ ~ f~  r Total PIK income~ n-~ )~  J$ Dividend income:  'Preferred equity cash dividends~ ~ ~   Common equity dividends~ ~ ~  V Total dividend income~ ~ n~    Fee income:  ( Management, valuation, and other~ ~ ~~  ~ /'Prepayment, structuring, and other fees~ Z~ f~   Total fee income~ ~ ~  6 Total investment income~ J ~ ~  " Total expenses~ 6~ ~  & Dlj^RF:z,3"<* w ! " # $ % & '  Net investment income~   ~   ~  &!Net gain (loss) on investments~ !!!~ !!!~ ! RK! 1")Net increase in net assets resulting from~ "{""~ """~ " " # operations$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/yN8,=PF0*8X> @='' && %% """""" !!!!!!                     l  B  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 0.}  $                       OFS Capital Corp 10-K 03/12/2018D<Comparison of years ended December 31, 2017, 2016, and 2015.              Years Ended December 31, ~  ~  ~ ~) !Interest and PIK interest income:     ' Senior secured debt investments~ fT  ~ v0  ~ 9 %Subordinated debt investments~ z~ ~~   .&Total interest and PIK interest income~ ~ *~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.Bj^RF:z,2 =PF0*8X> @          l  ;  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1)Net gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } *}  $                           OFS Capital Corp 10-K 03/12/2018Expenses              Years Ended December 31, ~  ~  ~ ~  (Amounts in thousands) Interest expense~ Z  ~ R  ~ l Management fees~ N~ F~  Q  Incentive fee~ J.~ 4~  ) Professional fees~ n~ ~  j Administration fee~ ~ b~   +#General and administrative expenses~  ~ :~  . Total expenses~ 6~ ~  & $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6 zn`2/-|T=PF0*8X> @               l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) Expenses!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } $}  $                         OFS Capital Corp 10-K 03/12/2018&Net gain (loss) on investments              Years Ended December 31, ~  ~  ~ ~  (Amounts in thousands) Senior secured debt~   ~ n  ~  Subordinated debt~ x~ ~   Preferred equity~ S~ ~  ^4 "Common equity and warrants~ b~ B~  .< &Net gain (loss) on investments~ ~ ~  RK $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2|pdXJvj^6=PF0*8X> @             l  1#  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investmentsSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } :}  $                                OFS Capital Corp 10-K 03/12/20185-Sources and Uses of Cash and Cash Equivalents              Years Ended December 31, ~  ~  ~ ~' Cash from net investment income~   ~   ~  - %Cash received from net realized gains~ &  ~ "  ~ f$ 3+Net (purchases and originations) repayments~ G~ V~  4  of portfolio investments0(Net cash provided by (used in) operating~ Ʀ~ 2O~  j  activities0(Proceeds from common stock offering, net~ B ?  ?  of expensesCash distributions paid~ ~ 3~  9 5-Net borrowings (repayment) on debt facilities~ ~~ r~  V 1)Payment of debt issuance costs and common~ ~ >~  : stock offering expenses80Increase (decrease) in cash and cash equivalents~ _~ ~  < $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@ DymaUI;vR j0 k_S+=PF0*8X> @"                 l  P;  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and Ca!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } %} $ } 0} $ }  } $}  $      OFS Capital Corp 10-K 03/12/2018SBA Debentures                    " SBA debentures outstanding  Pooling Date   Maturity Date  Fixed Interest Rate  December 31, 2017  December 31, 2016 September 19, 2012  September 1, 2022  1Zd@ % ~   ~   September 25, 2013  September 1, 2023  n@  ~ bm  ~ bm March 26, 2014 March 1, 2024(\@~ "N  ~  "N September 24, 2014September 1, 2024Zd;O@~ :@  ~  :@ September 24, 2014September 1, 2024(\ @~   ~   March 25, 2015 March 1, 2025`"@~   ~   September 23, 2015September 1, 2025Fx @~ `  ~  ` "SBA debentures outstanding~ %   ~  %  'Unamortized debt issuance costs~ ~  ~   6.SBA debentures outstanding, net of unamortized~ ^  ~  n debt issuance costs$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:C thRh9|3vjB=PF0*8X> @                l  N  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA DebenturesRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } !} $      OFS Capital Corp 10-K 03/12/2018B:Contractual Obligations and Off-Balance Sheet Arrangements                     " Payments due by period (2)# Contractual Obligations (1) Total   Less than 1   1-3 years   3-5 years  After      year          5 years PWB Credit Facility~   ~    $?   $?   $? SBA Debentures~ %  ?  ?  ~  ~ "K Total~ 8 ~   $?  ~  ~ "K$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.l`TH @                l  #a  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } }  $                        OFS Capital Corp 10-K 03/12/2018Recent Developments              Basis point increase  Interest income  Interest expense   Net increase            (decrease)~  ~ *  ~ f  ~  ~  ~ "  ~   ~  ~ Z~ 2~ 2 ~  - ~ "~ rA~  ~  ; ~ ~ P~  ~  I $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0;{oc4&&&=PF0*8X> @            l  us  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsIndex to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } }  $                        OFS Capital Corp 10-K 03/12/2018Recent Developments              Basis point decrease  Interest income  Interest expense (1)   Net increase            (decrease)~  ~    $?  ~  ~  ~ "   ?  ~ " ~ Z~   ? ~    ~ "~  ? ~   ~ ~  ? ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0;{oc0"$&=PF0*8X> @            l  '"  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Consolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } U5} $ } $ '     OFS Capital Corp 10-K 03/12/2018%Index to Financial Statements   0 (OFS Capital Corporation and Subsidiaries     0 (Reports of Independent Registered Public ~ & Accounting Firm2*Consolidated Balance Sheets as of December~ .31, 2017 and 2016-%Consolidated Statements of Operations~ 24,for the Years Ended December 31, 2017, 2016,and 2015-%Consolidated Statements of Changes in~ 6/'Net Assets for the Years Ended December 31, 2017, 2016, and 2015-%Consolidated Statements of Cash Flows~ :4,for the Years Ended December 31, 2017, 2016,and 2015-%Consolidated Schedules of Investments~ >( as of December 31, 2017 and 2016Dl}qeY5w\8\$nJ&k !"#$%&   2!*Notes to Consolidated Financial Statements!~ !v"#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/xtL=PF0*8X> @&&%%$$ l  Eѩ&  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial Statements!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 6} $ E     OFS Capital Corp 10-K 03/12/2018#Consolidated Balance Sheets           December 31, ~  ~  Assets     " Investments, at fair value     -%Non-control/non-affiliate investments~  ~  1)(amortized cost of $209,360 and $178,279, respectively)-%Affiliate investments (amortized cost~ >~ -%of $70,402 and $76,306, respectively).&Control investments (amortized cost of~ "~ 2*"$10,213 and $24,722, respectively)2*Total investments at fair value (amortized~ ~ n04,cost of $289,975 and $279,307, respectively)!Cash and cash equivalents~ s~ Interest receivable~ *~ )!Prepaid expenses and other assets~ G~ > Total assets~ J~  Liabilities Revolving line of credit~ ~ r5-SBA debentures (net of deferred debt issuance~ ^~ n1)costs of $2,657 and $3,037, respectively)Dr lsg[UM4 |Ds  !"#$%&'()*+,-./0123456789:;<=>? Interest payable~   ~  -!%Management and incentive fees payable~ !!!~ !!!""Administration fee payable~ "r""~ ""!#Accrued professional fees~ ###~ #v#$Other liabilities~ $$$~ $^$%Total liabilities~ %W %%~ % %&&&&&&.'&Commitments and contingencies (Note 7)'''''(((((() Net Assets)))))/*'Preferred stock, par value of $0.01 per *?** *?*/+'share, 2,000,000 shares authorized, -0-4,,shares issued and outstanding as of December4-,31, 2017 and December 31, 2016, respectively3.+Common stock, par value of $0.01 per share,~ ...~ ..1/)100,000,000 shares authorized, 13,340,21730+and 9,700,297 shares issued and outstanding01(as of December 31, 2017 and December 31,22016, respectively(3 Paid-in capital in excess of par~ 3p 33~ 3r2304(Accumulated undistributed net investment~ 444~ 4.i45income.6&Accumulated undistributed net realized~ 6<66~ 6*67 gain (loss)28*Net unrealized appreciation (depreciation)~ 8=88~ 8B$89on investments:Total net assets~ :~ ::~ ::;;;;;;(< Total liabilities and net assets~ <J<<~ <<======$>Number of shares outstanding~ >8.>>~ >&P>!?Net asset value per share?= ףp=,@???p= ף-@?D l3h f^Jg35#$ f@ABCD@A$B____________________________1C)Created by Morningstar Document Research.0D(http://documentresearch.morningstar.com/ P=PF0*8X> @:DDCCBB????>>>><<<<::::8888666644443333....****%%%%$$$$####""""!!!!      l  O$X  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance SheetsConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } @}  $ O                                 OFS Capital Corp 10-K 03/12/2018-%Consolidated Statements of Operations              Years Ended December 31, ~  ~  ~ ~ Investment income         Interest income:        -%Non-control/non-affiliate investments~ 9~  ~  ` Affiliate investments~ e~ nt~  O Control investment~ ~ F~  6 Total interest income~ r~ ~  ұ -%Payment-in-kind interest and dividend  income:-%Non-control/non-affiliate investments~ ~ ~  ^ Affiliate investments~ ~~ v~   Control investment~ ~   ? 3+Total payment-in-kind interest and dividend~ n-~ )~  J$ income:Dividend income:  -%Non-control/non-affiliate investments~ ~   ? Affiliate investments~ 2~ ~   Control investment~ ~ 6  ? Total dividend income~ ~ n~    Fee income:  -%Non-control/non-affiliate investments~ ~ Z~   D lui]QCJ,!}_?,& ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ?  Affiliate investments~    ~   ~  !Control investment~ !b!!~ !!!~ ! Z! "Total fee income~ """~ """~ " 6" ####### # $Total investment income~ $J $$~ $$$~ $ "$ %%%%%%%% % &Expenses&&&&&&& & 'Interest expense~ 'Z''~ 'R''~ ' l' (Management fees~ (N((~ (F((~ ( Q( ) Incentive fee~ )J.))~ )4))~ ) )) *Professional fees~ *n**~ ***~ * j* +Administration fee~ +++~ +b++~ + + +,#General and administrative expenses~ , ,,~ ,:,,~ , ., -------- - .Total expenses~ .6..~ ...~ . &. //////// / 0Net investment income~ 000~ 000~ 0 0 11111111 1 /2'Net realized and unrealized gain (loss)2222222 2 3on investments=45Net realized gain (loss) on non-control/non-affiliate~ 4B44~ 4N%44~ 4 4 5 investments26*Net realized gain on affiliate investments~ 666~ 6F66~ 6 6 27*Net unrealized appreciation (depreciation)~ 76h77~ 7V77~ 7 O7 08(on non-control/non-affiliate investments29*Net unrealized appreciation (depreciation)~ 999~ 96499~ 9 9  :on affiliate investments.;&Net unrealized appreciation on control~ ;;;~ ; ;; ; ?; < investments======== = &>Net gain (loss) on investments~ >>>~ >>>~ > RK> ???????? ? Dlys((! 4A:j@ A B C D E F G H I J K L M N 1@)Net increase in net assets resulting from~ @{@@~ @@@~ @ @ A operationsBBBBBBBB B .C&Net investment income per common shareC{Gz?CCC\(\?CCC = ףp=?C D- basic and diluted1E)Net increase in net assets resulting fromE{Gz?EEEzG?EEE = ףp=?E /F'operations per common share - basic andGdiluted/H'Distributions declared per common shareH(\?HHH(\?HHH (\?H 1I)Basic and diluted weighted average shares~ III~ IjOII~ I &8NI J outstandingK$L____________________________1M)Created by Morningstar Document Research.0N(http://documentresearch.morningstar.com/"eO? yF3=PF0*8X> @sNN MM LL IIIIII HHHHHH EEEEEE CCCCCC @@@@@@ >>>>>> ;;;;;; 999999 777777 666666 444444 000000 ...... ,,,,,, ++++++ ****** )))))) (((((( '''''' $$$$$$ """""" !!!!!!                   l  0 %  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } I;}  $ 0                                 OFS Capital Corp 10-K 03/12/201880Consolidated Statements of Changes in Net Assets              Years Ended December 31, ~  ~  ~ ~9 1Increase in net assets resulting from operations:      Net investment income~   ~   ~  /'Net realized gain (loss) on investments~ j~ %~   2*Net unrealized appreciation (depreciation)~ ~ ~~  c on investments1)Net increase in net assets resulting from~ {~ ~    operations+#Distributions to stockholders from:  )!Accumulated net investment income~ "~ B~  T %Accumulated net realized gain~ :~ ^  ? 'Return of capital distributions ?~ ~   +#Total distributions to stockholders~ ~ 2~  2 "Common stock transactions:  /'Public offering of common stock, net of~ A ?  ? expenses1)Reinvestment of stockholder distributions~ ~ ~  6 1)Net increase in net assets resulting from~ D~ ~  6 capital transactions"Net increase in net assets~ :~  ~  V  Net assets:  D lvj^RF88N8cF2 ! " # $ % & ' ( ) * + , - . /  Beginning of year~   ~   ~ c ! End of year~ !~ !!~ !!!~ ! ! 0"(Accumulated undistributed net investment~ """~ "c""~ " H" #income$Common stock activity:$$$$$$$ $ '%Public offering of common stock~ %@%% %?%% % ?% -&%Common stock issued from reinvestment~ &"&&~ &&&~ & Bv& $'of stockholder distributions.(&Common stock issued and outstanding at~ (&P((~ (O((~ ( J M( )beginning of year.*&Common stock issued and outstanding at~ *8.**~ *&P**~ * O* + end of year,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$,}fTC7 =PF0*8X> @@// .. -- ****** (((((( &&&&&& %%%%%% """""" !!!!!!                   l  G(e+  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } y<}  $ G                                 OFS Capital Corp 10-K 03/12/2018-%Consolidated Statements of Cash Flows              Years Ended December 31, ~  ~  ~ ~, $Cash flows from operating activities     1 )Net increase in net assets resulting from~ {  ~   ~   operations-%Adjustments to reconcile net increase  /'in net assets resulting from operations3+to net cash provided by (used in) operating activities:/'Net realized (gain) loss on investments~ >~ r~  j :2Net change in unrealized appreciation/depreciation~ B~ *~  J on investments%Amortization of Net Loan Fees~ Z~ ~    Amendment fees collected~ ~ ~   -%Payment-in-kind interest and dividend~ ~ ~   income.&Amortization and write-off of deferred~ ~ ~  ! debt issuance costs( Amortization of intangible asset~ ~ ~   -%Purchase and origination of portfolio~ 2G~ ~  Jo  investments5-Proceeds from principal payments on portfolio~ i~ ~   D lui]QC<&b+{. cD ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ?   investments5!-Proceeds from sale or redemption of portfolio~ !B!!~ !jR!!~ ! > ! " investments-#%Distributions received from portfolio #?##~ ###~ # # $ investments4%,Changes in operating assets and liabilities:%%%%%%% % &Interest receivable~ &&&~ &^&&~ & >& 'Interest payable~ '''~ '''~ ' ' -(%Management and incentive fees payable~ (((~ (&((~ ( ( ")Administration fee payable~ )))~ ).))~ ) ^) $*Other assets and liabilities~ * **~ ***~ * .* 0+(Net cash provided by (used in) operating~ +Ʀ++~ +2O++~ + j+ , activities,-$Cash flows from financing activities----- 0.(Proceeds from common stock offering, net~ .B.. .?.. . ?. / of expenses*0"Distributions paid to stockholders~ 000~ 0300~ 0 90 11)Borrowings under revolving line of credit~ 1r11~ 1r11 1 ?1 12)Repayments under revolving line of credit~ 2"22 2?22 2 ?2 +3#Borrowings under WM Credit Facility 3?33 3?33~ 3 3 +4#Repayments under WM Credit Facility 4?44 4?44~ 4 n~4 #5Draw down on SBA debentures 5?55 5?55~ 5 `5 &6Payment of debt issuance costs~ 666~ 6>66~ 6 J6 .7&Payment of common stock offering costs~ 777 7?77~ 7 7 08(Net cash provided by (used in) financing~ 8288~ 888~ 8 F 8 9 activities0:(Net increase (decrease) in cash and cash~ :_::~ :::~ : <: ; equivalents0<(Cash and cash equivalents ? beginning of~ <<<~ <*<<~ < ~<  =year/>'Cash and cash equivalents ? end of year~ >s>>~ >>>~ > *> 9?1Supplemental Disclosure of Cash Flow Information:????? DlJ3iP6k=~c2k@ A B C D E F 0@(Cash paid during the period for interest~ @>R@@~ @jJ@@~ @ H@ 1A)Reinvestment of stockholder distributions~ AAA~ AAA~ A 6A BC$D____________________________1E)Created by Morningstar Document Research.0F(http://documentresearch.morningstar.com/jxf=PF0*8X> @RjFF EE DD AAAAAA @@@@@@ >>>>>> <<<<<< :::::: 888888 777777 666666 555555 444444 333333 222222 111111 000000 ...... ++++++ ****** )))))) (((((( '''''' &&&&&& ###### !!!!!!               l  2SAc  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } -} $ } :} $ } } $ } <} $ }  } $ } U} $ 2     OFS Capital Corp 10-K 03/12/2018December 31, 2017                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets- %Non-control/Non-affiliate Investments             Aegis Acquisition, Inc.  Testing Laboratories                  Senior Secured Loan10.17% (L +8.50%) 8/24/2021 ~  7  ~ :6~ 5? %    Armor Holdings II LLC5-Other Professional, Scientific, and Technical    ServicesSenior Secured Loan10.70% (L +9.00%) 12/26/2020 ~  6  ~ R6~ 7ffffff?    !Avison Young Canada, Inc.1)Offices of Real Estate Agents and Brokers    #Senior Secured Loan (5) (6) 9.50% N/A 12/15/2021 ~  >  ~ =~ ?ffffff@    !BJ's Wholesale Club, Inc.( Warehouse Clubs and Supercenters    Senior Secured Loan 8.95% (L +7.50%)2/3/2025 ~  Ґ  ~ ~ 333333@    $Carolina Lubes, Inc. (5) (9)-%Automotive Oil Change and Lubrication     ShopsSenior Secured Loan 9.28% (L +7.25%) 8/23/2022 ~  N  ~ K~ N&@&Senior Secured Loan (Revolver) 8.59% (L +7.25%) 8/23/2022 ~    ~ f~ 333333?,$Preferred Equity (973 units) 14% PIK    ~ ~/~ /?DCl}qeE 'e04l:> !"#$%&'()*+,-./01          ~ *V  ~   ~ b   *@ -!%Community Intervention Services, Inc.!.!&Outpatient Mental Health and Substance!!!!!!! ! ! ! !!!!!!!!~ """ Abuse Centers"#Subordinated Loan (7) (11)####7.0% cash / 6.0% PIK# #N/A## 1/16/2021# ~ # J# # ~ #^w## #?## #?#$$$$$$$$$$ $ $ $$$$$&%Confie Seguros Holdings II Co.%)%!Insurance Agencies and Brokerages%%%%%%% % % % %%%%%%%%&Senior Secured Loan&&&&10.98%&& (L +9.50%)&&5/8/2019& ~ & :& & ~ &&&~ &&&&~ &&'''''''''' ' ' ' '''''''' (Constellis Holdings, LLC(/('Other Justice, Public Order, and Safety((((((( ( ( ( (((((((())) Activities*Senior Secured Loan****10.69%** (L +9.00%)** 4/21/2025* ~ * z* * ~ *V**~ ****333333@*+DuPage Medical Group+8+0Offices of Physicians, Mental Health Specialists+++++++ + + + ++++++++,Senior Secured Loan,,, ,8.42%,, (L +7.00%),, 8/15/2025, ~ , W, , ~ ,V,,~ ,U,,,333333@,-.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(T~Bv; s3=PF0*8X> @j-1100//,, ,,,,** ****&& &&&&## ####              l  2kU  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } a/} $ } I;} $ } $} $ } <} $ }  } $ } U} $ 2     OFS Capital Corp 10-K 03/12/2018December 31, 2017                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets Eblens Holdings, Inc.   Shoe Store                   Subordinated Loan    12.0% cash / 1.00% PIK  N/A   1/13/2023 ~   ~   ~ Z   ffffff@ %$Common Equity (71,250 units)    ~ & ~  ? ~    ~ ړ~ f~ Elgin Fasteners Group91Bolt, Nut, Screw, Rivet, and Washer Manufacturing    Senior Secured Loan 8.44% (L +6.75%) 8/27/2018 ~  <  ~ <~ b7ffffff?     GGC Aerospace Topco L.P.4,Other Aircraft Parts and Auxiliary Equipment     ManufacturingSenior Secured Loan10.23% (L +8.75%)9/8/2024 ~  "N  ~ .L~ .L@-%Common Equity (368,852 Class A units)    ~  ~  ?,$Common Equity (40,984 Class B units)    ~ ~  ? ~  "N  ~ S~ Sffffff@LRI Holding, LLC (5)/'Electrical Contractors and Other Wiring     Installation ContractorsSenior Secured Loan10.94% (L +9.25%) 6/30/2022 ~  v  ~ 6~ vffffff#@( Preferred Equity (238,095 units)    ~ ~ ? ~  v  ~ ~ &!#@+#Maverick Healthcare Equity, LLC (5)$Home Health Equipment Rental    /'Preferred Equity (1,250,000 units) (10)    ~ ~ 6?Dl}qeE ok)V+W1) !"#$%&'()*+,-./01, $Common Equity (1,250,000 units) (10)             ?   ?   ? !!!!!!!!!! ! ! ! ~ !!!~ !6!!!?! "My Alarm Center, LLC (5)"5"-Security Systems Services (except Locksmiths)""""""" " " " """"""""/#'Preferred Equity (1,485 Class A units),######### # # # ~ ###~ ####?#$8% PIK (10) (13).%&Preferred Equity (1,198 Class B units)%%%%%%%%% % % % ~ %%%~ %%%%333333?%)&!Common Equity (64,149 units) (13)&&&&&&&&& & & &  &?&&~ &&& &?&'''''''''' ' ' ' ~ '*''~ 'v+'''ffffff?'(NVA Holdings, Inc.((Veterinary Services((((((( ( ( ( (((((((()Senior Secured Loan))) )8.69%)) (L +7.00%))) 8/14/2022) ~ )  ) ) ~ ) ))~ ) )))?)********** * * *****+O2 Holdings, LLC (5)+/+'Fitness and Recreational Sports Centers+++++++ + + + ++++++++,Senior Secured Loan,,,,14.56%,, (L +13.00%),,9/2/2021, ~ , , , ~ ,,,~ ,,,,@,-.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(TiM!ocW/=PF0*8X> @:1100//,, ,,,,)) ))))''''&&&&%%%%####!!!!               l  1  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 2} $ } 6} $ } U} $ } <} $ } } $ } U} $ 1     OFS Capital Corp 10-K 03/12/2018December 31, 2017                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets% Parfums Holding Company, Inc. / 'Cosmetics, Beauty Supplies, and Perfume                     StoresSenior Secured Loan10.45% (L +8.75%) 6/30/2025 ~  7  ~ 6~ B6? %    &Planet Fitness Midwest LLC (5)/'Fitness and Recreational Sports Centers    Subordinated Loan13.00% N/A 12/16/2021 ~  "N  ~ M~ NN@    PM Acquisition LLC,$All Other General Merchandise Stores    Senior Secured Loan11.50% cash / 1.00% PIK N/A 10/29/2021 ~  `  ~ r_~ ^ @&Common equity (499 units) (10)    ~ ~ Z? ~  `  ~ >g~ cffffff @!Resource Label Group, LLC.&Commercial Printing (except Screen and    Books)Senior Secured Loan10.19% (L +8.50%) 11/26/2023 ~  VK  ~ NJ~ ~J@    -%Security Alarm Financing Enterprises,5-Security Systems Services (except Locksmiths)    L.P. (5)Subordinated Loan (14)14.00% cash / 0.69% PIK (L +13.00%) 6/19/2020 ~    ~ f~ 2ffffff@    Dl}qeE ~IM O+#?+ !"#$%&'()*+,-./0$ Sentry Centers Holdings, LLC 5 -Other Professional, Scientific, and Technical                  !!!Services"Senior Secured Loan""""13.07%"" (L +11.50%)"" 7/24/2019" ~ " A" " ~ "@""~ "B"""ffffff@"0#(Preferred Equity (5,000 units) (10) (13)######### # # # ~ #>##~ #>###333333?#$$$$$$$$$$ ~ $ A$ $ ~ $.I$$~ $J$$$@$-%%Southern Technical Institute, LLC (5)%0%(Colleges, Universities, and Professional%%%%%%% % % % %%%%%%%%&&&Schools'Subordinated Loan (10)'''' 15.00% PIK' 'N/A'' 12/2/2020' ~ ' 7' ' ~ '5''~ ''''333333?'2(*Preferred Equity (1,764,720 units), 15.75%((((((((( ( ( ( ~ ( (( (?(( (?() PIK (8) (10)'*Warrants (2,174,905 units) (10)********3/30/2026 (12)* * * * ~ *** *?** *?*++++++++++ ~ + 7+ + ~ +^W++~ ++++333333?+,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/& @Z,$|R: =PF0*8X> @z/00//..++ ++++****(((('' ''''$$ $$$$####"" """"           l  .  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } $4} $ } 7} $ } U} $ } <} $ } } $ } U} $ .     OFS Capital Corp 10-K 03/12/2018December 31, 2017                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets Stancor, L.P. (5) 0 (Pump and Pumping Equipment Manufacturing                   Senior Secured Loan    9.56%   (L +8.00%)   8/19/2019 ~ {  ~ b{  ~ {   @ %.&Preferred Equity (1,250,000 units), 8%    ~ v~ :? PIK (8) (10) ~  {  ~ ֒~ ~  The Escape Game, LLC (5)    Senior Secured Loan1)Other amusement and recreation industries10.32% (L +8.75%) 12/20/2022 ~  bm  ~ l~ l @    TravelCLICK, Inc.4,Computer Systems Design and Related Services    Senior Secured Loan 9.32% (L +7.75%) 11/6/2021 ~  r  ~ r~ r333333@    Truck Hero, Inc.#Truck Trailer Manufacturing    Senior Secured Loan 9.89% (L +8.25%) 4/21/2025 ~  m  ~ l~ bnffffff@    *"United Biologics Holdings, LLC (5)Medical Laboratories     Senior Secured Loan (11)12.00% cash / 2.00% PIK N/A 4/30/2018 ~  B  ~ bB~ Bffffff@Subordinated Loan (10) 8.00 % PIK N/A 4/30/2019 ~    ~ ~  ?-%Preferred Equity (151,787 units) (10)    ~ &~ r ?$Warrants (29,374 units) (10)03/05/2022 (12)    ~ J~ N? ~  B  ~ C~ F333333@Dxl}qeE S;7#]a: gA !"#$%&'()*+,-                     3!+Total Non-control/Non-affiliate Investments!!!!!!!!! ~ ! * ! ! ~ !B !!~ ! !!!9Z@!"""""""""" " " " """"""""#Affiliate Investments######### # # # #########$All Metals Holding, LLC (5)$6$.Metal Service Centers and Other Metal Merchant$$$$$$$ $ $ $ $$$$$$$$%%% Wholesalers&Senior Secured Loan&&&&12.00% cash / 1.00% PIK& &N/A&& 12/28/2021& ~ & & & ~ &&&~ &^&&&333333@&*'"Common Equity (637,954 units) (10)''''''''' ' ' ' ~ '''~ ''''?'(((((((((( ~ ( ( ( ~ (((~ (B(((@()*$+____________________________1,)Created by Morningstar Document Research.0-(http://documentresearch.morningstar.com/ P=PF0*8X> @2--,,++(( ((((''''&& &&&&!! !!!!              l  .f(3  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 0} $ } 6} $ } U} $ } <} $ } } $ } U} $ .     OFS Capital Corp 10-K 03/12/2018December 31, 2017                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets, $Contract Datascan Holdings, Inc. (5) - %Office Machinery and Equipment Rental                      and LeasingSubordinated Loan12.00% N/A2/5/2021 ~  }  ~ |~ }@ %0(Preferred Equity (3,061 shares), 10% PIK    ~ C~ 2] @~ *"Common Equity (11,273 shares) (10)    ~ ~ ? ~  }  ~ R~ B@.&Jobson Healthcare Information, LLC (5)5-Other Professional, Scientific, and Technical    ~ Services Senior Secured Loan (11)10.13% cash / 5.30% PIK (L +13.43%) 7/21/2019 ~  ^  ~ &~ @'Common Equity (13 member units)     ? ? ?%Warrants (1 member unit) (10)7/21/2019 (12)    ~  ? ? ~  ^  ~ >~ @Master Cutlery, LLC (5)4,Sporting and Recreational Goods and Supplies    Merchant WholesalersSubordinated Loan13.00% N/A 4/17/2020 ~  I  ~ RI~ ,?.&Preferred Equity (3,723 units), 8% PIK    ~ n6 ? ?(8) (10))!Common Equity (15,564 units) (10)     ? ? ? ~  I  ~ ~ ,?Dl}qeE tI `M" !"#$%&'()*+,- NeoSystems Corp.(5) ! Other Accounting Services                  !Subordinated Loan!!!!10.50% cash / 1.25% PIK! !N/A!! 8/13/2019! ~ ! ~!! ! ~ !b!!!~ !~!!!!?!-"%Preferred Equity (521,962 convertible""""""""" " " " ~ """~ ""#"""333333?"#shares), 10% PIK (10)$$$$$$$$$$ ~ $ ~!$ $ ~ $7$$~ $D$$$ffffff@$%%Pfanstiehl Holdings, Inc. (5)%0%(Pharmaceutical Preparation Manufacturing%%%%%%% % % % %%%%%%%%&Subordinated Loan&&&&10.50%& &N/A&& 9/29/2021& ~ & 2;& & ~ &;&&~ &:&&~ & &"'Common Equity (400 shares)''''''''' ' ' ' ~ 'f''~ 'NJ'''@'(((((((((( ~ ( 2;( ( ~ ("?((~ ((((@()*$+____________________________1,)Created by Morningstar Document Research.0-(http://documentresearch.morningstar.com/ qPHx=PF0*8X> @7--,,++(( ((((''''&& &&&&$$ $$$$""""!! !!!!           l  (X\  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } $4} $ } U5} $ } U} $ } <} $ }  } $ } U} $ (     OFS Capital Corp 10-K 03/12/2018December 31, 2017                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets TRS Services, LLC (5) / 'Commercial and Industrial Machinery and                    4 ,Equipment (except Automotive and Electronic)Repair and MaintenanceSenior Secured Loan10.07% (L +8.50%) 12/10/2019 ~    ~ ʑ~ ~  %2*Preferred Equity (329,266 Class AA units),    ~ F~ f? 15% PIK (10)3+Preferred Equity (3,000,000 Class A units),    ~ 4~ "333333?11% PIK (8) (10),$Common Equity (3,000,000 units) (10)    ~  ? ? ~    ~ ~ &@#Total Affiliate Investments ~  q  ~  L~ >ffffffB@    Control Investments    !MTE Holding Corp. (2) (5)/'Travel Trailer and Camper Manufacturing    .&Subordinated Loan (to Mirage Trailers,13.07% cash / 1.50% PIK (L +13.50%) 11/25/2020 ~  Jp  ~ o~ :offffff@2*LLC, a controlled, consolidated subsidiaryof MTE Holding Corp.)"Common Equity (554 shares)    ~ /~ 5? ~  Jp  ~ ~ "ffffff@ Total Control Investment ~  Jp  ~ ~ "ffffff@Dl}qeE `&{_;3o9 !"#$%&'                     !Total Investments!!!!!!!!! ~ ! b ! ! ~ !޲!!~ !!!!ib@ !%"""""""""" " " """""#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/+=PF0*8X> @2&''&&%%!! !!!!           l   @*     l  1  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } a/} $ } I;} $ } $} $ } <} $ }  } $ } U} $ 1     OFS Capital Corp 10-K 03/12/2018December 31, 2016                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets- %Non-control/Non-affiliate Investments                ) !Accurate Group Holdings, Inc. (5) ) !Offices of Real Estate Appraisers              Subordinated Loan13.00% N/A 8/23/2018 ~  B  ~ œ~ B~  %   Armor Holdings II LLC5-Other Professional, Scientific, and Technical   ServicesSenior Secured Loan10.25% (L +9.00%) 12/26/2020 ~  6  ~ 66~ 6333333@   AssuredPartners, Inc)!Insurance Agencies and Brokerages   Senior Secured Loan10.00% (L +9.00%) 10/20/2023 ~  "N  ~ K~ VN @   !Avison Young Canada, Inc.1)Offices of Real Estate Agents and Brokers   #Senior Secured Loan (5) (6) 9.50% N/A 12/15/2021 ~  >  ~ N=~ N=@   BCC Software, LLC (5),$Custom Computer Programming Services   Senior Secured Loan 9.00% (L +8.00%) 6/20/2019 ~  ^P  ~ O~ ^P @/'Senior Secured Loan (Revolver) (11) (4) N/A (L +8.00%) 6/20/2019   ?  ~  ? ? ~  ^P  ~ O~ ^P @-%Community Intervention Services, Inc..&Outpatient Mental Health and Substance   Dl}qeE QM !"#$%&'()*+,-./0~    Abuse Centers"!Subordinated Loan (7) (12)!!!!7.00% cash / 6.00% PIK! !N/A!! 1/16/2021! ~ ! z}! ! ~ !^w!!~ !FT!!!ffffff@!"""""""""" " " """""&#Confie Seguros Holdings II Co.#)#!Insurance Agencies and Brokerages####### # # #####$Senior Secured Loan$$$$10.25%$$ (L +9.00%)$$5/8/2019$ ~ $ >$ $ ~ $">$$~ $>$$$ffffff@$%%%%%%%%%% % % %%%%%!&C7 Data Centers, Inc. (5)&'&Other Computer Related Services&&&&&&& & & &&&&& 'Senior Secured Loan (10)''''12.47%'' (L +8.50%)'' 6/22/2020' ~ '  ' ' ~ 'J''~ ''''$@'(((((((((( ( ( ((((()Elgin Fasteners Group)9)1Bolt, Nut, Screw, Rivet, and Washer Manufacturing))))))) ) ) )))))*Senior Secured Loan*** *8.50%** (L +7.25%)** 8/27/2018* ~ * "@* * ~ *?**~ *7***@*++++++++++ + + +++++,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&d @veY=PF0*8X> @R*00//..** ****'' ''''$$ $$$$!! !!!!            l  0  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 2} $ } 6} $ } } $ } <} $ } } $ } U} $ 0     OFS Capital Corp 10-K 03/12/2018December 31, 2016                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets) !Inhance Technologies Holdings LLC 4 ,Other Basic Inorganic Chemical Manufacturing               Senior Secured Loan    5.50%   (L +4.50%)  2/7/2018 ~   ~   ~    ffffff? %   %Intrafusion Holding Corp. (5)%Other Outpatient Care Centers   Senior Secured Loan (9)11.33% (L +6.75%) 9/25/2020 ~    ~ ~ ~ *   .&Jobson Healthcare Information, LLC (5)5-Other Professional, Scientific, and Technical   Services Senior Secured Loan (12) 10.13% cash / 4.295% PIK (L +12.425%) 7/21/2019 ~    ~ ^~ 333333!@.&Warrants (1,056,428 member units) (11)7/21/2019 (12)   ~  ? ? ~    ~ v~ 333333!@+#Maverick Healthcare Equity, LLC (5)$Home Health Equipment Rental   /'Preferred Equity (1,250,000 units) (11)   ~ ~ 6ffffff?,$Common Equity (1,250,000 units) (11)    ? ? ?   ~ ~ 6ffffff?MN Acquisition, LLC (5)Software Publishers   Senior Secured Loan10.50% (L + 9.50%) 8/24/2021 ~  M  ~ L~ VM333333 @    My Alarm Center, LLC (5)5-Security Systems Services (except Locksmiths)   Senior Secured Loan12.00% (L +11.00%)7/9/2019 ~  a  ~ J^~ a@Dl}qeE 2  !"#$%&'()*+,-./1 )Preferred Equity (100 Class A units) (11)           ~ .  ~ 6   ? 2!*Preferred Equity (25 Class A-1 units) (11)!!!!!!!!! ! ! ~ !!!~ !!! !?!"""""""""" ~ " a" " ~ "&b""~ "e"""@" #MYI Acquiror Limited (6)#)#!Insurance Agencies and Brokerages####### # # #####$Senior Secured Loan$$$ $5.75%$$ (L +4.50%)$$ 5/28/2019$ ~ $ :I$ $ ~ $"I$$~ $H$$$ @$%%%%%%%%%% % % %%%%%&NHR Holdings, LLC& &Other Telecommunications&&&&&&& & & &&&&&'Senior Secured Loan''' '5.50%'' (L +4.25%)'' 11/30/2018' ~ ' )' ' ~ 'r)''~ ')'''?'(((((((((( ( ( ((((()NVA Holdings, Inc.))Veterinary Services))))))) ) ) )))))*Senior Secured Loan*** *8.00%** (L +7.00%)** 8/14/2022* ~ * * * * ~ ** **~ *. ***?*+,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$P ,~Y=PF0*8X> @3//..--** ****'' ''''$$ $$$$"" """"!!!!              l  .  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 1} $ } 6} $ } $} $ } <} $ }  } $ } U} $ .     OFS Capital Corp 10-K 03/12/2018December 31, 2016                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets O2 Holdings, LLC (5) / 'Fitness and Recreational Sports Centers               Senior Secured Loan    11.77%   (L +11.00%)  9/2/2021 ~ r  ~ &  ~ Z   ffffff@ %   PM Acquisition LLC,$All Other General Merchandise Stores   Senior Secured Loan11.50% N/A 10/31/2021 ~   d  ~ c~ c@&Common equity (499 units) (11)   ~ ~ 333333? ~   d  ~ j~ j@&Planet Fitness Midwest LLC (5)/'Fitness and Recreational Sports Centers   Subordinated Loan13.00% N/A 12/16/2021 ~  "N  ~ nM~ M @   1)Quantum Spatial, Inc. (f/k/a Aero-Metric,"Other Information Services    Inc.)Senior Secured Loan6.75% cash / 1.00% PIK (L +6.50%) 8/27/2017 ~  "&  ~ %~ $?    Ranpak Corp.)!Packaging Machinery Manufacturing   Senior Secured Loan 8.25% (L +7.25%) 10/3/2022 ~  B  ~ 2~ v?   -%Security Alarm Financing Enterprises,5-Security Systems Services (except Locksmiths)   L.P. (5)Dwl}qeE tl[/cTC3:; !"#$%&'()*+,- Subordinated Loan    14.00%   (L +13.00%)   6/19/2020 ~ R  ~ z  ~ z   333333!@ !!!!!!!!!! ! ! !!!!!$"Sentry Centers Holdings, LLC"5"-Other Professional, Scientific, and Technical""""""" " " """""###Services$Senior Secured Loan$$$$12.40%$$ (L +11.50%)$$ 7/24/2019$ ~ $ A$ $ ~ $@$$~ $.A$$$333333@$%%%%%%%%%% % % %%%%%&smarTours, LLC (5)&&Tour Operators&&&&&&& & & &&&&&-'%Preferred Equity (500,000 units) (11)''''''''' ' ' ~ '''~ ''''ffffff?'(((((((((( ( ( ((((()*$+____________________________1,)Created by Morningstar Document Research.0-(http://documentresearch.morningstar.com/ =PF0*8X> @*%--,,++''''$$ $$$$              l  *,3  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } $4} $ } U5} $ } U} $ } <} $ } } $ } U} $ *     OFS Capital Corp 10-K 03/12/2018December 31, 2016                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets- %Southern Technical Institute, LLC (5) 0 (Colleges, Universities, and Professional                 SchoolsSubordinated Loan9.00% cash / 4.00% PIK (L +12.00%) 12/2/2020 ~  5  ~  4~ Z1@ %2*Preferred Equity (1,764,720 units), 15.75%   ~ J~ ffffff?PIK (11)'Warrants (2,174,905 units) (11)3/30/2026 (12)   ~  ? ? ~  5  ~  S~ ZP @Stancor, L.P. (5)0(Pump and Pumping Equipment Manufacturing   Senior Secured Loan 9.75% (L +9.00%) 8/19/2019 ~    ~ ~ v@.&Preferred Equity (1,250,000 units), 8%   ~ v~  333333?PIK (11) ~    ~ r~ ~ TravelCLICK, Inc.4,Computer Systems Design and Related Services   Senior Secured Loan 8.75% (L +7.75%) 11/8/2021 ~  >  ~ <~ =@   *"United Biologics Holdings, LLC (5)Medical Laboratories    Senior Secured Loan (12)12.00% cash / 2.00% PIK N/A 4/30/2018 ~  VA  ~ *@~  ?ffffff@Subordinated Loan (11) 8.00% PIK N/A 4/30/2019 ~    ~ ~  ?-%Preferred Equity (151,787 units) (11)   ~ &~ R ?$Warrants (29,374 units) (11) 3/5/2022 (12)   ~ J~ ?Dl}qeE `<(SB !"#$%&'()          ~ rA  ~ A  ~ :A   333333@ !VanDeMark Chemical Inc.!4!,Other Basic Inorganic Chemical Manufacturing!!!!!!! ! ! !!!!!"Senior Secured Loan""" "6.50%"" (L +5.25%)"" 11/30/2017" ~ " %" " ~ "J%""~ ".%"""333333?"########## # # #####3$+Total Non-control/Non-affiliate Investments$$$$$$$$$ ~ $  $ $ ~ $ $$~ $ $$$fffff&^@$%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/v=PF0*8X> @1))((''$$ $$$$"" """"              l  3Wg  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 0} $ } 7} $ } U} $ } <} $ }  } $ } U} $ 3     OFS Capital Corp 10-K 03/12/2018December 31, 2016                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets Affiliate Investments                # All Metals Holding, LLC (5) 6 .Metal Service Centers and Other Metal Merchant               WholesalersSenior Secured Loan12.00% cash / 1.00% PIK N/A 12/28/2021 ~    ~ ~ !@ %*"Common Equity (637,954 units) (11)   ~ ~ ? ~    ~ r~ #@,$Contract Datascan Holdings, Inc. (5)-%Office Machinery and Equipment Rental    and LeasingSubordinated Loan12.00% N/A2/5/2021 ~  }  ~ |~ z{@0(Preferred Equity (3,061 shares), 10% PIK   ~ r;~ Tffffff@~ *"Common Equity (11,273 shares) (11)   ~ ~ ? ~  }  ~ ¹~ "@*"Intelli-Mark Technologies, Inc.(5)0(Other Travel Arrangement and Reservation   Services Senior Secured Loan (12)13.00% N/A 11/23/2020 ~    ~ ~ &@-%Common Equity (2,553,089 shares) (11)   ~ r~ :? ~    ~ ~ ^@Master Cutlery, LLC (5)4,Sporting and Recreational Goods and Supplies   Merchant WholesalersDl}qeE g_J[(  !"#$%&'()*+,-./012 Subordinated Loan    13.00%  N/A   4/17/2020 ~ J  ~ I  ~ bE   @ 0!(Preferred Equity (3,723 units), 5% cash,!!!!!!!!! ! ! ~ !n6!!~ !!!!ffffff?!"3% PIK (8) (11))#!Common Equity (15,564 units) (11)######### # #  #?## #?## #?#$$$$$$$$$$ ~ $ J$ $ ~ $6$$~ $JT$$$ffffff@$%NeoSystems Corp. (5)%!%Other Accounting Services%%%%%%% % % %%%%%&Subordinated Loan&&&&10.50% cash / 2.75% PIK& &N/A&& 8/13/2019& ~ & ?& & ~ &?&&~ &"9&&&@&-'%Preferred Equity (521,962 convertible''''''''' ' ' ~ '''~ ''''?'(shares), 10% PIK (11))))))))))) ~ ) ?) ) ~ )BS))~ )L)))333333 @)%*Pfanstiehl Holdings, Inc. (5)*0*(Pharmaceutical Preparation Manufacturing******* * * *****+Subordinated Loan (12)++++10.50%+ +N/A++ 9/29/2021+ ~ + 2;+ + ~ +;++~ +;+++@+",Common Equity (400 shares),,,,,,,,, , , ~ ,f,,~ ,_,,,@,---------- ~ - 2;- - ~ -F?--~ ----333333@-./$0____________________________11)Created by Morningstar Document Research.02(http://documentresearch.morningstar.com/*h|G(b=PF0*8X> @=221100-- ----,,,,++ ++++)) ))))''''&& &&&&$$ $$$$####!!!!             l  1  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } $4} $ } 6} $ } U} $ } <} $ }  } $ } U} $ 1     OFS Capital Corp 10-K 03/12/2018December 31, 2016                         Portfolio Company (1)  Industry  Interest Rate (2)   Spread Above  Maturity   Principal  Amortized Cost   Fair Value   Percent of Investment Type       Index (2)    Amount           Net Assets, $Strategic Pharma Solutions, Inc. (5) 5 -Other Professional, Scientific, and Technical                 ServicesSenior Secured Loan11.32% (L +10.00%) 12/18/2020 ~  n  ~ b~ 333333@ %.&Preferred Equity (1,191 units), 6% PIK   ~ ~ J/@~  ~  n  ~ N~ F@TRS Services, LLC (5)/'Commercial and Industrial Machinery and   4,Equipment (except Automotive and Electronic)Repair and MaintenanceSenior Secured Loan9.75% cash / 1.5% PIK (L +10.25%) 12/10/2019 ~  >  ~ ~ 6@2*Preferred Equity (329,266 Class AA units),   ~ j~ ? 15% PIK (11)3+Preferred Equity (3,000,000 Class A units),   ~ 1~ 333333? 11% PIK (11),$Common Equity (3,000,000 units) (11)   ~  ? ? ~  >  ~ ~ j@#Total Affiliate Investments ~    ~ J~ YL@Control Investments   !Malabar International (5)4,Other Aircraft Parts and Auxiliary Equipment    ManufacturingDl}qeE hH:2*[7 !"#$%&'()*+,-./0 Subordinated Loan    11.25% cash / 2.00% PIK  N/A   11/13/2021 ~ w  ~ jw  ~ x   333333@ /!'Preferred Stock (1,644 shares), 6% cash!!!!!!!!! ! ! ~ !B!!~ ![!!!ffffff@!"""""""""" ~ " w" " ~ "V""~ """""@"#MTE Holding Corp. (5)#/#'Travel Trailer and Camper Manufacturing####### # # #####0$(Senior Secured Loan (to Mirage Trailers,$$$$12.50%$$ (L +11.50%)$$ 11/25/2020$ ~ $ 2$ $ ~ $$$~ $$$$333333@$2%*LLC, a controlled, consolidated subsidiary&of MTE Holding Corp.)"'Common Equity (554 shares)''''''''' ' ' ~ '/''~ '4'''333333@'(((((((((( ~ ( 2( ( ~ (((~ (v(((ffffff"@( )Total Control Investment))))))))) ~ ) 6) ) ~ )J))~ )2)))2@)********** * * *****+Total Investments+++++++++ ~ + e+ + ~ +. ++~ +n0+++|h@ +%,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&/ @G=PF0*8X> @600//..++ ++++)) ))))(( ((((''''$$ $$$$"" """"!!!!            l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } -} $ } } $ } } $ } a} $ }  } $                        OFS Capital Corp 10-K 03/12/2018December 31, 2016           Portfolio Company  Investment Type   Range of PIK   Range of Cash   Maximum PIK     Option  Option   Rate Allowed- %Community Intervention Services, Inc.  Subordinated Loan   0% or 6.00%  13.00% or 7.00% ~  %' Intelli-Mark Technologies, Inc.  Senior Secured Loan   0% or 2.00%  13.00% or 11.50% ~   %*"Jobson Healthcare Information, LLCSenior Secured Loan1.50% and 4.295%10.13% and 12.925%Gz.@  %!Pfanstiehl Holdings, Inc.Subordinated Loan 0% or 2.00%10.50% or % 8.50%~    %&United Biologics Holdings, LLCSenior Secured Loan 0% or 2.00%14.00% or 12.00%~    %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0}qe=&P=PF0*8X> @*     l  C  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)Note 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 0.} $ } 6} $ } m)} $ } :      OFS Capital Corp 10-K 03/12/2018 New Accounting Standards        Standard   Description  Period of Adoption 6 .Effect of Adoption on the financial statements# Standards that were adopted      . &ASU 2015-02, Consolidation: Amendments 0 (Modifies existing consolidation guidance * "First Quarter 2016 retrospectively 8 0No material impact to the Company's consolidated% to the Consolidation Analysis 5 -for reporting organizations that are required    financial statements.3+to evaluate whether they should consolidatecertain legal entities.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*Jhvj^ cM=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting Standards!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } %} $ }  } $}  $ } } $      OFS Capital Corp 10-K 03/12/2018Note 5. Investments                Amortized Cost  Percentage of Net Assets   Fair Value  Percentage of Net Assets' Senior secured debt investments~     fffffZ@ % ~     Y@ %% Subordinated debt investments~    @@  ~    333333;@  Preferred equity~ x   )@  ~ ,   ffffff$@ "Common equity and warrants~ j @~ V   @  Total~ ޲~ j %~    ib@  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocR+|pH=PF0*8X> @              l  1O|  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } I;} $ } U} $} $ } U} $} $ } U} $} $ } U} $ 1     OFS Capital Corp 10-K 03/12/20183+102OFS Capital Corporation and Subsidiaries                          Percentage of Total:    Percentage of Total:   Amortized Cost  Amortized Cost   Net Assets   Fair Value   Fair Value   Net Assets7 /Administrative and Support and Waste Management             and Remediation Services5-Security Systems Services (except Locksmiths)~ .@ % 333333 @  % ~  @ %~ " %+#Arts, Entertainment, and Recreation   /'Fitness and Recreational Sports Centers~ V@ #@  ~  #@#@1)Other Amusement and Recreation Industries~ l333333@  @  ~  l@ @ Construction   /'Electrical Contractors and Other Wiring~ @ #@  ~  &!@#@ Installation ContractorsEducation Services   0(Colleges, Universities, and Professional~ ^Wffffff?~    ~  ?333333?SchoolsFinance and Insurance   )!Insurance Agencies and Brokerages~ ffffff @ ffffff@  ~  &333333 @~ 1)Offices of Real Estate Agents and Brokers~ =ffffff? @  ~  ??@)!Health Care and Social Assistance   Medical Laboratories~ C? ffffff@  ~  F?333333@80Offices of Physicians, Mental Health Specialists~ Vffffff? 333333@  ~  U~  333333@.&Outpatient Mental Health and Substance~ ^w@ ffffff@    ? ? ? Abuse CentersDl{ocWKO'  !"#$%&'()*+,-./0  Manufacturing              9!1Bolt, Nut, Screw, Rivet, and Washer Manufacturing!~ !<!!!?!!! @! ! ~ ! b7!!!?!!!ffffff?!."&Commercial Printing (except Screen and"~ "NJ"""?""" @" " ~ " ~J"""333333?"""@"#Books)4$,Other Aircraft Parts and Auxiliary Equipment$~ $S$$$ffffff?$$$ 333333@$ $ ~ $ S$$$ffffff?$$$333333@$% Manufacturing0&(Pharmaceutical Preparation Manufacturing&~ &"?&&&ffffff?&&& @& & ~ & &&&@&&&@&0'(Pump and Pumping Equipment Manufacturing'~ '֒''' @''~ ' ' ' ~ ' '''333333 @''~ ''/('Travel Trailer and Camper Manufacturing(~ (((( @((( @( ( ~ ( "((( @(((@(#)Truck Trailer Manufacturing)~ )l)))333333@))) ffffff@) ) ~ ) bn)))@))) @)5*-Other Services (except Public Administration)****** * * ****-+%Automotive Oil Change and Lubrication+~ ++++!@+++ 333333*@+ + ~ + b++~ +&+++*@+ ,Shops-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/& @?iI"> =PF0*8X> @z/00//..++++ )))) (((( '''' &&&& $$$$ """" !!!!                  l  /!+  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 7} $ } U} $} $ } U} $} $ } U} $} $ } U} $ /     OFS Capital Corp 10-K 03/12/20183+103OFS Capital Corporation and Subsidiaries                          Percentage of Total:    Percentage of Total:   Amortized Cost  Amortized Cost   Net Assets   Fair Value   Fair Value   Net Assets/ 'Commercial and Industrial Machinery and ~    333333@   333333@  ~ &   @   @ 4 ,Equipment (except Automotive and Electronic)Repair and Maintenance/'Professional, Scientific, and Technical    Services4,Computer Systems Design and Related Services~ r@ 333333@  ~  r@333333@!Other Accounting Services~ 7333333? ffffff?  ~  D?ffffff@5-Other Professional, Scientific, and Technical~ tffffff @ ffffff)@  ~  JL@&@ServicesTesting Laboratories~ :6333333? ?  ~  5333333??Veterinary Services~  333333? ?  ~   333333??Public Administration    /'Other Justice, Public Order, and Safety~ V333333 @ @  ~   @333333@ Activities*"Real Estate and Rental and Leasing    $Home Health Equipment Rental~ 333333? ?  ~  6??-%Office Machinery and Equipment Rental~ R333333@ ffffff@  ~  Bffffff@ffffff@ and Leasing Retail Trade    /'Cosmetics, Beauty Supplies, and Perfume~ 6333333? ffffff?  ~  B6??Dl{ocWKO|ZO;nXR6 !"#$%&'()*+,-. Stores! Shoe store!~ !ړ!!!ffffff @!!~ ! ! ! ~ ! f!!!333333 @!!~ !!(" Warehouse Clubs and Supercenters"~ """" @""" @" " ~ " """ffffff @"""333333@",#$All Other General Merchandise Stores#~ #>g###ffffff@###  @# # ~ # c###ffffff@###333333 @#$Wholesale Trade$$$$$$$$ $ $ $ $$$$$$$6%.Metal Service Centers and Other Metal Merchant%~ %%%%@%%% 333333@% % ~ % B%%%@%%%@%& Wholesalers4',Sporting and Recreational Goods and Supplies'~ ''''ffffff@''' 333333@' ' ~ ' ,''~ ''''?'(Merchant Wholesalers))~ )޲))~ ) )%)~ ) j ) %) ~ ) ))~ ) )%))ib@ )%*+$,____________________________1-)Created by Morningstar Document Research.0.(http://documentresearch.morningstar.com/" pH(0$=PF0*8X> @Z+..--,,)))) '''' %%%% #### """" !!!!                  l  e?  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and !104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } %} $ }  } $}  $ } } $      OFS Capital Corp 10-K 03/12/20183+103OFS Capital Corporation and Subsidiaries                Amortized Cost  Percentage of Net Assets   Fair Value  Percentage of Net Assets' Senior secured debt investments~     33333_@ % ~ n    y_@ %% Subordinated debt investments~ ~   fffff&G@  ~     F@  Preferred equity~ k   3333330@  ~ r   0@ "Common equity and warrants~ o@~    "@  Total~ . fffffFh@ %~ n0   |h@  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocWK:}l`T,=PF0*8X> @              l  5` @3443322,,,, **** )))) (((( '''' &&&& $$$$ #### !!!!                   l  &  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 7} $ } U} $} $ } U} $ } U} $} $ } U} $ &     OFS Capital Corp 10-K 03/12/20183+105OFS Capital Corporation and Subsidiaries                          Percentage of Total:    Percentage of Total:   Amortized Cost  Amortized Cost   Net Assets   Fair Value   Fair Value   Net Assets4 ,Computer Systems Design and Related Services ~ <   ffffff?   @  ~ =   ffffff?   @ , $Custom Computer Programming Services ~ O   ?    @  ~ ^P   ?    @ !Other Accounting Services~ BSffffff?  @  ~  L333333?333333 @'Other Computer Related Services~ J333333@ $@  ~  333333@$@5-Other Professional, Scientific, and Technical~ ffffff'@ 333336@  ~  ffffff&@5@ServicesVeterinary Services~ * ? ?  ~  . ??*"Real Estate and Rental and Leasing   $Home Health Equipment Rental~ 333333? 333333?  ~  6?ffffff?-%Office Machinery and Equipment Rental~ ¹333333@  @  ~  333333@"@ and Leasing1)Offices of Real Estate Agents and Brokers~ N=ffffff? @  ~  N=ffffff?@)!Offices of Real Estate Appraisers~ œ @~    ~  B @~  Retail Trade   ,$All Other General Merchandise Stores~ j333333@ 333333@  ~  j333333@333333@Wholesale Trade   6.Metal Service Centers and Other Metal Merchant~ r@ !@  ~  ~ #@ Wholesalers4,Sporting and Recreational Goods and Supplies~ 6~  @  ~  JTffffff?ffffff@Merchant WholesalersDl{ocWKOrS&A%0 !"#$%  ~ .   ~  %  fffffFh@  ~ n0  ~  %  |h@ %!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/d=PF0*8X> @:'%%$$##                      l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } } $                           OFS Capital Corp 10-K 03/12/20183+106OFS Capital Corporation and Subsidiaries             December 31, Balance Sheet: ~  ~  Current assets ~ o  ~ ~V  Noncurrent assets ~   ~   Total Assets~ ~ "Current liabilities~ 0~ %Noncurrent liabilities~  ~ Total liabilities~ >~ j- Non-controlling interest~ X~ :L Total equity~ e~ ^$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6{ocWKa.U| =PF0*8X> @        l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and !109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 6}  $                       OFS Capital Corp 10-K 03/12/20183+106OFS Capital Corporation and Subsidiaries                Years Ended December 31, Summary of Operations: ~  ~  ~ ~  Net Sales ~   ~   ~    Gross Profit ~   ~ 2t  ~  Net income (loss)~  ~ " ~   5-Net income (loss) attributable to MTE Holding~ ~ N ~    Corp.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocWKs|cs=PF0*8X> @            l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } } $ } } $ } $} $ }                               OFS Capital Corp 10-K 03/12/20183+109OFS Capital Corporation and Subsidiaries           + #Fair Value at December 31, 2017 (1)  Valuation technique  Unobservable inputs  Range          (Weighted average) Debt investments:         Senior secured~ J    Discounted cash flow  Discount rates  10.01% - 16.50% (12.24%)~ Enterprise valueEBITDA multiples 7.50x - 7.50x (7.50x)~ Indicative PricesBroker-dealers' quotes  N/A  Subordinated~ 6Discounted cash flowDiscount rates  11.24% - 16.90% (14.69%)~ ?Enterprise valueEBITDA multiples 4.25x - 7.25x (6.37x) Equity investments  Preferred equity~ ,Enterprise valueEBITDA multiples 4.25x - 13.48x (7.80x) Common equity and~ Enterprise valueEBITDA multiples 4.25x - 8.28x (6.27x)warrants$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< {ocWK%h- j=PF0*8X> @Z       l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and !110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } } $ } } $ } } $ }                              OFS Capital Corp 10-K 03/12/20183+109OFS Capital Corporation and Subsidiaries           + #Fair Value at December 31, 2016 (1)  Valuation technique  Unobservable inputs  Range          (Weighted average) Debt investments:        Senior secured~ "    Discounted cash flow  Discount rates  6.70% - 18.71% (12.07%)~ vEnterprise valueEBITDA multiples 7.25% - 7.50% (7.31%)  Subordinated~ Discounted cash flowDiscount rates  10.75% - 21.24% (14.19%)~ FTEnterprise valueEBITDA multiples 8.00x - 8.00x (8.00x) Equity investments  Preferred equity~ rEnterprise valueEBITDA multiples 4.50x - 8.50x (6.82x) Common equity and~ Enterprise valueEBITDA multiples 5.00x - 8.50x (6.07x)warrants$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/: {ocWK%*urI=PF0*8X> @R       l  &  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 6} $ &     OFS Capital Corp 10-K 03/12/20183+110OFS Capital Corporation and Subsidiaries                     $ Year Ended December 31, 2017  Senior   Subordinated  Preferred Equity " Common Equity and Warrants  Total   Secured Debt  Debt   Investments   Investments'Level 3 assets, January 1, 2017~ n ~ ~  r  ~  ~ n0    ( Net realized gain on investments~ R ?~  B  ~  6~ j2*Net unrealized appreciation (depreciation)~ N~ x~    ~  >~ on investments%Amortization of Net Loan Fees~ ~   ?    ?~ .&Capitalized PIK interest and dividends~ J~ J~      ?~ n-Amendment fees~  ?  ?    ?~ -%Purchase and origination of portfolio~ ~ r~  ^H  ~  ~ Ҹ investments5-Proceeds from principal payments on portfolio~ ~   ?    ?~ * investments4,Sale and redemption of portfolio investments~  ?~    ~  ^~ B1)Conversion from debt investment to equity~  ?~  F    ? ?investment (Note 5).&Conversion from subordinated to senior~ i~ ~  ?    ? ?( secured debt investment (Note 5)    D4l{ocWK['n. Wzx, , !"#$%) !Level 3 assets, December 31, 2017~    ~   ~ ,  ~ V  ~  !"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/d! =PF0*8X> @JI%%$$##                                    l  ,$*  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 6} $ ,     OFS Capital Corp 10-K 03/12/20183+111OFS Capital Corporation and Subsidiaries                     $ Year Ended December 31, 2016  Senior   Subordinated  Preferred Equity " Common Equity and Warrants  Total   Secured Debt  Debt   Investments   Investments'Level 3 assets, January 1, 2016~  ~ ~  Y  ~  ڣ~ B   ( Net realized gain on investments~ N~   ?  ~  f!~ "2*Net unrealized appreciation (depreciation)~ &~ ~    ~  ~ ~on investments%Amortization of Net Loan Fees~ ~ J  ?    ?~ .&Capitalized PIK interest and dividends~ ~ j ~  f    ?~ Z(Amendment fees~ ~ ~  ?    ?~ -%Purchase and origination of portfolio~ ~ VY~     ~   ~ 6* investments5-Proceeds from principal payments on portfolio~ a~ n  ?    ?~ y investments4,Sale and redemption of portfolio investments~  ?  ?  ~  ~ 4,Distribution received from equity investment ? ?~      ?~ 3+Equity received in connection with purchase~ f~ ~    ~   ?/'of portfolio investments and amendments1)Conversion from debt investment to equity~ ~ n~    ~   ?investment (Note 5)D;l{ocWK['n. .K4K4Le}J !"#$%&'()*+. &Conversion from subordinated to senior~    ~    ?   ?   ? (! secured debt investment (Note 5)-"%Reclassification from Subordinated to~ "=""~ "r"" " ?" "  " ?"" "?"#Senior Secured debt $Other $?$$ $?$$~ $ $ $  $ ?$$~ $$%%%%%% % % %%)&!Level 3 assets, December 31, 2016~ &n &&~ &&&~ & r& & ~ & &&~ &n0&'($)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/4=PF0*8X> @]++**))&&&&&& && &&$$$$$$ $$ $$"""""" "" ""                                      l  k=  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } } $ } U} $      OFS Capital Corp 10-K 03/12/2018-%Note 7. Commitments and Contingencies       ! Name of Portfolio Company  Investment Type  Amount Carolina Lubes, Inc.  Senior Secured Revolver ~ &  The Escape Game, LLC  Senior Secured Loan ~ bm  TRS Services, LLC  Senior Secured Loan ~  ~ 6$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,D|ui]Q?=PF0*8X> @B     l  T  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and ContingeNote 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } %} $ } 0} $ }  } $}  $      OFS Capital Corp 10-K 03/12/20183+113OFS Capital Corporation and Subsidiaries                   Fixed Interest Rate " SBA debentures outstanding  Pooling Date   Maturity Date     December 31, 2017  December 31, 2016 September 19, 2012  September 1, 2022  1Zd@ % ~   ~   September 25, 2013  September 1, 2023  n@  ~ bm  ~ bm March 26, 2014 March 1, 2024(\@~ "N  ~  "N September 24, 2014September 1, 2024Zd;O@~ :@  ~  :@ September 24, 2014September 1, 2024(\ @~   ~   March 25, 2015 March 1, 2025`"@~   ~   September 23, 2015September 1, 2025Fx @~ `  ~  ` "SBA debentures outstanding~ %   ~  %  'Unamortized debt issuance costs~ ~  ~   6.SBA debentures outstanding, net of unamortized~ ^  ~  n debt issuance costs$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:l {ocWK"o?S lMA=PF0*8X> @                l  7f  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } *}  $                       OFS Capital Corp 10-K 03/12/2018"Note 9. Federal Income Tax              Years Ended December 31, ~  ~  ~ ~ Ordinary taxable income~ :  ~   ~ *  Long-term capital gain~ *  ~    ? Return of capital ?~ j ~  V" +#Total distributions to stockholders~ ~ ~  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.&th\N>'=PF0*8X> @            l  ou  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income Tax!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } !} $      OFS Capital Corp 10-K 03/12/2018"Note 9. Federal Income Tax           December 31, ~  ~  Ordinary income $?   $? # Net long-term capital gains~ "M   ? $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*Bhth\I=PF0*8X> @R         l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 0}  $                       OFS Capital Corp 10-K 03/12/20183+115OFS Capital Corporation and Subsidiaries              Years Ended December 31, ~  ~  ~ ~(  Paid-in capital in excess of par~   ~ B   ~  0 (Accumulated undistributed net investment~   ~   ~ B income,$Accumulated net realized gain (loss)~ ~~ ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocWK=i]Q)=PF0*8X> @           l  s  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } a/} $      OFS Capital Corp 10-K 03/12/20183+115OFS Capital Corporation and Subsidiaries           December 31, ~  ~ / 'Tax-basis amortized cost of investments~ <  ~  / 'Tax-basis gross unrealized appreciation~ >  ~ 1 on investments/'Tax-basis gross unrealized depreciation~ .~ Non investments-%Tax-basis net unrealized appreciation~ j~ V%(depreciation) on investments!Fair value of investments~ ~ n0$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6{ocWK l=PF0*8X> @        l  4E  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } @} $ } $} $ } $}  $ } $ 4                                 OFS Capital Corp 10-K 03/12/2018%Note 10. Financial Highlights              Years Ended December 31, ~  ~  ~ ~ Per share data:        1 )Net asset value per share at beginning of p= ף-@   Q-@   {Gz,@ periodDistributions (4)  From ordinary income= ףp= Gz From capital gains)\(̿{Gz  ? Return of capital ? ףp=  q= ףpͿ Net investment income{Gz?\(\? = ףp=? =5Net realized gain (loss) on non-control/non-affiliatep= ףп? ףp= ӿ  investments2*Net realized gain on affiliate investmentsQ? ? Q? 2*Net unrealized appreciation (depreciation)(\Gz (\? 0(on non-control/non-affiliate investments2*Net unrealized appreciation (depreciation)= ףp=ڿQ? p= ף?  on affiliate investments.&Net unrealized appreciation on control ?Q?  ?  investment$Issuance of common stock (5)Q ?  ?  Other (6)? ?  ? 2*Net asset value per share at end of period= ףp=,@p= ף-@ Q-@ D l}qeYK)}`KoK  ! " # $ % & ' ( ) * + , - . / 0 1 2 3          -!%Per share market value, end of period!'@!!!Q+@!!! (\&@! ."&Total return based on market value (1)" "%""fffff&@@ "%"~ " & " %1#)Total return based on net asset value (2)#333333@ #%##ffffff#@ #%## *@ # %+$#Shares outstanding at end of period~ $8.$$~ $&P$$~ $ O$ +%#Weighted average shares outstanding~ %%%~ %O%%~ % &8N% -&%Ratio/Supplemental Data (in thousands&&&&&&& & 'except ratios)#(Average net asset value (3)~ (y ((~ (((~ ( ( () Net asset value at end of period~ )~ ))~ )))~ ) ) *Net investment income~ ***~ ***~ * * 5+-Ratio of total expenses to average net assets+ffffff$@ +%++'@ +%++ +@ + %4,,Ratio of net investment income to net assets, @ ,%,,#@ ,%,, 333333#@ , %-at end of period.Portfolio turnover (7).333333I@ .%..2@ .%.. LF@ . %/0$1____________________________12)Created by Morningstar Document Research.03(http://documentresearch.morningstar.com/, |NzB){=PF0*8X> @zO33 22 11 ...... ,,,,,, ++++++ ****** )))))) (((((( %%%%%% $$$$$$ ###### """""" !!!!!!                  l  #  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } I"} $ } a} $ } a}  $ }  } $ #     OFS Capital Corp 10-K 03/12/20183+117OFS Capital Corporation and Subsidiaries                      Date Declared   Record Date   Payment Date  Amount  Cash   DRIP Shares   DRIP Shares        Per Share   Distribution  Issued  Value$ Year ended December 31, 2015              March 4, 2015  March 17, 2015  March 31, 2015  (\?  ~ 0  ~ *  ~ R  May 4, 2015 June 16, 2015 June 30, 2015(\? ~  0  ~ ~ jAugust 6, 2015September 16, 2015September 30, 2015(\? ~  1  ~ N~ NDecember 2, 2015December 17, 2015December 31, 2015(\? ~  N3  ~ F~ 2(\? ~  J  ~ Bv~ 6$Year ended December 31, 2016    March 7, 2016March 17, 2016March 31, 2016(\? ~  B3  ~  ~ > May 2, 2016 June 16, 2016 June 30, 2016(\? ~  3  ~ :~ jAugust 5, 2016September 16, 2016September 30, 2016(\? ~  2  ~ "-~ October 31, 2016December 16, 2016December 30, 2016(\? ~  2  ~ >0~ (\? ~    ~ ~ $Year ended December 31, 2017    March 9, 2017March 17, 2017March 31, 2017(\? ~  2  ~ -~  May 2, 2017 June 16, 2017 June 30, 2017(\? ~  F  ~ 5~ August 1, 2017September 15, 2017September 29, 2017(\? ~  .F  ~ 1~ October 31, 2017December 15, 2017December 29, 2917(\? ~  E  ~ S~ (\? ~    ~ "~ Dl{ocWK[{ edg]S{ !"$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/ (=PF0*8X> @8""!!                        l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and Note 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 8} $      OFS Capital Corp 10-K 03/12/2018>6Note 12. Selected Quarterly Financial Data (Unaudited)                   Quarter Ended   December 31,   September 30,  June 30,   March 31, ~  ~  ~  ~  Total investment income~   ~   ~ |  ~ } Net investment income~ ;~ D~  rC  ~  24&Net gain (loss) on investments~ .~ ~    ~  7/Net increase (decrease) in net assets resulting~ @~ ^~  ^  ~   Lfrom operations7/Net increase (decrease) in net assets resulting)\(? ףp= ? (\ſ   ?%from operations per share (1)%Net asset value per share (2)= ףp=,@L,@ ,@   (\-@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8 pdXL@[i Wuup=PF0*8X> @"$                     l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly Fina!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 1} $      OFS Capital Corp 10-K 03/12/2018>6Note 12. Selected Quarterly Financial Data (Unaudited)                   Quarter Ended   December 31,   September 30,  June 30,   March 31, ~  ~  ~  ~  Total investment income~ F  ~ r  ~ x  ~ z Net investment income~ b:~ 3~  6  ~  9&Net gain (loss) on investments~ ~ ~     ~  1)Net increase in net assets resulting from~ ^K~ R%~  C  ~  # operations1)Net increase in net assets resulting from\(\?? ?   Q? operations per share (1)%Net asset value per share (2)p= ף-@ףp= W-@ Q-@   L-@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8 pdXL@[i W=PF0*8X> @"$                     l  )4;  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } '} $ } U} $ )     OFS Capital Corp 10-K 03/12/2018SKNote 13. Consolidated Schedule of Investments In and Advances To Affiliates                               ! Name of Portfolio Company  Investment Type (1)  Net Realized Gain (Loss) : 2Net change in unrealized appreciation/depreciation  Interest, Fees and % December 31, 2016, Fair Value  Gross  Gross ) !December 31, 2017, Fair Value (5)             Dividends Credited to       Additions (3)  Reductions (4)              Income (2) Control Investments                Malabar InternationalSubordinated Loan $? $?  ~  b~ x~ Z~  $?Preferred Equity ? ?  ~  ~ [~ "~ 2 ? ? ?  ~  f ~ ~ z~  ?  MTE Holding Corp.Senior Secured Loan ?~   ~  "~ ~ j~ :~ :o Common Equity ?~   ~  ~ 4~  ?~ 5 ?~   ~  ~ v~ v~ :~ "  !Total Control Investments ?~   ~  !~ 2~ ~ ~ "Affiliate Investments  All Metals Holding, LLCSenior Secured Loan ?~   ~  ~ ~ n~ ~ ^Common Equity (6) ?~     ?~ ~  ?~  ?~   ~  ~ ~ ^ ~ ~ B   ( Contract Datascan Holdings, Inc.Subordinated Loan ?~ v  ~  J~ z{~  ?~ }Preferred Equity (6)(7) ? ?  ~  z~ T~ ~ ?~ 2]Common Equity (6) ?~ &    ?~  ?~ &~  ?~   ~  ~ ~  ~ &~ BD.l[OC7+IjZ-a:zZ !"#$%&'(                        '!Intelli-Mark Technologies, Inc.!!Senior Secured Loan! !?!!~ !! ! ~ !  !!~ !&!!~ !!!~ !t!! !?!"""Common Equity (6)"~ " ""~ ":" "  " ?""~ ":"""""~ """ "?"####~ # ##~ ## # ~ #  ##~ #^##~ ###~ #U## #?#$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/CG=PF0*8X> @"((''&&#### ## ########"""" "" """"""!!!! !! !!!!!!!!                                        l  *ci9q  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } 0.} $ } U} $ *     OFS Capital Corp 10-K 03/12/20183+120OFS Capital Corporation and Subsidiaries                               ! Name of Portfolio Company  Investment Type (1)  Net Realized Gain (Loss) : 2Net change in unrealized appreciation/depreciation  Interest, Fees and % December 31, 2016, Fair Value  Gross  Gross ) !December 31, 2017, Fair Value (5)             Dividends Credited to       Additions (3)  Reductions (4)              Income (2). &Jobson Healthcare Information, LLC (8)  Senior Secured Loan  ?   ?   ?   ?  ~      ~   Common Equity ? ?    ? ? ? ? ?Warrants ? ?    ? ? ? ? ?    ? ?~  ?~ !Malabar International (9)Subordinated Loan ?~ ^  ~  ~  ?~ fz~  ?Preferred Equity~ ZW~ >  ~   ?~ t~ 2 ?~ ZW~   ~  ^  ?~ 6~  ?   Master Cutlery, LLCSubordinated Loan ?~   ~   ~ bE~ 6 ~ R~ ,Preferred Equity (6)(7) ?~     ?~ ~  ?Common Equity (6) ? ?    ? ? ? ?~   ~   ~ JT~ 6 ~ j~ ,   NeoSystems Corp.Subordinated Loan ?~   ~  b~ "9~ ~ ~ ~!Preferred Equity (6)(7) ?~ v   ~  ~ ~ ~ "# ?~    ~  v~ L~ "~ ~ D    Pfanstiehl Holdings, IncSubordinated Loan ?~ J  ~  ~ ;~ ~ "~ : Common Equity ?~ B  ~  R~ _~ B~ NJD^l{ocWK;i~)P? !"#$%&'()     ?  ~   ~ ^  ~   ~   ~ b  ~  !!!!!!!!! ! ! !!!!!!!!!!!!!(" Strategic Pharma Solutions, Inc.""Senior Secured Loan" "?""~ "f" " ~ " """~ """~ """~ "{"" "?"###Preferred Equity (6)(7)#~ #8##~ ## # ~ # F##~ #J/##~ #F##~ #v## #?#$$$$~ $8$$~ $ $ $ ~ $ f$$~ $F$$~ $R$$~ $nK$$ $?$%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/T=PF0*8X> @))((''$$$$ $$ $$$$$$$$#### ## ########"""" "" """"""""                                                     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } a/} $ } 0} $      OFS Capital Corp 10-K 03/12/20183+121OFS Capital Corporation and Subsidiaries                               ! Name of Portfolio Company  Investment Type (1)  Net Realized Gain (Loss) : 2Net change in unrealized appreciation/depreciation  Interest, Fees and % December 31, 2016, Fair Value  Gross  Gross ) !December 31, 2017, Fair Value (5)             Dividends Credited to       Additions (3)  Reductions (4)              Income (2) TRS Services, Inc.  Senior Secured Loan  ?  ~    ~   ~ 6  ~   ~   ~  0(Preferred Equity (Class AA units) (6)(7) ? ?  ~  ~ ~ ~ f/'Preferred Equity (Class A units) (6)(7) ?~   ~  2~ ~ .~ "Common Equity (6) ? ?    ? ? ? ?~   ~  ~ j~  ~ ~ &   #Total Affiliate Investments~ ~   ~  ~ ~ ~ B@~ >/'Total Control and Affiliate Investments~ ~   ~  ~ ~ ~ F&~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8_{ocWK;is=RF:=PF0*8X> @;                              l  -ƪ  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and b Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } I } $ } U5} }  -     OFS Capital Corp 10-K 03/12/2018 b. Exhibits         ! Incorporated by Reference  Exhibit   Description Form and SEC File No. Filing Date with SEC Filed with this 10-K Number @ 3 +Certificate of Incorporation of OFS Capital N-2 (333-166363) March 18, 2011  Corporation @0(Certificate of Correction to Certificate10-K (814-00813)March 26, 20133+of Incorporation of OFS Capital Corporationffffff @)!Bylaws of OFS Capital CorporationN-2/A (333-166363)March 18, 2011ffffff@0(Form of Stock Certificate of OFS CapitalN-2/A (333-166363)March 18, 2011 Corporation@Form of Base IndentureN-2 (333-200376)November 19, 2014333333@.&Statement of Eligibility of Trustee onN-2/A (333-200376)December 24, 2014Form T-1@!Form of Warrant AgreementN-2/A (333-200376)December 16, 2014@,$Form of Subscription Agent AgreementN-2/A (333-200376)December 16, 2014D lwk#7%_4]P;x0 !"#$%&'()*+,      !ffffff@!(! Form of Subscription Certificate!N-2/A (333-200376)!December 16, 2014!""""""#@#*#"Form of Certificate of Designation#N-2/A (333-200376)#December 16, 2014#$$$$$$%333333$@%*%"Form of Dividend Reinvestment Plan%N-2/A (333-166363)%March 18, 2011%&&&&&&'ffffff$@'4',Investment Advisory and Management Agreement'10-Q (814-00813)'November 7, 2014'((/('between OFS Capital Corporation and OFS)))Capital Management, LLC$*____________________________1+)Created by Morningstar Document Research.0,(http://documentresearch.morningstar.com/'Lt,G =PF0*8X> @",,++**  l  JF  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } I } $ } 8} }  J     OFS Capital Corp 10-K 03/12/2018 b. Exhibits         ! Incorporated by Reference  Exhibit   Description Form and SEC File No. Filing Date with SEC Filed with this 10-K Number      $@!Form of Custody AgreementN-2/A (333-166363)March 18, 2011$@,$Administration Agreement between OFSN-2/A (333-166363)March 18, 20115-Capital Corporation and OFS Capital Services, LLC%@-%License Agreement between OFS CapitalN-2/A (333-166363)March 18, 20112*Corporation and Orchard First Source AssetManagement, LLC333333%@1)Form of Indemnification Agreement betweenN-2/A (333-166363)March 18, 2011/'OFS Capital Corporation and each of its( directors and executive officersffffff%@-%Form of Registration Rights AgreementN-2/A (333-166363) July 24, 20123+between OFS Capital Corporation and Orchard*"First Source Asset Management, LLCD lwk#7%V|+)`~:` !"#$%&'()*+,-./0123456789:;<=>? %@ / 'Loan Portfolio Purchase Agreement among 8-K (814-00813)  June 2, 2015 !!/!'OFS Capital WM, LLC and Madison Capital""'"Funding LLC, dated May 28, 2015######$%@$3$+Business Loan Agreement between OFS Capital$$ $*%%2%*Corporation and Pacific Western Bank dated&&& March 7, 2018''''''(333333$@(7(/Promissory Note between OFS Capital Corporation(10-Q (814-00813)(November 6, 2015())/)'and Pacific Western Bank dated November***5, 2015++++++,Q8$@,6,.Change in terms to the Business Loan Agreement,, ,*--3-+between OFS Capital Corporation and Pacific..(. Western Bank dated March 7, 2018//////0= ףp=$@0/0'Commercial Guaranty Agreement among OFS00 0*1111)Capital Corporation, OFS Capital WM, LLC,22/2'and Pacific Western Bank dated March 7,33~ 34444445333333&@5)5!Computation of Per Share Earnings55 5+6666667333333,@777/Joint Code of Ethics of OFS Capital Corporation710-Q (814-00813)7November 3, 20177888and OFS Advisor999999:5@::List of Subsidiaries:: :*;;;;;;<?@<0<(Certification of Chief Executive Officer<< <*==1=)pursuant to Rule 13a-14 of the Securities>>(> Exchange Act of 1934, as amended??????D! lp% YqF20r*rZ8@ABCDEFGHI@333333?@@0@(Certification of Chief Financial Officer@@ @*AA1A)pursuant to Rule 13a-14 of the SecuritiesBB(B Exchange Act of 1934, as amendedCCCCCCD @@D0D(Certification of Chief Executive OfficerDD D?EE5E-pursuant to Section 906 of the Sarbanes-OxleyFFF Act of 2002$G____________________________1H)Created by Morningstar Document Research.0I(http://documentresearch.morningstar.com/<9=PF0*8X> @"IIHHGG  l  t  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } I } $ } 6} }       OFS Capital Corp 10-K 03/12/2018 b. Exhibits         ! Incorporated by Reference  Exhibit   Description Form and SEC File No. Filing Date with SEC Filed with this 10-K Number      @@.&Certificate of Chief Financial Officer ?5-pursuant to Section 906 of the Sarbanes-Oxley Act of 2002$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,9|wk#7%h=PF0*8X> @"  l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } $} I;      OFS Capital Corp 10-K 03/12/2018 b. Exhibits   * Filed herewith. +9 1Included in the notes to the financial statements  contained in this report ? Furnished herewith$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hwkS+znF=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)CHANGE IN TERMS AGREEMENTCOMMERCIAL GUARANTYU } } 8} I } 0      OFS Capital Corp 10-K 03/12/2018BUSINESS LOAN AGREEMENT      Borrower:7 /OFS Capital Corporation, a Delaware corporation Lender: Pacific Western Bank ) !10 South Wacker Drive, Suite 2500 0 (Los Angeles Real Estate and Construction  Chicago, IL 60606 * "9701 Wilshire Boulevard, Suite 700    Beverly Hills, CA 90212$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hwk_/3}qI=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCOMMERCIAL GUARANTYU } } 8} I } 0      OFS Capital Corp 10-K 03/12/2018!CHANGE IN TERMS AGREEMENT      Borrower:7 /OFS Capital Corporation, a Delaware corporation Lender: Pacific Western Bank ) !10 South Wacker Drive, Suite 2500 0 (Los Angeles Real Estate and Construction  Chicago, IL 60606 * "9701 Wilshire Boulevard, Suite 700    Beverly Hills, CA 90212$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hui]-1{oG=PF0*8X> @ l  u$  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MOFS Capital CorporationNoneTABLE OF CONTENTS2Defined TermsAdditional AssumptionsAdditional Assu (1)!We finance our investments with!Price Range of Common Stock Hol!Sales of Unregistered SecuritieRevenue recognition54Fair value estimatesPortfolio CompositionPortfolio Compo (1)Portfolio Compo (2)Portfolio Compo (3)Investment ActivityNoncash Investment Activity!Comparison of years ended Decem Comparison of years ended (1) ExpensesNet gain loss on investments!Sources and Uses of Cash and CaSBA Debentures!Contractual Obligations and OffRecent DevelopmentsRecent Developm (1)Index to Financial StatementsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)December 31 2017December 31 201 (1)December 31 201 (2)December 31 201 (3)December 31 201 (4)December 31 201 (5)December 31 201 (6)December 31 2016December 31 201 (7)December 31 201 (8)December 31 201 (9)December 31 201 (10)December 31 201 (11)December 31 201 (12)New Accounting StandardsNote 5 Investments!102OFS Capital Corporation and !103OFS Capital Corporation and 103OFS Capital (1)!104OFS Capital Corporation and !105OFS Capital Corporation and !106OFS Capital Corporation and 106OFS Capital (1)!109OFS Capital Corporation and 109OFS Capital (1)!110OFS Capital Corporation and !111OFS Capital Corporation and !Note 7 Commitments and Continge!113OFS Capital Corporation and Note 9 Federal Income TaxNote 9 Federal Income (1)!115OFS Capital Corporation and 115OFS Capital (1)Note 10 Financial Highlights!117OFS Capital Corporation and !Note 12 Selected Quarterly FinaNote 12 Selected (1)!Note 13 Consolidated Schedule o!120OFS Capital Corporation and !121OFS Capital Corporation and  b Exhibitsb Exhibits (1)b Exhibits (2)b Exhibits (3)BUSINESS LOAN AGREEMENTCHANGE IN TERMS AGREEMENTU } } 8} I } 0      OFS Capital Corp 10-K 03/12/2018COMMERCIAL GUARANTY      Borrower:7 /OFS Capital Corporation, a Delaware corporation Lender: Pacific Western Bank   0 (Los Angeles Real Estate and Construction ) !10 South Wacker Drive, Suite 2500 * "9701 Wilshire Boulevard, Suite 700  Chicago, IL 60606  Beverly Hills, CA 90212 Guarantor:/'OFS Capital WM, LLC, a Delaware limitedliability company)!10 South Wacker Drive, Suite 2500$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{oc3X]-jB=PF0*8X> @ Root Entry FBook  %   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~