CHICAGO--(BUSINESS WIRE)--May 23, 2018--
OFS Capital Corporation (Nasdaq: OFS) (“OFS” or “OFS Capital”) announced
today that its Board of Directors has approved a stock repurchase
program whereby OFS is authorized to repurchase up to $10 million in the
aggregate of its outstanding common stock.
Under the program, OFS is authorized to repurchase shares in open market
transactions, including through block purchases, depending on prevailing
market conditions and other factors.
The repurchase program may be extended, modified or discontinued at any
time for any reason. The program does not obligate OFS to acquire any
specific number of shares, and all repurchases will be made in
accordance with SEC Rule 10b-18, which sets certain restrictions on the
method, timing, price and volume of stock repurchases.
About OFS Capital Corporation
OFS Capital Corporation is an externally managed, closed-end,
non-diversified management investment company that has elected to be
regulated as a business development company. OFS Capital's investment
objective is to provide stockholders with both current income and
capital appreciation primarily through debt investments and, to a lesser
extent, equity investments. OFS Capital invests primarily in privately
held middle-market companies in the United States, including
lower-middle-market companies, targeting investments of $3 to $20
million in companies with annual EBITDA between $3 million and $50
million. OFS Capital offers flexible solutions through a variety of
asset classes including senior secured loans, which includes first-lien,
second-lien and unitranche loans, as well as subordinated loans and, to
a lesser extent, warrants and other equity securities. OFS Capital's
investment activities are managed by OFS Capital Management, LLC, an
investment adviser registered under the Investment Advisers Act of 1940
and headquartered in Chicago, Illinois, with additional offices in New
York and Los Angeles.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180523005355/en/
Source: OFS Capital Corporation
Investor Relations:
OFS Capital Corporation
Steve Altebrando,
646-652-8473
saltebrando@ofsmanagement.com