OFS Capital Corp. commenced an offering of unsecured notes.
The business development company said the interest rate and other terms will be determined at the offering's pricing. It intends to use net proceeds to fund investments in debt and equity securities, for general corporate purposes and to repay debt under its revolving credit facility, which had an outstanding balance of $45.8 million as of Oct. 7.
Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and BB&T Capital Markets are joint book-running managers of the offering. Incapital LLC and National Securities Corp. are the lead managers.
