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OFS Capital commences debt offering

OFS Capital Corp. commenced an underwritten offering of unsecured notes due 2025.

The company has submitted an application for the notes to be listed and traded on the Nasdaq Global Select Market under the trading symbol OFSSB. The company expects the notes to begin trading within 30 days from the original issue date, if they are approved for listing.

The interest rate and other terms of the notes will be determined at the time of pricing of the offering.

OFS Capital intends to use the net proceeds from the offering to fund investments in line with its investment strategy and for other general corporate purposes. The company may also use a portion of the net proceeds to repay outstanding indebtedness under its revolving credit facility.

Ladenburg Thalmann & Co. Inc., BB&T Capital Markets and Janney Montgomery Scott LLC are acting as joint book-running managers for the offering. B. Riley FBR Inc., Incapital LLC, National Securities Corp. and William Blair are acting as lead managers for the offering.