OFS Capital Corp. has priced its underwritten offering of 3.5 million common shares at a public offering price of $14.57 per share.

The underwriters were granted an option to purchase up to an additional 525,000 common shares. The company's investment adviser, OFS Capital Management LLC, agreed to bear the sales load payable to the underwriters and to pay an additional supplemental payment of 25 cents per share to the underwriters, reflecting the difference between the actual public offering price of $14.57 per share and the net proceeds of $14.82 per share received by the company in the offering.

The offering is expected to close April 4, subject to customary closing conditions.

The company plans to use the net proceeds from the offering for investments in portfolio companies and for general working capital purposes, including the temporary repayment of debt and other working capital needs.

Morgan Stanley & Co. LLC, UBS Investment Bank, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the book-running managers for the offering. Janney Montgomery Scott LLC and Ladenburg Thalmann & Co. Inc. are lead managers, and Aegis Capital Corp. and National Securities Corp. are co-managers.