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OFS Capital closes debt offering


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OFS Capital closes debt offering

OFS Capital Corp. has completed a public offering of $47.5 million of its 6.375% notes due April 30, 2025.

The company may issue up to an additional $2.8 million in aggregate principal amount of the notes pursuant to the underwriters' overallotment option. The notes will mature on April 30, 2025, and may be redeemed in whole or in part at any time, or from time to time, at the company's option on or after April 30, 2020.

The company intends to use the net proceeds to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes. A portion of the net proceeds will be used to repay outstanding debt under its revolving credit facility, which was $38.2 million as of April 9.

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