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OFS Credit Company to offer preferred shares due 2024

OFS Credit Co. Inc. plans to offer series A term preferred shares due 2024, with the public offering price and other terms still being negotiated between the company and the underwriters.

The preferred shares have been approved for listing on the Nasdaq Capital Market under the symbol OCCIP. The shares will begin trading within 30 days from the original issue date.

The company intends to grant the underwriters a 30-day option to purchase additional preferred shares to cover overallotments.

Ladenburg Thalmann & Co. Inc., BB&T Capital Markets, Incapital LLC and National Securities Corp. are joint book-running managers of the offering. Newbridge Securities Corp. is serving as co-manager.