{"schema_version":"secwatch.filing_event.v1","accession":"0001487918-22-000075","form_type":"8-K","ticker":"OFS","cik":"0001487918","company_name":"OFS Capital Corp","filed_at":"2022-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.818981+00:00","generated_at":"2026-06-21T04:05:12.429885+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"OFS Capital reduces PacWest credit facility to $25M, removes No Net Losses covenant","bullets":["Maximum borrowing capacity cut from $35M to $25M; unused commitment fee of 0.50% applies on amounts over $15M.","The No Net Losses covenant, which restricted net losses in more than two of the prior four quarters, has been eliminated.","New covenants: minimum Net Asset Value of $100M, minimum quarterly Net Investment Income of $2M, max Debt/Worth ratio of 350%.","Amendment executed December 15, 2022; PWB Credit Facility used for general corporate purposes and investment funding."],"urls":{"canonical":"https://secwatch.observer/filing/0001487918-22-000075","json":"https://secwatch.observer/filing/0001487918-22-000075.json","markdown":"https://secwatch.observer/filing/0001487918-22-000075.md","text":"https://secwatch.observer/filing/0001487918-22-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1487918/000148791822000075/0001487918-22-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1487918/000148791822000075/ofs-20221215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T04:05:12.429885+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8b1f14ca47ae23c88802cd6926113c597aa02771","claim":"OFS Capital Corp amended Secured Revolver Amendment with Pacific Western Bank valued at from $35.0 million to $25.0 million (effective 2022-12-15).","evidence_excerpt":"On December 15, 2022, OFS Capital Corporation, a Delaware corporation (the “Company”), executed an amendment (the “Secured Revolver Amendment”) to its Business Loan Agreement with Pacific Western Bank, as lender (“PacWest”), pursuant to which PacWest provides the Company with a senior secured revolving credit facility (as amended from time to time, the “PWB Credit Facility”) for general corporate purposes including investment funding.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1487918/000148791822000075/0001487918-22-000075-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Pacific Western Bank"},{"label":"Value","value":"from $35.0 million to $25.0 million"},{"label":"Effective","value":"2022-12-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}