OFS Capital issues $69M of 7.50% notes due 2028 to refinance lower-coupon debt

OFS Capital Corp

• Issued $69 million aggregate principal of 7.50% unsecured notes due July 31, 2028.
• Net proceeds of ~$67.32 million after underwriting discount and expenses.
• Proceeds to partially redeem $125M outstanding 4.75% notes due 2026.
• Notes are redeemable at par on or after July 31, 2026.
• Interest payable quarterly at 7.50% starting Oct 31, 2025.