OFS Capital Corp (OFS): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OFS Capital Corp incurred senior notes of $69,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.50% per year maturing July 31, 2028.

Instrument: senior notes
Principal: $69,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.50% per year
Maturity: July 31, 2028
Event: incurrence

Exact text from the filing

2018, between the Company and the Trustee (the “Base Indenture”; and together with the Seventh Supplemental Indenture, the “Indenture”), relating to the Company’s issuance of $69,000,000 aggregate principal amount of its 7.50% notes due 2028 (the “Notes”). The Notes will mature on July 31, 2028, and the Company may redeem the Notes in whole or in part at any time,

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Source: SEC EDGAR

accession 0001487918-25-000080

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