debt
confidence high
sentiment neutral
materiality 0.55
OFS Capital issues $25M unsecured note at 8% due 2029, proceeds to redeem 4.75% Notes due 2026
OFS Capital Corp
- Sold $25M principal unsecured note at $24.25M (discount) to an institutional accredited investor.
- Note carries fixed 8.00% interest, payable quarterly, matures August 8, 2029.
- Proceeds to partially redeem its 4.75% Notes due 2026.
- Note ranks pari passu with existing unsecured unsubordinated debt.
- Covenants include BDC status, minimum asset coverage, and dividend restrictions.
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