OFS Forms Senior Loan Subsidiary
OFS Capital Corporation - Closed End Fund (OFS)
Last ofs capital corporation - closed end fund earnings: 3/13 08:00 am
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US:NASDAQ Investor Relations:
ir.ofscapitalcorp.com
Company Research
Source: Business Wire
Debt Facility Designed to Focus on Senior Secured LoansWaives 75 Basis Points of Base Management Fees on Assets Held in Subsidiary CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (NASDAQ:OFS) (“OFS Capital” or the “Company”), a business development company, announced today that it has established a $150 million secured revolving credit facility (the "Credit Facility") through a newly-formed indirect wholly owned subsidiary of the Company.The new entity will primarily hold first lien loans, including unitranche loans. Management believes that the Credit Facility will provide sponsors and management teams with continued access to flexible capital and improve OFS Capital’s deal flow.OFS Capital Management, LLC, the Company’s investment adviser, has agreed to waive a portion of its base management fee by reducing it to 1%, from 1.75%, on assets held in the subsidiary. Such waiver will be renewable on an annual basis and will apply when statutory leverage exceeds 1.0x debt to equity.“
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OFS
News
- OFS Capital Corporation Announces Date for Its First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- OFS Capital Co. (NASDAQ: OFS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- OFS Capital Corporation (NASDAQ:OFS) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- OFS Capital Co. (NASDAQ: OFS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- OFS Capital Corp Reports Mixed Q4 and Full Year 2023 Results; NAV Declines Amid Investment ... [Yahoo! Finance]Yahoo! Finance
OFS
Earnings
- 3/4/24 - Miss
OFS
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- 4/24/24 - Form ARS
- OFS's page on the SEC website