OFS Capital repays in full, terminates Wells Fargo secured revolver

By Marisa Wong

Madison, Wis., June 2 – OFS Capital Corp.’s wholly owned subsidiary, OFS Capital WM, LLC, repaid in full all amounts outstanding under its secured revolving credit facility with Wells Fargo Bank, NA, according to an 8-K filing with the Securities and Exchange Commission.

Following the repayment, the company terminated the loan agreement on May 28.

The company used $52.4 million of proceeds from an asset sale to repay the revolver borrowings.

The company said it expects to use remaining cash proceeds from the asset sale to originate higher-yielding direct loans.

OFS Capital is an investment company based in Rolling Meadows, Ill.

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