Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OFS Capital Corp. > News item |
OFS Capital talks $100 million five-year fixed-rate notes at 5% area
By Devika Patel
Knoxville, Tenn., Feb. 5 – OFS Capital Corp. guided pricing for its $100 million offering of five-year fixed-rate senior notes (Egan Jones: BBB) in the 5% area, according to a 497AD filed with the Securities and Exchange Commission.
The SEC-registered notes due Feb. 10, 2026 feature a make-whole call until three months prior to maturity and then a par call.
Goldman Sachs & Co. LLC and Truist Securities Inc. are the bookrunners.
Pricing was expected on Friday.
Settlement is expected on Feb. 10.
Proceeds will be used to pay down, retire or redeem debt, which may include the company’s 6.5% notes due 2025, its 6.375% notes due 2025 and/or the borrowings under its secured revolving credit facility with BNP Paribas.
OFS is a Chicago-based non-diversified management investment company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.