OFS Capital subsidiary reduces revolving facility to $100 million

By Marisa Wong

Madison, Wis., Nov. 19 – OFS Capital Corp. wholly owned subsidiary, OFS Capital WM, LLC, elected unilaterally to permanently reduce the size of its secured revolving credit facility with Wells Fargo Bank, NA to $100 million from $125 million, according to an 8-K filing with the Securities and Exchange Commission.

OFS Capital WM delivered written notice of the reduction to Wells Fargo on Nov. 18.

The reduction will result in a lowering of OFS Capital WM’s interest expenses, attributable to a reduction of its non-usage fee.

No costs were incurred in connection with the reduction.

The company originally entered into the loan and security agreement on Sept. 28, 2010.

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

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