OFS Capital unit obtains $150 million five-year revolving facility

By Wendy Van Sickle

Columbus, Ohio, June 24 – OFS Capital Corp. wholly owned subsidiary OFSCC-FS, LLC entered into a credit agreement on Thursday providing for a $150 million senior secured revolver, according to an 8-K filing with the Securities and Exchange Commission.

BNP Paribas is administrative agent. Citibank, NA is the collateral agent.

The credit agreement matures on June 20, 2024, subject to accelerated maturity upon certain events.

Borrowings bear interest at Libor plus an applicable spread.

Proceeds may be used to fund collateral loans, eligible investments, additional extensions of credit under revolving collateral loans or delayed drawdown collateral loans and to fund a reserve account or to make permitted distributions.

OFS Capital is a Chicago-based non-diversified management investment company.

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