OFS Capital to repay revolver debt with proceeds from $25-par notes

By Sarah Lizee

Olympia, Wash., Oct. 8 – OFS Capital Corp. plans to repay debt under its revolving credit facility using proceeds from a new offering of notes, according to a press release.

As of Oct. 7, there was $45.8 million of debt outstanding under the revolver.

The company announced it intends to offer $25-par notes (expected Egan-Jones: BBB+).

Proceeds from the offering will also be used to fund investments in debt and equity securities in line with its investment objective and for other general corporate purposes.

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

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