OFS Capital amends revolving facility to reduce size to $75 million

By Tali Rackner

Norfolk, Va., March 17 – 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 $75 million from $100 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 March 12.

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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