We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
OFS Capital Corporation | NASDAQ:OFS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.84 | 8.84 | 9.04 | 0 | 12:22:21 |
Issuer | OFS Capital Corporation (the “Company”) | |||||||
Security |
4.95% Notes due 2028
|
|||||||
Rating* | BBB (Egan-Jones) | |||||||
Initial Aggregate Principal Amount Offered |
$50,000,000
|
|||||||
Over-Allotment Option |
$5,000,000 aggregate principal amount of Notes within 30 days of the date hereof solely to cover over-allotments, if any.
|
|||||||
Initial Public Offering Price | 100% of aggregate principal amount ($25 per Note) | |||||||
Principal Payable at Maturity | 100% of the aggregate principal amount | |||||||
Type of Note | Fixed-rate note | |||||||
Listing | The Company intends to list the Notes on The Nasdaq Global Select Market within 30 days of the original issue date under the trading symbol “OFSSH”. | |||||||
Maturity | October 31, 2028 |
Interest Rate | 4.95% per year | |||||||
Underwriting Discount | 3.125% (or $1,562,500 total assuming the over-allotment option is not exercised) | |||||||
Net Proceeds to the Issuer, before Expenses |
96.875% (or $48,437,500 total assuming the over-allotment option is not exercised)
|
|||||||
Day Count Basis | 360-day year of twelve 30-day months | |||||||
Trade Date | October 22, 2021 | |||||||
Settlement Date** |
October 28, 2021 (T+4)
|
|||||||
Date Interest Starts Accruing | October 28, 2021 | |||||||
Interest Payment Dates |
January 31, April 30, July 31, and October 31, commencing January 31, 2022. If an interest payment date falls on a non-business day, the applicable interest payment will be made on the next business day and no additional interest will accrue as a result of such delayed payment.
|
|||||||
Interest Periods |
The initial interest period will be the period from and including October 28, 2021, to, but excluding, the initial interest payment date, and the subsequent interest periods will be the periods from and including an interest payment date to, but excluding, the next interest payment date or the stated maturity date, as the case may be.
|
|||||||
Specified Currency | U.S. Dollars | |||||||
Use of Proceeds | To fully or partially pay down, retire, or redeem certain of the Company’s outstanding indebtedness, which may include the Company’s 6.25% Notes due 2023, 5.95% Notes due 2026 and/or borrowings under the Company’s secured revolving credit facility with BNP Paribas. | |||||||
Business Day | Each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in the City of New York or another place of payment are authorized or obligated by law or executive order to close. | |||||||
Optional Redemption | The Notes may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after October 31, 2023 upon not less than 30 days nor more than 60 days written notice by mail prior to the date fixed for redemption thereof, at a redemption price of 100% of the outstanding principal amount of the Notes plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period accrued to, but excluding, the date fixed for redemption. | |||||||
Denomination |
The Company will issue the Notes in denominations of $25 and integral multiples of $25 in excess thereof.
|
|||||||
CUSIP |
67103B 704
|
|||||||
ISIN |
US67103B7047
|
|||||||
Joint Lead Book-Running Managers |
Ladenburg Thalmann & Co. Inc.
Goldman Sachs & Co. LLC
|
|||||||
Joint Book-Running Managers |
B. Riley Securities, Inc.
Oppenheimer & Co. Inc.
|
|||||||
Trustee, Paying Agent, and Security Registrar | U.S. Bank National Association |
1 Year OFS Capital Chart |
1 Month OFS Capital Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions