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OFS - OFS Capital Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, Sep 26, 2019.

  1. Marvan

    Marvan Active Member

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    OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions.

    It does not invest in operational turnarounds or start-up businesses.

    For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.

    It invests in the aerospace and defense, business services, consumer products and services, food and beverage, health care services, specialty chemicals, transportation and logistics, value added distribution, franchising, and industrial and niche manufacturing sectors.

    The firm invests in companies based in United States. It seeks to invest between $5 million and $20 million, revenues between $10 million and $200 million, Annual EBITDA more than $3 million, and Enterprise value between $10 million and $500 million.

    The firm seeks to invest in companies with debt investment values between $5 million and $25 million.

    The fund uses senior secured, unitranche loans, first-lien, second-lien, subordinated/ mezzanine loans, warrants, and preferred equity securities and common equity securities.

    It prefers to take a minority stake in the investments made.

    It also co-invests with its partners for additional capital.
     
  2. Marvan

    Marvan Active Member

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  3. Marvan

    Marvan Active Member

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    OFS Capital Corporation (the “Company”) (OFS) announced today that it has commenced an underwritten offering of unsecured notes (the “Notes”), subject to market and other conditions.

    The Company has submitted an application for the Notes to be listed and trade on The Nasdaq Global Select Market under the trading symbol “OFSSI”. If approved for listing, the Company expects the Notes to begin trading within 30 days from the original issue date.

    The interest rate and other terms of the Notes will be determined at the time of pricing of the offering.

    The Notes are expected to have a private credit rating of BBB+ from Egan-Jones Ratings Company.

    The Company intends to use the net proceeds of the offering to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes.

    The Company also intends to use a portion of the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility.

    As of October 7, 2019, the Company had $45.8 million of indebtedness outstanding under the credit facility.

    https://finance.yahoo.com/news/ofs-capital-corporation-commences-offering-130000035.html
     

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