Ofs Capital Stock Price, News & Analysis

OFS Capital Corporation (OFS) has priced a public offering of $50 million in 4.95% notes due 2028, expected to net approximately $48.14 million after underwriting discounts. The notes mature on October 31, 2028, and can be redeemed after October 31, 2023. Proceeds will be used to pay down existing debts, including 6.25% Notes due 2023 and revolving credit borrowings. The offering will close on October 28, 2021, with plans for the notes to trade on Nasdaq under the ticker OFSSH.

OFS Capital Corporation has initiated an underwritten offering of unsecured notes (the “Notes”), pending market conditions. The intended listing is on Nasdaq under symbol “OFSSH”. Proceeds will be used to retire existing debts, including $25 million of 6.25% Notes due 2023 and $54.3 million of 5.95% Notes due 2026. The offering also addresses $78.1 million outstanding under the BNP facility, due June 2024. Joint managers include Ladenburg Thalmann and Goldman Sachs. Investors are urged to review the preliminary prospectus dated October 21, 2021, for risks and objectives.

OFS Capital Corporation (NASDAQ: OFS) provided preliminary financial estimates for Q3 2021, reporting a net asset value per share of $14.11-$14.21, up from $13.42 in Q2 2021. Net investment income is estimated at $0.23-$0.25 per share, compared to $0.24 in the prior quarter. Adjusted net investment income stands at $0.24-$0.26 per share. Additionally, SBA debentures were reduced by $25.6 million, and total debt decreased to $320.1 million from $323.9 million. Cash and unused credit facilities totaled $7.0 million.

OFS Capital Corporation (NASDAQ: OFS) reported strong financial results for Q2 2021, with net investment income increasing by 26% to $3.2 million ($0.24 per share) from $2.5 million ($0.19 per share) in Q1 2021. The net asset value per share rose to $13.42, up from $11.96. The portfolio saw net gains of $19.2 million, and no loans were placed on non-accrual status. The company declared a distribution of $0.24 per share for Q3 2021, payable September 30, 2021. Overall, the company expects continued growth in investment income and opportunities for further originations.

OFS Capital Corporation (NASDAQ: OFS) announced that it will release its second quarter 2021 earnings results on August 6, 2021, before market opening. A conference call will follow at 10:00 a.m. ET, led by CEO Bilal Rashid and CFO Jeffrey Cerny, to discuss financial results and business developments. Interested parties can access the call via the company’s website or by phone, with a replay available for 90 days post-event. OFS Capital focuses on providing current income and capital appreciation through debt and equity investments, primarily in U.S. middle-market companies.

OFS Capital Corporation (OFS) reported financial results for Q1 2021, highlighting a net investment income of $2.6 million, or $0.19 per share. Adjusted net investment income was $3.1 million, translating to $0.23 per share. The net asset value per share rose to $11.96 from $11.85 in Q4 2020. Portfolio net gains totaled $3.9 million, with 96% of loans being senior secured. OFS declared a distribution of $0.22 per share for Q2 2021, marking its third consecutive quarterly increase.

OFS Capital Corporation (NASDAQ: OFS) will announce its first quarter earnings results for 2021 on May 11, 2021, before the stock market opens. A conference call hosted by CEO Bilal Rashid and CFO Jeffrey Cerny is scheduled for 10:00 a.m. Eastern Time to discuss these results. Investors can access the call via the official website or by phone. OFS Capital primarily invests in middle-market companies in the U.S., with a focus on providing both current income and capital appreciation through various debt and equity investments.

OFS Capital Corporation (Nasdaq: OFS) has successfully priced a public offering of $25 million in additional 4.75% notes due 2026, generating approximately $24.7 million in net proceeds after expenses. The notes will be offered at 101.038% of their value, resulting in a yield of about 4.50%. The proceeds will be utilized for investments in debt and equity securities and will help repay $35.7 million currently owed under the BNP Paribas revolving credit facility. The offering is expected to close on March 18, 2021.

OFS Capital Corporation (OFS) reported its financial results for the fiscal year ended December 31, 2020, revealing a net investment income of $12.3 million or $0.92 per share, marking a distribution coverage of 107%. The fourth quarter net investment income was $3.0 million, with closed investments totaling approximately $48.7 million. The net asset value per share increased to $11.85 from $11.18. OFS declared a first-quarter 2021 distribution of $0.20 per share, reflecting confidence in future income growth.