Welcome to our dedicated page for Ofs Capital news (Ticker: OFS), a resource for investors and traders seeking the latest updates and insights on Ofs Capital stock.
OFS Capital Corporation reports recurring developments as an externally managed, closed-end, non-diversified investment company that has elected business development company regulation. The company seeks current income and capital appreciation primarily through debt investments, and to a lesser extent equity investments, in privately held U.S. middle-market and lower-middle-market companies.
News about OFS commonly covers quarterly financial results, net asset value, net investment income, distributions to common stockholders, portfolio yields, non-accrual and restructured loans, regulatory asset coverage, and liquidity arrangements. Its investment activity centers on senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, warrants, and other equity securities.
OFS Capital Corporation (NASDAQ: OFS) reported its financial results for Q3 2021, highlighting a net investment income of $3.2 million, or $0.24 per share. Adjusted net investment income was $3.3 million, or $0.25 per share. The net asset value per share rose 5.5% to $14.16. The portfolio recorded net gains of $10.2 million, and the quarterly distribution was increased by 4%. Notably, 95% of the loan portfolio consists of senior secured loans. The company also announced a public offering of $55 million in unsecured notes due 2028.
OFS Capital Corporation (NASDAQ: OFS) will release its third quarter 2021 earnings results on November 5, 2021, before the stock market opens. A conference call, hosted by Bilal Rashid and Jeffrey Cerny, will follow at 10:00 a.m. ET to discuss the financial results and business updates. Investors can access the call via phone or online at www.ofscapital.com. A replay will be available until November 15, 2021.
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.