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 (Nasdaq: OFS) is a business development company that regularly reports detailed financial and portfolio information, making its news flow particularly relevant for investors who follow middle-market credit. The company’s releases cover its efforts to provide current income and capital appreciation through debt and, to a lesser extent, equity investments in privately held U.S. middle-market and lower-middle-market companies.
On this page, readers can review OFS Capital’s quarterly and annual financial results, including net investment income per share, net realized and unrealized gains or losses on investments, and changes in net asset value per share. The company’s earnings releases also discuss portfolio yields, non-accrual activity, investment purchases and originations across debt, equity and structured finance securities.
OFS Capital’s news also frequently addresses capital markets and balance sheet actions. Recent announcements have described the pricing and issuance of 7.50% notes due 2028, the sale of an 8.00% unsecured note due 2029 in a private placement, and the partial redemption of 4.75% unsecured notes due 2026. Other items include amendments to the BNP Credit Facility at its subsidiary OFSCC-FS, LLC, such as changes to the reinvestment period and the maximum facility amount.
In addition, OFS Capital issues press releases about quarterly distributions on its common stock and schedules for earnings release dates and investor conference calls. Investors and analysts can use this news feed to track how OFS Capital manages its investment portfolio, leverage and distribution policy over time. Bookmark this page to access a chronological record of OFS Capital’s earnings announcements, capital structure updates, credit facility amendments and other material events disclosed through Business Wire and SEC-related communications.
OFS Capital Corporation (Nasdaq: OFS) has priced a public offering of $100 million in 4.75% notes due 2026, aiming to raise approximately $96.6 million after expenses. The notes will mature on February 10, 2026, and are redeemable at the company’s discretion. Proceeds will be utilized to pay down existing debts, including its 6.50% and 6.375% notes and borrowings under its BNP facility. The offering is expected to close on February 10, 2021.
OFS Capital Corporation (Nasdaq: OFS) reported preliminary estimates for the quarter ended December 31, 2020. The estimated net asset value per share increased to between $11.75 and $11.85, up from $11.18 in Q3 2020. The estimated net investment income rose to between $0.21 and $0.23 per share, compared to $0.20 in the previous quarter. Additionally, there were $37.7 million in cash and unused credit capacity. Notably, no new loans were placed on non-accrual status, and $23.5 million in SBA debentures were permanently reduced during the quarter.
OFS Capital Corporation (NASDAQ: OFS) reported financial results for Q3 2020, with a net investment income of $2.71 million ($0.20/share). The net asset value (NAV) per share increased to $11.18, up 11% from June 30, 2020. The portfolio saw net gains of $15.3 million, and 91% of its loans are senior secured. No new loans were placed on non-accrual status, and the company maintained an asset coverage ratio of 174%. A distribution of $0.18 per share was declared for Q4 2020, payable on December 31, 2020.
OFS Capital Corporation (NASDAQ: OFS) will release its third quarter 2020 earnings results before the market opens on November 6, 2020. A conference call to discuss the financial outcomes is slated for the same day at 10:00 a.m. Eastern Time, hosted by CEO Bilal Rashid and CFO Jeffrey Cerny. Investors can access the call via the company’s website or by phone. OFS Capital focuses on debt and equity investments in middle-market companies, targeting investments between $3 to $20 million.