OFS Credit (OCCI) outlines $200M ATM sales, NAV estimate and preferred redemptions

Rhea-AI Filing Summary

OFS Credit Company, Inc. is continuing an “at the market offering” of common stock under an equity distribution agreement with an aggregate offering price of up to $200.0 million, which includes all shares previously sold. From January 24, 2020 to August 13, 2026, it sold 18,663,757 shares at a weighted average price of $8.30 per share, generating approximately $153.1 million in net proceeds after commissions and fees.

Management’s unaudited estimate of net asset value per share as of July 31, 2026 is between $3.27 and $3.37. The board declared a monthly cash distribution of $0.05 per common share for August 2026 and set monthly cash distributions for the 5.25% Series E, 7.875% Series F, and 8.00% Series G Term Preferred Stock through January 2027. The company also plans a partial redemption on August 31, 2026 of $5.0 million of 5.25% Series E Term Preferred Stock, covering 200,000 shares at $25 per share, with August dividends paid separately from the redemption price.

Filing Explained

The adviser may support ATM pricing at or above current NAV, while the July 31, 2026 NAV remains preliminary pending Form N-PORT.

This supplement adds a conditional feature to OFS Credit’s ongoing at-the-market offering: its investment adviser may pay some or all commissions or make supplemental payments so the sales price is not below current NAV, with no reimbursement by the company.

The July 31, 2026 NAV range remains preliminary: management describes it as unaudited and non-comprehensive, and says the final determination may differ after the company’s usual closing procedures.

Key Figures

ATM aggregate offering size: $200.0 million Shares sold under ATM: 18,663,757 shares Net proceeds from ATM sales: $153.1 million +5 more

8 metrics

ATM aggregate offering size $200.0 million Aggregate offering price of the at-the-market common stock offering including previously sold shares

Shares sold under ATM 18,663,757 shares Total common shares sold from January 24, 2020 to August 13, 2026 under the Equity Distribution Agreement

Net proceeds from ATM sales $153.1 million Net proceeds after commissions and fees from ATM common stock sales through August 13, 2026

Estimated NAV per share $3.27–$3.37 Management’s unaudited estimate of NAV per share as of July 31, 2026

Common stock August 2026 dividend $0.05 per share Monthly cash distribution for common stock with record date August 14, 2026 and payment date August 31, 2026

Series E monthly dividend $0.109375 per share Monthly cash distribution rate for 5.25% Series E Term Preferred Stock from August through December 2026

Series F monthly dividend $0.1640625 per share Monthly cash distribution rate for 7.875% Series F Term Preferred Stock through January 2027

Series E partial redemption $5.0 million (200,000 shares at $25) Partial redemption of 5.25% Series E Term Preferred Stock effective August 31, 2026

Key Terms

at the market offering, net asset value, Term Preferred Stock, partial redemption, +1 more

5 terms

at the market offering financial

"sale of shares of common stock of OFS Credit Company, Inc. in an “at the market offering”"

An at-the-market offering is a way a company raises cash by selling newly issued shares directly into the open market at prevailing prices, rather than all at once in a single deal. Think of it like turning a faucet on to drip shares into trading at current prices when needed; it gives the company flexibility to raise funds over time but can dilute existing shareholders and potentially affect the stock price, which investors should monitor.

net asset value financial

"management’s unaudited estimate of the range of our net asset value (“NAV”) per share"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

Term Preferred Stock financial

"5.25% Series E Term Preferred Stock, 7.875% Series F Term Preferred Stock and 8.00% Series G Term Preferred Stock"

Preferred stock is a type of company share that sits between bonds and common shares: it usually pays a fixed dividend like interest and has priority over common stock if the company distributes cash or liquidates, but it typically carries limited or no voting rights. For investors, preferred stock can offer steadier income and greater protection in downside scenarios—similar to a reserved seat in line for payments—while often trading with less price upside than common shares.

partial redemption financial

"exercise of our option to partially redeem on August 31, 2026 $5.0 million of issued and outstanding"

aggregate offering price financial

"the aggregate offering price of the At-the-Market offering was increased to up to $200.0 million"

The aggregate offering price is the total dollar amount that will be raised if all the securities in an offering are sold at the stated offering price, before fees or expenses are taken out. Investors use it to gauge the size of the fundraising and its potential effects—such as how much cash the company will get and how much existing ownership might be reduced—similar to totaling every item’s price in a shopping cart to see the full bill.

Offering Details

ATM

Offering

Offering Type ATM

FAQ

How large is OFS Credit (OCCI)'s current at-the-market common stock offering?

OFS Credit’s at-the-market common stock offering has an aggregate offering price of up to $200.0 million, including all shares previously sold under the equity distribution agreement with Lucid Capital Markets LLC and Ladenburg Thalmann & Co. Inc.

What prior sales has OFS Credit (OCCI) made under its at-the-market program?

From January 24, 2020 to August 13, 2026, OFS Credit sold 18,663,757 common shares at a weighted average price of $8.30, generating approximately $153.1 million in net proceeds after deducting commissions and fees.

What is OFS Credit (OCCI)'s estimated NAV per share as of July 31, 2026?

Management’s unaudited estimate of OFS Credit’s net asset value per share as of July 31, 2026 is between $3.27 and $3.37. This preliminary range did not undergo normal quarter-end closing procedures and may change when reported in the Form N-PORT filing.

What common stock dividend did OFS Credit (OCCI) declare for August 2026?

The board declared a monthly cash distribution of $0.05 per share on OFS Credit’s common stock for August 2026, payable August 31, 2026 to stockholders of record at the close of business on August 14, 2026.

What preferred stock distributions has OFS Credit (OCCI) scheduled through early 2027?

OFS Credit scheduled monthly cash distributions through January 2027 for its 5.25% Series E ($0.109375 per share), 7.875% Series F ($0.1640625), and 8.00% Series G ($0.16666667) Term Preferred Stock, with specific record and payment dates outlined for each month.

How is OFS Credit (OCCI) redeeming part of its 5.25% Series E Term Preferred Stock?

On August 31, 2026, OFS Credit will partially redeem $5.0 million of its 5.25% Series E Term Preferred Stock, covering 200,000 shares at $25 per share. August 2026 dividends will be paid separately and not included in the redemption price.

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Available on EDGAR 08/14/2026 - 05:08 PM Accepted by SEC EDGAR 08/14/2026 - 05:00 PM Learn about SEC filing dates

Filed pursuant to Rule 424(b)(3)

File No. 333-277773

PROSPECTUS SUPPLEMENT (To Prospectus dated May 29, 2024) August 14, 2026

OFS Credit Company, Inc.

$200,000,000

Common Stock

This prospectus supplement supplements the prospectus dated May 29, 2024, as amended and supplemented to date (the “Prospectus”), which relate to the sale of shares of common stock of OFS Credit Company, Inc. in an “at the market offering” pursuant to an equity distribution agreement, dated January 24, 2020, as amended by Amendment No. 1 thereto, dated March 16, 2021, Amendment No. 2 thereto, dated April 22, 2021, Amendment No. 3 thereto, dated June 8, 2021, Amendment No. 4 thereto, dated December 7, 2021, Amendment No. 5 thereto, dated August 15, 2023, Amendment No. 6 thereto, dated June 12, 2024 and Amendment No. 7 thereto, dated March 14, 2025, with Lucid Capital Markets LLC and Ladenburg Thalmann & Co. Inc. (the “Equity Distribution Agreement”). The disclosure in this prospectus supplement supersedes disclosure elsewhere in the Prospectus to the extent such disclosure is inconsistent with the disclosure herein.

You should carefully read the entire Prospectus before investing in our common stock. You should also review the information set forth under the “Risk Factors” section beginning on page 22 of the Base Prospectus.

The terms “OFS Credit,” the “Company,” “we,” “us” and “our” generally refer to OFS Credit Company, Inc.

PRIOR SALES PURSUANT TO THE “AT THE MARKET” OFFERING

From January 24, 2020 to August 13, 2026, we sold a total of 18,663,757 shares of common stock at a weighted average price of $8.30 per share under the Equity Distribution Agreement (the “At-the-Market Offering”). The net proceeds as a result of these sales of common stock were approximately $153.1 million after deducting commissions and fees.

Pursuant to Amendment No. 2 to the Equity Distribution Agreement, the aggregate offering price of the At-the-Market Offering was increased to up to $50.0 million. Pursuant to Amendment No. 4 to the Equity Distribution Agreement, the aggregate offering price of the At-the-Market offering was increased to up to $70.0 million. Pursuant to Amendment No. 5 to the Equity Distribution Agreement, the aggregate offering price of the At-the-Market offering was increased to up to $130.0 million. Pursuant to Amendment No. 6 to the Equity Distribution Agreement, the aggregate offering price of the At-the-Market offering was increased to up to $150.0 million. Pursuant to Amendment No. 7 to the Equity Distribution Agreement, the aggregate offering price of the At-the-Market offering was increased to up to $200.0 million (which amount includes all of the shares previously sold pursuant to the Equity Distribution Agreement to date). OFS Capital Management, LLC, our investment adviser, may, from time to time and in its sole discretion, pay some or all of the commissions payable under the Equity Distribution Agreement or make additional supplemental payments to ensure that the sales price per share of our common stock in connection with the At-the-Market Offering made hereunder will not be less than our current net asset value per share. Any such payments made by the investment adviser will not be subject to reimbursement by us.

RECENT DEVELOPMENTS

July 2026 Financial Update

On August 14, 2026, we announced that management’s unaudited estimate of the range of our net asset value (“NAV”) per share of our common stock as of July 31, 2026 is between $3.27 and $3.37. This estimate is not a comprehensive statement of our financial condition or results for the month ended July 31, 2026. This estimate did not undergo the Company’s typical quarter-end financial closing procedures. We advise you that the final determination of our NAV per share as of July 31, 2026, which will be reported in our monthly report on Form N-PORT, may differ from this estimate.

Our financial condition, including the fair value of our portfolio investments, and results of operations may be materially impacted after July 31, 2026 by circumstances and events that are not yet known. To the extent our portfolio investments are adversely impacted by interest rate and inflation rate changes, the ongoing war between Russia and Ukraine, the escalated armed conflict and heightened regional tensions in the Middle East, activity in South America, the agenda of the U.S. Presidential administration, including the impact of tariff enactment and tax reductions, trade disputes with other countries, instability in the U.S. and international banking systems, the risk of recession or the impact of the prolonged shutdown of U.S. government services and related market volatility, or by other factors, we may experience a material adverse impact on our future NAV, net investment income, the underlying value of our investments, our financial condition and the financial condition of our portfolio investments.

The preliminary financial data included in this July 2026 Financial Update has been prepared by, and is the responsibility of, OFS Credit’s management. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto.

Declaration of Common and Preferred Stock Distributions

On July 16, 2026, our board of directors (the “Board”) declared a monthly cash distribution for common stockholders for the month of August 2026. Our Board also declared monthly cash distributions for our 5.25% Series E Term Preferred Stock, 7.875% Series F Term Preferred Stock and 8.00% Series G Term Preferred Stock through January 31, 2027. Given that the shares of 5.25% Series E Term Preferred Stock are mandatorily redeemable on December 31, 2026, the dividends for this series of Preferred Stock have been declared up to, but not including, its date of redemption.

Common Stock Distribution

The following schedule applies to the common stock (Nasdaq: OCCI) distribution for common stockholders of record on the close of business of the record date:

Month		Record Date		Payment Date		Cash Distribution Per Share
August 2026		August 14, 2026		August 31, 2026		$0.05

Preferred Stock Distributions

The following schedules apply to the 5.25% Series E Term Preferred Stock (Nasdaq: OCCIN), 7.875% Series F Term Preferred Stock (Nasdaq: OCCIM) and 8.00% Series G Term Preferred Stock distributions for preferred stockholders of record on the close of business of each specific record date:

Preferred Stock Series		Month		Record Date		Payment Date		Cash Distribution Per Share
5.25% Series E Term Preferred Stock		August 2026		August 14, 2026		August 31, 2026		$0.109375
		September 2026		September 15, 2026		September 30, 2026		$0.109375
		October 2026		October 15, 2026		October 30, 2026		$0.109375
		November 2026		November 16, 2026		November 30, 2026		$0.109375
		December 2026		December 15, 2026		December 31, 2026		$0.109375
7.875% Series F Term Preferred Stock		August 2026		August 14, 2026		August 31, 2026		$0.1640625
		September 2026		September 15, 2026		September 30, 2026		$0.1640625
		October 2026		October 15, 2026		October 30, 2026		$0.1640625
		November 2026		November 16, 2026		November 30, 2026		$0.1640625
		December 2026		December 15, 2026		December 31, 2026		$0.1640625
		January 2027		January 15, 2027		January 29, 2027		$0.1640625
8.00% Series G Term Preferred Stock		August 2026		August 14, 2026		August 31, 2026		$0.16666667
		September 2026		September 15, 2026		September 30, 2026		$0.16666667
		October 2026		October 15, 2026		October 30, 2026		$0.16666667
		November 2026		November 16, 2026		November 30, 2026		$0.16666667
		December 2026		December 15, 2026		December 31, 2026		$0.16666667
		January 2027		January 15, 2027		January 29, 2027		$0.16666667

Partial Redemption of Preferred Stock

On July 31, 2026, we caused notices to be issued to the holders of the 5.25% Series E Term Preferred Stock regarding the exercise of our option to partially redeem on August 31, 2026 $5.0 million of issued and outstanding 5.25% Series E Term Preferred Stock. The 200,000 shares of 5.25% Series E Term Preferred Stock will be redeemed at 100% of their principal amount ($25 per share). In accordance with the provisions of the Certificate of Designation of the 5.25% Series E Term Preferred Stock, dividends declared on the 5.25% Series E Term Preferred Shares for the month of August 2026 shall be paid on the dividend payment date to each holder of record of the 5.25% Series E Term Preferred Stock at the close of business on the record date, and shall not be payable as part of the redemption price.