OFS Credit Company (OCCI) updates $200M at-the-market share offering

Rhea-AI Filing Summary

OFS Credit Company, Inc. is offering up to $200.0 million of common stock through an at-the-market program under an equity distribution agreement with Lucid Capital Markets LLC and Ladenburg Thalmann & Co. Inc. From January 24, 2020 to July 14, 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. Its investment adviser may, in its discretion, pay commissions or supplemental amounts so sale prices are not below current net asset value per share, and such payments are not reimbursed.

Management estimates unaudited net asset value per share at June 30, 2026 between $3.28 and $3.38. This preliminary figure has not undergone normal quarter-end closing procedures and has not been audited, reviewed, or otherwise assured by KPMG LLP, and the company notes that macroeconomic and geopolitical developments could materially affect future net asset value, net investment income, and portfolio values.

Key Figures

ATM program size: $200.0 million aggregate offering price Shares sold under ATM: 18,663,757 shares Weighted average sale price: $8.30 per share +2 more

5 metrics

ATM program size $200.0 million aggregate offering price Aggregate offering price of the at-the-market offering after Amendment No. 7

Shares sold under ATM 18,663,757 shares Common stock sold from January 24, 2020 to July 14, 2026 under the Equity Distribution Agreement

Weighted average sale price $8.30 per share Weighted average price of common stock sold in the at-the-market offering

Net proceeds from ATM sales $153.1 million Approximate net proceeds after commissions and fees from at-the-market sales through July 14, 2026

Estimated NAV per share between $3.28 and $3.38 Management’s unaudited estimate of net asset value per share as of June 30, 2026

Key Terms

at the market offering, Equity Distribution Agreement, net asset value, Form N-PORT, +1 more

5 terms

at the market offering regulatory

"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.

Equity Distribution Agreement regulatory

"under the Equity Distribution Agreement (the “At-the-Market Offering”)."

An equity distribution agreement is a formal plan between a company and financial institutions to sell newly issued shares of the company's stock to investors over a period of time. It helps the company raise money gradually, similar to filling a container with water in stages, rather than all at once. For investors, it provides an organized way to buy shares and can influence the stock's supply and price.

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.

Form N-PORT regulatory

"period ending July 31, 2026, which will be reported in our monthly report on Form N-PORT."

Form N-PORT is a standardized regulatory filing that investment funds use to report detailed, month-by-month information about what they own and certain risk and liquidity measures to securities regulators. For investors, it acts like an itemized monthly bank statement for a fund, offering transparency about holdings and exposures so people can judge a fund’s strategy, concentration and potential risks over time.

unaudited estimate financial

"management’s unaudited estimate of the range of our net asset value"

Offering Details

ATM

Offering

Offering Type ATM

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Available on EDGAR 07/15/2026 - 05:01 PM Accepted by SEC EDGAR 07/15/2026 - 05:00 PM Learn about SEC filing dates

FAQ

What is the size of OFS Credit (OCCI)'s at-the-market stock offering?

OFS Credit is offering up to $200.0 million of common stock through an at-the-market equity distribution program. This aggregate offering limit includes all shares previously sold under the Equity Distribution Agreement since its launch in January 2020.

How much has OFS Credit (OCCI) raised so far under its at-the-market program?

From January 24, 2020 to July 14, 2026, OFS Credit sold 18,663,757 shares at a weighted average price of $8.30, generating approximately $153.1 million in net proceeds after commissions and fees, under its at-the-market Equity Distribution Agreement.

What is OFS Credit (OCCI)'s estimated NAV per share as of June 30, 2026?

Management’s unaudited estimate of OFS Credit’s net asset value is between $3.28 and $3.38 per share as of June 30, 2026. This preliminary range did not undergo typical quarter-end closing procedures and may differ from future NAV determinations.

How can OFS Credit (OCCI)'s investment adviser affect at-the-market share pricing?

OFS Capital Management, LLC may, in its sole discretion, pay some or all commissions or make supplemental payments so at-the-market sales prices are not below current net asset value per share. Any such payments are made by the adviser and are not reimbursed by the company.

What risks to NAV and income does OFS Credit (OCCI) highlight in this update?

The company notes that interest and inflation changes, geopolitical conflicts, trade disputes, banking system instability, recession risk, and U.S. government shutdowns could materially impact future net asset value, net investment income, portfolio values, and the financial condition of its portfolio investments.

Has KPMG reviewed or audited OFS Credit (OCCI)'s June 30, 2026 NAV estimate?

No. The June 30, 2026 NAV range is a management-prepared, preliminary estimate. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures to this data and provides no opinion or other form of assurance on the estimate.

Filed pursuant to Rule 424(b)(3)

File No. 333-277773

PROSPECTUS SUPPLEMENT (To Prospectus dated May 29, 2024) July 15, 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 July 14, 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

June 2026 Financial Update

On July 15, 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 June 30, 2026 is between $3.28 and $3.38. This estimate is not a comprehensive statement of our financial condition or results for the month ended June 30, 2026. This estimate did not undergo the Company’s typical quarter-end financial closing procedures. We advise you that current estimates of our NAV per share may differ materially from future NAV estimates or determinations, including the determination for the period ending July 31, 2026, which will be reported in our monthly report on Form N-PORT.

Our financial condition, including the fair value of our portfolio investments, and results of operations may be materially impacted after June 30, 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 June 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.