OFS Capital Corporation filings document the regulatory disclosures of a business development company investing mainly in debt securities of privately held U.S. middle-market companies. Its 8-K reports furnish quarterly financial results, common-stock distributions, portfolio performance measures, net asset value, non-accrual loan activity, and liquidity developments.
The filing record also covers material financing arrangements, including revolving credit facilities, amendments to secured borrowing agreements, and note redemption activity. Proxy materials disclose annual meeting matters, shareholder voting procedures, board and governance topics, and capital-structure information for the externally managed investment company.
OFS Capital Corporation reported total investment income of $5.938 million for the three months ended September 30, 2026, compared with $10.551 million in the same 2025 period. Net investment income was $0.719 million versus $2.940 million. The net decrease in net assets resulting from operations was $11.505 million, compared with $5.327 million; loss per share was $0.86 versus $0.40. For the nine months, total investment income was $21.679 million versus $31.322 million, and net investment income was $4.191 million versus $9.688 million.
At September 30, 2026, investments had a fair value of $252.147 million, total net assets were $98.829 million, and NAV was $7.38 per share. At December 31, 2025, those figures were $342.015 million, $123.188 million, and $9.19 per share, respectively. For the nine months ended September 30, operating activities provided $71.972 million, compared with $24.260 million in 2025. Quarter-end cash and cash equivalents were $3.132 million; revolving lines of credit were $25.400 million and unsecured notes, net of debt issuance costs, were $127.248 million.
OFS Capital Corporation reported third-quarter 2026 net investment income of $0.05 per common share, down from $0.08 in the quarter ended June 30, 2026, and a net loss on investments of $11.914 million. Net asset value per common share declined from $8.41 as of June 30, 2026 to $7.38 as of September 30, 2026; OFS Capital attributed the decline primarily to a $0.89-per-share investment loss and the $0.17 distribution exceeding quarterly net investment income. Non-accrual loans had a fair value of $23.4 million, or 9.3% of total investments at fair value.
As of September 30, 2026, investments totaled $252.1 million at fair value and outstanding debt was $154.4 million, down from $185.8 million as of June 30, 2026. On October 5, 2026, a third-party investor acquired 56.62% of SBIC I LP’s limited partnership interests for $52.3 million paid to the partnership; SBIC I LP distributed the full amount to OFS Capital and is no longer wholly owned by the company. OFS Capital declared a fourth-quarter distribution of $0.17 per common share, payable January 7, 2027, to stockholders of record December 18, 2026.
OFS Capital Corp (symbol: OFS) is the issuer of record for a Form 8-K filing submitted to the SEC.
OFS Capital Corporation (OFS) announced that it will partially redeem its 7.50% Notes due 2028. The company has elected to redeem $20,000,000 in aggregate principal amount of these notes on September 29, 2026, at a redemption price equal to 100% of the principal amount being redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date.
The notice states that there are $69,000,000 issued and outstanding 7.50% Notes due 2028, of which the $20,000,000 portion will be redeemed. Interest on the redeemed portion will cease to accrue on and after the Redemption Date, and holders’ remaining right in those notes will be to receive the redemption payment upon proper surrender.
OFS Capital Corporation reported that a special meeting of stockholders, originally called on April 2, 2026 and first convened on June 10, 2026, was unable to conduct business due to lack of quorum despite adjournments on June 10, July 1, and July 22, 2026. The meeting had been called to consider authorizing the company, with Board approval, to sell or issue common stock during the next 12 months at prices below its then-current net asset value per share, subject to limitations described in its proxy statement. On August 11, 2026, the Board approved adjourning the 2026 Special Meeting of Stockholders, including the planned August 12, 2026 reconvening, without setting any further date, time, or place. No vote was taken, no business was conducted on the proposal, and the company ceased further solicitation of proxies for this matter.
OFS Capital Corporation, a Delaware business development company, invests in first-lien and other senior loans, additional debt and equity of portfolio companies, and in structured finance securities, including collateralized loan obligation (CLO) investments.
The portfolio schedule lists numerous positions across industries such as healthcare, software, business services, retail and communications. Many loans bear floating interest based on SOFR plus contractual spreads and in some cases pay a mix of cash and payment-in-kind (PIK) interest. Structured finance holdings include interests in multiple CLO vehicles with stated interest rates and long-dated maturities.
OFS Capital also outlines key funding sources: the Natixis Facility, a secured revolving credit facility with capacity up to $80,000,000, and the Banc of California senior secured revolving credit facility with capacity up to $15,000,000, along with several series of unsecured notes maturing in 2028 and 2029. A prior secured $80,000,000 BNP Paribas facility was fully repaid and terminated on February 18, 2026. Common shares outstanding were 13,398,078 as of July 27, 2026. Forward-looking statements emphasize dependence on OFS Advisor, maintaining BDC and RIC status, use of leverage and broad macroeconomic and geopolitical risks.
OFS Capital Corporation reported second-quarter 2026 results for its business development company. Net investment income was $1.0 million, or $0.08 per common share, down from $0.18 in the prior quarter, as total investment income declined to $6.8 million from $8.9 million, mainly on lower interest and non-recurring dividend income.
Net gain on investments was $4.6 million, driven largely by unrealized appreciation of $14.1 million on a common equity holding, partially offset by losses on CLO equity. Earnings per share were $0.42. Net asset value per share rose to $8.41 from $8.16, as investment gains more than offset the $0.17 quarterly distribution and lower net investment income.
Total investments at fair value were $297.8 million and total outstanding debt principal was $185.8 million as of June 30, 2026. Non-accrual loans had a fair value of $21.4 million, or 7.2% of investments. The regulatory asset coverage ratio was 161%, above the 150% minimum. The board declared a third-quarter 2026 distribution of $0.17 per share, payable October 5, 2026.
OFS Capital Corporation reported the results of its 2026 Annual Meeting of Stockholders. Stockholders representing 8,728,411 of 13,398,078 common shares entitled to vote were present in person or by proxy. Two Class II directors, Romita Shetty and Bilal Rashid, were elected to terms ending at the 2029 annual meeting.
Stockholders also ratified the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The filing also notes the continuing terms of the Company’s Class I and Class III directors, whose service extends to 2028 and 2027, respectively.
OFS Capital Corporation provides a detailed look at its investment portfolio, focusing on non-control, non-affiliate and affiliate positions across many borrowers and sectors. The portfolio is built mainly around first lien term loans and revolvers, with additional second lien debt, preferred equity, common equity and structured finance securities such as CLO subordinated notes.
Many loans reference SOFR with sizeable credit spreads, often in the SOFR + 4.75% to SOFR + 8.50% range, and several positions combine cash interest with payment-in-kind (PIK) components. Stated interest rates span mid‑single digits for senior loans up to the mid‑20% range for certain CLO and mezzanine tranches. Maturities extend largely from 2026 through the late 2030s, reflecting a long-dated, diversified credit book tied to industries including software, healthcare services, business support, real estate services, and specialty manufacturing.
OFS Capital Corporation reported first-quarter 2026 results showing lower earnings and continued credit losses. Net investment income was $2.5 million, or $0.18 per share, down from $0.20 in the prior quarter, while net loss on investments reached $13.9 million, driving a net decrease in net assets of $11.6 million.
Net asset value per share fell from $9.19 as of December 31, 2025 to $8.16 as of March 31, 2026. Total investments at fair value declined to $308.1 million and total net assets to $109.3 million. The loan portfolio had non-accrual loans with $10.9 million fair value, or 3.5% of total investments.
The investment portfolio’s weighted-average performing income yield decreased from 13.5% to 12.5%, mainly due to lower earned yields on structured finance securities. The board declared a second-quarter 2026 distribution of $0.17 per common share, payable July 6, 2026 to stockholders of record on June 19, 2026. OFS also refinanced its credit facilities, adding an $80.0 million Natixis revolving facility and redeeming remaining 4.75% notes due February 2026.