OFS Capital (OFS) extends $80M BNP revolving credit reinvestment period

Rhea-AI Filing Summary

OFS Capital Corporation disclosed that its indirect wholly owned subsidiary, OFSCC-FS, LLC, entered into a fourth amendment to its revolving credit and security agreement with a lender group led by BNP Paribas.

The revolving credit facility provides for borrowings in an aggregate principal amount of $80,000,000. The amendment extends the reinvestment period under this credit facility from August 31, 2025 to September 30, 2025, allowing an additional month during which principal collections can be reinvested in new eligible assets under the facility’s terms.

The company states that no other changes were made to the terms of the revolving credit and security agreement, and the full text of the amendment is included as an exhibit to the report.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 25, 2025

OFS Capital Corporation

(Exact name of Registrant as specified in its charter)

Delaware			814-00813			46-1339639
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

 

222 W. Adams Street, Suite 1850 Chicago, Illinois			60606
(Address of principal executive offices)			(Zip Code)

Registrant’s telephone number, including area code: (847) 734-2000

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

OFS

The Nasdaq Global Select Market

4.95% Notes due 2028

OFSSH

The Nasdaq Global Select Market

7.50% Notes due 2028

OFSSO

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01.    Entry into a Material Definitive Agreement.

Amendment to Revolving Credit Facility

On August 25, 2025, OFSCC-FS, LLC (the “Borrower”), an indirect wholly owned subsidiary of OFS Capital Corporation (the “Company”), executed an amendment (the “Amendment”) to its revolving credit and security agreement (the “Revolving Credit and Security Agreement”) with the lenders from time to time party thereto, BNP Paribas, as administrative agent, OFSCC-FS Holdings, LLC, as equityholder, the Company, as servicer, Virtus Group, LP, as collateral administrator, and Citibank, N.A., as collateral agent. The Revolving Credit and Security Agreement provides for borrowings in an aggregate principal amount up to $80,000,000 (the “BNP Credit Facility”).

The Amendment extends the reinvestment period under the BNP Credit Facility from August 31, 2025 to September 30, 2025. No other changes were made to the terms of the Revolving Credit and Security Agreement.

The foregoing description of the Amendment is not complete and is qualified in its entirety by the full text of such amendment, which is filed as an exhibit to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated by reference herein.

Item 9.01.    Financial Statements and Exhibits.

(d)    Exhibit.

Exhibit No.						Description
10.1						Fourth Amendment to the Revolving Credit and Security Agreement by and among OFSCC-FS, LLC, as borrower, the lenders from time to time party thereto, BNP Paribas, as administrative agent, OFSCC-FS Holdings, LLC, as equityholder, OFS Capital Corporation, as servicer, Virtus Group, LP, as collateral administrator, and Citibank, N.A., as collateral agent, dated August 25, 2025

* * * * *

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			OFS CAPITAL CORPORATION
Date: August 26, 2025			By:			/s/ Bilal Rashid
						Chief Executive Officer

FAQ

What agreement did OFS (OFS) amend in this 8-K filing?

OFS Capital Corporation reported that its subsidiary OFSCC-FS, LLC executed a fourth amendment to its Revolving Credit and Security Agreement with lenders led by BNP Paribas.

What is the size of OFS Capital’s BNP revolving credit facility?

The revolving credit and security agreement, referred to as the BNP Credit Facility, provides for borrowings in an aggregate principal amount of $80,000,000.

What specific change was made to the BNP Credit Facility for OFS (OFS)?

The amendment extends the reinvestment period under the BNP Credit Facility from August 31, 2025 to September 30, 2025.

Were any other terms of OFS Capital’s credit agreement changed?

The company states that no other changes were made to the terms of the Revolving Credit and Security Agreement besides extending the reinvestment period.

Which parties are involved in OFS Capital’s amended revolving credit agreement?

Parties include OFSCC-FS, LLC as borrower, lenders from time to time party thereto, BNP Paribas as administrative agent, OFSCC-FS Holdings, LLC as equityholder, OFS Capital Corporation as servicer, Virtus Group, LP as collateral administrator, and Citibank, N.A. as collateral agent.

Where can investors find the full text of OFS Capital’s credit facility amendment?

The full text of the fourth amendment is filed as Exhibit 10.1 to this report and is incorporated by reference.