[N-23C-2] OFS Capital Corporation SEC Filing

Rhea-AI Filing Summary

OFS Capital Corporation (NASDAQ: OFS) has filed a Notification of Redemption (Form N-23C-2) with the U.S. Securities and Exchange Commission.

The filing states that the company will redeem a portion of its 4.75% Notes due 2026 (CUSIP 67103B AA8). A total of $25 million in aggregate principal amount will be called on August 11, 2025. The redemption is being carried out under Section 1101 of the base indenture dated April 16, 2018 and Section 1.01(h) of the Fifth Supplemental Indenture dated February 10, 2021.

The notice was signed by Chief Executive Officer Bilal Rashid on July 11, 2025.

Positive

• $25 million of 4.75% Notes due 2026 will be redeemed, directly reducing the company;s outstanding debt obligations.

Negative

• None.

Insights

Fixed Income Analyst

TL;DR: Partial $25 million redemption of 4.75% 2026 notes scheduled for Aug 11 2025; modest balance-sheet adjustment, largely neutral for investors.

The filing confirms OFS Capital’s intention to retire $25 million of its 4.75% Notes due 2026 nearly one year before maturity. The transaction follows the procedures outlined in the base and supplemental indentures, signalling straightforward execution without noted contingencies. While the principal reduction is relatively small, it does lower outstanding senior unsecured debt and may slightly change the company’s leverage profile. No information on funding sources, make-whole premiums, or broader capital-allocation strategy is provided, so the overall market impact appears neutral.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO RULE 23C-2

UNDER THE INVESTMENT COMPANY ACT OF 1940

File No. 814-00813

OFS CAPITAL CORPORATION

(Name of Registrant)

222 W. Adams Street, Suite 1850

Chicago, Illinois 60606
(Address of Principal Executive Office)

The undersigned here notifies the Securities and Exchange Commission (the “Commission”) that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended.

(1)Title of the class of securities of OFS Capital Corporation (the “Company”) to be redeemed:

4.75% Notes due 2026 (CUSIP: 67103B AA8) (the “Notes”).

(2)Date on which the securities are to be redeemed:

The Notes will be redeemed on August 11, 2025 (the “Redemption Date”).

(3)Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:

The Notes are to be redeemed pursuant to (i) Section 1101 of the Company’s base indenture governing the Notes, dated as of April 16, 2018 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association (formerly known as U.S. Bank National Association) (“U.S. Bank”), as trustee, and (ii) Section 1.01(h) of the Fifth Supplemental Indenture, dated as of February 10, 2021, between the Company and U.S. Bank, as trustee (the “Fifth Supplemental Indenture”).

(4)The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:

The Company will redeem a portion of the outstanding Notes ($25,000,000 aggregate principal amount) pursuant to the terms of the Base Indenture and the Fifth Supplemental Indenture.

SIGNATURE

Pursuant to the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended, the Company has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 11th day of July, 2025.

			OFS CAPITAL CORPORATION
			By:			/s/ Bilal Rashid
						Name:			Bilal Rashid
						Title:			Chief Executive Officer

FAQ

When will OFS Capital (OFS) redeem the notes?

The redemption date is August 11, 2025.

Which securities are being redeemed by OFS Capital?

A portion of the 4.75% Notes due 2026, CUSIP 67103B AA8.

How much principal is OFS Capital redeeming?

The company will retire $25 million in aggregate principal amount.

Under which indenture provisions is the redemption authorized?

Section 1101 of the base indenture (April 16, 2018) and Section 1.01(h) of the Fifth Supplemental Indenture (February 10, 2021).

Who signed the Notice of Intention to Redeem Securities for OFS Capital?

It was signed by Bilal Rashid, Chief Executive Officer, on July 11, 2025.