OFS Capital (OFS) Commences Offering of Notes

OFS Capital Corporation (the “Company”) (Nasdaq: OFS) announced today that it has commenced an underwritten offering of unsecured notes (the “Notes”), subject to market and other conditions. The Company has submitted an application for the Notes to be listed and trade on The Nasdaq Global Select Market under the trading symbol “OFSSG”. If approved for listing, the Company expects the Notes to begin trading within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined at the time of pricing of the offering.

The Company intends to use the net proceeds of the offering to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes. The Company also intends to use a portion of the net proceeds from the offering to repay outstanding indebtedness under its senior secured revolving credit facility with Pacific Western Bank, or PWB, as amended (the “PWB Credit Facility”). As of September 10, 2020, the Company had $15.0 million of indebtedness outstanding under the PWB Credit Facility.

Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC, and National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ: NHLD), are acting as joint-booking running managers.

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