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OFS Capital Corp., 6.375% Notes due 4/30/2025
Ticker Symbol: OFSSL* CUSIP: 67103B308 Exchange: NGS
* NOTE: This security is no longer trading as of 3/12/2021
Security has been Called for: Friday, March 12, 2021
February 10, 2021 -- OFS Capital Corporation (the “Company”) caused notices to be issued to the holders of its 6.375% Notes due 2025 (CUSIP No. 67103B 308; NASDAQ: OFSSL) (the “6.375% Notes”) regarding the Company’s exercise of its option to redeem all of the issued and outstanding 6.375% Notes, pursuant to Section 1101 of the Indenture dated as of April 16, 2018, between the Company and U.S. Bank National Association, as trustee, and Section 1.01(h) of the First Supplemental Indenture dated as of April 16, 2018. The Company will redeem all $50,000,000 in aggregate principal amount of the 6.375% Notes on March 12, 2021 (the “Redemption Date”). The 6.375% Notes will be redeemed at 100% of their principal amount ($25 per Note), plus the accrued and unpaid interest thereon from January 31, 2021, through, but excluding, the Redemption Date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: OFS Capital Corp., 6.375% Notes due 4/2025, issued in $25 denominations, redeemable at the issuer's option on or after 4/30/2020 at $25 per note plus accrued and unpaid interest, and maturing 4/30/2025. Interest distributions of 6.375% per annum ($1.59375 per annum or $0.398438 per quarter) will be paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (OFS)
IPO - 4/11/2018 - 1.75 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $43.6 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 10 South Wacker Drive, Suite 2500, Chicago, Illinois 60606 |
| Main Phone Number |
847-734-2000 |
| Fax Number |
847-734-7910 |
| Investor Relations
Steve Altebrando
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847-734-2060
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Toll Free Phone Number |
Unknown |
| CEO - Bilal Rashid |
CFO - Jeffrey A. Cerny |
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