CHICAGO–(BUSINESS WIRE)–Dec 1, 2021–
OFS Credit score Firm, Inc. (the “Firm”) (Nasdaq: OCCI, OCCIP, OCCIO) introduced immediately that it plans to supply shares of its Sequence E Time period Most well-liked Inventory (the “Most well-liked Inventory”) in an underwritten public providing. The general public providing worth and different phrases of the Most well-liked Inventory are to be decided by negotiations between the Firm and the underwriters. The Firm has utilized to record the Most well-liked Inventory on the Nasdaq Capital Market below the buying and selling image “OCCIN”. The Firm expects the Most well-liked Inventory to start buying and selling inside 30 days from the unique situation date. As well as, the Firm plans to grant the underwriters a 30-day choice to buy further shares of Most well-liked Inventory on the identical phrases and circumstances to cowl overallotments, if any.
The Firm intends to make use of the web proceeds of the providing to accumulate investments in accordance with its funding targets and methods and for common working capital functions. The Firm could use the web proceeds of the providing to redeem all or a portion of its excellent 6.875% Sequence A Time period Most well-liked Inventory due 2024.
Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc. and InspereX LLC are performing as underwriters for the providing.
Buyers are suggested to rigorously think about the funding targets, dangers and prices and bills of the Firm earlier than investing. The preliminary prospectus complement, dated December 1, 2021, and accompanying prospectus, dated June 7, 2021, every of which has been filed with the Securities and Trade Fee, comprise an outline of those issues and different necessary details about the Firm and ought to be learn rigorously earlier than investing.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase the securities on this providing or another securities nor will there be any sale of those securities or another securities referred to on this press launch in any state or jurisdiction by which such provide, solicitation or sale could be illegal previous to the registration or qualification below the securities legal guidelines of such state or jurisdiction.
A shelf registration assertion relating to those securities is on file with and has been declared efficient by the Securities and Trade Fee. The proposed providing could also be made solely by the use of a prospectus and a associated prospectus complement, copies of which can be obtained, when obtainable, from the next funding banks: Ladenburg Thalmann & Co. Inc., Attn: Syndicate Division, 640 Fifth Ave, 4th Ground, New York, NY 10019, or by emailing prospectus@ladenburg.com (phone quantity 1-800-573-2541); B. Riley Securities, Inc., at 1300 North 17th Avenue, Suite 1300, Arlington, VA 22209 or by calling (703) 312‑9580 or by emailing prospectuses@brileyfin.com; and InspereX LLC, Attn: Syndicate Division, 200 S. Wacker Drive, Suite 3400, Chicago, IL 60606, or by emailing prospectus_requests@insperex.com (phone quantity 1-800-327-1546); copies might also be obtained by visiting EDGAR on the Securities and Trade Fee Site, at www.sec.gov.
About OFS Credit score Firm, Inc.
The Firm is a non-diversified, externally managed closed-end administration funding firm. The Firm’s funding goal is to generate present revenue, with a secondary goal to generate capital appreciation primarily via funding in collateralized mortgage obligation debt and subordinated securities. The Firm’s funding actions are managed by OFS Capital Administration, LLC, an funding adviser registered below the Funding Advisers Act of 1940 1, as amended, and headquartered in Chicago, Illinois with further workplaces in New York and Los Angeles.
Ahead-Trying Statements
Statements included herein could represent “forward-looking statements,” which relate to future occasions or our future operations, efficiency or monetary situation. Ahead-looking statements embrace statements concerning our intentions associated to the providing mentioned on this press launch, together with the usage of proceeds from the providing. These statements are usually not ensures of future efficiency, situation or outcomes and contain plenty of dangers and uncertainties, together with the impression of the worldwide COVID-19 pandemic and associated modifications in base rates of interest, inflation charges and important market volatility on our enterprise, our portfolio firms, our trade and the worldwide financial system. Precise outcomes and outcomes could differ materially from these anticipated within the forward-looking statements on account of a wide range of components, together with these described occasionally within the Firm’s filings with the Securities and Trade Fee or components which are past the Firm’s management. The Firm is offering the knowledge on this press launch as of this date and assumes no obligations to replace the knowledge included on this press launch or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case.
1 Registration doesn’t indicate a sure degree of ability or coaching
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CONTACT: INVESTOR RELATIONS:
OFS Credit score Firm, Inc.
Steve Altebrando, 646-652-8473
KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: OFS Credit score Firm, Inc.
Copyright Enterprise Wire 2021.
PUB: 12/01/2021 07:21 AM/DISC: 12/01/2021 07:21 AM
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