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OFS Capital Corporation (NASDAQ: OFS) (“OFS Capital” or the “Company”) today issued on Form 10-Q the Quarterly Report for the Company’s third fiscal quarter ending September 30, 2012. The 10-Q has been filed with the Securities and Exchange Commission and is available on the Company’s web site at
OFS Capital closed its IPO on November 14, 2012, raising $100 million in gross proceeds. Utilizing proceeds from its IPO, on November 15, 2012, OFS Capital repaid $90 million of debt outstanding on its revolving credit facility and, following that debt repayment, the Company had in excess of $90 million of borrowing capacity. OFS Capital intends to continue to use its liquidity from the revolving credit facility to finance its investment objectives.
OFS Capital announced on November 26, 2012 that its Board of Directors declared an initial dividend of $0.34 per share for the quarter ending December 31, 2012 (such amount to be proportionately reduced to reflect the number of days remaining in such quarter after the completion of the Company’s initial public offering), payable on January 31, 2013 to stockholders of record as of January 17, 2013. Based on the November 14, 2012 closing of the Company’s initial public offering, stockholders of record on January 17, 2013 will receive a dividend of $0.17 per share in respect of the quarter ending December 31, 2012.
The Company will hold its first earnings call following the filing on Form 10-K of its Annual Report for the period ended December 31, 2012.
ABOUT OFS CAPITAL
OFS Capital is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. For tax purposes, OFS Capital intends to be treated as a regulated investment company under the Internal Revenue Service Code. OFS Capital’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and, to a lesser extent, equity investments.