OFS Credit Company, Inc. Commences Preferred Stock Offering
OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIN, OCCIO) has announced plans to offer shares of its Series F Term Preferred Stock in an underwritten public offering. The company has applied to list the Preferred Stock on the Nasdaq Capital Market under the symbol "OCCIM", with trading expected to begin within 30 days from the original issue date.
The company intends to use the net proceeds to acquire investments aligned with its objectives and strategies. Lucid Capital Markets, B. Riley Securities, Janney Montgomery Scott, and InspereX are acting as joint bookrunners, with Ladenburg Thalmann as co-manager. Investors are advised to carefully review the preliminary prospectus supplement and accompanying prospectus for detailed information.
OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIN, OCCIO) ha annunciato piani per offrire azioni del suo Serie F Term Preferred Stock in un'offerta pubblica sotto scritta. L'azienda ha fatto richiesta per quotare le azioni privilegiate sul Nasdaq Capital Market con il simbolo "OCCIM", con l'inizio delle negoziazioni previsto entro 30 giorni dalla data di emissione originale.
L'azienda intende utilizzare i proventi netti per acquisire investimenti in linea con i propri obiettivi e strategie. Lucid Capital Markets, B. Riley Securities, Janney Montgomery Scott e InspereX agiscono come co-leader di book, con Ladenburg Thalmann in qualità di co-manager. Si consiglia agli investitori di esaminare attentamente il prospetto supplementare preliminare e il prospetto allegato per informazioni dettagliate.
OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIN, OCCIO) ha anunciado planes para ofrecer acciones de su Serie F Term Preferred Stock en una oferta pública respaldada. La empresa ha solicitado listar las acciones preferentes en el Nasdaq Capital Market bajo el símbolo "OCCIM", con el inicio de operaciones previsto dentro de los 30 días posteriores a la fecha de emisión original.
La empresa tiene la intención de utilizar los ingresos netos para adquirir inversiones alineadas con sus objetivos y estrategias. Lucid Capital Markets, B. Riley Securities, Janney Montgomery Scott e InspereX están actuando como co-líderes del libro, con Ladenburg Thalmann como co-gestor. Se aconseja a los inversionistas revisar cuidadosamente el suplemento del prospecto preliminar y el prospecto adjunto para obtener información detallada.
OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIN, OCCIO)는 Series F Term Preferred Stock의 주식을 공모로 제공할 계획을 발표했습니다. 이 회사는 우선주를 Nasdaq Capital Market에 "OCCIM"라는 기호로 상장 요청했으며, 거래는 원발행일로부터 30일 이내에 시작될 것으로 예상됩니다.
회사는 순수익을 자사의 목표 및 전략에 부합하는 투자를 인수하는 데 사용할 계획입니다. Lucid Capital Markets, B. Riley Securities, Janney Montgomery Scott 및 InspereX가 공동 북런너로 활동하고 있으며, Ladenburg Thalmann이 공동 관리자로 참여하고 있습니다. 투자자들은 자세한 정보를 위해 예비 증권 청약서 보충 자료와 동반된 증권 청약서를 신중하게 검토할 것을 권장합니다.
OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIN, OCCIO) a annoncé son intention d'offrir des actions de sa Série F Term Preferred Stock dans le cadre d'une offre publique souscrite. L'entreprise a demandé à coter les actions privilégiées sur le Nasdaq Capital Market sous le symbole "OCCIM", avec un début des transactions prévu dans les 30 jours suivant la date d'émission initiale.
L'entreprise prévoit d'utiliser le produit net pour acquérir des investissements conformes à ses objectifs et à ses stratégies. Lucid Capital Markets, B. Riley Securities, Janney Montgomery Scott et InspereX agissent en tant que co-chefs de file, avec Ladenburg Thalmann comme co-manager. Les investisseurs sont invités à examiner attentivement le supplément de prospectus préliminaire et le prospectus accompagnant pour des informations détaillées.
Die OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIN, OCCIO) hat Pläne angekündigt, Anteile ihrer Serie F Term Preferred Stock in einem öffentlich angebotenen Underwriting anzubieten. Das Unternehmen hat beantragt, die Vorzugsaktien unter dem Symbol "OCCIM" an der Nasdaq Capital Market zu listen, wobei der Handelsbeginn innerhalb von 30 Tagen nach dem ursprünglichen Emissionsdatum erwartet wird.
Das Unternehmen beabsichtigt, die Nettoeinnahmen zu verwenden, um Investitionen zu erwerben, die mit seinen Zielen und Strategien übereinstimmen. Lucid Capital Markets, B. Riley Securities, Janney Montgomery Scott und InspereX agieren als gemeinsame Bookrunner, während Ladenburg Thalmann als Co-Manager fungiert. Investoren wird geraten, den vorläufigen Prospektzusatz und den zugehörigen Prospekt sorgfältig zu überprüfen, um detaillierte Informationen zu erhalten.
- Potential for increased capital through the preferred stock offering
- Planned listing on Nasdaq Capital Market under symbol "OCCIM"
- Intention to use proceeds for acquiring new investments
- Potential dilution of existing shareholders' equity
- Increased financial obligations due to new preferred stock issuance
Insights
OFS Credit Company's preferred stock offering is a significant move to raise capital, potentially impacting its financial structure and investment capabilities. The Series F Term Preferred Stock will be listed on Nasdaq, enhancing liquidity for investors. Key points to consider:
- The offering's size and pricing are yet to be determined, which will affect the capital raised and dilution impact.
- Net proceeds will be used to acquire investments, potentially boosting the company's portfolio and income generation.
- The underwriters' option for additional shares could further increase the capital raised.
- The new preferred stock (OCCIM) adds to the company's existing preferred offerings (OCCIN, OCCIO), potentially complicating its capital structure.
Investors should closely monitor the pricing and terms of the offering, as well as how effectively the company deploys the new capital. This move could strengthen OFS Credit's position in the market but also increases its obligations to preferred shareholders.
The Company intends to use the net proceeds of the offering to acquire investments in accordance with its investment objectives and strategies.
Lucid Capital Markets, LLC, B. Riley Securities, Inc., Janney Montgomery Scott LLC, InspereX LLC are acting as joint bookrunners and Ladenburg Thalmann & Co. Inc. is acting as a co-manager for the offering.
Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated September 24, 2024, and accompanying prospectus, dated May 29, 2024, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The proposed offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor,
About OFS Credit Company, Inc.
The Company is a non-diversified, externally managed closed-end management investment company. The Company’s primary investment objective is to generate current income, with a secondary objective to generate capital appreciation, which it seeks to achieve primarily through investments in collateralized loan obligation equity and debt securities. The Company’s investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 19401, as amended, and headquartered in
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements,” which relate to future events or our future operations, performance or financial condition. Forward-looking statements include statements regarding our intentions related to the offering discussed in this press release, including the use of proceeds from the offering. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including elevated interest and inflation rates, the ongoing war between
1 Registration does not imply a certain level of skill or training
OFS® and OFS Credit® are registered trademarks of Orchard First Source Asset Management, LLC
OFS Capital Management™ is a trademark of Orchard First Source Asset Management, LLC.
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INVESTOR RELATIONS:
OFS Credit Company, Inc.
Steve Altebrando
847-734-2085
investorrelations@ofscreditcompany.com
Source: OFS Credit Company, Inc.
FAQ
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