Welcome to our dedicated page for OFS Capital Corporation news (Ticker: OFS), a resource for investors and traders seeking the latest updates and insights on OFS Capital Corporation stock.
OFS Capital Corporation (symbol: OFS) is an externally managed, closed-end, non-diversified management investment company headquartered in the United States. Located in 151 Applegrove St, Sudbury, Ontario, Canada, OFS Capital Corp focuses on generating current income and capital appreciation through strategic investments in middle-market companies across the U.S.
The company primarily invests in senior secured loans, which include first lien, second lien, and unitranche loans. In addition, OFS Capital Corp also holds subordinated loans and, to a lesser extent, warrants and other equity securities. This diversified investment strategy is aimed at reducing risk while maximizing potential returns for its stakeholders.
OFS Capital Corp's core business objective is to leverage its extensive industry experience and robust financial insight to identify promising middle-market companies that require funding for expansion, acquisitions, or refinancing. By providing these companies with the necessary financial support, OFS Capital Corp not only aids their growth but also ensures a steady stream of income and capital appreciation for its investors.
Recent achievements underline the company's commitment to its investment strategy and financial health. OFS Capital Corp has successfully managed to maintain a robust portfolio of investments, reflecting a cautious yet opportunistic approach to market dynamics. Current projects include financing initiatives for companies in various sectors, underscoring the company's diverse investment portfolio and emphasis on sustainable growth.
An essential aspect of OFS Capital Corp's operational strategy is its solid network of partnerships. These partnerships enable the company to access a wide range of investment opportunities and market intelligence, furthering its ability to make informed investment decisions. Additionally, OFS Capital Corp's transparent and stringent due diligence processes help in mitigating risks associated with middle-market investments.
Financially, OFS Capital Corp has demonstrated resilience and adaptability, navigating through market uncertainties while maintaining a stable financial condition. Its performance metrics and regular financial updates reflect a company that is not only focused on growth but also on delivering consistent returns to its investors.
For those looking to stay updated with the latest developments, performance metrics, and news about OFS Capital Corp, this page offers comprehensive and up-to-date information. This ensures that shareholders and potential investors have all the necessary insights to make informed decisions regarding their investments.
OFS Capital Corporation (NASDAQ: OFS) announced that it will release its second quarter 2021 earnings results on August 6, 2021, before market opening. A conference call will follow at 10:00 a.m. ET, led by CEO Bilal Rashid and CFO Jeffrey Cerny, to discuss financial results and business developments. Interested parties can access the call via the company’s website or by phone, with a replay available for 90 days post-event. OFS Capital focuses on providing current income and capital appreciation through debt and equity investments, primarily in U.S. middle-market companies.
OFS Capital Corporation (OFS) reported financial results for Q1 2021, highlighting a net investment income of $2.6 million, or $0.19 per share. Adjusted net investment income was $3.1 million, translating to $0.23 per share. The net asset value per share rose to $11.96 from $11.85 in Q4 2020. Portfolio net gains totaled $3.9 million, with 96% of loans being senior secured. OFS declared a distribution of $0.22 per share for Q2 2021, marking its third consecutive quarterly increase.
OFS Capital Corporation (NASDAQ: OFS) will announce its first quarter earnings results for 2021 on May 11, 2021, before the stock market opens. A conference call hosted by CEO Bilal Rashid and CFO Jeffrey Cerny is scheduled for 10:00 a.m. Eastern Time to discuss these results. Investors can access the call via the official website or by phone. OFS Capital primarily invests in middle-market companies in the U.S., with a focus on providing both current income and capital appreciation through various debt and equity investments.
OFS Capital Corporation (Nasdaq: OFS) has successfully priced a public offering of $25 million in additional 4.75% notes due 2026, generating approximately $24.7 million in net proceeds after expenses. The notes will be offered at 101.038% of their value, resulting in a yield of about 4.50%. The proceeds will be utilized for investments in debt and equity securities and will help repay $35.7 million currently owed under the BNP Paribas revolving credit facility. The offering is expected to close on March 18, 2021.
OFS Capital Corporation (OFS) reported its financial results for the fiscal year ended December 31, 2020, revealing a net investment income of $12.3 million or $0.92 per share, marking a distribution coverage of 107%. The fourth quarter net investment income was $3.0 million, with closed investments totaling approximately $48.7 million. The net asset value per share increased to $11.85 from $11.18. OFS declared a first-quarter 2021 distribution of $0.20 per share, reflecting confidence in future income growth.
OFS Capital Corporation (NASDAQ: OFS) will announce its fourth quarter and year-end 2020 earnings results on March 5, 2021, before market opening. Bilal Rashid, CEO, and Jeffrey Cerny, CFO, will host a conference call at 10:00 a.m. Eastern Time to discuss the results. Interested parties may listen via the company's website or by phone. OFS Capital focuses on providing stockholders with current income and capital appreciation primarily through debt investments in privately held middle-market companies, targeting investments between $3 million and $20 million.
OFS Capital Corporation (Nasdaq: OFS) has priced a public offering of $100 million in 4.75% notes due 2026, aiming to raise approximately $96.6 million after expenses. The notes will mature on February 10, 2026, and are redeemable at the company’s discretion. Proceeds will be utilized to pay down existing debts, including its 6.50% and 6.375% notes and borrowings under its BNP facility. The offering is expected to close on February 10, 2021.
OFS Capital Corporation (Nasdaq: OFS) reported preliminary estimates for the quarter ended December 31, 2020. The estimated net asset value per share increased to between $11.75 and $11.85, up from $11.18 in Q3 2020. The estimated net investment income rose to between $0.21 and $0.23 per share, compared to $0.20 in the previous quarter. Additionally, there were $37.7 million in cash and unused credit capacity. Notably, no new loans were placed on non-accrual status, and $23.5 million in SBA debentures were permanently reduced during the quarter.
OFS Capital Corporation (NASDAQ: OFS) reported financial results for Q3 2020, with a net investment income of $2.71 million ($0.20/share). The net asset value (NAV) per share increased to $11.18, up 11% from June 30, 2020. The portfolio saw net gains of $15.3 million, and 91% of its loans are senior secured. No new loans were placed on non-accrual status, and the company maintained an asset coverage ratio of 174%. A distribution of $0.18 per share was declared for Q4 2020, payable on December 31, 2020.
OFS Capital Corporation (NASDAQ: OFS) will release its third quarter 2020 earnings results before the market opens on November 6, 2020. A conference call to discuss the financial outcomes is slated for the same day at 10:00 a.m. Eastern Time, hosted by CEO Bilal Rashid and CFO Jeffrey Cerny. Investors can access the call via the company’s website or by phone. OFS Capital focuses on debt and equity investments in middle-market companies, targeting investments between $3 to $20 million.
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