OFS Capital Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement
$OFS
Finance/Investors Services
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 20, 2025
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Item 1.01. Entry into a Material Definitive Agreement.
Reduction to Revolving Credit Facility Amount
On August 20, 2025, OFSCC-FS, LLC (the “Borrower”), a Delaware limited liability company and an indirect wholly owned subsidiary of OFS Capital Corporation (the “Company”), elected, effective as of August 22, 2025, to reduce the maximum facility amount from $150,000,000 to $80,000,000 under its revolving credit and security agreement dated as of June 20, 2019 (as amended from time to time, the “Revolving Credit and Security Agreement”) among the Borrower, the lenders from time to time party thereto, BNP Paribas, as administrative agent (the “Administrative Agent”), OFSCC-FS Holdings, LLC, as equityholder, the Company, as servicer, Virtus Group, LP, as collateral administrator, and Citibank, N.A., as collateral agent (the “BNP Facility”).
The reduction was made pursuant to Section 2.07(b) of the Revolving Credit and Security Agreement, which permits the Borrower to voluntarily reduce the unused amount of the facility amount upon notice to the Administrative Agent and other applicable parties. Following the reduction, the Revolving Credit and Security Agreement remains in full force and effect, with $80,000,000 available under the BNP Facility, subject to a borrowing base and other covenants, and the reinvestment period in effect. No other changes were made to the terms of the Revolving Credit and Security Agreement.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OFS CAPITAL CORPORATION | ||||||||
| Date: August 22, 2025 | By: | /s/ Bilal Rashid | ||||||
| Chief Executive Officer | ||||||||