OFS Credit Company Executes Master Repurchase Agreement
OFS Credit Company, Inc. (NASDAQ:OCCI) ("OFS Credit", the "Company", "we", "us" or "our"), today announced that it has entered into a Master Repurchase Agreement ("MRA") with Nomura Securities International, Inc. ("Nomura") for the purchase and sale of collateralized loan obligation ("CLO") securities that may be effected pursuant to transaction confirmations entered into under the MRA (the "Repurchase Facility").
The Repurchase Facility provides for Nomura to purchase CLO securities from OFS Credit pursuant to a purchase price agreed upon in a related transaction confirmation (each, a "Repo Transaction"). OFS Credit is authorized to enter into up to $25 million in Repo Transactions, from time to time, under the Repurchase Facility. At the end of the term of each Repo Transaction, OFS Credit is obligated to repurchase the related CLO securities from Nomura, and Nomura is obligated to sell those CLO securities to OFS Credit, for an amount equal to the original purchase price plus a price differential calculated at a predetermined rate from the original trade date to the date of determination of the Repo Transaction. Each Repo Transaction will have an agreed term that may be extended by mutual agreement. The MRA contains customary representations, warranties, covenants and events of default, including certain covenants and restrictions that require OFS Credit to maintain its net asset value (NAV) above certain percentage thresholds within specific periods of time, and for OFS Credit to cure any margin deficit at the request of Nomura. If an event of default occurs, the financing of CLO securities under the MRA may be terminated, and any outstanding Repo Transaction could be accelerated to be immediately due and payable at the applicable repurchase price.
As of November 4, 2025, OFS Credit has not entered into any Repo Transactions under the Repurchase Facility.
About OFS Credit
OFS Credit Company, Inc. 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 create capital appreciation. The Company primarily invests 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 Chicago, Illinois, with additional offices in New York and Los Angeles.
FORWARD-LOOKING STATEMENTS
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements for purposes of the safe harbor protection under applicable securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission ("SEC"), such as impacts from interest rate and inflation rate changes, the ongoing war between Russia and Ukraine, the escalated armed conflict and heightened regional tensions in the Middle East, the agenda of the U.S. presidential administration, including the impact of tariff enactment and tax reductions, trade disputes with other countries, instability in the U.S. and international banking systems, the risk of recession or the impact of the shutdown of U.S. government services and related market volatility on our business, our portfolio companies, our industry and the global economy. Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and, as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this press release should not be regarded as a representation by us that our plans and objectives will be achieved. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any additional disclosures that we may make directly to you or through reports that we in the future may file with the SEC, including Annual and Semi-Annual Reports on Form N-CSR and monthly portfolio investments reports filed on Form N-PORT for the third month of each of our fiscal quarters.
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.
All other trademarks or trade names referred to in this press release are the property of their respective owners.
1 Registration does not imply a certain level of skill or training.
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