Item 1.01. Entry into a Material Definitive Agreement.
Amendment to Senior Secured Revolving Credit Facility
On November 15, 2021, OFS Capital Corporation, a Delaware corporation (the
"Company" or "OFS"), executed an amendment (the "Secured Revolver Amendment") to
its Business Loan Agreement with Pacific Western Bank, as lender ("PacWest"),
pursuant to which PacWest provides the Company with a senior secured revolving
credit facility (as amended from time to time, the "PWB Credit Facility") for
general corporate purposes including investment funding.
The Secured Revolver Amendment decreases the interest rate floor in the PWB
Credit Facility from 5.00% per annum to 4.00% per annum, effective as of
November 1, 2021.
The foregoing description of the Secured Revolver Amendment is not complete and
is qualified in its entirety by the full text of the Change in Terms Agreement
by and between the Company and PacWest dated as of November 15, 2021, which is
filed as an exhibit to this Current Report on Form 8-K as Exhibit 10.1 and is
incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Change in Terms to the Business Loan Agreement between OFS Capital
Corporation and Pacific Western Bank dated November 15, 2021
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