OFS Capital Corporation Executes an Amendment to its Business Loan Agreement with Pacific Western Bank
November 18, 2021 at 10:46 am EST
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On November 15, 2021, OFS Capital Corporation, executed an 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.
OFS Capital Corporation is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to provide stockholders with both current income and capital appreciation primarily through debt investments and, to a lesser extent, equity investments. The Company offers flexible solutions through a variety of asset classes including senior secured loans, which includes first-lien, second lien and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants and other equity securities. It may also make investments through OFSCC-FS, LLC (OFSCC-FS) for the purpose of acquiring senior secured loan investments. It may make investments directly, or follow-on investments in current portfolio companies held through OFS SBIC I LP (SBIC LP), its investment company subsidiary. The Company's investment activities are managed by OFS Capital Management, LLC.
OFS CAPITAL CORPORATION 
