OFS Credit Company, Inc. Launches New Preferred Stock Offering
OFS Credit Company, Inc. Launches New Preferred Stock Offering
OFS Credit Company, Inc. (Nasdaq: OCCI) has officially announced its plan to issue shares of Series F Term Preferred Stock in a public offering. The specific offering price and details will be determined through negotiations between the Company and underwriting partners. In a bid to enhance its capital structure, the Company has applied for the preferred stock to be listed on the Nasdaq Capital Market, under the symbol "OCCIM," and anticipates trading to commence shortly after the issuance date.
Purpose of the Offering and Funds Utilization
The funds raised from this offering are intended for strategic investments aligned with the Company's investment goals. This effort marks an important step in OFS Credit's objective to strengthen its portfolio while fostering income generation for their stakeholders.
Joint Bookrunners for the Offering
In this venture, the Company has enlisted reputable partners in the financial industry. Lucid Capital Markets, LLC, B. Riley Securities, Inc., Janney Montgomery Scott LLC, and InspereX LLC will serve as joint bookrunners. Ladenburg Thalmann & Co. Inc. will aid as a co-manager, bringing their expertise to the offering process. This collaboration signals a well-structured approach to managing the preferred stock issuance.
Investor Considerations
Before proceeding with an investment decision, potential investors are encouraged to weigh the investment objectives, risks, and various costs involved in purchasing shares of the Company. Important information, including a preliminary prospectus supplement, has been duly filed with the Securities and Exchange Commission (SEC) and is crucial for investors to consider prior to investment.
Securities Registration and Compliance
The offering is conducted in full compliance with applicable regulations. OFS Credit Company has ensured that a shelf registration statement regarding these securities is active and effective with the SEC, laying a foundation for transparency and regulatory adherence. Further details, including a prospectus and related documents, will be obtainable from the participating investment banks once available.
About OFS Credit Company, Inc.
OFS Credit Company, Inc. operates as a non-diversified, externally managed closed-end management investment company. Its primary goal is to create current income, complemented by a secondary aim of fostering capital appreciation. This is achieved chiefly through investments in collateralized loan obligations as well as equity and debt securities. The management of these investment activities falls under the experienced guidance of OFS Capital Management, LLC, an entity duly registered under the Investment Advisers Act of 1940 and headquartered in Chicago, with additional offices situated in New York and Los Angeles.
Frequently Asked Questions
What is the purpose of OFS Credit Company, Inc.'s stock offering?
The primary purpose of the stock offering is to raise funds for strategic investments that align with the Company's investment goals.
Who are the joint bookrunners involved in the offering?
The joint bookrunners for the offering include Lucid Capital Markets, LLC, B. Riley Securities, Inc., Janney Montgomery Scott LLC, and InspereX LLC.
What is OFS Credit Company's investment strategy?
OFS Credit Company primarily aims to generate current income while also seeking capital appreciation through investments in collateralized loan obligations and related securities.
How will the offering comply with regulations?
The Company has filed a shelf registration statement with the SEC to ensure full compliance with regulatory requirements regarding the offering.
Where can I find more information regarding this preferred stock offering?
More information can be found in the preliminary prospectus supplement and the related documents filed with the SEC, which will be available through the participating investment banks.
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