CHICAGO--(BUSINESS WIRE)--Mar. 18, 2019--
OFS Credit Company, Inc. (the “Company”) today announced that it plans
to offer shares of its Series A Term Preferred Stock due 2024 (the
“Preferred Stock”) in an underwritten public offering. The public
offering price and other terms of the Preferred Stock are to be
determined by negotiations between the Company and the underwriters. The
Preferred Stock has been approved for listing and trading on the Nasdaq
Capital Market under the trading symbol “OCCIP”. The Company expects the
Preferred Stock to begin trading within 30 days from the original issue
date. In addition, the Company plans to grant the underwriters a 30-day
option to purchase additional shares of Preferred Stock on the same
terms and conditions to cover overallotments, if any.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann
Financial Services Inc. (NYSEMKT:LTS), BB&T Capital Markets, a division
of BB&T Securities, LLC, Incapital LLC and National Securities
Corporation, a wholly-owned subsidiary of National Holdings Corporation
(NasdaqCM:NHLD) are acting as joint book-running managers for the
offering and Newbridge Securities Corporation is acting as co-manager
for the offering.
The Company plans to use the net proceeds from the offering of the
Preferred Stock to acquire investments in accordance with its investment
objectives and strategies and for general working capital purposes.
The information in the preliminary prospectus and this press release
is not complete and may be changed.This press release does not
constitute an offer to sell or the solicitation of an offer to buy nor
will there be any sale of the securities referred to in this press
release in any state or jurisdiction in which such offer, solicitation
or sale would be unlawful prior to the registration or qualification
under the securities laws of such state or jurisdiction.
INVESTORS SHOULD CONSIDER THE COMPANY’S INVESTMENT OBJECTIVES, RISKS,
CHARGES AND EXPENSES CAREFULLY BEFORE INVESTING. THE PRELIMINARY
PROSPECTUS DATED MARCH 15, 2019, WHICH HAS BEEN FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION, CONTAINS A DESCRIPTION OF THESE
MATTERS AND OTHER IMPORTANT INFORMATION ABOUT THE COMPANY AND SHOULD BE
READ CAREFULLY BEFORE INVESTING.
Copies of the prospectus may be obtained by writing Ladenburg Thalmann &
Co. Inc., 277 Park Avenue, 26th Floor, New York, New York 10172, or:
1-800-573-2541, or: firstname.lastname@example.org;
copies may also be obtained by visiting EDGAR on the Securities and
Exchange Commission Web site, at www.sec.gov.
About OFS Credit Company, Inc.
The Company is a non-diversified, closed-end management investment
company. The Company’s investment objective is to generate current
income, with a secondary objective to generate capital appreciation
primarily through investment in collateralized loan obligation (“CLO”)
equity and subordinated debt securities. The Company's investment
activities are managed by OFS Capital Management, LLC, an investment
adviser registered under the Investment Advisers Act of 1940 and
headquartered in Chicago, Illinois, with additional offices in New York
and Los Angeles.
Statements included herein may constitute “forward-looking statements,”
which relate to future events or our future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in our filings with the Securities and Exchange
Commission. The Company undertakes no duty to update any forward-looking
statements made herein.
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Source: OFS Credit Company, Inc.