OFS Capital Company Announces Certain Preliminary Estimates of Its Fourth Quarter 2020 Fiscal Effects

CHICAGO–(Business WIRE)–OFS Capital Company (Nasdaq: OFS) (“OFS Capital,”, “we,” “us,” or “our”) now announced sure preliminary estimates of its economical benefits for the quarter ended December 31, 2020.


  • Web asset worth for every share was estimated to be involving $11.75 and $11.85 for each prevalent share at December 31, 2020. This compares to a net asset benefit for every common share of $11.18 at September 30, 2020.
  • Net expense profits was approximated to be involving $.21 and $.23 per common share for the quarter finished December 31, 2020. This compares to net financial commitment income of $.20 per frequent share for the quarter finished September 30, 2020.
  • No additional loans were positioned on non-accrual standing in the quarter.
  • SBA debentures had been completely lowered by $23.5 million throughout the quarter. They have been in addition decreased by $9.8 million on January 5, 2021. Principal amounts of our exceptional borrowings ended up as follows (in hundreds of thousands):


As of December 31, 2020


As of September 30, 2020

Secured traces of credit








SBA debentures






Unsecured financial debt






Overall personal debt








  • At December 31, 2020, we experienced $37.7 million in cash and unused capacity beneath our credit rating services.

These estimates are issue to the completion of our monetary closing processes and are not a in depth assertion of our money place, effects of functions, or dollars flows for the quarter ended December 31, 2020. Last final results may perhaps differ materially from these estimates as a final result of the completion of our economical closing strategies, as properly as subsequent events, which includes the discovery of details influencing good values of our portfolio investments as of December 31, 2020, arising between now and the completion of our financial statements and the filing of our Annual Report on Kind 10-K for the calendar year then ended.

The preliminary financial estimates furnished herein have been prepared by, and are the accountability of OFS Capital’s management. KPMG LLP has not audited, reviewed, compiled, or performed any processes with regard to the accompanying preliminary monetary knowledge. Accordingly, KPMG LLP does not express an view or any other type of assurance with respect thereto.


OFS Cash Company is an externally managed, closed-end, non-diversified management financial investment company that has elected to be regulated as a enterprise growth enterprise. OFS Capital’s investment goal is to deliver stockholders with equally present income and funds appreciation largely by means of credit card debt investments and, to a lesser extent, fairness investments. OFS Funds invests primarily in privately held center-market businesses in the United States, which include reduced-middle-market firms, focusing on investments of $3 million to $20 million in businesses with once-a-year EBITDA between $3 million and $50 million. OFS Funds offers flexible options through a selection of asset lessons together with senior secured loans, which consists of to start with-lien, 2nd-lien and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants and other equity securities. OFS Capital’s investment things to do are managed by OFS Capital Management, LLC, an investment decision adviser registered less than the Investment decision Advisers Act of 19401, as amended, and headquartered in Chicago, Illinois, with extra workplaces in New York and Los Angeles.

Forward-Searching STATEMENTS

This report may perhaps consist of ahead-wanting statements that require substantial pitfalls and uncertainties, which includes the foreseeable future running final results of OFS Funds. Forward-wanting statements can be determined by terminology this sort of as “anticipate,” “believe,” “could,” “could enhance the probability,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will allow,” “would be envisioned,” “look forward,” “may supply,” “would” or equivalent phrases, variations of such conditions or the detrimental of these conditions. This kind of forward-on the lookout statements entail regarded and mysterious hazards, uncertainties and other aspects including these pitfalls, uncertainties and factors referred to in OFS Capital’s Once-a-year Report on Variety 10-K for the 12 months ended December 31, 2019 filed with the Securities and Exchange Fee below the portion “Risk Things,” and in “Portion II, Product 1A. Danger Factors” in our Quarterly Report in Type 10-Q for the quarter finished September 30, 2020, as perfectly as other documents that could be submitted by OFS Capital from time to time with the Securities and Trade Commission. As a consequence of this kind of hazards, uncertainties and things, true outcomes could differ materially from any potential success, functionality or achievements talked about in or implied by the ahead-wanting statements contained herein. OFS Capital is providing the details in this push launch as of this date and assumes no obligations to update the information provided in this push release or revise any ahead-looking statements, no matter whether as a final result of new data, upcoming occasions or in any other case.

1 Registration does not imply a specified stage of talent or schooling