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OFS CAPITAL CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement

July 28, 2014



Item 1.01 Entry Into a Material Definitive Agreement.

On July 24, 2014, OFS Capital WM, LLC ("OFS Capital WM"), a wholly-owned subsidiary of OFS Capital Corporation (the "Company"), amended its $135 million secured revolving credit facility (the "WM Credit Facility") with Wells Fargo Bank, N.A. (the "Amendment"). Pursuant to the Amendment, the calculation of the borrowing base was adjusted and the minimum equity requirement was lowered from $50 million to $35 million, resulting in additional liquidity for the Company. In addition, the size of the WM Credit Facility was reduced from $135 million to $125 million. No financing costs were incurred in connection with the Amendment.

The foregoing description of the WM Credit Facility does not purport to be complete and is qualified in its entirety by reference to the Eighth Amendment to the Loan and Security Agreement, as amended by the First Amendment to the Loan and Security Agreement dated as of November 27, 2010, the Second Amendment to the Loan and Security Agreement dated as of January 26, 2011, the Third Amendment to the Loan and Security Agreement dated as of September 28, 2012, the Fourth Amendment to the Loan and Security Agreement dated as of January 22, 2013, the Fifth Amendment to the Loan and Security Agreement dated as of April 3, 2013, the Sixth Amendment to the Loan and Security Agreement dated as of November 22, 2013, the Seventh Amendment to the Loan and Security Agreement dated as of January 17, 2014 and the Eighth Amendment, incorporated herein by reference. The full text of the Eighth Amendment is incorporated by reference from the Company's Pre-Effective Amendment No.1 to the Registration Statement on Form N-2 filed with the U.S. Securities and Exchange Commission on July 24, 2014.


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Source: Edgar Glimpses


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