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OFS Capital Closes IPO

11/14/2012 7:11 PM ET

OFS Capital Corp. (OFS: Quote) said Wednesday that it has closed its initial public offering of 6,666,667 shares of its common stock at a public offering price of $15.00 per share, raising about $100.0 million in gross proceeds.

Morgan Stanley & Co. LLC, UBS Securities LLC, Barclays Capital Inc. and RBC Capital Markets, LLC acted as joint book-running managers. Oppenheimer & Co. Inc. and Janney Montgomery Scott LLC acted as co-lead managers. Ladenburg Thalmann & Co. Inc., Wunderlich Securities, Inc. and Houlihan Lokey Capital, Inc. acted as co-managers.

OFS Capital's common stock began trading on The Nasdaq Global Market under the symbol "OFS" on November 8.

OFS Capital said it plans to use the net proceeds of the offering, together with cash on hand, to repay certain outstanding indebtedness under its existing credit facility and to use the remaining net proceeds, if any, to invest in portfolio companies in accordance with its investment objective and strategies and for general corporate purposes.

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by RTT Staff Writer

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