OFS Capital Corp 8-K

What Happened OFS Capital Corporation (OFS) announced that on February 18, 2026 its indirect, wholly owned subsidiary OFSCC‑FS, LLC entered into a revolving credit and security agreement (the Natixis Credit Facility) providing up to $80,000,000 of borrowings. The new facility names Natixis, New York Branch as administrative agent, Citibank as collateral agent and Virtus Group as collateral administrator. Concurrently, the borrower repaid and terminated its prior revolving credit agreement with BNP Paribas (the BNP Facility) and had the related liens released.

Key Details

• Facility size: up to $80,000,000 in aggregate principal advances; borrowings subject to a borrowing base and customary conditions.
• Term dates: reinvestment period ends the earlier of February 18, 2029 or certain acceleration events; final maturity is the earlier of February 18, 2031 or acceleration events.
• Pricing & fees: interest = 3‑month Term SOFR + margin (2.35% p.a. during reinvestment; 2.95% thereafter; +2.00% on default). Interest paid quarterly. Unused facility fee = 0.40% p.a. (calculated daily/360) on undrawn amounts.
• Security & recourse: advances are secured by a first‑priority lien on substantially all borrower assets held in custody by the Bank; borrower obligations are limited recourse—payable solely from the collateral—and are non‑recourse to OFS and the equityholder.

Why It Matters This financing provides OFS’s subsidiary with a committed source of liquidity (up to $80M) to support portfolio funding and operations during the reinvestment period. The new terms (maturity, interest margins and fees) replace the prior BNP facility and define the costs and duration of available credit. Importantly for investors, the borrower’s obligations under the facility are limited recourse to collateral and non‑recourse to OFS Capital, which contains credit risk at the subsidiary level rather than on the parent company’s balance sheet.