OFS Credit names Kyle Spina as new CFO

CHICAGO - OFS Credit Company, Inc. (NASDAQ: NASDAQ:OCCI), a firm focusing on investments in collateralized loan obligation (CLO) equity and debt securities, has announced the appointment of Kyle Spina as its new Chief Financial Officer effective March 31, 2025. Spina, succeeding Jeff Cerny who is retiring from the CFO and Treasurer positions, will continue his tenure on the company’s Board of Directors.

Spina brings over 15 years of experience in accounting to his new role, having served as OFS Credit’s Chief Accounting Officer since April 2023. During his time as CAO, he managed all aspects of accounting and financial reporting for the company. His prior roles include Vice President and Controller of Fund Accounting and Reporting at OFS Capital (NASDAQ:OFS) Management, LLC, and various controllership positions at Thoma Bravo, LP, and Fidus Investment (NASDAQ:FDUS) Corporation (NASDAQ: FDUS). According to InvestingPro, FDUS has shown remarkable performance with a 29.72% return over the past year and maintains an impressive 10.73% dividend yield, having sustained dividend payments for 14 consecutive years.

Bilal Rashid, the Chairman of the Board, President, and CEO of OFS Credit, expressed confidence in Spina’s understanding of the company and the industry. Rashid also acknowledged Cerny’s contributions since the company’s inception and looked forward to his ongoing guidance on the board.

Spina’s professional background includes a tenure as Audit Manager at BDO, where he specialized in audits of public companies. He holds a Bachelor of Science degree in Accounting and Management from Purdue University and has been an active Certified Public Accountant since 2010.

OFS Credit is managed by OFS Capital Management, LLC, a registered investment adviser. The company’s primary goal is to generate current income and, secondarily, capital appreciation through investments in CLO equity and debt securities. For detailed analysis and comprehensive insights on companies in this sector, InvestingPro offers extensive research reports covering over 1,400 US stocks, helping investors make informed decisions with professional-grade data and expert analysis.

The information in this announcement is based on a press release statement and does not imply any level of skill or training associated with the company’s registration.

In other recent news, Hancock Park Corporate Income has announced a change in its executive team. The current CFO and Treasurer, Jeffrey A. Cerny, has decided to step down from his roles, effective March 31, 2025. In his place, the board has appointed Kyle Spina, who currently serves as the Chief Accounting Officer. These developments are part of a planned succession strategy, ensuring a smooth transition in leadership.

In parallel, Fidus Investment Corporation reported robust growth during its Third Quarter 2024 Earnings Conference Call. The company saw a 20% increase in its debt portfolio, leading to a record interest income of $33.7 million. The net asset value rose to $658.8 million, marking an 11.8% increase since the end of 2023. Adjusted net investment income also saw a 12.3% rise to $20.4 million, supporting dividends of $0.57 per share.

These recent developments highlight the ongoing changes and growth within both Hancock Park Corporate Income and Fidus Investment Corporation. As analyzed by InvestingPro, these changes are critical for both companies as they continue to navigate their respective financial landscapes.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.