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OFS Capital Corp (NASDAQ:OFS), a business development company with a market capitalization of $112 million and an attractive dividend yield of 16.3%, announced Monday that its indirect wholly owned subsidiary, OFSCC-FS, LLC, executed an amendment to its revolving credit and security agreement with a group of lenders, including BNP Paribas as administrative agent. The amendment extends the reinvestment period under the $80 million BNP Credit Facility from August 31, 2025, to September 30, 2025. No other terms of the revolving credit and security agreement were changed. According to InvestingPro data, OFS maintains strong liquidity with a current ratio of 2.11, indicating its ability to meet short-term obligations.
The BNP Credit Facility allows for aggregate principal borrowings up to $80 million. Other parties to the agreement include OFSCC-FS Holdings, LLC as equityholder, OFS Capital Corp as servicer, Virtus Group, LP as collateral administrator, and Citibank, N.A. as collateral agent.
This information is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, OFS Capital Corporation reported its second-quarter earnings for 2025, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $0.25, surpassing the projected $0.24. Despite this positive earnings report, the company faced a 9% decrease in Net Asset Value (NAV), reflecting broader market concerns. The earnings results highlight the company’s ability to perform above expectations in a challenging market environment. These developments are part of the recent updates concerning OFS Capital Corporation.
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