BB&T Capital Markets Serves as a Joint-Bookrunner on OFS Credit Company, Inc.’s Term Preferred Stock Offering
On March 19th, 2019, BB&T Capital Markets served as a joint-bookrunner for OFS Credit Company, Inc.’s issuance of $20,000,000 million 6.875% term preferred stock due 2024 (NASDAQ: OCCIP).
The Company intends to use the net proceeds from this transaction to acquire investments in accordance with its investment objectives and strategies, and for general working capital purposes.
About the Companies
OFS Credit Company, Inc. (NASDAQ: OCCI) is a non-diversified, closed-end management investment company. The Company’s investment objective is to generate current income, with a secondary objective to generate capital appreciation primarily through investment in collateralized loan obligation (“CLO”) equity and subordinated debt securities. The Company's investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 1940 and headquartered in Chicago, Illinois, with additional offices in New York and Los Angeles.
BB&T Capital Markets Financial Services Group has extensive experience providing community banks and thrifts, business development companies, and other specialty finance companies with a full range of public and private capital raising solutions, M&A advisory, fairness opinions and other strategic advisory services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.