OFS Capital Sells SBIC Interests, Reduces Portfolio Concentration
What happened
OFS Capital Corporation sold approximately 57% of its limited partnership interests in OFS SBIC I, LP for gross proceeds of $52.3 million on October 6, 2026, while retaining 43% of the interest. The company reported third-quarter 2026 net investment income of $719,000, or $0.05 per share, which was down from $0.08 per share in the second quarter.
From themarketsdaily.com
Why it matters
The sale reduced portfolio concentration, as Pfanstiehl previously represented about 35% of OFS Capital’s portfolio. Chairman and Chief Executive Officer Bilal Rashid stated the transaction strengthened financial flexibility and created capital for redeployment. The company maintained its fourth-quarter distribution at $0.17 per share.
OFS Capital Corporation provides debt and equity financing solutions for U.S. middle-market companies.
From themarketsdaily.com
Who's involved
- RashidChairman and Chief Executive Officer of OFS Capital Corporation
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The entities involved
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Rashid
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