OCCI - OFS Credit Company's shares under pressure on equity raise

OFS Credit Company (OCCI) -6% premarket on pricing 1.025M shares of its common stock at $14.67 per share.Underwriters' over-allotment is an additional 153,750 shares.Offering is expected to close on March 30. Net proceeds of ~$14.14M (or ~$16.3M if underwriters exercise their option in full) will be used to redeem all or a portion of its outstanding 6.875% Series A Term Preferred Stock due 2024 and/or 6.60% Series B Term Preferred Stock due 2023 and for general working capital purposes.

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OFS Credit Company's shares under pressure on equity raise