OCCI - OFS Credit trades 2.5% down on proposing stock offering

OFS Credit (OCCI) trades 2.5% down after hours on commencing an underwritten public offering of shares; underwriters granted option to purchase up to an additional 15% of the shares.Offer size, terms not yet disclosed.Net proceeds to be used for acquiring investments in accordance with its investment objectives and strategies, 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 trades 2.5% down on proposing stock offering