newsfilter
← Latest News
Business Wire·

OFS Credit Company Announces Financial Results for the Fourth Fiscal Quarter 2025

OCCI
  • OFS Credit Company, Inc. reported Net Investment Income (NII) of $6.2 million ($0.22 per share) for the quarter ended October 31, 2025, a moderate increase from the prior quarter.
  • Core Net Investment Income (Core NII) rose to $8.8 million ($0.32 per share), driven by increased cash flows from issuers making their first payments.
  • Net Asset Value (NAV) per common share decreased to $5.46 from $6.13, primarily due to a $0.55 per share net loss on investments and distributions exceeding quarterly NII.
  • The investment portfolio's interest income yield was 14.35% based on average amortized cost, while the CLO equity cash flow yield was 17.30%.
  • Total investments at fair value declined to $256.5 million from $279.4 million, reflecting a net unrealized depreciation on CLO equity securities due to spread compression.
  • The company issued 96,810 common shares via its At-the-Market offering, generating $0.6 million in net proceeds.
  • The Board declared monthly cash distributions of $0.115 per share for November 2025, December 2025, and January 2026, implying an annualized rate of 28.6% based on the October 31 closing price.
  • On November 4, 2025, OFS Credit entered into a $25 million Master Repurchase Agreement with Nomura Securities International, Inc. for CLO securities transactions.
  • Total operating expenses decreased by $0.1 million to $5.8 million, largely due to reduced administration fees.
  • Management highlighted the execution of reset and refinancing transactions intended to extend cash flow streams from CLO equity securities.
  • The company closed fiscal year 2025 with NII and total investments increasing 29.5% and 19.4% respectively on a year-over-year basis.