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OFS Capital ( (OFS) ) has provided an update.
On March 27, 2026, OFS Capital Corporation amended its senior secured revolving credit facility with Banc of California, which is used for general corporate purposes including funding new investments. The amendment reduces covenant pressure by lowering the minimum tangible net asset value requirement from $100 million to $75 million and temporarily cutting the minimum quarterly net investment income after management and incentive fees from $2 million to $1 million for the quarters ending March 31, June 30 and September 30, 2026.
At the same time, OFS Capital reduced the maximum commitment on the facility from $25 million to $15 million, signaling a smaller but more flexible borrowing base aligned with its current capital needs. The company incurred customary fees and expenses related to closing the amendment, which collectively adjusts its leverage and income thresholds in a way that may provide short-term operational flexibility while constraining total available liquidity.
The most recent analyst rating on (OFS) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on OFS Capital stock, see the OFS Stock Forecast page.
Spark’s Take on OFS Stock
According to Spark, TipRanks’ AI Analyst, OFS is a Neutral.
The score is held back primarily by sharply weaker TTM profitability and very weak technicals (below key moving averages with negative MACD). Offsetting factors include improved leverage and solid recent cash generation, plus a supportive (but high-risk) income profile from the very high dividend yield and balance-sheet-focused actions highlighted on the latest earnings call.
To see Spark’s full report on OFS stock, click here.
More about OFS Capital
OFS Capital Corporation is a Delaware-based business development company that provides financing solutions to middle-market companies. Its primary activities include originating and managing a portfolio of debt and equity investments, with a focus on generating net investment income and total returns for its shareholders through a senior secured lending strategy.
Average Trading Volume: 101,573
Technical Sentiment Signal: Sell
Current Market Cap: $42.74M
See more insights into OFS stock on TipRanks’ Stock Analysis page.