OFS Credit Commences Preferred Stock Offering; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
OFS Credit Company has announced the commencement of a preferred stock offering, though the size of the offering has not been disclosed. This move is likely aimed at raising capital.
September 24, 2024 | 12:51 pm
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OFS Credit Company has started a preferred stock offering, which could impact its stock price depending on the market's reception and the eventual size of the offering.
The announcement of a preferred stock offering by OFS Credit Company (OCCI) suggests a strategic move to raise capital. However, the lack of disclosed size makes it difficult to predict the exact market impact. Investors will be watching for further details to assess the dilution effect and potential benefits from the raised capital.
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