0001398344-24-017850.txt : 20240913 0001398344-24-017850.hdr.sgml : 20240913 20240913091542 ACCESSION NUMBER: 0001398344-24-017850 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240731 FILED AS OF DATE: 20240913 DATE AS OF CHANGE: 20240913 PERIOD START: 20241031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OFS Credit Company, Inc. CENTRAL INDEX KEY: 0001716951 ORGANIZATION NAME: IRS NUMBER: 822875487 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23299 FILM NUMBER: 241296586 BUSINESS ADDRESS: STREET 1: 10 SOUTH WACKER DRIVE STREET 2: SUITE 2500 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 847-734-2000 MAIL ADDRESS: STREET 1: 10 SOUTH WACKER DRIVE STREET 2: SUITE 2500 CITY: CHICAGO STATE: IL ZIP: 60606 NPORT-P 1 primary_doc.xml NPORT-P false 0001716951 XXXXXXXX OFS Credit Company, Inc. 811-23299 0001716951 549300A7A6U0QNX5FB55 10 S. Wacker Drive, Suite 2500 Chicago 60606 847-734-2085 OFS Credit Company, Inc. N/A 2024-10-31 2024-07-31 N 183986315.4 62977635.47 121008679.93 0 0 0 0 0 0 0 0 0 0 0 0 61000000 22007238.52 N ALLEG 2021-2A SUB N/A Allegro CLO 2021-2, Ltd. 01750YAC9 5000000 PA USD 3013272.79 2.490129461575 Long KY Y 3 2034-10-15 None 17.11 N N N N N N ALLEG 2024-1A SUB N/A Allegro CLO XVI, Ltd. 01749VAC9 6490084 PA USD 5016625.06 4.145673734232 Long JE Y 3 2037-04-25 None 20.13 N N N N N N Alleg XV Sub 254900AAPS2B2Z2RDL27 Allegro CLO XV, LTD. 01749KAC3 4640000 PA USD 3043957.51 2.515486915286 Long KY Y 3 2035-07-20 None 19.84 N N N N N N Allegro CLO XVII, Ltd N/A Allegro CLO XVII, Ltd N/A 2500000 PA USD 2500000 2.065967500386 Long JE Y 3 2025-05-15 None 17.5 N N N N N N ANCHC 2018-1RA SUB 549300L8BI45FDIJHO17 Anchorage Capital CLO 1-R Ltd. 03329BAC7 2100000 PA USD 160230 0.132411989034 Long KY Y 3 2031-04-13 None 0 N N N N N N Apex Credit CLO 2020 N/A Apex Credit CLO 2020 Ltd. 03756BAE5 6170000 PA USD 4460255.69 3.68589731958 Long KY Y 3 2031-10-20 None 17.92 N N N N N N Apex Credit CLO 2021 Ltd N/A Apex Credit CLO 2021 Ltd. 03754DAG8 7140000 PA USD 4472016.7 3.695616465353 Long KY Y 3 2034-07-18 None 20.93 N N N N N N Apex Credit CLO 2022-1A N/A Apex Credit CLO 2022-1 Ltd. 03753WAC6 8833176 PA USD 5241151.47 4.331219440648 Long KY Y 3 2033-04-22 None 13.1 N N N N N N APEXC 2024-1A SUB N/A Apex Credit CLO 2024-1, Ltd. N/A 0 OU USD 170121.12 0.140585882019 Long BM Y 3 2036-04-20 None 29.55 N N N N N N APEXC 2024-1A SUB N/A Apex Credit CLO 2024-1, Ltd. 03753CAE6 3600000 PA USD 3020405.51 2.496023848658 Long BM Y 3 2036-04-20 None 29.55 N N N N N N ATCLO 2018-10A SUB N/A Atlas Senior Loan Fund X Ltd. 04941QAC0 5000000 PA USD 230549.85 0.190523398927 Long KY Y 3 2031-01-15 None 0 N N N N N N ATCLO 2021-17A SUB N/A Atlas Senior Loan Fund XVII, Ltd. 04942GAC1 6000000 PA USD 3162104.68 2.613122200679 Long KY Y 3 2034-10-20 None 19.1 N N N N N N ATCLO 2022-20A E N/A Atlas Senior Loan Fund XX, Ltd. 04943KAA5 2000000 PA USD 2002787.56 1.655077603655 Long ABS-CBDO JE Y 3 2035-10-19 Variable 14.70947 N N N N N N ATCLO 2023-21A N/A Atlas Senior Loan Fund XXI 04940NAA2 1450000 PA USD 1475393.78 1.2192462399 Long ABS-CBDO JE Y 3 2035-07-20 Variable 14.32201 N N N N N N AWPT 2017-8A SUB 549300OBPZDY731NEI33 Elevation CLO 2017-8, Ltd. 28622TAJ4 2000000 PA USD 58672.8099999996 0.048486447446 Long KY Y 3 2030-10-25 None 0 N N N N N N AWPT 2021-12A SUB N/A Elevation CLO 2021-12, Ltd. 28623NAC1 4810737 PA USD 1887288.51 1.559630690204 Long KY Y 3 2032-04-20 None 9.09 N N N N N N AWPT 2023-17A N/A Elevation CLO 2023-17, Ltd. 28624FAA1 2000000 PA USD 2029357.88 1.677034970692 Long ABS-CBDO KY Y 3 2036-10-20 Variable 13.44201 N N N N N N BATLN 2015-9A INC 549300JMWGEYZEC6GK98 Battalion CLO IX Ltd. 07132HAA6 1079022 PA USD 219481.14 0.181376360875 Long KY Y 3 2031-07-15 None 0 N N N N N N BATLN 2015-9A SUB 549300JMWGEYZEC6GK98 Battalion CLO IX Ltd. 07132GAC4 1770978 PA USD 360230.16 0.297689521287 Long KY Y 3 2031-07-15 None 0 N N N N N N BATLN 2017-11A SUB 549300O0R7FIDPTPCK50 Battalion CLO XI Ltd. 07132MAC1 5000000 PA USD 2240840.52 1.851801475147 Long KY Y 3 2029-10-24 None 7.4 N N N N N N BATLN 2020-15A SUB N/A Battalion CLO XV, Ltd. G0887TAB3 3500000 PA USD 1740704.01 1.43849516498 Long KY Y 3 2033-01-17 None 31.04 N N N N N N BATLN 2020-15A SUB N/A Battalion CLO XV, Ltd 07131CAC4 3500000 PA USD 1740704.01 1.43849516498 Long KY Y 3 2033-01-17 None 31.04 N N N N N N BATLN 2021-19A SUB N/A Battalion CLO XIX Ltd. 07134AAC5 5000000 PA USD 2206313.42 1.823268728554 Long KY Y 3 2034-04-15 None 16.63 N N N N N N BGCLO 2023-5A N/A Birch Grove CLO 5, Ltd. 090985AA0 3000000 PA USD 3006833.95 2.484808487902 Long ABS-CBDO KY Y 3 2035-04-20 Variable 13.93201 N N N N N N Birch Grove CLO 6 Ltd N/A Birch Grove CLO 6 Ltd 09077GAA1 2500000 PA USD 2539704.5 2.098778783033 Long ABS-CBDO JE Y 3 2035-07-07 Variable 14.21201 N N N N N N BRDGS 2022-1A SUB N/A Bridge Street CLO III, Ltd. 10806GAC3 6900000 PA USD 5057595.05 4.179530801365 Long KY Y 3 2034-10-20 None 20.8 N N N N N N BRDGS 2022-1A SUB N/A Bridge Street CLO III, Ltd. N/A 0 OU USD 308270.76 0.254750948591 Long KY Y 3 2034-10-20 None 20.8 N N N N N N BWCAP 2023-1A D N/A Brightwood Capital MM CLO 2023-1, Ltd. 108928AN2 807079.5 PA USD 819848.08 0.677511795413 Long ABS-CBDO JE Y 3 2035-10-15 Variable 11.76137 N N N N N N BWCAP 2023-1A E N/A Brightwood Capital MM CLO 2023-1, Ltd. 108929AA8 1882451.25 PA USD 1927668.08 1.592999841924 Long ABS-CBDO JE Y 3 2035-10-15 Variable 15.66137 N N N N N N BWCAP 2023-1I SUB1 N/A Brightwood Capital MM CLO 2023-1, Ltd. 108929AC4 4847312.25 PA USD 3912990.41 3.233644406552 Long JE Y 3 2035-10-15 None 13.26 N N N N N N CROWPT4,SUBORD N/A Crown Point CLO 4 Ltd. 22846PAC0 5000000 PA USD 1248925.3 1.032095632083 Long KY Y 3 2031-04-20 None 0 N N N N N N DRSLF 2015-38X SUB 549300ARO9JRDQL4OE07 Dryden 38 Senior Loan Fund 26251EAC4 2600000 PA USD 532894.59 0.440377161628 Long KY Y 3 2030-07-15 None 0 N N N N N N DRSLF 2021-87A N/A Dryden 87 CLO, Ltd. 26246HAC5 5000000 PA USD 2975589.2 2.458988232679 Long KY Y 3 2034-05-20 None 13.56 N N N N N N DRSLF 2021-95A SUB N/A Dryden 95 CLO, Ltd. 262485AC9 6000000 PA USD 3386880.38 2.79887391711 Long KY Y 3 2034-08-20 None 14 N N N N N N DRSLF 2022-98A SUB N/A Dryden 98 CLO, Ltd. 26248CAC4 5500000 PA USD 3406342.8 2.814957407989 Long KY Y 3 2035-04-20 None 13.62 N N N N N N Dryden 76 CLO, Ltd N/A Dryden 76 CLO, Ltd. 26252XAA5 2250000 PA USD 1253123.58 1.035565036098 Long KY Y 3 2032-10-20 None 9.26 N N N N N N Elevation CLO 2021-13 549300YZ3RIOTSOP0V95 Elevation CLO 2021-13 28622GAC7 6026765 PA USD 2418179.35 1.998351978881 Long KY Y 3 2034-07-15 None 3.92 N N N N N N Elevation CLO 2021-13, Ltd. N/A Elevation CLO 2021-13, Ltd. N/A 0 OU USD 166592.92 0.137670223405 Long KY Y 3 2034-07-15 None 3.92 N N N N N N Elevation CLO 2021-14 Ltd N/A Elevation CLO 2021-14, Ltd. 28623TAC8 7237500 PA USD 3201792.31 2.645919542178 Long KY Y 3 2034-10-20 None 5.26 N N N N N N Elevation CLO 2021-15, Ltd (AWPT 2018-3) N/A Elevation CLO 2021-15, Ltd. 70469GAC5 9000000 PA USD 3087234.95 2.551250829102 Long KY Y 3 2035-01-05 None 2.68 N N N N N N Elevation CLO 2021-15, Ltd (AWPT 2018-3) N/A Elevation CLO 2021-15, Ltd. N/A 0 OU USD 141456.87 0.11689811845 Long KY Y 3 2035-12-05 None 2.68 N N N N N N Empower CLO 2023-3, Ltd. Sub Notes N/A Empower CLO 2023-3 29247NAC5 10675000 PA USD 7162342.84 5.918867013625 Long KY Y 3 2037-01-20 None 14.56 N N N N N N EMPWR 2023-2A N/A Empower CLO 2023-2, Ltd. 29247JAA8 2000000 PA USD 2021753.47 1.670750785125 Long ABS-CBDO KY Y 3 2036-07-15 Variable 13.55137 N N N N N N EMPWR 2024-1A SUB N/A Empower CLO 2024-1 29244YAC4 5024000 PA USD 4115188.51 3.400738287848 Long KY Y 3 2037-04-25 None 15.0679 N N N N N N EMPWR 2024-2A SUB N/A Empower CLO 2024-2, Ltd 29248KAC0 1350000 PA USD 1141812.36 0.943578890919 Long KY Y 3 2037-07-15 None 15.156 N N N N N N FCBSL 2019-1A N/A Fortress Credit BSL X Limited 34961RAA4 2500000 PA USD 2500465.41 2.066352109159 Long ABS-CBDO KY Y 3 2032-07-23 Variable 12.4846 N N N N N N FCBSL 2021-1A N/A Fortress Credit Opportunities VII CLO Limited 34962NAA2 3750000 PA USD 3750925.71 3.099716245289 Long ABS-CBDO KY Y 3 2033-04-20 Variable 12.68362 N N N N N N FLAT 2018-1A SUB 5493008L4GGS612L9S27 Flatiron CLO 18 Ltd. 33883HAC9 4500000 PA USD 2084078.89 1.722255701992 Long KY Y 3 2031-04-17 None 5.62 N N N N N N GALL 2023-1A N/A Gallatin CLO X 2023-1, Ltd. 36362LAA7 4000000 PA USD 4030203.62 3.330507879543 Long ABS-CBDO BM Y 3 2035-10-14 Variable 13.52137 N N N N N N HARV7 7A SUB 54930057H7JJWKKTHB17 HarbourView CLO VII-R, Ltd. 41165HAC1 3100000 PA USD 0 0 Long KY Y 3 2026-11-18 None 0 N N N N N N HLA 2018-1X SUB Variable 7/21/31 N/A Halcyon Loan Advisors Funding 2018-1 Ltd. 40539HAC2 3000000 PA USD 731236.02 0.604283940972 Long KY Y 3 2031-07-20 None 5.99 N N N N N N INVCO 2021-2A N/A Invesco CLO 2021-2, Ltd. 46091AAC4 300000 PA USD 80928.41 0.066878185967 Long KY Y 3 2034-07-15 None 27.28 N N N N N N INVCO 2021-2A SUB N/A Invesco CLO 2021-2, Ltd. 46091AAB6 6000000 PA USD 3018513.04 2.494459936052 Long KY Y 3 2034-07-15 None 27.28 N N N N N N INVCO 2023-1A N/A Invesco U.S. CLO 2023-1, Ltd. 46146KAE3 500000 PA USD 240750.82 0.198953347924 Long JE Y 3 2037-04-22 None 18.64 N N N N N N INVCO 2023-1A N/A Invesco U.S. CLO 2023-1, Ltd. 46146KAG8 5000000 PA USD 3685420.38 3.045583492136 Long JE Y 3 2037-04-22 None 18.64 N N N N N N JTWN 2021-16A N/A Jamestown CLO XVI, Ltd. N/A 0 OU USD 106035.82 0.087626623198 Long KY Y 3 2034-07-25 None 14.87 N N N N N N JTWN 2021-16A SUB N/A Jamestown CLO XVI, Ltd. 47048TAC5 3500000 PA USD 2014732.94 1.664949110398 Long KY Y 3 2034-07-25 None 14.87 N N N N N N LCM 31A N/A LCM 31 Ltd. 50200UAC0 1350000 PA USD 723376.52 0.597788952344 Long KY Y 3 2032-01-20 None 18.11 N N N N N N Marble Point CLO XXI Income Note Ltd N/A Marble Point CLO XXI, Ltd. 56606PAA2 5250000 PA USD 2778043.81 2.295739290443 Long KY Y 3 2051-10-17 None 12.93 N N N N N N MDPK 2017-23A SUB N/A Madison Park Funding XXIII, Ltd. 55820UAC9 4000000 PA USD 1785218.37 1.475281253404 Long KY Y 3 2047-07-27 None 11.33 N N N N N N MDPK 2018-29A SUB N/A Madison Park Funding XXIX, Ltd. 55820EAE1 1000000 PA USD 453550.19 0.374807980933 Long KY Y 3 2047-10-18 None 8.09 N N N N N N MIDO 2018-9A INC 549300XXQYQPW7OQNX23 MidOcean Credit CLO IX Ltd. 59802NAE5 3000000 PA USD 253783.72 0.209723567058 Long KY Y 3 2031-07-20 None 0 N N N N N N MIDO2018-8X,INC 549300T32RO3I7BJ4V26 MidOcean Credit CLO VIII Ltd. 59801NAE6 3225000 PA USD 422921.74 0.349497028018 Long KY Y 3 2031-02-20 None 0 N N N N N N MIDOCC7,SUBORD 5493004MLF21SFT7F415 MidOcean Credit CLO VII Ltd. 59802YAG6 3275000 PA USD 0 0 Long KY Y 3 2029-07-15 None 0 N N N N N N MP10 2017-1A SUB 549300PJ1FVY9B16K017 Marble Point CLO X Ltd. 566062AC9 7000000 PA USD 482802.610000001 0.398981800544 Long KY Y 3 2030-10-15 None 0 N N N N N N MP20 2021-1A SUB N/A Marble Point CLO XX, Ltd. 566063AC7 5125000 PA USD 2581297.22 2.133150466142 Long KY Y 3 2051-04-23 None 12.64 N N N N N N MP23 2021-4 INCOME N/A Marble Point CLO XXIII Ltd. 56607MAA8 1750000 PA USD 1014150.28 0.838080607594 Long KY Y 3 2052-01-22 None 14.39 N N N N N N Niagra Park CLO, LTD N/A Niagara Park CLO, Ltd. 65357KAC1 4500000 PA USD 2559660.22 2.11526993062 Long KY Y 3 2032-07-17 None 11.32 N N N N N N Octagon Investment Partners 39, Ltd. N/A Octagon Investment Partners 39, Ltd. 67592AAE0 3600000 PA USD 677459.97 0.559844112333 Long KY Y 3 2030-10-20 None 0 N N N N N N ROCKT 2019-1A N/A Rockford Tower CLO 2019-1, Ltd. 77342NAC8 4500000 PA USD 2168263.52 1.791824785837 Long KY Y 3 2034-04-20 None 22.3 N N N N N N SNDPT 2013-3RX SUB 549300HOEGQTNS4MTZ12 Sound Point CLO IV-R, Ltd. 83608MAE3 4000000 PA USD 0 0 Long KY Y 3 2031-04-18 None 0 N N N N N N SNDPT 2023-36 A N/A Sound Point CLO 36, Ltd. 835939AA7 2500000 PA USD 2541338.53 2.100129124183 Long ABS-CBDO JE Y 3 2030-07-26 Variable 14.08921 N N N N N N STCR 2022-1A SUB N/A Steele Creek CLO 2022-1, Ltd. 85816HAC1 5000000 PA USD 2775632.27 2.293746425137 Long KY Y 3 2035-04-15 None 15.92 N N N N N N STCR 2022-1A SUB N/A Steele Creek CLO 2022-1, Ltd. N/A 0 OU USD 118364.84 0.097815165051 Long KY Y 3 2035-04-15 None 15.92 N N N N N N TRNTS 2018-8A SUB N/A Trinitas CLO VIII, Ltd. 89641FAC8 2800000 PA USD 460954.61 0.380926897365 Long KY Y 3 2117-07-20 None 0 N N N N N N TRNTS 2022-20A N/A Trinitas CLO XX, Ltd. 89640GAA1 6000000 PA USD 6045355.4 4.995803113873 Long ABS-CBDO KY Y 3 2035-07-20 Variable 13.43201 N N N N N N VIBR 2018-10X SUB N/A Vibrant CLO X Ltd. 92558LAC0 8000000 PA USD 0 0 Long KY Y 3 2031-10-20 None 0 N N N N N N VIBR 2021-15X SUB N/A Vibrant CLO XV, Ltd. 92559FAE8 4000000 PA USD 2537446.85 2.096913090422 Long KY Y 3 2035-01-20 None 26.32 N N N N N N VIBRANT CLO XIII, LTD N/A Vibrant CLO XIII, Ltd. 92557CAC1 5000000 PA USD 3051767.95 2.521941361367 Long KY Y 3 2034-07-15 None 14.8 N N N N N N VOYA 2017-4A SUB N/A Voya CLO 2017-4, Ltd. 92916UAB9 1000000 PA USD 43968.0399999999 0.036334616678 Long KY Y 3 2030-10-15 None 0 N N N N N N WINDR 2014-3A 254900ZK5ODN8CA7YX85 THL Credit Wind River 2014-3 CLO Ltd. 88432JAA9 2778000 PA USD 130562.37 0.107895045277 Long KY Y 3 2031-10-22 None 0 N N N N N N WINDR 2015-1A SUB N/A Wind River 2015-1 CLO, Ltd. 87246LAA2 2600000 PA USD 289362.79 0.239125647984 Long KY Y 3 2030-10-20 None 0 N N N N N N WPARK 2015-1X SUB N/A Webster Park CLO, Ltd. 948210AC3 3363000 PA USD 600034.12 0.495860396417 Long KY Y 3 2027-01-20 None 0 N N N N N N ZCLO3 2015-3A INC 549300SYHU0CNKIXQ691 Zais CLO 3, Limited 98887KAA5 1038255 PA USD 32599.8200000001 0.026940067455 Long KY Y 3 2031-07-15 None 0 N N N N N N ZCLO3 2015-3A SUB 549300SYHU0CNKIXQ691 Zais CLO 3, Limited 98887JAE0 1761745 PA USD 55316.4500000001 0.045712795174 Long KY Y 3 2031-07-15 None 0 N N N N N N 2024-09-13 OFS Credit Company, Inc. /s/ Bilal Rashid Bilal Rashid President XXXX NPORT-EX 2 fp0089585-1_nportex.htm

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

Company and Investment(1)(2)

  Interest Rate /Effective Yield(3)   Spread Above Index(4)  Initial Acquisition Date  Maturity  Principal Amount   Amortized Cost   Fair Value(5)   Percent of Net Assets 
CLO Debt Securities                                  
                                   
Atlas Senior Loan Fund XX, Ltd.                                  
Mezzanine Debt - Class E   14.71%  (SOFR + 9.43%)  10/13/2022  10/19/2035  $2,000,000   $1,887,917   $2,002,785    1.7%
                                   
Atlas Senior Loan Fund XXI, Ltd.                                  
Mezzanine Debt - Class E   14.32%  (SOFR + 9.04%)  7/20/2023  7/20/2035   1,450,000    1,352,250    1,475,394    1.2%
                                   
Birch Grove CLO 5, Ltd.                                  
Mezzanine Debt - Class E   13.93%  (SOFR + 8.65%)  4/28/2023  4/20/2035   3,000,000    2,933,979    3,006,834    2.5%
                                   
Birch Grove CLO 6, Ltd.                                  
Mezzanine Debt - Class E   14.21%  (SOFR + 8.93%)  7/7/2023  7/7/2035   2,500,000    2,438,299    2,539,705    2.1%
                                   
Brightwood Capital MM CLO 2023-1, Ltd.                                  
Mezzanine Debt - Class D   11.76%  (SOFR + 6.46%)  9/28/2023  10/15/2035   807,080    786,243    819,848    0.7%
Mezzanine Debt - Class E   15.66%  (SOFR + 10.36%)  9/28/2023  10/15/2035   1,882,451    1,720,453    1,927,668    1.6%
                  2,689,531    2,506,696    2,747,516    2.3%
Elevation CLO 2023-17, Ltd.                                  
Mezzanine Debt - Class E   13.44%  (SOFR + 8.16%)  11/16/2023  10/20/2036   2,000,000    1,892,280    2,029,358    1.7%
                                   
Empower CLO 2023-2, Ltd.                                  
Mezzanine Debt - Class E   13.55%  (SOFR + 8.25%)  8/22/2023  7/15/2036   2,000,000    2,000,000    2,021,753    1.7%
                                   
Fortress Credit BSL X Limited                                  
Mezzanine Debt - Class E   12.48%  (SOFR + 6.94%)  8/1/2023  7/23/2032   2,500,000    2,309,128    2,500,465    2.1%
                                   
Fortress Credit Opportunities VII CLO Limited                                  
Mezzanine Debt - Class E   12.68%  (SOFR + 7.14%)  8/1/2023  4/20/2033   3,750,000    3,421,039    3,750,926    3.1%

1

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

Company and Investment(1)(2)

  Interest Rate /Effective Yield(3)   Spread Above Index(4)  Initial Acquisition Date  Maturity  Principal Amount   Amortized Cost   Fair Value(5)   Percent of Net Assets 
Gallatin CLO X 2023-1, Ltd.                                  
Mezzanine Debt - Class E   13.52%  (SOFR + 8.22%)  9/7/2023  10/14/2035  $4,000,000   $3,806,972   $4,030,204    3.3%
                                   
Sound Point CLO 36, Ltd.                                  
Mezzanine Debt - Class E   14.09%  (SOFR + 8.81%)  8/9/2023  7/26/2030   2,500,000    2,360,377    2,541,339    2.1%
                                   
Trinitas CLO XX, Ltd.                                  
Mezzanine Debt - Class E   13.43%  (SOFR + 8.15%)  8/3/2023  7/20/2035   6,000,000    5,862,336    6,045,355    5.0%
                                   
Total CLO Debt Securities                $34,389,531   $32,771,273   $34,691,634    28.8%
                                   
CLO Equity Securities(6)                                   
                                   
Allegro CLO 2021-2, Ltd.                                  
Subordinated Notes   17.11%     8/23/2021  10/15/2034  $5,000,000   $3,739,188   $3,013,273    2.6%
                                   
Allegro CLO XV, Ltd.                                  
Subordinated Notes   19.84%     6/10/2022  7/20/2035   4,640,000    3,232,051    3,043,958    2.6%
                                   
Allegro CLO XVI, Ltd.                                  
Subordinated Notes   20.13%     4/11/2024  4/25/2037   6,490,084    5,016,624    5,016,625    4.2%
                                   
Anchorage Capital CLO 1-R Ltd.                                  
Subordinated
Notes(7)(10)		   0.00%     10/5/2018  4/13/2031   2,100,000    249,558    160,230    0.1%
                                   
Apex Credit CLO 2020 Ltd.                                  
Subordinated Notes   17.92%     11/16/2020  10/20/2031   6,170,000    5,340,718    4,460,256    3.7%
                                   
Apex Credit CLO 2021 Ltd.                                  
Subordinated Notes   20.93%     5/28/2021  7/18/2034   7,140,000    5,234,682    4,472,017    3.7%

2

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

Company and Investment(1)(2)

  Interest Rate /Effective Yield(3)   Spread Above Index(4)  Initial Acquisition Date  Maturity  Principal Amount   Amortized Cost   Fair Value(5)   Percent of Net Assets 
Apex Credit CLO 2022-1 Ltd.                                  
Subordinated Notes   13.10%     4/28/2022  4/22/2033  $8,833,176   $7,171,896   $5,241,151    4.3%
                                   
Apex Credit CLO 2024-1, Ltd.                                  
Subordinated Notes   29.55%     3/7/2024  4/20/2036   3,600,000    2,398,306    3,020,406    2.5%
                                   
Atlas Senior Loan Fund X Ltd.                                  
Subordinated
Notes(7)(8)		   0.00%     10/5/2018  1/15/2031   5,000,000    2,033,362    230,550    0.2%
                                   
Atlas Senior Loan Fund XVII Ltd.                                  
Subordinated Notes   19.10%     9/20/2021  10/20/2034   6,000,000    4,412,725    3,162,105    2.6%
                                   
Battalion CLO IX Ltd.                                  
Subordinated Notes - Income(7)   0.00%     10/10/2018  7/15/2031   1,079,022    516,751    219,481    0.2%
Subordinated Notes(7)   0.00%     10/10/2018  7/15/2031   1,770,978    848,107    360,230    0.3%
                  2,850,000    1,364,858    579,711    0.5%
Battalion CLO XI Ltd.                                  
Subordinated Notes   7.40%     3/20/2019  10/24/2029   5,000,000    3,499,341    2,240,841    1.9%
                                   
Battalion CLO XV Ltd.                                  
Subordinated Notes   31.04%     5/4/2023  1/17/2033   3,500,000    1,742,255    1,740,704    1.4%
Subordinated Notes   31.04%     5/4/2023  1/17/2033   3,500,000    1,742,255    1,740,704    1.4%
                  7,000,000    3,484,510    3,481,408    2.8%
Battalion CLO XIX Ltd.                                  
Subordinated Notes   16.63%     3/16/2021  4/15/2034   5,000,000    2,779,454    2,206,313    1.8%
                                   
Bridge Street CLO III Ltd.                                  
Subordinated Notes   20.80%     12/28/2022  10/20/2034   6,900,000    3,923,374    5,057,595    4.2%
                                   
Brightwood Capital MM CLO 2023-1, Ltd.                                  
Subordinated Notes   13.26%     9/28/2023  10/15/2035   4,847,312    4,274,619    3,912,990    3.2%

3

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

Company and Investment(1)(2)

  Interest Rate /Effective Yield(3)   Spread Above Index(4)  Initial Acquisition Date  Maturity  Principal Amount   Amortized Cost   Fair Value(5)   Percent of Net Assets 
Crown Point CLO 4 Ltd.                                  
Subordinated Notes(7)   0.00%     3/22/2019  4/20/2031  $5,000,000   $2,397,911   $1,248,925    1.0%
                                   
Dryden 38 Senior Loan Fund                                  
Subordinated Notes(7)   0.00%     10/5/2018  7/15/2030   2,600,000    1,182,266    532,895    0.4%
                                   
Dryden 76 CLO, Ltd.                                  
Subordinated Notes   9.26%     9/27/2019  10/20/2032   2,250,000    1,880,905    1,253,124    1.0%
                                   
Dryden 87 CLO, Ltd.                                  
Subordinated Notes   13.56%     6/2/2021  5/20/2034   5,000,000    4,149,302    2,975,589    2.5%
                                   
Dryden 95 CLO, Ltd.                                  
Subordinated Notes   14.00%     7/29/2021  8/20/2034   6,000,000    4,724,353    3,386,880    2.8%
                                   
Dryden 98 CLO, Ltd.                                  
Subordinated Notes   13.62%     3/17/2022  4/20/2035   5,500,000    4,295,249    3,406,343    2.8%
                                   
Elevation CLO 2017-8, Ltd.                                  
Subordinated
Notes(7)(8)		   0.00%     10/5/2018  10/25/2030   2,000,000    635,841    58,673    —%
                                   
Elevation CLO 2021-12, Ltd.                                  
Subordinated Notes   9.09%     5/26/2021  4/20/2032   4,810,737    2,873,584    1,887,289    1.6%
                                   
Elevation CLO 2021-13, Ltd.                                  
Subordinated Notes   3.92%     6/9/2021  7/15/2034   6,026,765    4,300,223    2,418,179    2.0%
                                   
Elevation CLO 2021-14, Ltd.                                  
Subordinated Notes   5.26%     10/29/2021  10/20/2034   7,237,500    5,547,725    3,201,792    2.6%

4

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

Company and Investment(1)(2)

  Interest Rate /Effective Yield(3)   Spread Above Index(4)  Initial Acquisition Date  Maturity  Principal Amount   Amortized Cost   Fair Value(5)   Percent of Net Assets 
Elevation CLO 2021-15, Ltd.                                  
Subordinated Notes   2.68%     12/23/2021  1/5/2035  $9,000,000   $6,142,568   $3,087,235    2.6%
                                   
Empower CLO 2023-3, Ltd.                                  
Subordinated Notes   14.56%     12/21/2023  1/20/2037   10,675,000    7,228,679    7,162,343    5.9%
                                   
Empower CLO 2024-1, Ltd.                                  
Subordinated Notes   15.07%     3/20/2024  4/25/2037   5,024,000    4,115,189    4,115,189    3.4%
                                   
Empower CLO 2024-2, Ltd                                  
Subordinated Notes   15.16%     6/26/2024  7/15/2037   1,350,000    1,141,812    1,141,812    0.9%
                                   
Flatiron CLO 18 Ltd.                                  
Subordinated Notes   5.62%     10/5/2018  4/17/2031   4,500,000    2,680,309    2,084,079    1.7%
                                   
Halcyon Loan Advisors Funding 2018-1 Ltd.                                  
Subordinated Notes   5.99%     3/20/2019  7/20/2031   3,000,000    1,532,562    731,236    0.6%
                                   
HarbourView CLO VII-R, Ltd.                                  
Subordinated
Notes(7)(8)		   0.00%     10/5/2018  11/18/2026   3,100,000    1,886,533    —    —%
                                   
Invesco CLO 2021-2, Ltd.                                  
Subordinated Notes   27.28%     5/24/2024  7/15/2034   6,000,000    3,038,291    3,018,513    2.5%
                                   
Invesco U.S. CLO 2023-1, Ltd.                                  
Subordinated Notes   18.64%     5/31/2024  4/22/2037   5,000,000    3,674,372    3,685,420    3.0%
                                   
Jamestown CLO XVI, Ltd.                                  
Subordinated Notes   14.87%     7/29/2021  7/25/2034   3,500,000    2,526,461    2,014,733    1.7%

5

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

Company and Investment(1)(2)

  Interest Rate /Effective Yield(3)   Spread Above Index(4)  Initial Acquisition Date  Maturity  Principal Amount   Amortized Cost   Fair Value(5)   Percent of Net Assets 
LCM 31 Ltd.                                  
Subordinated Notes   18.11%     12/18/2020  1/20/2032  $1,350,000   $907,129   $723,377    0.6%
                                   
Madison Park Funding XXIII, Ltd.                                  
Subordinated Notes   11.33%     10/5/2018  7/27/2047   4,000,000    1,962,939    1,785,218    1.5%
                                   
Madison Park Funding XXIX, Ltd.                                  
Subordinated Notes   8.09%     12/22/2020  10/18/2047   1,000,000    532,330    453,550    0.4%
                                   
Marble Point CLO X Ltd.                                  
Subordinated Notes(7)   0.00%     10/5/2018  10/15/2030   7,000,000    2,821,711    482,803    0.4%
                                   
Marble Point CLO XX Ltd.                                  
Subordinated Notes   12.64%     4/9/2021  4/23/2051   5,125,000    3,694,510    2,581,297    2.1%
                                   
Marble Point CLO XXI Ltd.                                  
Subordinated Notes   12.93%     8/24/2021  10/17/2051   5,250,000    3,836,108    2,778,044    2.3%
                                   
Marble Point CLO XXIII Ltd.                                  
Subordinated Notes   14.39%     12/3/2021  1/22/2052   1,750,000    1,356,521    1,014,150    0.8%
                                   
MidOcean Credit CLO VII Ltd.                                  
Subordinated Notes - Income(7)(8)   0.00%     3/20/2019  7/15/2029   3,275,000    1,047,083    —    —%
                                   
MidOcean Credit CLO VIII Ltd.                                  
Subordinated Notes - Income(7)   0.00%     1/14/2019  2/20/2031   3,225,000    1,571,656    422,922    0.3%
                                   
MidOcean Credit CLO IX Ltd.                                  
Subordinated Notes - Income(7)   0.00%     11/21/2018  7/20/2031   3,000,000    1,471,083    253,784    0.2%

6

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

Company and Investment(1)(2)

  Interest Rate /Effective Yield(3)   Spread Above Index(4)  Initial Acquisition Date  Maturity  Principal Amount   Amortized Cost   Fair Value(5)   Percent of Net Assets 
Niagara Park CLO, Ltd.                                  
Subordinated Notes   11.32%     11/8/2019  7/17/2032  $4,500,000   $3,129,360   $2,559,660    2.1%
                                   
Octagon Investment Partners 39, Ltd.                                  
Subordinated Notes(7)   0.00%     2/27/2020  10/20/2030   3,600,000    1,600,048    677,460    0.6%
                                   
Rockford Tower CLO 2019-1, Ltd.                                  
Subordinated Notes   22.30%     8/25/2023  4/20/2034   4,500,000    2,538,580    2,168,264    1.8%
                                   
Sound Point CLO IV-R, Ltd.                                  
Subordinated
Notes(7)(8)		   0.00%     11/2/2018  4/18/2031   4,000,000    599,847    —    —%
                                   
Steele Creek CLO 2022-1, Ltd.                                  
Subordinated Notes   15.92%     3/28/2022  4/15/2035   5,000,000    3,390,010    2,775,632    2.3%
                                   
THL Credit Wind River 2014-3 CLO Ltd.                                  
Subordinated
Notes(7)(8)		   0.00%     10/10/2018  10/22/2031   2,778,000    1,099,947    130,562    0.1%
                                   
Trinitas CLO VIII, Ltd.                                  
Subordinated Notes(7)   0.00%     4/28/2021  7/20/2117   2,800,000    1,333,265    460,955    0.4%
                                   
Vibrant CLO X, Ltd.                                  
Subordinated
Notes(7)(10)		   0.00%     5/23/2019  10/20/2031   8,000,000    2,720,176    —    —%
                                   
Vibrant CLO XIII, Ltd.                                  
Subordinated Notes   14.80%     6/3/2021  7/15/2034   5,000,000    3,862,495    3,051,768    2.5%
                                   
Vibrant CLO XV, Ltd.                                  
Subordinated Notes   26.32%     8/21/2023  1/20/2035   4,000,000    2,501,412    2,537,447    2.1%

7

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

Company and Investment(1)(2)

  Interest Rate /Effective Yield(3)   Spread Above Index(4)  Initial Acquisition Date  Maturity  Principal Amount   Amortized Cost   Fair Value(5)   Percent of Net Assets 
Voya CLO 2017-4, Ltd.                                  
Subordinated Notes(7)(10)   0.00%     10/5/2018  10/15/2030  $1,000,000   $326,423   $43,968    —%
                                   
Wind River 2015-1 CLO, Ltd.                                  
Subordinated Notes(7)   0.00%     4/28/2021  10/20/2030   2,600,000    963,671    289,363    0.2%
                                   
Webster Park CLO, Ltd.                                  
Subordinated Notes(7)(10)   0.00%     4/23/2021  1/20/2027   3,363,000    1,436,291    600,034    0.5%
                                   
Zais CLO 3, Limited                                  
Subordinated Notes - Income(7)(8)   0.00%     10/10/2018  7/15/2031   1,038,255    491,947    32,600    —%
Subordinated Notes(7)(8)   0.00%     10/10/2018  7/15/2031   1,761,745    834,659    55,316    —%
                  2,800,000    1,326,606    87,916    —%
                                   
Total CLO Equity Securities                $273,060,574   $170,138,602   $122,587,852    101.1%
                                   
Loan Accumulation Facilities(11)                                  
                                   
Allegro CLO XVII, Ltd.                                  
Loan Accumulation Facility   17.50%     5/15/2024  5/15/2025  $2,500,000   $2,500,000   $2,500,000    2.1%
                                   
Total Loan Accumulation Facilities                $2,500,000   $2,500,000   $2,500,000    2.1%
                                   
Other CLO equity-related investments                                  
CLO other(9)   16.98%                $1,123,430   $1,332,522    1.1%
                                   
Total Investments                $309,950,105   $206,533,305   $161,112,008    133.1%

 

(1)These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act of 1933, as amended.
(2)OFS Credit Company, Inc. (the “Company”) does not “control” and is not an “affiliate” of any of its portfolio investments, each as defined in the Investment Company Act of 1940, as amended (the “1940 Act”). In general, under the 1940 Act, the Company would be presumed to “control” a portfolio investment if it owned 25% or more of its voting securities and would be an “affiliate” of a portfolio investment if the Company owned 5% or more of its voting securities.

8

 

OFS Credit Company, Inc. 

Schedule of Investments 

As of July 31, 2024 

(Unaudited)

 

(3)The rate disclosed on collateralized loan obligation (“CLO”) equity securities is the estimated effective yield, generally established at purchase, and reevaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments. The rates disclosed on CLO debt securities reflect the contractual interest rate, and exclude yield related to accretion of discounts. The rate disclosed on Loan Accumulation Facilities (as defined in footnote 11) represents the estimated yield to be earned on the investment through estimated redemption. As of July 31, 2024, the Company’s weighted-average effective yield on its total investments, based on current amortized cost, was 12.71% (excludes discount accretion on CLO debt investments). When excluding optionally redeemed CLOs, the weighted average effective yield on total investments, based on current amortized cost, was 13.01%.
(4)CLO debt securities bear interest at a rate determined by reference to three-month Secured Overnight Financing Rate (“SOFR”) which resets quarterly. The rate provided for each CLO debt security is as of July 31, 2024.
(5)The fair value of all investments was determined in good faith by OFS Capital Management, LLC using significant, unobservable inputs.
(6)Subordinated notes and income notes are considered CLO equity securities. CLO equity securities are entitled to recurring distributions, which are generally equal to the residual cash flow payments made by underlying securities less contractual payments to debt holders and fund expenses, subject to compliance with coverage tests and other provisions of the respective CLO indenture, as applicable.
(7)As of July 31, 2024, the effective accretable yield has been estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security’s anticipated redemption, is equal to or less than current amortized cost. Projected distributions are monitored and re-evaluated quarterly. All actual distributions received will be recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security’s then-current amortized cost.
(8)Non-income producing.
(9)Fair value represents discounted cash flows associated with fees earned from CLO equity-related investments.
(10)As of July 31, 2024, the investment has been optionally redeemed and is in the process of liquidating. Remaining residual distributions are anticipated to be recognized as a return of capital.
(11)“Loan Accumulation Facilities” are financing structures intended to aggregate loans that are expected to form part of the portfolio of a future CLO. Investments in Loan Accumulation Facilities generally earn returns equal to the actual income earned on facility assets less costs and fees incurred on senior financing and manager costs. Income and return of capital distributions from investments in Loan Accumulation Facilities are generally received upon the earlier of the closing of the CLO securitization or liquidation of the underlying portfolio.

 

9