OHA INVESTMENT CORPORATION (NASDAQ:OHAI) Files An 8-K Other Events
Item 8.01. Other Events.

The purpose of this Form 8-K is to provide shareholders with updated information regarding Castex Energy 2005, L.P. (“Castex”), one of the Registrant’s legacy portfolio companies (acquired prior to September 30, 2014, when Oak Hill Advisors, L.P. assumed management of the Registrant).

The Registrant is a holder of preferred limited partnership units in Castex. As previously disclosed in the Registrant’s Form 10-Q and 10-K filings, the Registrant exercised (with respect to all of its preferred limited partnership units) a put right on July 1, 2016. The put right remains unsatisfied by Castex to date.

On October 16, 2017, Castex announced that it (together with certain affiliates) has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. According to the filing, Castex and its affiliates in bankruptcy have entered into a restructuring support agreement (“RSA”) with pre-petition lenders holding approximately 86% in principal amount of claims under the pre-petition credit facility. The RSA outlines a plan of reorganization for Castex and its affiliates in bankruptcy. As currently proposed, the RSA does not provide for any recovery to the holders of preferred limited partnership units of Castex, including those preferred limited partnership unit holders who have exercised their put rights.

The Registrant is not a party to the RSA and is exploring all available options for a recovery on its investment in Castex.

Future information regarding the fair value of the preferred limited partnership units for the fiscal quarter ending September 30, 2017 will be provided in the Registrant’s Form 10-Q.

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The information in this current report on Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

About OHA INVESTMENT CORPORATION (NASDAQ:OHAI)

OHA Investment Corporation is a specialty finance company. The Company focuses primarily on providing direct lending solutions to middle market private companies across industry sectors. The Company’s investment portfolio includes debt securities and other investments in upstream exploration and production companies engaged in the acquisition, development and production of oil and natural gas properties in and along the Gulf Coast, in the state and federal waters of the Gulf of Mexico, and in the Permian Basin, Mid-Continent and Rocky Mountain areas. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in senior and junior secured, unsecured and subordinated loans, and to debt securities or preferred stock of the United States private and public middle market companies. The Company may also invest in equity, distressed debt and other assets. The Company’s investment advisor is Oak Hill Advisors, L.P.