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Fifth Street Finance Corp Raises $91.2 Million in Gross Proceeds in Connection With Public Offering of Common Stock


Friday, 14 Sep 2012 11:21am EDT 

Fifth Street Finance Corp announced that it has closed its public offering of 8,451,486 shares of common stock at a price of $10.79 per share, raising approximately $91.2 million in gross proceeds. The 8,451,486 shares of common stock include a portion of the over-allotment option granted to the underwriters. All shares were offered by Fifth Street. UBS Investment Bank, Goldman, Sachs & Co., J.P. Morgan and Wells Fargo Securities acted as lead book-running managers for the offering. Deutsche Bank Securities, RBC Capital Markets and Stifel Nicolaus Weisel acted as joint book-running managers and Raymond James, Maxim Group LLC and SMBC Nikko acted as co-managers for the offering. Fifth Street intends to use the net proceeds from this offering to repay debt outstanding under its credit facilities. However, through re-borrowing under its credit facilities, it intends to make investments in small and mid-sized companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes. 

Company Quote

9.675
-0.185 -1.88%
31 Jul 2014